NemKonto in a Danish Financial Institution

Companies have the option to assign a NemKonto as an account issued by one of the financial institutions listed below:

1. Danish banks
2. Danish payment institutions
3. Danish e-money institutions
4. EU/EEA credit institutions
5. EU/EEA payment institutions
6. EU/EEA e-money institutions
7. Faroese and Greenlandic banks
8. Faroese payment and e-money institutions
9. Credit institutions outside of the EU/EEA

According to the Danish NemKonto Act, a NemKonto can only be assigned to accounts in financial institutions that are subject to financial regulation.

Therefore, you should be aware that some financial institutions do not live up to the necessary requirements. This may affect whether the institution is required to comply with special security and supervisory regulations that apply to other financial institutions.

If you are unsure whether the financial institution you wish to use for your NemKonto is subject to financial regulation, you can search for the institution in the Danish Financial Supervisory Authority’s company register.

Please note that the Financial Supervisory Authority’s company register does not provide a complete overview of all financial institutions that can be used for NemKonto.

Companies should be aware that most financial institutions require companies to open a business account before a NemKonto can be designated.

1. Contact the financial institution (e.g., bank) where your company already holds a bank account, or open a new account if necessary.

2. Ask the financial institution to designate the account as the company’s NemKonto.

Note that not all financial institutions are able to designate a NemKonto for companies. You can find an overview of financial institutions that can assign a NemKonto for companies here.

If your company is a client in a financial institution, which is not listed in the overview, you can submit a NemKonto application to the Danish Agency for Digital Government. This will typically apply to financial institutions located abroad. You can read more about the process on the page NemKonto in a foreign financial institution.

Companies with SE or P numbers can assign a NemKonto to each unit. Please note that the public authority determines whether a payment can be made using the SE or P number as a reference.