How to send money to US from Denmark with the best DKK-USD rate

The exchange rate is the price you will pay when buying US Dollar in Denmark. A better exchange rate means you send more US Dollars to the United States.

Currently, the mid-market rate between the Danish Krone and US Dollar is 0.1523.

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Denmark to the United States.

• The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more US Dollar for your Danish Krone. The current DKK-USD mid-market rate is 0.1523 USD per Danish Krone.

• Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Danish Krone you’re sending to the United States. Key Currency currently has the lowest fees for transfers into USD of just 0 DKK. We always recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in US Dollar is the biggest indicator of the total cost of sending money to the United States from Denmark. The bigger the amount received in the United States, the lower the overall cost of sending from Denmark.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between Denmark and the United States for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a bank transfer will most often be the way to get the best price when sending money from Denmark to the United States.

Here are all the ways to send money from Denmark to United States:

Bank transfers

Bank transfers are often the better option for money transfers from Denmark to the United States.

Sending money via a bank transfer with a company such as Key Currency for transfers from Denmark to the United States allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from Denmark to the United States with a prepaid or a debit card is very simple with Wise.


Wise is a leader in card payments for transfers from Denmark to the United States, competing among a total of 12 active money transfer companies on this route.

Credit cards

We recommend avoiding credit card deposits as it usually means taking a cash advance and using it for the deposit. Instead, use a bank transfer or a debit card deposit to save on fees.

If you have to, we recommend running a comparison to find the best deal for your transfer.

Money transfer companies offering services between Denmark and the United States have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Danish Krone could change. We always recommend comparing DKK-USD rates for your specific transfer amount. Then, with transfers to the United States, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of DKK to the United States, we’d recommend Wise.

There are different options for receiving US Dollar in the United States. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from Denmark to the United States will offer every method for incoming US Dollar, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from Denmark into the United States. For most part, this is because it means the recipient has to do very little. Wise is the best company for bank transfers between Denmark and United States.

And if you need cash right away, check if cash pickup is an option for transfers between Denmark and the United States.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Key Currency.

You will need to verify your ID at the sign up stage when sending from Denmark to the United States through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in Denmark through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in the United States, both of these will also likely be accepted. Depending on the company you are using and where the money is going in the United States, it’s always best to check ahead just in case.

Larger transactions between Denmark and the United States are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Wise scored so highly for large and regular transfers to the United States, was their easy sign up process in Denmark.

When sending money between Denmark and the United States there will be tax declarations to consider.

Some transfers into US Dollar may need to be reported to tax authorities in the United States. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in the United States based on age, income and personal circumstance. When in doubt, please contact a tax professional in Denmark or the United States to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.