Send money from Canada to a Saxo Bank account in Denmark

Saxo Bank, Denmark

Saxo Bank Limited is a Danish investment bank specializing in online trading and investment. This was initially known as Midas Fondsmæglerselskab in 1992 as a brokerage firm. It was changed to Saxo when it obtained its banking license in 2001. This bank operates as an online broker with a bank license but does not offer traditional banking products.

Though its headquarters is located in Copenhagen, Saxo Bank has offices in other countries like Tokyo, Zurich, Singapore, Dubai, London, Paris, and India.

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How to Send Money to Saxo Bank in Denmark

The process of sending money from Canada to Denmark using RemitBee is very simple. Here are the five steps you need to do:

  • Download the RemitBee app to your phone or visit RemitBee’s website. Sign up for an account. Afterwards, you will get a private RemitBee Wallet and a secure account in our system.

  • Provide the information requested about you, such as your full name, occupation, and address. You should also verify your email and contact number.

  • Choose Denmark in the options of the country you will send the money to. Enter the amount in CAD you will send.

  • Provide the information requested about your beneficiary, such as their full name, phone number, and bank account details.

  • Go over the information you provided. Once everything is accurate, click “Confirm.” RemitBee will do the rest. You and our beneficiary will be notified when the fund is deposited into their account.

What are the benefits of sending directly to Saxo Bank?

You get plenty of advantages when transferring money to Danish accounts using RemitBee. Here are some of them:

  • It’s cheap. When you send money over $500, we won’t charge you any transfer fees!

  • It’s faster. 99% of our online transactions to Danish banks are received the same day.

  • It’s convenient. Since our services are 100% online, you don’t need to go to the bank or remittance center. You can send money anytime, anywhere with your phone or laptop.

  • Your recipient can access the money you sent once it is deposited to their Saxo Bank account.

What information you’ll need to complete the transfer

If you want a fast, convenient, and secure money transfer experience using RemitBee, make sure to provide accurate information about your beneficiary:

  • Legal full name

  • Name of the recipient bank

  • IBAN – International Bank Account Number

  • Bank account number

How Remitbee calculates the CAD to DKK Exchange Rate
We try to keep our fees as low as possible and assess rates daily to bring you the most competitive Denmark Rupee exchange rates on the market. There are small fees when you choose to use bill, Interact or debit card payment methods, but you can also use the Remitbee Wallet without paying fees at any time. We are upfront about any fees, and you can see them in the application before you send money to Denmark.
How international money transfers work
International wire transfers take place using the SWIFT network. Transfer instructions are sent from the sender’s bank to the recipient’s bank and any fees are assessed before the transfer is approved. One of the banks will calculate the exchange rate CAD to DKK, and the money is moved between accounts.

Send money to all major Denmark Banks

Check our refer and earn program!

Get $20 for every successful referral while the referred person gets $10 towards their first transaction. Use your unique referral code to invite your friends and register with it. Once they send their first transfer of at least C$200 or exchange at least C$1,000, you’ll get C$20 credited to your RemitBee account. There is no limit on the number of referrals you can make so the earning potential is endless! So, keep referring and earning with RemitBee.
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Frequently Asked Questions
Yes, you can.
You can choose to pay using Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.
The transfers typically take upto 1 business day
If you verify your identity on our platform, you can send up to 9,000 CAD per day, with a maximum of 50,000 CAD per month.

Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees:

  • Interac Online - $2.99
  • E-transfer - Free
  • Bill Payment - Free
  • Electronic funds Transfer - Free
  • Visa or Mastercard Debit - $2.99+
  • Saxo Bank NEFT charges

The maximum CAD to DKK remittance transfers will depend on your verification level, so it is important to do the one-time verification process of verifying your account when you sign up.

  • The minimal Verification Level 1 allows you to send only 50 CAD daily, and up to 500 CAD monthly.
  • We recommend Verification of Level 2. It will allow you to send up to 3,000 CAD daily, and up to 25,000 CAD monthly.
  • For users who need to transfer larger amounts of money we also have a good option – Verification Level 3. It allows you to send 9,000 CAD daily, and up to 50,000 CAD monthly.

We are also working on Verification Level 4 to provide our customers with even higher sending limits.

Remember, verification is a one-time process. Once you have been verified, there is no need to provide any other documents.

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Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.
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