Money transfer

What is the best way to transfer money abroad when in Denmark?

Bank Transfers

Sending money can be bumpy, especially if you are new in Denmark and have not explored this area before. However, there are quite a lot of applications offering money transfer services globally.

But how do you choose the right service provider? One that works represents, and communicates your needs. 

In most cases, sending money requires you to open an account, meaning you must provide personal and private information. Tax is also a consideration for money transfers to and from Denmark.

How to choose an exemplary money transfer service?

Significant points to look out for

  • Trust and Security: This is where Trustpilot comes in. read as many reviews as possible to clearly understand to whom you entrust your private and most personal information. You also want to ensure that your money transfer provider is regulated and certified by a credible financial regulatory board.
  • Fees and rates: what are the costs and rates compared to other service providers? Some companies provide a live rate that is seamless, transparent, and time-saving.
  • Service: Start by interacting with customer service if you have any burning questions to get a good and quick understanding of how the said provider caters to their respective customers. Visit Trustpilot to see what others say about that particular money or exchange provider. 
  • Freedom and efficiency: What is the transfer amount limit? You are not only looking for good customer service, free fees, and minimal rates but also the freedom to send and receive minor to large amounts of money. 
 

Top five international money transfer apps/services

WorldRemit

A regulated and certified app with great reviews on Trust pilot. over 65,512 active reviews, and a 4,1-star rating. The speed rate is between 1-3 days, especially if choosing bank transfers. World remit is also known for minimal transfer fees. In addition, it offers cash pickups, same-day mobile money transfers, track your money notifications as well as airtime purchase.

Click below to install the WorldRemit app:

Western Union

A regulated and certified money service company with good reviews on Trustpilot. Over 36 000 active reviews with a 4-star rating.
The speed rate is between 1-3 days on bank transfers and 0-1 on mobile services. Has OK customer service, reasonable rates, and instant transaction notifications.

Click below to install the Western Union (WU) app:

Remitly

A regulated and certified money service company with great reviews on Trustpilot. Over 37 000 active reviews with a 4,1-star rating.
The speed rate is between 1-3 days on bank transfers and 0-1 on mobile services. It has relatively good customer service, reasonable rates, and instant transaction notifications. 

Click below to install the Remitly app:

Xe

Based in Canada, Xe is a regulated and certified foreign exchange company with excellent reviews on Trustpilot. Over 54 000 active reviews with a 4.3-star rating. Xe sends money transfers to over 130 countries with a solid historical background. In addition, it has live exchange rates, which makes it one of the most attractive money transfer companies.
The speed rate transfer is within the same day. Has minimal and reasonable rates and notifications on transactions and rates.

Click below to install the Xe app:

Currencies Direct

A European-certified exchange money and transfer service company with excellent reviews on Trustpilot. Over 7,000 active reviews with a 4.9-star rating. They offer fee-free transfers in over 60 currencies. Customers’ money is processed through a segregated bank account. Money transfer is with 0-1 day on their app.

Click below to find out more:

Denmark to Denmark – Domestic money transfers

MobilePay

Mobilepay is Denmark’s most convenient and fastest way to send money through mobile phones.

The speed rate is instant, and the smartphone app is available to Nordic countries and allows you to pay for products and services in many Scandinavian web shops or send money to friends and family. 
The app allows you to host multiple credit or debit cards for your transaction needs.

Click below to install the MobilePay app:

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