Questions and answers - Invalid Banknotes

 You can exchange your banknotes in several ways. Please note that there are different deadlines:

• You can still pay with the banknotes that will become invalid in shops or deposit them in your bank account until 31 May 2025.
  
  
• From 2 December 2024 until 31 May 2026, you can exchange the banknotes at one of Danmarks Nationalbank's three banknote exchange points operated by FOREX in Aarhus, Odense and Copenhagen.
  
  Private individuals can exchange up to kr. 5,000 to new banknotes. You can also choose to have the money deposited in your bank account. If you hand in more than kr. 5,000 the money will be transferred to your bank account. If you hand in money on behalf of a company, it will always be transferred to the company's bank account. 
  
  

  You must always bring a completed exchange form and documentation regardless of whether you wish to exchange to new banknotes or have them deposited to your bank account. See the top of the page for amount limits, deadlines and what documentation you need to bring.

Private individuals can exchange a maximum of kr. 5,000 to new banknotes. You can also choose to have the money deposited in your bank account. If you hand in more than kr. 5,000 the money will be transferred to your bank account. If you hand in money on behalf of a company, it will always be transferred to the company's bank account. 

You must always bring a completed exchange form and documentation regardless of whether you wish to exchange to new banknotes or have them deposited to your bank account.

Danmarks Nationalbank has to process the transfer to your accounts manually. This includes handling the banknotes and money laundering checks. You can therefore expect a processing time after you have handed in the money and documentation. Once Danmarks Nationalbank has processed the deposit, the money will be transferred.   

Danmarks Nationalbank and FOREX do not charge a fee for exchanging the banknotes that will become invalid. 

If the money is to be transferred to your bank account, Danmarks Nationalbank will pay the amount 1 to 1 in Danish kroner without charging a fee. However, be aware that in some cases your local bank may charge a fee for receiving the money, which is not covered by Danmarks Nationalbank. The amount received may therefore be minus any fees from your own bank.

When transferring to a foreign account, the amount will be converted to a currency other than Danish kroner, which may incur an exchange fee. The exchange fee is not covered by Danmarks Nationalbank.

The deadline for using the banknote exchange points is 31 May 2026.

Until 31 May 2025, you can pay with the banknotes that will become invalid in shops or deposit them in your bank account. After that date, you can only exchange them at one of Danmarks Nationalbank's three banknote exchange points located in Aarhus, Odense and Copenhagen. You must attend in person, meaning that no one else can exchange the money on your behalf. Before showing up, you need to fill out and print an exchange form, which you can find at FOREX website.

• Exchanging as private individual
• Exchanging as a business
• Exchanging as a foreign business

You will also need to bring identification documents.

No. It is only possible to hand in your own banknotes, and banknotes must be handed in personally at one of Danmarks Nationalbank's three banknote exchange points operated by FOREX in Aarhus, Odense and Copenhagen.

Yes, if the banknotes are amongst those that are no longer legal tender. But there must be more than 50 per cent of each banknote remaining. If you have 50 per cent or less of a banknote, it is not valid and the exchange point will not accept it.

If you have any questions, please write to nationalbanken@forexvaluta.dk. Please note that it may take a few days before you receive a response.

Danmarks Nationalbank has decided that the maximum amount that can be exchanged is kr. 5,000. This is primarily due to the risk of money laundering, which increases as the amount increases.

If you have more than kr. 5,000, the amount will be transferred to your bank account. You need to fill out a form and bring documentation before you arrive at the banknote exchange point. Read more about forms and documentation requirements at the top of the page.

You can have the money transferred to your bank account. You will need to fill out an exchange form, bring documentation and attend one of the 3 banknote exchange points in person.

Once the money has been transferred, you can go to your own bank and withdraw it as cash or withdraw the amount at an ATM.

No. There is no upper limit to the amount or number of times you can use the banknote exchange points. However, you must be able to prove where you got the money from in order to exchange the notes via the banknote exchange points. Read more about documentation requirements at the top of the page.

If you are redeeming more than kr. 50,000, you must contact the banknote exchange point at nationalbanken@forexvaluta.dk before showing up.

Read more at www.forexvaluta.dk/invalid-banknotes.

Danmarks Nationalbank has in cooperation with the Faroese and Greenlandic banks established the possibility for Greenlandic and Faroese citizens to exchange the banknotes in their own bank between 1 June 2025 and 31 May 2026. That’s up to one year after the banknotes become invalid as legal tender.

If you are a customer of GrønlandsBANKEN or Bankivik (Tusasss) in Greenland, you can continue to exchange the banknotes in your own bank until 31 May 2026. You can also use Danmarks Nationalbank’s three banknote exchange points in Aarhus, Odense and Copenhagen.

Danmarks Nationalbank has in cooperation with the Faroese and Greenlandic banks established the possibility for Greenlandic and Faroese citizens to exchange the banknotes in their own bank between 1 June 2025 and 31 May 2026. That’s up to one year after the banknotes become invalid as legal tender.

If you are a customer of Føroya Banki, Betri Banki, Norðoya Sparikassa or Suðuroyar Sparikassa in the Faroe Islands, you can continue to exchange the banknotes in your own bank until 31 May 2026. You can also use Danmarks Nationalbank’s three banknote exchange points in Aarhus, Odense and Copenhagen.

No. You must always attend in person at one of the three banknote ex-change points that Danmarks Nationalbank operates together with FOREX in Aarhus, Odense and Copenhagen. Before showing up, you need to fill out and print an exchange form, which you can find at www.forexvaluta.dk/invalid-banknotes.

Remember to bring identification documents with you. Read more at the top of the page.

Please note that others cannot exchange on your behalf using a power of attorney.

Yes. Once you have visited a banknote exchange point in person, it will be possible to transfer money to your foreign bank account. You must provide all relevant information as specified on the exchange form available at the top of the page.

Please note that Danmarks Nationalbank does not charge a fee for the transfer, but you should be aware that in some cases your local bank may charge a fee for receiving the money, which is not covered by Danmarks Nationalbank. The amount received may therefore be minus any fees from your own bank. This applies, for example, if you have an account in a foreign bank and the money has to be converted to a currency other than Danish kroner.  

No. You can only exchange the banknotes for Danish kroner.

Private individuals can exchange kr. 5,000 for new banknotes. If you hand in more than kr. 5,000 the money will be transferred to your bank account in Danish kroner by Danmarks Nationalbank.

If you are a company, the value of the banknotes will always be transferred to your company bank account.

Please note that Danmarks Nationalbank will always transfer the exchanged amount 1 to 1 in Danish kroner, which will appear in the transfer text on the recipient's bank account. When transferring to a foreign account, the amount will be converted to a currency that your bank can accept. This exchange may involve fees, which you are eligible for paying.

No. Personal attendance is required if you want to use Danmarks Nationalbank's banknote exchange points.

You must fill out and print an exchange form, which you must bring with you, along with a printed copy of the documentation.

There are differences in the documentation you need to bring as a private individual, Danish company or a foreign company. Read more at

• Exchanging as private individual
• Exchanging as a business
• Exchanging as a foreign business

  The documentation must ensure that FOREX and Danmarks Nationalbank can perform the necessary anti-money laundering checks. The rules are set out in the Danish Financial Supervisory Authority's guidelines.