When is the last chance to use or deposit the banknotes into my account?
Until 31 May 2025, you can use the banknotes as usual in stores and for private transactions, or you can deposit them into your account. During the period from 1 June 2025 to 31 May 2026 you will then be able to deposit older banknotes and 1000-krone banknotes into your account via Danmarks Nationalbank’s banknote exchange points. Details of how this can be done will be communicated during 2024.
What happens if I do not have time to use or deposit the banknotes into my account by 31 May 2025?
After 31 May 2025, the banknotes will be invalid as a means of payment and cannot be use in stores or deposited into your account. Individuals and businesses who have not had the chance to deposit their cash in their bank accounts, exchange them or use them in the shops before 31 May 2025 will have an opportunity to hand in the banknotes to Danmarks Nationalbank’s banknote exchange points. The specific detailed regulations and procedures for handing in the old notes and currency, including requirements in relation to anti-money laundering will be communicated 2024.
Can I pay with all older banknotes until 31 May 2025?
Older banknotes are a legal form of payment until 31 May 2025, but you might experience some shops, professionals and private individuals who do not recognise the older banknotes and therefore might refuse to accept the notes for practical reasons. The secured cash registers and closed cash register systems cannot accept many of the older notes. If you, are not able to use the older banknotes you have for shopping or generally in the retail business you can contact your bank with the purpose of depositing them in your bank account.
Can I keep some of the older banknotes if I want to?
You are welcome to keep the older banknotes and 1000-krone banknotes as collectibles. However, you should be aware that the banknotes will be invalid after 31 May 2025.
Is it possible to exchange old Danish banknotes and coins in Danmarks Nationalbank?
Older, damaged and recalled banknotes and coins must be exchanged via your own bank. Check your bank’s website to find out how it handles this.
As part of the recall of older banknotes and the 1000-krone banknote, Danmarks Nationalbank will establish at least two banknote exchange points where banknotes can be exchanged by individuals and businesses that have not had the opportunity to deposit them in their bank, exchange them in exchange offices or use them in the retail trade before expiry of the deadline on 31 May 2025. This could, for example, be citizens who do not have a bank account in Denmark or foreign citizens. The banknote exchange points will accept the recalled banknotes until 31 May 2026.
Danmarks Nationalbank’s banknotes exchange points are expected to open at the turn of the year 2024/2025 and will remain open until 31 May 2026. During 2024, Danmarks Nationalbank will communicate the addresses and opening hours of the banknotes exchange points as well as rules and conditions for using them.
Can I exchange my older banknotes for another currency?
In practice, there will be differences in how individual banks offer to exchange banknotes into another currency. Check your own bank’s website to find out how your bank offers to accept your banknotes. You will typically need to deposit the money into your bank account, after which you can order another currency as usual. Alternatively, you can hand in and exchange your banknotes for another currency with a bureau de change.
Can I exchange my banknotes anonymously?
Cash is an anonymous means of payment, but when contacting your bank, you will not be anonymous, as they must comply with the anti-money laundering rules.
FAQs
Below you will find answers to the questions we most often receive in connection with older banknotes and the 1000-krone banknote from the current series no longer being legal tender.