The short answer
Yes, an ApS needs a business account in practice. Unlike a sole proprietorship, an ApS is a separate legal person. Its capital has to be confirmed when it is registered, its money must not be mixed with the owner's, and as a company it is already covered by the requirement for digital bookkeeping. An account in the company's own name is how all three are met.
Running a sole proprietorship instead? The rules are looser. See Does a sole proprietorship need a business account?
Capital: 20.000 kr. and who confirms it
The minimum capital for an ApS is 20.000 kr. It was halved from 40.000 kr. in February 2025. It can be paid in cash or as other assets; assets come with their own valuation rules, so most small founders pay cash.
When the company is registered, someone has to confirm that the capital is actually there. That can be a bank, an accountant or a lawyer. With a bank it usually works like this: the money goes into an account for the company under formation, the bank confirms it, and the account is opened fully for the company once the registration is in place.
From founding to a working account
- 1 Prepare the founding document and articles of association.
- 2 Pay in the capital and have it confirmed by a bank, accountant or lawyer.
- 3 Register the company on virk.dk and receive the CVR number.
- 4 Open the company's everyday business account with the CVR number, MitID Erhverv and ID for the owners.
- 5 Connect the account to the bookkeeping system and, if you take card payments, point the settlements at it.
Expect the account provider to ask who owns the company, what it does and what turnover you expect. Under the anti-money-laundering act every bank and payment provider has to know its customer, including the real owners behind a company.
The company’s money is not yours
This is where most new ApS owners get into trouble, and it is why the account matters more than the founding. In a sole proprietorship, taking money out is just a private withdrawal. In an ApS, the company's money belongs to the company.
- Private expenses paid by the company can, as a rule, be an unlawful shareholder loan. It must be repaid and may be taxed as income.
- Money to you goes as salary, dividend or a genuine current account that your accountant keeps track of.
- Expenses you pay privately for the company are reimbursed against a receipt, so the bookkeeping shows both sides.
A separate account does not make any of this automatic, but it makes it visible. Everything on the company's account should be something the company can document.
If the bank says no
New companies used to struggle to get an account at all. Since 1 January 2025 businesses have a right to a basic business account. A bank can still refuse if identification is missing, if money laundering is suspected, or if a required permit is missing, but the refusal must be in writing with reasons, and it can be taken to a complaints board.
What it costs
The cheapest package at a Danish bank typically costs 135–289 kr. a month, plus 0–5.000 kr. to set up. An ApS with employees, several cards or many supplier payments usually needs more than the cheapest tier, so compare on the first-year total for your own usage. We compare the actual prices in What does a business account cost? and rank them in The cheapest business account.
SEJR Konto costs from 249 kr. a month, with the 3.500 kr. setup fee waived. The Business plan covers two accounts, five users and three cards, and the Enterprise plan covers a chain or several companies.
This guide describes the general rules. It is not legal or tax advice; ask your accountant or lawyer about your own company.
Frequently asked questions
Does an ApS need a business account?
Yes, in practice. An ApS is a separate legal person, and the company’s money has to be kept apart from the owner’s. The capital has to be documented when the company is founded, and that is usually done through an account in the company’s name.
How much capital does an ApS need?
The minimum capital for an ApS is 20.000 kr. It was lowered from 40.000 kr. in February 2025. Capital can be paid in cash or as other assets, and special valuation rules apply to non-cash contributions.
Who can confirm the share capital?
A bank, an accountant or a lawyer can confirm that the capital is in place when the company is registered with the Danish Business Authority. With a bank, the money is usually deposited in an account for the company under formation.
Can I use the company account for private expenses?
No. The company’s money belongs to the company. If the company pays your private expenses, that can as a rule be an unlawful shareholder loan, which must be repaid and may be taxed. Money from the company to you should go as salary, dividend or a genuine current account your accountant keeps track of.
Can the bank refuse to open an account for my ApS?
Since 1 January 2025 businesses have had the right to a basic business account. A bank can still refuse for missing ID, suspected money laundering or missing permits, but the refusal must be written and reasoned and can be taken to a complaints board.
What does a business account for an ApS cost?
The cheapest package at a Danish bank typically costs 135–289 kr. a month plus 0–5.000 kr. setup. SEJR Konto costs from 249 kr. a month, with the 3.500 kr. setup fee waived.
A business account for your ApS
SEJR Konto from 249 kr. a month with the setup fee waived. We fetch the company from the CVR register, the application takes a few minutes, and nothing is binding until you have seen the terms.