What new EU banking rules mean for foreigners in Denmark

Living in Denmark with a bank account outside the EU could soon get harder. A new European Union directive will change how non-EU banks operate. The new rules take effect in Denmark in January 2027.

The law is called the Capital Requirements Directive. It requires non-EU banks to set up local branches in the EU. This rule applies if they take deposits or offer loans to EU residents. Without a local branch, these banks cannot offer core services in Denmark.

Many foreign residents keep bank accounts in their home countries. These accounts help pay taxes or receive pensions back home. Under the new rules, non-EU banks may ask customers for local home addresses. Some banks might choose to close accounts for customers living in Denmark.

The directive was passed in July 2024. Denmark will add it to national law by January 2026. The rules apply only to new agreements signed after July 10, 2026. Existing contracts signed before July 11, 2026 are protected by a special clause.

Exemptions exist if a customer contacts a foreign bank on their own initiative. If your bank threatens closure, you have options. You can switch to a bank operating in both countries. Alternatively, internet banks like Wise or Revolut offer multi-currency accounts with EU details.