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.
Danmarks Nationalbank has opened three banknote exchange points in Aarhus, Odense and Copenhagen. The banknotes that will be invalid can be exchanged here until 31 May 2026. That is up to one year after the banknotes become invalid as legal tender.
Read more about this opportunity under the next question: What happens if I do not have time to use or deposit the banknotes into my account by 31 May 2025?
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 used 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.
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.
I do not have a Danish bank, can I send banknotes to Danmarks Nationalbank?
No, it is not possible to send banknotes to Danmarks Nationalbank.
Danmarks Nationalbank has opened three banknote exchange points in Aarhus, Odense and Copenhagen respectively. The banknotes that will be invalid can be exchanged here until 31 May 2026. That is up to one year after the banknotes become invalid as legal tender.
Indløsning af kontanter kræver fysisk fremmøde, udfyldelse af skriftlig erklæring og fremvisning af billedlegitimation. Det vil ikke være muligt at sende kontanter til Nationalbanken, og andre kan ikke indløse sedlerne for dig.
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.
What does it mean to keep as collection’s item?
There are many people who collect banknotes. Older banknotes can therefore be interesting for some to keep in a collection. Older banknotes may also among collecters have a another value than the nominal value.
How do you know if an old banknote is worth a lot of money?
There can be many things that come into play – for example, the age, propagation, and condition of the banknote. If you are interested in getting a specific assessment, please contact an expert in the field, e.g. a coin dealer. Danmarks Nationalbank does not provide estimates of any total value.
As a collector of banknotes, is it possible to buy some of the older banknotes, when they reach Danmarks Nationalbank?
No, that is not possible.
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.
Danmarks Nationalbank has opened three banknote exchange points in Aarhus, Odense and Copenhagen respectively. The banknotes that will be invalid can be exchanged here until 31 May 2026. That is up to one year after the banknotes become invalid as legal tender.
Read more about the banknote exchange points.
Please notice: It is not possible to exchange banknotes and coins at Danmarks Nationalbanks address at Langelinie Allé.
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.
There may be differences in where, how and when your bank offers to handle banknotes. Check your bank's website to find out how offer to accept them. In most cases, you will need to deposit your 1000-krone banknotes in your bank account, for example using a cash machine with a deposit function. Afterwards, you can withdraw your money in smaller banknotes.
Can I exchange my cash for smaller notes at Danmarks Nationalbank's exchange points?
Private individuals can exchange up to kr. 5,000 for new banknotes. You can also choose to have the money deposited in your bank account. Amounts greater than kr. 5,000 will be transferred to your bank account. After this, you can withdraw the money in cash at your bank or in ATMs.
If you exchange the money on behalf of a business, the money will always be transferred to a bank account.
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.
Danmarks Nationalbank’s three banknote exchange points are subject to the applicable anti-money laundering regulations. Therefore, if you want to exchange cash, there will be similar documentation requirements as at banks.
Cash exchange requires physical attendance, completion of a written declaration and presentation of photo ID. It will not be possible to send cash to Danmarks Nationalbank and other people cannot exchange the banknotes for you.
Can my bank charge a fee for exchanging banknotes?
It is not illegal for banks to charge fees for various services. Fees for cash services, including handling of called bills, may vary from bank to bank
Frequently asked questions
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.