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ATMs in Denmark

My bank in Kansas hasn't issued chip cards yet. Will there be any problem using ATMs in Denmark to withdraw cash? How often do you need cash even. Rick's book says often but recent you-tubers say never.

Posted by
2204 posts

We were in Copenhagen in 2014. Our CapOne ATM card was fine at the ATMs. It still does not have a chip, as it is an ATM card only, and not a debit card. You should have no problem. As for cash, we found that they were already pretty much on the chip-card only system, so we wound up not using our credit card there at all as it had not yet been converted, and dealt solely in cash.

Posted by
21167 posts

All fees are determined by your local bank/credit card issuer. Call them and ask. There are no fees for using a bank owned ATM in Europe.

Posted by
5652 posts

No problem with my credit union ATM/Debit card with mag strip at the CPH terminal. Asked for 1500 DKK and the cash machine spit out three 500 DKK notes. Credit union converted at essentially Interbank Rate plus a 1% fee. [Traveled Jan 2016]

The Danes are very advanced and accept credit cards (even signature cards) for most purchases. You will need coins for museum lockers.

Posted by
2204 posts

As Frank says, all fees are determined by your bank.

In our case, CapOne has no fees. We always make certain to use a bank owned and operated ATM, so no fees. As for the exchange rate, our CapOne and Schwab cards have their withdrawals converted at the current exchange rate of the interbank system when you bank processes it, which is in essence what you see published as the daily exchange rate. The network imposes somewhere between a .2% to .8% surcharge on the withdrawal for use of the system, stocking cash, etc. I suppose one could call this a fee, but it is simply shown as part of the transaction. If the exchange rate were par (1 USD = 1 currency), the transaction would show on our account as a withdrawal of say $100.20 to $100.80 for the 100 currency I took from the machine.

Posted by
9 posts

Thanks. I have a CapOne CC with no foreign fees. I'll use my local bank debit card for ATMs

Posted by
2204 posts

Has CapOne updated your card to a Chip card? I believe that was across the board. I ask, because as I pointed out in another thread, they apparently are not accepting swipe cards there in most places, only chip (I don't think PIN matters). As this was 2014, we were not yet updated, so we wound up using cash only.

Posted by
3159 posts

You will need cash for lockers at palaces (coins) and also food vendors at Tivoli.

It is correct that swipe cards will mostly not be accepted, however if you get the right cashier they can get it to work. Mostly we used chip and sign.

Posted by
34 posts

Larry,

Did you have problem finding bank owned ATMs with you CapOne ATM card to avoid charges?

Thank You
KAthy

Posted by
9 posts

I am now back. We were there three weeks ago. We used our regular debit card and were totally fine. Our local bank doesn't charge ATM fees so using theirs was totally free. Their banks are easy to find, all over really.

We mostly used our CapOne card since it has no foreign fees. We kept a little cash just like in the US in case you buy a pizza from a tiny hole in the wall place that didn't take cards (which we did). Its really easy to spend money there.