Student life costs in Denmark

Denmark is a very expensive country, and its standard of living is one of the highest in the world. However, if you guide your expenses and follow local economic life habits, such as: riding a bike to university and eating home-made, then living while studying in Denmark will not cost you much.

How to open a bank account
All international students of Denmark are advised to open a bank account. To do this, a Danish ID number must first be obtained. When choosing a bank, we suggest that you ask your student friends for recommendations to the best banks. The process of opening an account is very easy, you just have to bring your passport, ID card and Danish ID number to one of the bank branches that you have chosen.

You will need to bring in a credit or cash card sufficient for the first weeks of your stay in Denmark. For example: You will need enough money to pay the rent and the deposit provided for your residence, in addition to household items for your room. Make sure that you can use your credit card in Denmark. And check the maximum cash withdrawal.


If you are a customer of one of the major international banks, you will be able to transfer funds directly from your original account to your account with the Danish bank. You will also be able to transfer funds from your Danish account to your country’s account. The transfer may take a few days and often it will cost you some fees. For more information, please contact your bank.

General Payment System (Nimconto)
You will need to register your bank account in Denmark with the Danish Tax Agency as a “Nimkuntu” account (i.e. a flexible account), which will allow government agencies to pay you directly, such as: salaries, tax deduction or a subsidy. Seek advice from your danish bank.

Other examples of prices in Denmark:
Acquisition of a used bike: 250 - 1000 crowns.
Cinema ticket: 95 kr.
Dinner abroad: 200 kr.
Coffee drink / coffee: 30 - 50 crowns.
Drink from the supermarket: 5 - 15 kr.
Danish currency
The Danish currency is called the Krone (DKK).

One krone is divided into 100 airy.
One euro is approximately 7.45 crowns.
The US dollar is approximately 6.66 crowns.
The pound sterling is approximately 8.69 kroner.