A euro credit into a Danish bank account
Grey does not convert to Danish krone. Euro leaves your balance in Ireland and reaches the Danish IBAN at Danske Bank, Nordea Denmark or Jyske Bank as a euro credit through SEPA, typically within minutes. Whether that is the right route depends entirely on what your recipient does with euro, which this page sets out before you start.
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What arrives in Denmark, and in what currency
Denmark kept its own currency, and Grey does not pay out in it. The credit that lands at Danske Bank, Nordea Denmark or Jyske Bank is in euro. Converting it into krone, if krone is what is needed, is done by the Danish bank on its own terms.
For a good number of the people sending on this corridor that is no trouble at all. Danish businesses that trade with Ireland quote and settle in euro. An Irish engineer in Copenhagen, or a Dane who worked in Dublin, often keeps a euro account for exactly this reason. In those cases the euro stays euro and the transfer is as clean as one inside the eurozone.
For a student in Aarhus paying krone rent, it is less tidy, because the number that decides what the rent costs is set by their bank rather than shown to you in Dublin. Better to know that now than to find it out from a statement.
How the transfer to Denmark goes
Create your account
Grey accounts are free and take roughly five minutes to open with a valid identity document.
Load euro
A SEPA transfer from your Irish bank puts euro on Grey. That euro is what Denmark will receive.
Pay the Danish IBAN
Enter the Danish IBAN, look at the fee, confirm. The euro credit posts to their account and any krone conversion is theirs to make.
The two prices on an Ireland to Denmark transfer
The second price only exists if krone is needed. It belongs to the Danish bank and is applied after the euro arrives, which is why this page will not quote you a total. Ask your recipient what their bank does with an inbound euro credit, particularly if you are planning a standing monthly amount.
Where they hold euro, there is no second price. An Irish firm paying a Danish supplier that invoices in euro pays Grey's fee and nothing else.
Rate, and why there usually is not one
Euro out of a euro balance involves no Grey exchange rate. The figure confirmed in Ireland is the figure credited in Denmark.
A rate appears only when you fund from dollars or sterling on Grey, and it is shown before you accept and fixed once you do. Nothing that happens afterwards changes the euro amount your recipient receives.
Grey set against an Irish bank paying Denmark
An Irish bank will usually offer to send krone and take the conversion itself, which is the real alternative here and worth pricing. Grey takes a different line: a euro credit, the fee shown when you type the amount, SEPA delivery typically within minutes, and the payment visible until it settles in Denmark. The right answer depends on whether your recipient wants euro or krone in the end.
How the credit appears in Denmark
A euro credit posted to their Danish account with your reference attached. They do not open anything, download anything or register for anything.
Danish banks
Danske Bank, Nordea Denmark, Jyske Bank and other Danish banks, reached by IBAN.
The currency that lands
Euro. Krone only if their bank converts it for them afterwards.
Timing
From a funded euro balance, the SEPA credit typically arrives within minutes.
Ways to get euro into Grey in Ireland
The Danish end has no bearing on how you fund. If you already move small amounts through Revolut, treat Grey as the account for payments that must arrive at a named Danish bank with a reference.
SEPA from home
AIB, Bank of Ireland, Permanent TSB, An Post Money or a credit union account.
Dollars from abroad
Paid into your USD account provided by Lead Bank, then converted once into euro.
Existing euro
Whatever is already on Grey can fund the Danish credit immediately.
Save the Danish IBAN with the supplier or family name attached, and the next transfer is down to typing an amount.
What this corridor is used for
Supplier and contractor payments
Irish firms paying Danish engineering, food and design suppliers that invoice in euro.
Working in Copenhagen
Irish people posted to Danish pharma, shipping and wind energy employers who keep costs at home in euro.
Danes living in Ireland
Sending money back to a euro account held alongside a krone one in Denmark.
Study abroad
Support for a student in Copenhagen or Aarhus, where their bank handles the krone conversion.
Ireland and Denmark trade a good deal for two small countries, and a fair share of that trade is already invoiced in euro. That is where this route does its best work.
Why send to Denmark with Grey
Grey moves euro to Denmark and stops there. For euro invoices and euro accounts that is quick and clearly priced. For krone spending money, the rate is decided at a Danish counter you cannot see from Dublin, and it is better to say that plainly.
Open the account, keep euro on it, and pay the Danish IBAN when the invoice or the monthly transfer falls due.
FAQs
Can Grey send Danish krone from Ireland?
No. Grey delivers a euro credit into the Danish IBAN through SEPA. Krone conversion, if needed, is done afterwards by the recipient's bank.
Which Danish banks accept the euro credit?
Danske Bank, Nordea Denmark, Jyske Bank and other Danish banks reached by IBAN. Your recipient needs no Grey account to be paid.
Who sets the rate when euro becomes krone in Denmark?
The Danish bank does, after the credit lands. Grey cannot show that rate in advance, which is why large regular amounts deserve a conversation first.
Who is a euro credit to Denmark actually good for?
Danish suppliers who invoice in euro, businesses trading with Ireland, and anyone in Denmark keeping a euro account beside their krone account.
Is this a poor choice for a student in Aarhus?
It can be, since their rent is in krone and their bank decides the conversion. Check what that bank charges before setting up monthly transfers.
How long does the credit take to reach Copenhagen?
From a funded Grey euro balance, SEPA credits to Danish banks typically arrive within minutes and are trackable until they settle.
Does Grey charge to convert euro for a Danish payment?
No conversion happens on Grey's side when you send euro from a euro balance. The fee is displayed before you confirm.
Can an Irish company pay a Danish supplier in euro?
Yes, and that is the strongest use of this corridor. Enter the Danish IBAN and reference so the invoice number arrives with the money.
Should I use my Irish bank if krone really is required?
Compare first. An Irish bank may convert and send krone itself, so price both routes on what actually reaches the Danish account.
What if I hold dollars on Grey rather than euro?
They convert once into euro at the rate fixed on confirmation, and Denmark still receives a euro credit rather than krone.
Will my recipient in Denmark see my reference?
Yes. The euro credit posts to their Danish account with the reference you entered, which helps when it settles a specific invoice.
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