How to Pay for Property in Denmark from Abroad: Deposits, Escrow, Currency & Timeline

Quick answer

Deposit: send to the agent’s or solicitor’s client (escrow) account with the exact contract reference. Completion funds: DKK settlement → SWIFT to the DKK account; EUR settlement → SEPA to Danish IBAN. FX timing: convert before dispatch or book a forward; send early to meet the value date on your completion statement.

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Who holds the money and when it is released

Funds sit in a regulated client/escrow account until conditions are met. Release follows document execution, clearance of encumbrances, and agreed handover. Keep your remittance text contract-based for instant reconciliation.

Match currency to rail: SEPA vs SWIFT

Let settlement currency drive the rail: DKK → SWIFT with agreed charge type (OUR if seller must receive full amount; otherwise SHA), and EUR → SEPA for predictable fees and timing. Record currency, rail, charges, and expected net amounts in the completion statement to avoid disputes.

FX planning that protects your budget

Fixed date: book a forward and pre-fund a DKK/EUR balance. Flexible window: convert in two to four tranches to average the rate. For “deposit + completion”, pre-convert the deposit early and hedge the remainder with a forward ladder aligned to the SPA schedule.

The document pack that clears bank screening

One indexed PDF: 1) passport + proof of address (or company extract + beneficial ownership), 2) SPA/addenda + completion statement, 3) source-of-funds evidence (payslips + tax returns, dividend resolutions, or asset-sale agreements with bank statements), 4) FX confirmations, 5) escrow instructions and a simple release protocol. Consistency of names and amounts across documents speeds compliance.

Payment narratives that get matched instantly

“Deposit per SPA [Number], Property [Address/ID]”; “Completion payment, SPA [Number], Copenhagen”; “Fees & taxes per statement [Date]”. Avoid vague text like “property payment”. If taxes/fees are separate, send distinct transfers with distinct references.

Timeline from offer to keys

1) Accepted offer & instructions. Confirm currency, rail, charges, cut-offs; copy the exact reference text. 2) Contract & statement. Put all items on one completion statement with net figures/dates. 3) FX & limits. Request limit uplifts 24–48h ahead; lock forwards or plan tranches. 4) Deposit wire. Send in the morning; share proof (SEPA end-to-end ID or SWIFT MT103). 5) Completion week. Reconfirm details; value funds the business day before if timing is tight. 6) Registration. Agent/solicitor files registration and pays due fees from the client account.

Common mistakes — and quick fixes

Vague/missing references: always include SPA numbers and property IDs. Late FX decisions: forward for fixed dates or tranches for flexible timelines. Typos in names/accounts: copy-paste from official letters. Splitting without consent: only with written approval + distinct references. After cut-off sends: transmit early; avoid weekend edges.

VelesClub Int., together with our partner UNIBROKER, supports clients with secure international payments and end-to-end property completion workflows for Denmark and other destinations.