Dutch bank account 101: Your key to hassle-free finances

Learn how to open a Dutch bank account and discover the best banks in the Netherlands that offer services for internationals.

Ivandzhelin

3 minute read

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23 Aug 2024

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Living

Opening a Dutch bank account is essential for anyone living in the Netherlands. Whether you’re a student, expat, or new resident, choosing the best banks in the Netherlands is key to managing your finances smoothly. Yet, how to you make the right decision?

To help speed up the process we’ll show you how to open a Dutch bank account, explore the best banks in the Netherlands for foreigners, and help you make the right choice for your banking needs.

No, you’re not legally required to open a Dutch bank account, but doing so will make your life much easier. With a Dutch bank account, you can pay at supermarkets,, make bank transfers, receive your Dutch salary and deposit money more conveniently. Using a foreign bank account can lead to higher charges, especially if it’s in a different currency.

A Dutch bank account also gives you access to iDeal, a popular method for paying online in the Netherlands, handling energy bills, responding to payment requests, and ordering food.

There are plenty of banks in the Netherlands, including traditional and online options. Traditional banks offer a wider range of products, while online banks tend to be more flexible. The choice depends on your needs. Most banks in the Netherlands cater to internationals and provide English-speaking customer support.

Traditional banks in the Netherlands

Traditional banks have a physical presence in the Netherlands, where you can receive in-person services, including personal and business banking, as well as mortgages. Opening a Dutch bank account with them offers plenty of perks, such as digital and in-person customer service and support of a wide range of banking products.

Some expenses of having an account with a traditional bank in the Netherlands are that they charge fees for account maintenance, ATM withdrawals, and other services. Yet, these banks are more trusted and have a wider branch network. The 6 best banks in the Netherlands are:

• Rabobank
• ING
• ABN AMRO
• Triodos
• SNS Bank
• ASN Bank

Online banks in the Netherlands

Online banks in the Netherlands provide all services through mobile apps and websites, focusing on core banking like current accounts, savings, and payments. Opening a Dutch bank account with an online bank means lower fees and innovative features like instant notifications and budgeting tools.

However, they might charge for extras like cash withdrawals and rely entirely on digital customer service, which is convenient but lacks the personal touch of in-person interactions. The 3 best online banks in the Netherlands are:

• N26
• Wise
• bunq

Which bank is best for foreigners in the Netherlands?

The top 3 Dutch banks for foreigners are ABN AMRO, ING, and Rabobank. These banks have the most extensive network of branches both in the Netherlands and globally, making them highly accessible. They offer a comprehensive range of services, including current accounts, savings accounts, mortgages, and investment products,

Their customer support and online banking apps in English are another reason why these are the best banks for foreigners in the Netherlands as they make it easier for non-Dutch-speaking customers to manage their finances.

Student bank account in the Netherlands

Some banks in the Netherlands, such as ABN AMRO, offer student accounts specifically tailored for students. These accounts offer features like low or no monthly fees, easy online banking, and a debit card. Student bank accounts in the Netherlands often come with additional perks, like discounts on public transportation, access to budgeting tools, and sometimes even interest on savings.

The application process is typically straightforward, and many banks offer support in English, making it easier for international students to manage their finances while studying in the Netherlands.

To open a bank account in the Netherlands, you need to set up an appointment online or over the phone at the nearest bank branch. It’s important to schedule one in advance, as some branches may have limited availability, especially in cities like Amsterdam and Rotterdam.

When you go to your appointment, be sure to bring the following documents to open a Dutch bank account:

• Valid passport or ID
• Proof of address, e.g., rental contract
• Your BSN (citizen service number)
• Proof of employment or enrolment
• Dutch residence permit (if you are from outside the EU)

Can a foreigner open a Dutch bank account?

Yes, foreigners can open a bank account in the Netherlands. Both residents and non-residents can have Dutch bank accounts. As a resident, you need to choose the best bank that fits your needs, set up an appointment with them, and open a Dutch bank account. The best banks for foreigners in the Netherlands are Rabobank, ABN AMRO, and ING.

Non-residents can also open bank accounts in the Netherlands, but they need to bring additional documents such as a Tax identification number (TIN) and proof they have a connection to the Netherlands (a valid reason to open a Dutch bank account), e.g., property ownership. The best banks for non-residents in the Netherlands are Bunq, N26, or Wise, as they have fewer requirements.

Can you open a bank account in the Netherlands without a BSN?

Yes, you can open a bank account in the Netherlands without a BSN but only for a limited amount of time. As getting a citizen service number (BSN) can take a while in some cities, some Dutch banks allow you to open a bank account and provide your BSN after. Banks such as ABN AMRO and bunq offer this option. Still, they might ask you to provide proof that you’re applied for a BSN. In case you fail to provide a BSN in the given timeframe, usually up to 3 months, the bank might freeze or close your account.