Best No-Fee Student Bank Accounts in Denmark

The best no-fee student bank accounts in Denmark provide a Danish account number, debit card, mobile banking and ordinary transfers without charging a monthly account fee.

However, “no-fee” does not mean every banking service is free. International students should still check ATM charges, foreign-currency markups, international transfer fees and the cost that applies after they exceed the account’s age limit or finish studying.

Best No-Fee Student Bank Accounts in Denmark

1. Danske Bank Student Account: Best Overall

Danske Bank offers one of the most complete free banking packages for university students in Denmark.

The offer is available to:

• Customers aged 18–27
• Students under 32 years old

Eligible customers can receive:

• Two bank accounts
• One or two payment cards
• Mobile Banking
• Online banking
• A salary or everyday spending account
• A separate budget account for rent and recurring bills
• No monthly package fee

The ability to have two accounts without package fees is useful for students who want to separate fixed expenses from everyday spending.

Danske Bank also provides an alternative application route for applicants who do not have MitID or have not yet moved permanently to Denmark. These applications may require manual document checks and take longer than the standard digital process.

Possible additional costs:

• ATM fees in certain situations
• Currency-conversion charges
• International transfer fees
• Replacement-card charges
• Credit-card interest or fees

Credit cards and overdrafts require separate approval and should not be confused with the free debit-based student package.

Best for: International students under 32 who want a traditional Danish bank, multiple accounts and access to both digital and assisted customer service.

2. Nordea Young Customer Package: Best for Students Aged 18–28

Nordea offers its Min hverdag everyday banking package for DKK 0 per quarter to customers between 18 and 28 years old.

The package includes:

• Visa/Dankort or Nordea Pay
• Mobile and online banking
• Multiple accounts
• Apple Pay and Google Pay
• Digital payments and transfers

The ordinary Min hverdag price is DKK 135 per quarter, but it is waived for customers within the 18–28 age group.

Nordea Pay and Visa/Dankort have no annual card charge under the package. Cash withdrawals in Nordea’s Danish ATMs are also free. However, withdrawing from another Danish bank’s ATM currently costs DKK 10, while foreign withdrawals can generate additional fees.

Students with MitID, a Danish address and a Danish phone number may be able to apply digitally. Applicants without these items usually need to contact Nordea for assisted onboarding.

Best for: Students aged 18–28 who want free accounts, a free debit card and access to a major Nordic bank.

3. Jyske Bank Young Customer Account: Best for Ages 18–29

Jyske Bank provides special banking benefits for customers aged 18–29.

The published young-customer benefits include:

• DKK 0 Visa Debit card fee
• DKK 0 online banking fee
• DKK 0 mobile banking fee
• Accounts designed for salary, daily spending and recurring expenses
• Access to personal financial guidance

The bank offers several young-customer account types, including Lønkonto Ung for salary and everyday expenses and Budgetkonto Ung for regular bills.

Jyske Bank notes that the customer’s complete banking relationship can affect the applicable package and prices. Students should therefore request written confirmation of all charges before transferring their salary or NemKonto.

Possible extra charges may apply to:

• Withdrawals from other banks’ ATMs
• International transfers
• Foreign-currency card payments
• Branch-based services
• Credit products

Best for: International students aged 18–29 who primarily use digital payments and want a free Visa Debit card.

4. Lunar Light: Best Free Digital Account

Lunar Light is not a student-only package, but it is one of the strongest free digital accounts available to international students in Denmark.

The Light plan currently includes:

• DKK 0 monthly fee
• Danish bank account
• Free digital card
• English-language banking app
• Apple Pay and Google Pay
• Mobile spending tools
• Support for receiving salary and eligible student payments
• Ability to use the account as a NemKonto after completing the required registration

Lunar specifically markets its free Danish account to expats, non-citizens and international students. Applications are completed online through its mobile app.

The free package is best for students who are comfortable using a digital card. A physical card, additional accounts or more advanced budgeting features may require extra charges or a paid package.

Lunar has no conventional branch network, so applicants who cannot complete digital identity verification may find a traditional bank easier.

Best for: Students who already have the required digital identification and want a free Danish mobile account.

Which Account Is Actually Cheapest?

The answer depends on your age and how you use the account.

Choose Danske Bank When:

• You are a student under 32.
• You want two accounts and one or two cards.
• You need access to a major branch-based bank.
• You may need manual onboarding without MitID.

Choose Nordea When:

• You are between 18 and 28.
• You want free accounts and a free debit card.
• You regularly use Nordea ATMs.
• You value a large Nordic banking network.

Choose Jyske Bank When:

• You are between 18 and 29.
• You want a free Visa Debit card.
• You mainly pay through mobile or online banking.
• You want separate salary and budget accounts.

Choose Lunar Light When:

• You want a fully digital account.
• A digital card is sufficient.
• You already have MitID or can complete digital verification.
• You do not need regular branch assistance.

What Fees Can Still Apply?

Even with a no-fee account, students may pay for:

• Non-bank ATM withdrawals
• Cash withdrawals abroad
• Foreign-currency conversion
• International transfers
• Express transfers
• Replacement cards
• Paper statements
• Branch-assisted payments
• Overdraft interest
• Credit cards

Nordea, for example, charges no annual fee for its qualifying debit cards but applies separate charges for some non-Nordea and international ATM withdrawals.

Always download the complete price list rather than relying only on the account’s headline monthly fee.

Documents International Students May Need

Danske Bank’s student guidance lists documents such as:

1. Valid passport
2. CPR number
3. Danish health insurance card, when issued
4. University admission or enrollment confirmation
5. Residence permit for relevant non-EU or non-EEA students
6. Evidence of sufficient financial resources when required

The bank may also request proof of address, tax-residence information and documents explaining where your money comes from.

Newcomers should also prepare:

• Foreign tax identification number
• Scholarship or family-support documentation
• Employment contract, when applicable
• Details of expected international transfers
• Danish telephone number and email address

Do You Need MitID?

MitID is widely used for online banking and digital account applications in Denmark.

Non-citizens can obtain MitID after verifying their identity. In some cases, a compatible passport or international identity card can be scanned through the MitID app. Applicants can also seek help from Citizen Service.

A Danish CPR number is not always required to obtain MitID, but banks may apply their own requirements before providing online or mobile banking. Applicants without CPR may be assigned or advised to use a P code.

Can the Account Be Used as NemKonto?

Yes. An ordinary Danish account can usually be registered as NemKonto, which is the account public authorities use for tax refunds and other eligible payments.

Students can assign an account through MitID self-service, ask their Danish bank to register it or submit the required process for a foreign account. Registering an account as NemKonto is free.

Are Deposits Protected?

Eligible deposits at Danish banks are generally protected up to €100,000 per depositor, per bank, equivalent to approximately DKK 750,000 depending on the exchange rate.

The protection applies to the combined eligible balance held at the same bank, not separately to each current or savings account.

Final Verdict

Danske Bank is the best overall no-fee student bank account in Denmark for eligible students under 32. It provides two accounts, one or two cards and digital banking without a monthly package fee.

Nordea is the strongest option for customers aged 18–28, particularly those who want a free debit card and access to Nordea’s ATM network.

Jyske Bank offers excellent value for customers aged 18–29, while Lunar Light is the best free digital account for students who can complete online identity verification.

The best choice is not merely the account with a DKK 0 monthly fee. Compare ATM charges, international transfer costs, currency-conversion fees and the price that starts when you exceed the account’s age or student limit.

Official Sources

• Danske Bank: Account for Young Adults and Students
• Danske Bank: Banking and Documents for Students
• Nordea: Banking Benefits for Customers Aged 18–28
• Nordea: Personal Banking Prices
• Jyske Bank: Benefits for Customers Aged 18–29
• Jyske Bank: Young Customer Accounts
• Lunar: Free Danish Account for International Students
• MitID: Information for Non-Citizens
• Finansiel Stabilitet: Danish Deposit Guarantee Scheme