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Cost calculator

You can use the calculator to get an estimate of currency conversion costs before you make a transaction. The calculator uses the reference rate of the European Central Bank (the ECB). In this calculation the currency conversion costs mean the difference between the Mastercard / Visa Wholesale rate (including the mark-up) and the reference rate of ECB. You will get the difference in percentage and in euros.

Cost calculator

You can use the calculator to get an estimate of currency conversion costs before you make a transaction. The calculator uses the reference rate of the European Central Bank (the ECB). In this calculation the currency conversion costs mean the difference between the Mastercard / Visa Wholesale rate (including the mark-up) and the reference rate of ECB. You will get the difference in percentage and in euros.

 

This calculation is based on your card being a Mastercard

 

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ECB reference rate

The ECB publishes reference rates for the following European currencies once a day: CHF, CZK, DKK, EUR, HUF, ISK, NOK, PLN, SEK, BGN, HRK, RON. The rates are not intended to be used in market transactions, but are published for information purposes only.

ECB

The European Central Bank (ECB) is the central bank of the eurozone. The ECB is responsible, among other things, for the euro and sets and implements the monetary policy that determines the value of the euro together with the national central banks of the eurozone countries.

Card payments abroad

The EU Cross-Border Payments regulation requires all banks to inform their customers of the charges they pay when they use their cards to make payments in another currency in the EU and in Norway, Lichtenstein and Iceland (the EEA countries). The regulation aims to ensure greater transparency for customers on certain charges for card transactions in the European Economic Area (EEA).

EEA currencies: CHF, CZK, DKK, NOK, EUR, SEK, BGN, GBP, HUF, ISK, PLN, HRK, RON

TEXT MESSAGE

Questions and Answers

  • Danske Bank is required to inform you about our mark-up when you use your card abroad to make a payment in an EEA currency.

  • The text message contains information about the mark-up you pay to us when you make a payment in an EEA currency. The mark-up is stated as the percentage mark-up over the European Central Bank (ECB) reference rate.

    The ECB rate is a reference rate and not the rate used by Danske Bank for card transactions. We use MasterCard and Visa rates for conversion of card payments (depending on the card you use), and you may therefore find that there is a small difference between the mark-up stated in our text message and the mark-up stated in our price list. There are no changes to fees and charges. Please note that exchange rates change on an ongoing basis, so the rate may have changed when your payment is booked.

  • You will receive a message if you have a credit card, a debit card or a corporate card with personal liability and we have your mobile phone number. You can always register or update your mobile phone number via Danske Mobile Banking or Danske eBanking.

  • You will receive a text message the first time you use your card to make a payment (at a physical point of sale or online) or an ATM withdrawal in an EEA currency other than the currency of the card account.

    Once you have received the first text message, you will not receive additional messages over the next 30 days if you make further payments or ATM withdrawals in the same currency using the same card.

    You will receive the text message as soon as Danske Bank has approved the transaction. If you have the option of paying in EUR or the local currency, and you choose EUR, you will not receive a text message from Danske Bank. If you pay in EUR, the payment recipient/ATM owner will do the currency conversion, and you may have pay a higher exchange rate mark-up.

  • Yes, you can stop receiving the text messages by sending a text message with the text “STOPCCY” to 12581. If you opt out of receiving the text messages, this applies to all cards issued to you by Danske Bank.

    You can always re-register for the service by sending a text message with the text "STARTCCY" to 12581.

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