Banking 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 bank PIN card?
What if I want to use my PIN card abroad?
What if I have lost my bank card or had it stolen?
What is a contactless payment?
Contactless is a payment feature that has been introduced by banks in the Netherlands (as in other countries) on their payment cards. The aim is to make small value purchases quicker and more convenient for both retailers and consumers. The idea is that by using the contactless facility on the debit card, the customer’s payment transaction will be quicker, as no cash needs to change hands and entering a PIN (Personal Identification Number) is not required.
When making payments of €25 or less, 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. In just a few seconds, the 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.
To use this feature, you should look out for retailers who display this payment reader sign.