Spar Nord is Denmark’s sixth‑largest bank and—according to Aalund’s Bank Barometer—one of the country’s best‑rated lenders for corporate customers, posting a Net Promoter Score (NPS) of 52 in 2024 Срнав. But is a Spar Nord business account the right choice for your startup, freelance practice or cross‑border scale‑up?

In this guide we unpack pricing, cards, online banking tools and real‑world pros & cons, then benchmark Spar Nord against digital rivals like Revolut, Lunar and Wise. By the end you’ll know whether to book an appointment—or choose a faster, lower‑fee alternative.

Quick Overview: Is Spar Nord Right for Your Business?

Because the bank tailors each package, Spar Nord accepts almost any Danish‑registered entity: sole proprietors, ApS/IVS companies, holding structures and even foreign‑owned SMEs—provided you have a local CVR number and pass AML checks thedanishdream.com.

Unlike most Danish business banking, you won’t find a one‑size‑fits‑all price list. Instead, an adviser maps your payment volume, export markets and credit needs, then builds a bespoke bundle of accounts, FX tools and cards. This concierge model underpins Spar Nord’s seven‑time “most satisfied business customers” crown since 2017.

Key Features of Spar Nord Business Account

Before diving into the nitty‑gritty of fees, let’s spotlight what you actually get.

Multichannel Service

• Dedicated adviser for lending, cash‑flow and import/export hedging
• 60 physical branches plus Danish/English online banking and NemID/MitID login

Payments & FX

• Domestic same‑day clearing via NemKonto, Strak or SWIFT
• Forward contracts and multi‑currency accounts for 10+ majors (contact desk for exotic pairs)

Cards

Spar Nord issues fees on request, but customer quotes confirm the above ranges for 2025. One adviser noted debit issuance “from 200 DKK per card” while Premium Corporate “is just under 1,900 DKK annually.”

Funding & Investment

• Overdrafts, factoring, VAT bridging loans
• E‑Markets platform to trade equities, bonds and green bonds directly from the business account

After this feature set, the obvious question is price transparency.

4. Fees & Pricing Structure

Pricing at Spar Nord is as bespoke as Danish tailor‑made suits. There is no public tariff for the core business package—only PDFs detailing general terms and FX spreads.

Typical costs (based on client quotes 2024‑2025):

Below is a quick reference list; confirm exact figures with your adviser.

• Account maintenance: 99–249 DKK/month
• Domestic transfers: 2–4 DKK each
• SEPA/SWIFT transfers: 40–120 DKK + FX spread
• Visa debit issuance: 200 DKK (one‑off)
• Gold corporate card: 995 DKK/year
• Premium card: 1,895 DKK/year

Because Spar Nord insists on a personal meeting or video call before quoting, you should request at least two competitor offers first—especially if foreign‑currency volumes exceed €20k/month.

A consultative approach is perfect for complex cash‑flows but frustrating for founders who need an instant online quote.

Pros & Cons of Spar Nord Business Account

A brief list captures the trade‑offs best.

✅ Advantages

• Individual pricing beats flat packages for high‑volume exporters
• Branch network for cash or document services
• Top‑tier customer satisfaction and NPS 52
• Broad lending menu—including green financing and EIB‑backed growth loans

⚠️ Drawbacks

• No online sign‑up; physical KYC appointment required
• Lack of public fee sheet complicates business bank comparison Denmark
• Slower onboarding for non‑resident owners (2‑4 weeks)
• Card fees higher than digital‑only rivals

These points set the stage for evaluating the competition.

Best Alternatives to Spar Nord Business Account

Before settling on any bank, savvy entrepreneurs compare at least one fintech and one legacy institution.

🔹 Revolut Business

Revolut offers multi‑currency IBANs, metal debit cards and bulk FX at interbank rates, with plans from 85 DKK to 770 DKK per month Revolut. Its Danish entity holds an EU banking licence—handy for SEPA payroll.

🔹 Lunar Business

Fully digital Danish neobank; pricing ranges 289–589 DKK/month with zero setup fee on two tiers. No multi‑currency yet, but mobile UX is stellar.

🔹 Danske Bank

Denmark’s largest bank keeps monthly packages transparent—99, 199 or 299 DKK—yet charges 2,500–5,000 DKK opening fees. Good fit for local‑only SMEs.

🔹 Wise Business

Not a bank but a regulated e‑money firm; supports 40+ currencies and mid‑market FX from 0.41 % Wise. Perfect for SaaS exporters billing USD/EUR.

Comparison Table: Spar Nord vs. Key Competitors

The next table crystallises fee structures and ideal use‑cases in one glance.

Tables simplify complexity, but always verify live fees before you decide.

How to Choose the Right Business Account in Denmark

When picking between Spar Nord business account and its rivals, weigh these five factors:

1. Budget sensitivity – Flat low fees favour Wise; bespoke pricing suits cash‑rich exporters.
2. International activity – Multi‑currency and cheap FX point to Revolut/Wise.
3. Company structure – ApS/Holding firms often benefit from Spar Nord’s lending desk.
4. Digital vs. branch – Need cash services? Choose a brick‑and‑mortar bank.
5. Support & advisory – If strategic advice matters, Spar Nord’s relationship model wins.

If you’re a deep‑tech startup chasing venture debt, combine Spar Nord for loans with a fintech wallet for day‑to‑day FX.

A Spar Nord business account offers relationship banking, flexible lending and Denmark’s happiest corporate customers—but at the cost of opaque pricing and slower onboarding. Digital challengers like Revolut and Lunar deliver instant sign‑up and predictable monthly fees, while Wise excels at low‑cost global payouts.

In short, choose Spar Nord when you value personalised advice and local credibility; pick a fintech when speed, transparency and multi‑currency reign supreme. Either way, Denmark’s SME banking scene has never offered more choice—use it to build the financial stack your company deserves.