Bank of Denmark, one of the top-ten

Denmark, Copenhagen,
National Rank [2],
World Rank [101]

Established in 1990 as a result of merger between three major banking structures of Denmark, established in 1925, 1857 and 1973 under highly reputable brand name. In December 2001 the Bank merged into the group, which has become the largest in the Southern Europe

Above 5.000 USD. It is recommended that this amount is deposited within first month of account operation. After depositing the bank informs the client on the assigned account number. This amount is NOT a minimal deposit. 

The bank has no special requirement for minimal balance or for returns. The Bank would pay special attention only to large amounts of operations on the account (over $10 000 000 annually). The Bank is NOT favorable towards saving accounts.

Low: incoming payment 5 USD, outgoing Express payment – date of valuation – next date- 46 USD, economic transfer with valuation date on the third day 20 USD; currency exchange 0.05%.

The Bank offers few types of transactions executable within 1-4 business days. Operational hours in the Bank from 11.00 to 17.30 (Moscow time).

1) by fax using code word; 2) UniTel system, enabling account management, statements of account, etc. Monthly usage fee 100 USD. UniuTel users get 40% discount for incoming and outgoing payments.

7 - 10 working days

One Russian speaking employee. 11 other employees speak basic European languages.

The Bank issues all types of major credit cards: American Express, MasterCard, Visa. The best conditions are made available for Visa cards:  стоимость изготовления: $20 в год; страховое покрытие: $3,500; ежедневный лимит: $280 в день и/или $2.100 в месяц. MasterCard: issuance and service cost: 20 USD annually; monthly limit from 5,000 USD to 20,000 USD. Insurance coverage is twice as much as the monthly limit.

L/Cs, cheques

Interest rates payable on deposits vary depending upon the amount and terms, but limited to 0.99%. The minimal term is 1 month. Investment programs are not prioritized by the Bank, although exist.

Not required

Clients sign banking forms in our office. After 7 days we receive by fax a message informing about the opening of an account, where opening fee should be transferred to. Upon the receipt of an opening fee, permanent account number shall be assigned. Along with the first fax comes a set of documents required for the account mismanagement, tariffs, payment instructions templates and other necessary info.

A copy of the civil or foreign passport. Recommendation letter (possibly by fax) from reputable Russian (western) partners or clients, as well as a letter from any Russian Bank (our assistance in obtaining)

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