Banking in the Netherlands
What is the currency in the Netherlands?
Can you explain the numbering conventions used in the Netherlands?
How can I open a bank account?
What are the requirements to open up a bank account?
What are the accounts and services offered by banks?
How does a current account operate?
How do I use my PIN card?
A bank card is in the Netherlands often referred to as pin card or pin pass and can be used for wireless payments as well.
At the kassa (check-out points) in most shops in the Netherlands you will see a small numeric keypad. To pay with your debit card, insert the card and enter your PIN code (Personal Identification Number). The amount that you have spent will be debited from your account immediately. When making small payments, you can simply hold the card against the reader to pay – rather than inserting a card into the chip and PIN machine and entering a PIN code. This is called wireless paying. In just a few seconds, the wireless payment will be completed and the lights on the reader will illuminate, confirming that the transaction has been approved. For higher amounts you can also use the contactless payment feature, but you will have to enter your pin code.
You can also use the PIN card at a bank cash machine. The withdrawal limit may be lower if the cash machine is not from your own bank and you may incur a service charge. Your PIN card and PIN code are also needed to operate your internetbankieren (internet banking) login device.