Important information before you fund your account!
- If you fund your account in a different currency, currency conversion fees may apply.
- Your deposits must come from a bank account in your name; Saxo Bank does not accept third-party payments.
- Your first funding needs to come from a bank account in your country of residence. You can add another country for deposits and withdrawals after your first deposit by submitting an approval request. Read more: Additional questions you might have.
- Some funding methods are only available in certain countries. For example, Quick payment is only available to clients with a Danish bank account.
To find the different options to deposit cash into your Saxo account:
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SaxoInvestor: Click the main menu
> Deposits and transfers > Deposit funds
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SaxoTrader: Click on the main menu
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SaxoTrader for desktop: Click the main menu
Do you want to know more about the funding methods we offer? You can learn more about them below.
Different funding methods
Funding with a bank transfer
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Click on the main menu
- Select the Saxo account ID you want to fund.
- Select the currency you want to transfer from your bank. Please note: Transfers made in different currencies will be eligible for a currency conversion. Read more below under Additional questions you might have.
- Follow the instructions listed in the module to complete the transfer.
SEPA instant payments
Your bank must be opted in for SEPA instant transfers. Read more about SEPA instant transfers.
Please note: SEPA instant transfers are not applicable to tax wrapper or pension account transfers.
Funding with a digital bank transfer
You can fund your account with a digital bank (also known as a 'neobank') and payment providers such as Revolut or Wise. However, your first funding must come from a bank account that we can verify is held in your name in your country of residence.
We will find it easier to verify the origin of funds when you use a traditional bank account, so we recommend making your first funding with a traditional bank account in your name.
Read more: Can I fund my account using a digital bank or payment provider, such as Revolut or Wise?
Funding with a credit/debit card transfer
You can fund your account with a credit/debit card transfer by following the instructions below.
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Click on the main menu
- Choose the card type that you wish to use followed by the amount you would like to transfer.
- Enter the card details: card number, card owner’s name, expiry date, security code (CVV/CVC) and billing address. You can then complete the transfer by clicking ‘Make Payment’.
More about credit/debit card funding
Please be aware that we have restrictions on credit/debit card funding based on the client's country of residence. This means that card funding may not be available on your account. You can download our Saxo Credit and Debit Card Payment factsheet to find the full list of allowed countries.
If you think that your account should be enabled for credit and debit card payments, please contact Support.
Funding with Quick payment (only in Denmark)
To fund your account with Quick payment, you must have your Saxo account linked to a Danish bank account in your name from which you want to transfer money:
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SaxoTrader: Click the main menu
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SaxoInvestor*: Click the main menu
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SaxoTrader for desktop: Click on the main
menu
You can then click to connect a new bank account and follow the necessary steps. (Note: A MitID will be required to authenticate this process.)
If you have already deposited money from your Danish bank account to your Saxo account, the bank account has already been linked to your Saxo account.
To make deposits with Quick payment:
- Select the associated bank account from which you want to transfer money.
- Select the Saxo account to which you wish to deposit an amount.
- Click on 'Send'.
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Complete the payment by logging in and confirming with MitID.
More about Quick payments
- You can only deposit into your Saxo accounts in DKK and from Danish banks with Quick payment. Currently, Quick payment is only available to clients who are funding their Saxo account from their Danish bank.
- The maximum deposit amount with Quick payment is 7,5 million DKK.
- You cannot pay into your Aktiesparekonto with Quick payment. Read more: Aktiesparekontoen - Frequently Asked Questions
- You may be subject to negative interest if you invest or move funds that have not yet been booked. Read more about this in our article What is 'value date'?
Additional questions you might have
Do you have some questions about funding your account? You can find a list of FAQs below.
Funding with another currency
Opening a sub-account in a currency different from your main account
If your main account is in a certain currency (for example, EUR) and you want to fund it in another currency (for example, USD) to avoid the conversion fee, you can open a sub-account in USD. You can then send your USD directly to the sub-account without the conversion fee.
Funding from outside your country of residence
For more information, read How can I add another country for funding outside of my country of residence?
Funding fees
Saxo does not charge fees for cash transfers. However, fees may be charged by intermediary banks or other parties involved in the transfer process, such as the sending or receiving bank. Saxo executes all payments as shared payments, which means that you are responsible for any fees charged by other banks used to send money to or from your account.
When you fund your account from another country or in a different currency, one or more intermediary banks may be involved in processing the payment. If these banks deduct their own fees, the amount credited to your Saxo account could be lower than the amount you originally sent.
Deposit transfer times
The time it takes for funds to reach your Saxo account depends on the payment method and the country from which the transfer is sent.
As a general guideline, domestic transfers from your country of residence typically arrive within 1-2 business days. International transfers may take 2-5 business days, depending on the banks and payment networks involved.
Please note that processing times can vary and may be affected by factors such as bank holidays, intermediary banks, and local banking procedures.
Read more: How long does a money transfer take?
Your account is temporarily restricted
If your account is restricted due to missing client information, you may be unable to add funds or open new positions until the information is updated. As Saxo Bank does not accept third-party payments, we need to verify that your funds come from an account in your name.
Read: How does the ‘Client information update and verification’ process work?
Aktiesparekonto funding limits
If you are using a Danish Stock Savings Account (Aktiesparekonto), deposits may be rejected if they are greater than the current yearly funding limits.