Banking in the Netherlands

Are credit cards issued by banks to all customers?

Are contactless payments secure?

What is a contactless payment?

What types of loans are available?

Can I directly invest money in the stock exchange?

What is iDeal?

What is an acceptgiro?

How easy is it to pay using my credit card in the Netherlands?

How can I access my bank details using mobile devices?

Can I pay in a shop by using my mobile phone?

How to exchange foreign money in the Netherlands?

What is PSD2?

What is IBAN?

What if I have lost my bank card or had it stolen?

What if I want to use my PIN card abroad?

How do I use my bank PIN card?

How does a current account operate?

What are the accounts and services offered by banks?

What are the requirements to open up a bank account?

How can I open a bank account?

To manage your day-to-day finances, you will need a current or payment account called a betaalrekening in Dutch. Before opening a bank account, you need to be a legal resident of the Netherlands. You should register yourself with the municipality where you reside to make your stay legal (please have a look at our ‘First three months in the Netherlands‘  https://access-nl.org/relocating-to-netherlands/first-three-months/formalities/ for more information). As soon as you have completed your registration and have been given your burgerservicenummer – BSN (citizen service number), you can go to any bank of your choice to open a bank account.

The major retail banks in the Netherlands having their websites in English are ABN AMRO and ING Bank (limited information in English). Others in Dutch are Rabobank and SNS.

Can you explain the numbering conventions used in the Netherlands?

What is the currency in the Netherlands?