Article by Mozo
If you’re buying property in Denmark, doing business or have family and friends that live there, there’s probably a time where you need to do an international money transfer. Whether a one-off transfer or regular, we’ll guide you with quick how-to tips to get you on your way. Remember, Mozo is a neutral and informative platform to help you make the right decision for your personal situation. Take a moment to read on how we can help you make an international money transfer work for you.If you want to transfer money to Danish krone for your next holiday to Denmark, then it’s a good idea to visit Mozo’s Travel Money section and read up on everything you need to know about the best travel cards and exchange rates.
|Financial Agent Type||Pros||Cons|
| Banks |
Where most people safely keep their money protected.
|Names and brands that you use and trust.||Higher transfer fees than other IMT providers. Limited service - only available during business hours.|
| Specialist FX |
Or Foreign Exchange Specialist transfer funds and exchange foreign currencies everyday. Companies like: CurrencyFair, HiFX, OzForex etc.
| Pros: |
Quick and safe international money transfer, costs less than banks. More flexible - transfer funds 24/7.
|Cons: Since currencies change everyday, trading Australian dollars for krone may vary from one day to the next.|
Want to double check if the BIC or SWIFT code is correct? Visit http://www.swift.com/bsl to double check your numbers if you’re uncertain.
Anything you do online can be pretty risky if you’re not careful. Before transferring money online shopping, posting updates on social media or doing your regular online banking, make sure you:
Having these on your PC or mobile protects your personal information, allowing you to enjoy the flexibility of enjoying all your favourite online pastimes.
Yes you can. One-off is fine. So is sending money to Denmark multiple times. For whatever reason, and however many times will be completely up to you and your personal situation.
We know how busy you are, so we’ve compared as many IMT providers as possible for you.
Your overall fee will depend on the rate you secure. Is it a small amount? Then you may not notice the charges so much. If it’s in the hundreds or thousands, then you certainly will. Not sure how IMTs work? We’ve got a quick summary here:
BIC - Bank Identification Code
SWIFT - Society for Worldwide Interbank Financial Telecommunication
IBAN - International bank account number
Recipient - The person or party who receives the money being transferred
IMT - International money transfer
IMO - International money order.Country guides for transferring money internationally