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Although they’re not the biggest international community in Australia, Danish Australians have one of the more extensive cultural and social expat networks. Numbering around 60,000 (both first generation and claiming Danish ancestry) in Australia today, the first wave of Danish immigrants arrived during the gold rush and political instability in the 1800s. Since then, the two countries have established solid political, economic and social relationships. Over 100 Danish companies have a presence in Australia, with Danish company ISS being one of the country’s biggest European employers.
As well as this history of Danish immigration to Australia and its companies having a presence here there has been increased tourism of Australians to Denmark over the last several years. Many Australians want to travel to Denmark not only to visit the home of their ancestors but also to see the country of the Australian princess Mary, Crown Princess of Denmark and Countess of Monpezat, with the hopes of getting a glimpse of the princess and her royal family.
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Niels and his wife Tania were both Danish exchange students when they met in Melbourne. Together they run a travel agency catering for Danish tourists, and every month they send money home to their parents. When comparing ways to get money to Denmark, they’re most concerned about the transfer fees and the exchange rate offered by their bank or the service they’re interested in using.
| Bank | Money transfer service | |
| Exchange rate | 5.1573 | 5.2449 |
| Transfer fees | $22 | $0 |
| Amount received for $500 | 2,578,65 DKK | 2,622,45 DKK |
| Transfer time | 2 - 5 days | 1 day |
| Transfer options | Online, over the counter | Online |
| Difference of | 43.80 DKK |
The above comparison shows that even though there isn’t a big difference in the amount of Danish kroner you’d get out of the exchange, the bank’s delivery delay is much longer. The bank also charges a sizeable transfer fee, whereas the money transfer company offers a free service.
Niels and Tania’s best option would be to use the money transfer service: their money would land within just one business day, and thanks to a better exchange rate, their recipients would receive slightly more money in their own currency.
When considering options to transfer money to Denmark, there are a few factors to take into account to get the best value for your money.
Generally, transferring money between Australia and Denmark is easy and hassle-free. Denmark will accept and convert Euro to kroner, and there are money transfer options available that don’t charge any fees for the transaction.
If you’re in a fix and need a quick cash injection while in Denmark, there are a few options to help you out of a difficult situation.
When transferring money to a Western Union or MoneyGram branch in Denmark, it’s a good idea to check their business hours and ask about whether they’re able to handle your transaction.
Telestation
Banegardspladsen 1
Copenhagen 1570
+45 339 30002
Open Monday to Friday 10am to 7:30pm
Vester Farimagsgade 6 St Tv
Copenhagen 1606
+45 331 60089
Open Monday to Sunday 10am to 9pm
Amanda Kiosk
Overgade 44
Odense 5000
+45-802-00040
Open Monday to Friday 8am to 6pm, Saturday from 10am to 3pm
Banegardscentret
Odense
+45-80200040
Open Monday to Friday 9:30am to 5:30pm, Saturday 10am to 3pm
SANSFER Company APS - #LDK0103
Vester Farimagsgade 6 ST
Copenhagen 1606
+ 45 331 39080
Open Monday to Sunday 9am to 10:30pm
Norrebrogade 218
Copenhagen 2200
+45 358 56331
Open Monday to Saturday 10am to 6pm
Hjornets Kiosken
Kochsgade 35 LOC
Odense C 5000
+45 318 77250
Open Monday to Sunday 9am to 10:30pm
Thriges Plads 3-7
Odense 5000
+45 504 12718
Open Monday to Sunday 10am to 7pm
Despite the shootings in Copenhagen in February 2015, the travelling advice from the Department of Foreign Affairs and Trade hasn’t changed: you should still exercise ‘normal safety precautions’ when visiting Denmark. No matter where you go - even a relatively low crime country like Denmark - it’s important to be vigilant and aware of your surroundings.
When picking up your money, be sure to get there during business hours. If possible, take along your travel partner. If you’re collecting a large sum of money, arrange to be dropped off and picked up by a reliable taxi service instead of walking.
Back to topIf you’re sending money to an account within the same bank, you can process a free transaction online or in person at your branch. They’ll require the recipient’s name and account number, as well as the amount you’d like to send.
If you choose to use a money transfer service, they will require that you register as a user before you can make a transfer. They’ll ask for the following:
Once the transaction is complete, you’ll receive a reference and/or tracking number. Recipients collecting money at a pick-up location will be required to present the reference number and positive identification.
Since there are few restrictions on sending money to Denmark, you can benefit from services that offer zero transfer and receiving fees, while making the most of competitive exchange rates.
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