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Home International Customs Denmark

Dansek bank fee increases to150% on money transfers

byCustoms Today Report
28/03/2015
in Denmark, World Business
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COPENHAGEN: Dansek bank in a statement said that customers will costs of self service money transfers from two to five kroner, approximately an increase of 150% from 1st May 2015.

The price increase will affect all Danske Bank customers who have not chosen a specific client program, and it also applies to transfers between Danske Bank customers.According to the bank, all customers were informed about the change electronically in late February.

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“We constantly compare our prices with our competitors, and based on our evaluation of the services we deliver, we have decided it was time to raise the price a little,” Kim Fuglsang Kristoffersen, the first vice president at Danske Bank, told TV2.None of the major Danske Bank competitors – such as Nordea, Jyske Bank and Arbejdernes Landsbank – charge their customers for a self-service bank transfer like online banking or mobile banking.

Transfering money via Danske Bank’s popular smartphone app MobilePay will remain free of charge and can therefore be considered as an alternative to other online services. However, the app only allows a transfer of up to 2,000 kroner per day.

Tags: Dansek bankKim Fuglsang Kristoffersenmoney transfer

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