A NemKonto is a normal bank account that a person or a company already has. The person or company chooses which account they want to use to receive payments from Danish public authorities and private companies that use the NemKonto System. This can include payments such as unemployment benefits, tax refunds and salaries.

The NemKonto System links an identification number with the account information for the chosen NemKonto. This means that the public or private sector payer does not need to collect bank account information from the recipient in order to make the payment.

Thousands of people change their NemKonto every month. This means that the NemKonto register will always have the most up to date account information, and that people do not have to contact several different authorities if they change their banks. They can simply get the new account assigned as their NemKonto, and payments will automatically be deposited into the new bank account.

The NemKonto System is not only easier for the payer and payee but is also more secure, as each individual authority does not need to know the bank account details for the recipients.

You can read more about NemKonto at www.nemkonto.dk/en