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Learn how to open a Dutch bank account for expats

How Can a Foreigner Open a Bank Account in Netherlands?

30 Jan 2025


Opening a Dutch bank account is a very essential step that you cannot miss if you are planning to settle your life in the Netherlands. Whether you're moving for work, study, or personal reasons, having a local account is essential for managing daily expenses and receiving payments. But how to open a Dutch bank account? For expats, the process can be more complicated than it seems. 

The process varies by bank, and having the right documents is very important. Plus, knowing the nuances can save you time and avoid common mistakes. Let’s break down what you need to know to get your Dutch bank account up and running smoothly. Everything you need to know about opening a bank account in the Netherlands will be covered in this post, including the most common queries and the necessary documentation.


Can Foreigners Have Bank Accounts in the Netherlands? 

Foreigners may find understanding the Dutch banking system difficult. For example, Dutch citizens rarely use cash and prefer cards. Debit cards are essential for almost anything in the Netherlands.

 

If you wish to manage your finances here, then you can open a non-resident bank account in the Netherlands even if you do not live or work here. Several banks provide special "international" accounts in these situations. Another option is to use a local financial institution that has an international branch or a Dutch correspondent bank. This allows you to get an account before entering the country and speeds up the process. Your local chapter will support every step of the journey.
 

When it comes to bank account requirements in the Netherlands, banks typically ask for specific documentation. As a foreigner, you may need proof of identity, proof of residence, and other necessary documents. As an expat, you have two options for opening an account: online via the bank's website or in person at a branch. Selecting a Dutch bank with worldwide operations and English language services might be a wise option for you.

When opening a bank account in the Netherlands online, you'll need to provide your BSN, just as you would if you were opening an account face-to-face. If you don't already have a BSN, you can also get one by obtaining your Registratie Niet Ingezetenen, or RNI. You can acquire your RNI upon completing the registration process as a non-resident in the Netherlands. This RNI number is all you need because once you have it, you won't have to take any additional steps; you will automatically have your BSN number as well. 

However, if you are planning to open a foreign bank account in the Netherlands from outside the nation, you will be unable to do so since most Dutch banks do not allow the creation of international accounts online. You should go to any Dutch bank branch that may exist in your nation. An additional option is to establish an online or mobile banking account while in the Netherlands.

Documents Required

There isn't a standardized process for opening a bank account in the Netherlands. Almost every bank has different policies, so opening an account might take anything from a few minutes to several days.
 

The major eligibility for creating a bank account would be proof that you reside in the Netherlands along with a valid passport for your identification. Furthermore, some banks like to see evidence of income. It is advised that you have the following supplies on hand while creating your account:

  • A BSN is your citizen service number.
  • A valid ID
  • Proof of address in the form of a power bill or rental agreement
  • You must have a residence permit if you are traveling from outside of Europe.

Provide all of the mentioned information to have a smooth account opening process. All you have to do is wait for your new "pinpas" to arrive or for your account to be authorized after the information has been processed.

 

How to Create a Netherlands Bank Account? 

There are two ways you could go about this process, as mentioned below. 
 

In Person

  • Find and print the documents your bank needs.
  • Plan to physically go to the branch of your bank of choice and bring all the required documents along. Answer a few questions and ask the clerk to verify your identity.
  • Await the mail delivery of your card, PIN, confirmation, and other necessary documents.
  • Turn on your account and internet banking.

Online

  • Check if your bank offers the option to open an account through their online platform.
  • Choose the kind of account you wish to open that suits the needs of being an expat in the Netherlands.
  • Most banks won't allow you to proceed if you don't meet Netherlands bank account requirements, such as having a Dutch residence permit.
  • The bank will either upload copies of your identity documents or begin a video verification procedure. Keep in mind that this option is not popular amongst most traditional banks.
  • Await the mail delivery of your card, PIN, confirmation, and other necessary documents.
  • Turn on your account and internet banking.

Always remember for your ease that certain traditional banks may have their website content and application forms exclusively in Dutch.

 

Fees Associated with Bank Accounts in the Netherlands

Students usually enjoy fee-free bank account openings, but banks in the Netherlands for foreigners often have to pay regular amounts so that the bank can keep their accounts active.  

Additional costs to take into account include credit cards and insurance. Additionally, bear in mind that international bank transactions usually include a small fee.

 

Selecting the Ideal Bank 

You must first choose the bank that best meets your demands. There are two major banks in the Netherlands for foreigners, and ING tops the list due to its expat-friendly features.  They provide a range of accounts for foreigners with assistance in English and user-friendly online and mobile banking. ING is especially renowned for its customer service-focused approach and simple onboarding procedure.

 

The second bank that welcomes foreigners is ABN AMRO. It is another significant Dutch bank with a strong reputation. They provide services in English, including banking packages for foreigners who are just starting off in this country. Another well-known feature of ABN AMRO is its robust online banking system. 


Although other banks like Rabobank and Bunq are also preferred by foreigners, our experience has shown that they have less expertise when it comes to bank services for expats in Netherlands than ING or ABN AMRO. Making the best decision for you requires investigating the costs, offerings, and ease of access of each bank.

 

Usual Time Taken to Open Bank Account in the Netherlands

The usual time ranges from "a little inconvenient" to "I need to take a day off work."  Some banks make it clear that you have to visit a branch. While others request additional paperwork than normal. Very few banks offer their bank opening service online and in English before sending you the small print in Dutch.

 

Opening a bank account in Netherlands might take a few minutes or many days. The process might be difficult if you don't speak English. This is because most employees are not fluent in any other language except for Dutch as it is not their job requirement. If you don't know enough Dutch, look for a bank that can speak to you in your own language.

 

The bank account opening process in the Netherlands usually concludes with waiting for your card and account details to arrive by mail. It often takes a week or so for everything to arrive (your bank card and the details you need to activate it are supplied separately).

Foreigners can simply and swiftly create mobile-only accounts using their phones. Just provide your phone number, email address, and physical address (which does not have to be in the Netherlands).

 

Bank Account Without Address

Before you can apply for a Dutch bank account, you need to have a Dutch address and a BSN number. It is possible for foreigners who live, work, study, or own a house in the Netherlands to follow the bank account opening process in the Netherlands. The simplest way is to have a Dutch address. While some banks need extracts from the Dutch Personal Records Database (BRP), others accept utility bills as proof of residence.
 

Can someone without a job get a bank account in the Netherlands?

To open a current account without a valid Dutch identification certificate, you will have to show that you live, work, study, or own a house in the Netherlands. Almost often, you will need an additional document to verify the proof.

 

Why is a Dutch Bank Account Necessary?

You'll quickly learn that most purchases in the Netherlands are done digitally, using a debit card or a bank transfer, and that cash is seldom ever utilized. It is essential to have a local bank account for a number of reasons:

 

Getting Paid

In the Netherlands, employers usually deposit wages straight into Dutch bank accounts, so it's essential to ensure you have the Dutch bank account documents needed to open an account. Since foreign transfers can include additional fees, collecting your salary without a local account can be difficult and expensive.
 

Bill Payment

Direct bank transfers are used in the Netherlands to pay a lot of bills, including rent, utilities, and insurance. Managing these automated payments will be simpler with a Dutch bank account.
 

Creating a Financial History

In the Netherlands, having a local bank account aids in building credit history, which might be crucial for future mortgages, loans, or house rentals. This highlights the importance of understanding Netherlands bank account requirements when setting up your financial foundation.
 

Performing Daily Transactions

Using a Dutch bank account will facilitate daily transactions, even though many locations accept foreign debit and credit cards. Additionally, you will benefit from regional payment systems such as iDEAL, which is a widely used online payment option in the Netherlands.

Common Mistakes to Avoid When Opening a Dutch Bank Account

Opening a Dutch bank account can seem straightforward, but many expats make mistakes that cause delays. Understanding these errors and how to avoid them can make this process easier.  

 Not Having the Right Documentation

A common mistake when expats in the Netherlands open accounts is not gathering all the required documents beforehand. To open a Dutch bank account, you need a BSN (Burger Service Number), proof of identity, and proof of residence. Failing to prepare these documents can cause delays. Be sure to have everything in place to avoid unnecessary setbacks.

Ignoring Bank-Specific Requirements

Each bank in the Netherlands may have unique requirements. Some may ask for proof of income or additional residency documents. Understanding the bank account opening process of Netherlands requires checking the specific needs of the institution you are applying to. Visit their website or ask for guidance to ensure you’re prepared with all necessary paperwork. You can visit the bank as well to be sure of the exact documents required. 

Not Having a Dutch Address

Without a valid Dutch address, most banks will not proceed with your account application. Expats in the Netherlands opening accounts often make the mistake of thinking that a temporary address will suffice. To complete this process, you need a permanent address in the Netherlands. It may not be necessary to actually own the property to be eligible to create a bank account. You can give your address even if you are renting your home in the Netherlands. 

Overlooking Bank Fees

Some expats forget to consider the associated costs when opening and maintaining an account. While the bank account opening process in the Netherlands may appear free at first glance, many banks charge monthly or annual fees. Always inquire about these fees beforehand to avoid any unexpected charges. As an expat, your finances might face some challenges if you are not prepared for the bank fees and charges. 

Not Utilizing Online Services

Many banks in the Netherlands now offer bank services for expats in the Netherlands, including the option for online banking. However, not all banks provide this feature. Before beginning the application process, make sure that your selected bank offers online account creation and carefully follow their instructions to avoid mistakes. This will help you as a foreigner in times when you are not in the Netherlands. 

Banking in the Netherlands: Your Guide

In short, knowing how to open a Dutch bank account is vital for managing your finances while living in the Netherlands. By preparing the necessary documents, understanding each bank’s requirements, and being mindful of potential fees, you’ll make the process far smoother. Whether you choose to go online or visit a branch, following the steps carefully ensures that you'll be ready to enjoy all the benefits a Dutch bank account offers. Start your journey today by choosing the bank that fits your needs best!
 

FAQs

Can I open a Dutch bank account without a BSN?

No, a BSN (Burger Service Number) is required to open a Dutch bank account.

Do Dutch banks offer accounts for non-residents?

Yes, some banks offer "international" accounts for non-residents, though requirements may vary.

Is it possible to open a Dutch bank account from outside the Netherlands?

Generally, no. Most Dutch banks require you to be physically present to open an account.

Can I use a foreign address to open a Dutch bank account?

No, you need a valid Dutch address to register for an account.

Are there any banks that offer English-language services for expats?

Yes, banks like ING and ABN AMRO provide English-speaking services to assist expats.


 


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