ACCESS NL > Relocating to the Netherlands > First three months > Banking > What happens with my money if my bank goes bankrupt?


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?

What if I want to use my PIN card abroad?

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

What is IBAN?

What is PSD2?

How to exchange foreign money in the Netherlands?

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

How can I access my bank details using mobile devices?

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

What is internetbankieren (internet banking) and how to use it?

What is an acceptgiro?

What is iDeal?

What happens with my money if my bank goes bankrupt?

If your bank goes bankrupt or runs into trouble, you will not lose all your money. This is because there is a guarantee system in place to help account holders: the Deposit Guarantee Scheme .

All banks holding a banking authorisation granted by De Nederlandsche Bank (DNB) are covered by the Deposit Guarantee Scheme.  Your money is safe with a maximum of €100,000 per person and per bank.  In general this only applies to your current account and your savings account. Investments are usually not covered. Please contact your bank for more information which accounts are covered.

If your bank has its main office in another country, the rules of that country apply when it comes to a Deposit Guarantee Scheme.  It is important to check if your bank has a Dutch licence or a licence from another country.  You can find an overview of all banks covered by the Dutch Deposit Guarantee Scheme on

Can I directly invest money in the stock exchange?

What types of loans are available?

What is a contactless payment?

Are contactless payments secure?

Are credit cards issued by banks to all customers?

Can I open a bank account without having a Burgerservice nummer (BSN)?

How can I avoid scams?