this post was submitted on 18 Mar 2024
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Hi,

My mother-in-law has a decent amount of cash in her house, mostly in 1000 DKK bills.

She is so afraid to take it to the bank because she doesn't know what to say about where she got it. She has just been saving up for years, and there's no illegal way she obtained it.

If we would like to exchange it for Euros or another currency, what is the best way to do that? Can I just walk into a currency kiosk or a bank and exchange 20k or 30k DKK, or is there a limit? Do exchange kiosks accept 1000 DKK bills?

Thank you in advance.


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The original was posted on /r/denmark by /u/S_igxx at 2024-03-18 11:45:40+00:00.

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[–] [email protected] 1 points 7 months ago (1 children)

TheDrunkenMoose at 2024-03-18 12:00:46+00:00 ID: kvey30p


Should be fine in the bank, especially if your Mother-in-law is older. I don't think anybody is gonna question it at all first of all, and if she's older, then the generation makes it seem even less likely they'll question her about it.

Someone else pointed out you can use it for big purchases too. Alternatively if she needs new furniture or anything just use that money.

[–] [email protected] 1 points 7 months ago (1 children)

Ju1c3TacticZ at 2024-03-18 13:19:02+00:00 ID: kvf7vp5


I couldnt deposit more than 10k a month with full receipts on how I obtained the cash. Doubt most banks will take a large cash amount regardless of how old you are.

[–] [email protected] 1 points 7 months ago

TheDrunkenMoose at 2024-03-19 07:59:49+00:00 ID: kvjt94z


An old lady depositing to her own account going..

"Oh I've just had my own little savings over the years!"

Literally nobody will bat an eye.

[–] [email protected] 1 points 7 months ago

LogicsAndVR at 2024-03-18 11:57:46+00:00 ID: kvexquy


If its below 50.000 kr, I would suggest taking them to the bank. It should not be a problem if its not a regular occurrence.

The money exchange places will also require identification, the same way the bank will.

She can also spend quite a bit of it during the next years time to reduce the sum.

[–] [email protected] 1 points 7 months ago

one-more-thingy at 2024-03-18 11:59:02+00:00 ID: kvexw0d


Just use the bank. Say that it's saved up over time. There's no need to make it weird or sketchy.

[–] [email protected] 1 points 7 months ago

Qaanaaq at 2024-03-18 11:52:24+00:00 ID: kvex50s


1000 dkk bills becomes noit useble in 2025.

And kiosk or shops are getting tired of exchanging 1000 dkk bills, so use them for big buys or go to the bank.

She can use them to pay, but go to bigger stores, they are more likely to have the cash. But do not buy for low amounts.

Plus the bank, the few that have cash should take them.

[–] [email protected] 1 points 7 months ago

cbhem at 2024-03-18 12:19:11+00:00 ID: kvf08gj


She is so afraid to take it to the bank because she doesn't know what to say about where she got it.

Well, they're legally obliged to ask, so either she can or she can't and whether the bank will accept the deposit or whether they will report it as activity that needs to be investigated will depend on it.

She has just been saving up for years, and there's no illegal way she obtained it.

It's on her to prove it isn't, so if she can't there may be a problem.

If we would like to exchange it for Euros or another currency, what is the best way to do that?

Can I just walk into a currency kiosk or a bank and exchange 20k or 30k DKK, or is there a limit? Do exchange kiosks accept 1000 DKK bills?

Currency exchange offices are subject to the same laws and have to pass audits too. Since Denmark is one of the most compliant countries in regards to anti-money laundering, it's unlikely that you will be able to exchange it without being able to account for it. If you can't account for it, the currency exchange office can't either and this is now their problem.

This is unfortunately the reality of digitization, that since we mostly no longer NEED cash, there's no longer any good reason to accept the risks associated with untraceable money (cash).

[–] [email protected] 1 points 7 months ago

LilanKahn at 2024-03-18 15:35:39+00:00 ID: kvftf0f


Go buy some goldbars

[–] [email protected] 1 points 7 months ago

Decent_Ad911 at 2024-03-19 10:10:04+00:00 ID: kvk3dyn


An easy work-around for this problem is to go to a normal danish store and pick up 1 liter of milk. Go to the clerk and pay with 1 thousand kroner note. They will pay you back in smaller notes. A very important part is to go to a different town, so the employees don't recognize you. Do it in at as many stores as possible in as short a time interval as possible. Remember to speak English.