medborger_i_danmark_engelsk.pdf - Ny i Danmark

Managing your money95Many things toconsiderElectronic moneytransferAutomatic paymentof billsLooking after your private finances can bea complex matter. On the one hand, youearn wages or a salary or have otherforms of income. On the other hand, youhave to pay for accommodation, heating,electricity, food, clothing, etc. On top ofthat, you must pay tax on your income.A bank accountToday, many types of payments areincreasingly transferred electronically topeople’s bank accounts, for example,wages and salaries, cash payments, childbenefits and pensions. Most peopletherefore have a bank account.You can walk into any bank and open anaccount. If you have a bank account, youmay arrange for your bank to pay yourbills automatically directly from youraccount.You may also open a special budgetaccount for payment of your bills, or youmay open a savings account with a higherrate of interest than an ordinary depositaccount.Danish nationality not requiredBanks have no right to refuse to lend you money simply becauseyou do not have Danish nationality.Shops have no right to make Danish nationality a condition forgranting you credit or entering into a hire agreement with you.However, they are entitled to require that you have a regularincome and a permanent address in Denmark.Payment cardsIf the bank finds your financial situationsatisfactory, you may get a Dankort*.Thecard can be used for payment in mostplaces. After evaluating your creditworthiness,the bank decides whether tolet you have a payment card.Many shops have credit card facilities. Itis up to the individual shop to decidewhether to grant you a credit account.Loans and bank credit facilitiesMost banks are happy to provide loansand credit facilities to their clients. Butthey require you to have a reasonablystable income, and that your finances arein good order.If you are self-employed and have anirregular income, an overdraft facilitymight be a good solution. With anoverdraft facility, you can withdraw moneyfrom a basic account up to an agreedlimit. However, you should be aware thatthe rate of interest on an overdraft facilityis very high, and it is a precondition forobtaining an overdraft facility that thebank has assessed your creditworthinessand found it acceptable.The price of obtaining a loan differsdepending on the bank.The rate of interestdepends on the type of loan. It is thereforea good idea to check where you can getthe cheapest loan.DankortCredit card facilitiesWell-ordered financesnecessaryOverdraft facilityCheck out the marketECONOMY AND CONSUMPTION