The older banknotes and the 1000-krone banknote from the current series will be withdrawn from circulation on 31 May 2025. So, you have plenty of time to decide what to do with your cash.
Depending on which banknotes you have, you have three options:
- You can use the banknotes to pay in shops and when buying things from private individuals
- You can deposit the banknotes into your account via ATMs
- You can deposit the banknotes into your account at your own bank
You can read more about the options for each type of banknote below.
You are, of course, also welcome to keep older banknotes and 1000-krone banknotes as collector’s items. Just be aware that they are no longer legal tender after 31 May 2025.
1000-krone banknotes featuring bridges and archaeological finds (2009 series)
The banknote belongs to the latest banknote series and is legal tender until 31 May 2025. Up to and including this date, you can therefore use 1000-krone banknotes in shops, for cash payments between citizens, or you can deposit them into your account via ATMs and at your own bank – just as you have been able to do so far.
Shops and private trade:
You can generally use your 1000-krone banknotes to pay in shops. Please note that due to anti-money laundering rules, shops and other businesses are not allowed to accept cash payments of kr. 15,000 or above for goods or services. This applies whether you pay the amount in cash all at once or in installments.
You can also use your 1000-krone banknotes for private trade. However, you may find that many people either do not have enough change if you pay with large banknotes for small amounts, or that they are unwilling to accept large amounts of cash, preferring a digital payment or credit transfer instead.
ATMs:
At many ATMs, you can deposit as well as withdraw cash. You can therefore deposit your 1000-krone banknotes into your account via your bank’s ATMs. Please note that there are limits to the amount of money each ATM can accept.
Banks:
You can deposit your 1000-krone banknotes into your account at your own bank. Practices for depositing cash may vary from bank to bank. Visit your bank’s website to find out how your bank handles cash.
Please note that your bank has a duty to enquire about the money if there is any suspicion of money laundering. Read more about what to expect at the bank.
Banknotes featuring portraits and church art (1997 series)
Banknotes featuring portraits and church art (1997 series) are, in principle, still legal tender until 31 May 2025. However, in practice, the banknotes are difficult to use as a means of payment, as not everyone is aware that they are still legal tender. It may therefore be a good idea to deposit the banknotes into your bank account.
Shops and private trade:
The banknote scanners in most shops recognise banknotes featuring portraits and church art (1997 series). However, you may find that shop staff may have difficulty recognising the banknotes or that they are not aware that they are still legal tender. Please note that due to anti-money laundering rules, shops and other businesses are not allowed to accept cash payments of kr. 20,000 or above for goods or services. This applies whether you pay the amount in cash all at once or in installments. The Danish Government will table a bill aimed at reducing the limit for cash payments in stores etc. from the current kr. 20,000 to kr. 15,000.
If you use the banknotes for private transactions, you may find that those you are doing businesss with may have difficulty recognising banknotes featuring portraits and church art or that they are not aware that they are still legal tender.
ATMs:
At many ATMs, you can deposit as well as withdraw cash. Most ATMs are set to recognise banknotes featuring portraits and church art (1997 series). Please note that there are limits to the amount of money each ATM can accept.
Banks:
You can deposit your banknotes featuring portraits and church art (1997 series) into your account at your own bank. Practices for depositing cash may vary from bank to bank. Visit your bank’s website to find out how your bank handles cash.
Please note that your bank has a duty to enquire about the money if there is any suspicion of money laundering. Read more about what to expect at the bank.
Banknotes featuring portraits and landscapes, portraits and animals, and the substitution series (series from 1944 to 1972)
Banknotes from the substitution series (1944 series), banknotes featuring portraits and landscapes (1952 series) and banknotes featuring portraits and animals (1972 series) are, in principle, still legal tender. However, in practice, the banknotes are difficult to use as a means of payment, as not everyone is aware that they are still legal tender. It may therefore be a good idea to deposit the banknotes into your bank account.
Shops and private trade:
The banknote scanners in many shops do not recognise banknotes issued before 1997.
You might also find that many private individuals have difficulty recognising the banknotes or that they are not aware that they are still legal tender.
ATMs:
Many ATMs allow you to deposit cash, but very few of them will accept banknotes issued before 1997.
Banks:
You can deposit your pre-1997 banknotes into your account at your own bank. Practices for depositing cash vary from bank to bank. Visit your bank’s website to find out how your bank handles cash.
Please note that your bank has a duty to enquire about the money if there is any suspicion of money laundering. Read more about what to expect at the bank.
Banknotes issued before 1944
Banknotes issued before 1944 stopped being legal tender in connection with the banknote changeover in 1945 and have therefore not been legal tender since then. Today, the banknotes are only valuable as collector’s items and cannot be used as a means of payment in either shops or banks.
Greenland and the Faroe Islands
In Greenland, the same series of banknotes are used as in Denmark. When older Danish banknotes and the current 1000-krone banknote become invalid after 31 May 2025, these banknotes will thus also become invalid in Greenland.
The Faroe Islands have their own banknotes, which have the same value and format as the Danish banknotes. Like Denmark, older Faroese series of banknotes are also legal tender on the Faroe Islands. However, Faroese banknotes are not legal tender in Denmark, but they can be exchanged for Danish banknotes free of charge.
The recall of Danish banknotes does not invalidate the Faroese series of banknotes.