Sending money abroad, the cheapest way
Your options
Three broad routes: your Danish bank (reliable, integrated with your NemKonto, but often a weak exchange rate plus a transfer fee), specialist money-transfer apps like Wise or Revolut (mid-market rates, low transparent fees), and traditional operators for cash pickup abroad. For most internationals moving money home regularly, the apps win on cost.
What actually costs you
Two charges, and the second is the sneaky one: the upfront transfer fee, and the exchange-rate margin (the gap between the real mid-market rate and the one you are offered). A "free" transfer with a padded rate can cost more than a small fee at the true rate. Compare the total amount that lands in the other currency, not just the headline fee.
Practical tips
Send in the recipient's currency where possible; watch for weekend rate mark-ups; and for large sums (a house deposit, say) your bank may actually be safer and the rate gap matters less proportionally. Keep records, large or regular international transfers can attract questions from either side's tax authority. See also investing in Denmark and opening a bank account.
Common questions
What is the cheapest way to send money out of Denmark?
Usually a specialist app like Wise or Revolut, which use near mid-market rates with low transparent fees, but always compare the total that arrives.
Can I use my Danish bank to transfer money abroad?
Yes, and it is reliable, but banks often add a weaker exchange rate plus a fee, so compare before assuming it is cheapest.
What hidden cost should I watch for?
The exchange-rate margin, the gap between the real mid-market rate and the one offered. A low fee can hide a poor rate.