How do I open a savings account?

Are you a new customer?

1. Sign up as a customer via this link using MitID, and answer a few questions.
2. You'll automatically be assigned a free BASIS account with no lock-in period and a variable interest rate.
3. Deposit into your BASIS account from an account in your own name at a Danish bank (see account number details below).
4. Once the funds are in your BASIS account, you can open a savings account in Netbank — see the steps for existing customers below.

Are you already a customer?

1. Log in to Netbank.
2. Click "New" on the homepage, and choose a KOMPAS FAST or KOMPAS VARIABEL account that suits your needs.
3. Enter the amount you want to deposit when creating the account. The amount is transferred automatically from your BASIS account as soon as it's fully available — you don't need to move the money yourself.
   • If the funds are already in your BASIS account, the transfer happens automatically right away.
   • If not, you have up to 10 days to transfer the amount from your own bank.
4. If the amount isn't received within 10 days, the newly created savings account is automatically closed.

Finding your BASIS account number

Log in to Netbank and click "Deposit" on your BASIS account — this shows both the registration and account number, which you can copy and use for transfers from other banks.

When transferring to your BASIS account from another bank:

The transfer must come from an account in your own name at a Danish bank. Note that Banking Circle — not kompasbank — will appear as the recipient once you've entered the registration number. This is because we use Banking Circle as our partner for accounts and payments. Read more about Banking Circle.

Good to know:

• • You can't transfer money from BASIS to a savings account yourself — it happens automatically
  • You can't add more money to a savings account once it's been created
  • If you want to deposit a different amount, you'll need to open a new savings account