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Netherlands – Banking

The Netherlands is a country in Western Europe known for its scenic canals, tulip fields, and windmills. If you are planning on living in the Netherlands as an expat, you will likely need to open a bank account to manage your finances. In this article, we will answer some common questions about banking in the Netherlands.

Main Local Banks and Contact Details

Some of the main local banks in the Netherlands include:

Major UK and USA Banks

Several major UK and USA banks have a presence in the Netherlands, including:

Accounts and Services for Expats

Many banks in the Netherlands offer accounts and services specifically aimed at expats. These may include English-language customer service and support, international money transfers, and foreign currency accounts.

Typical Bank Opening Hours

Most banks in the Netherlands are open from 9:00 am to 5:00 pm on weekdays, with some banks offering extended hours on Thursdays (until 8:00 pm) and/or Saturdays (usually from 10:00 am to 1:00 pm).

Specific Areas of Concern in the Netherlands

One area of concern for expats in the Netherlands is that Dutch banks may require proof of residence in the country to open an account. This can be challenging for new expats who have not yet secured a permanent address in the Netherlands.


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Another issue to be aware of is the language barrier. Some Dutch banks may have limited English-language services or require Dutch-language documents, which can be difficult for non-Dutch speakers.

Additionally, some Dutch banks may have higher fees for international transactions or non-EU residents, so it’s important to compare options and fees before choosing a bank.

Opening a Bank Account

  1. Research and compare banks: Start by researching and comparing the various banks in the Netherlands to find the one that best suits your needs. Factors to consider may include fees, services, and proximity to your residence or workplace.

  2. Gather required documents: Next, gather the required documents for opening a bank account in the Netherlands. These may include:

  • Proof of identity: A passport or ID card
  • Proof of residence: A residence permit or a utility bill with your name and address on it
  • Proof of income: A work contract, payslip, or tax return
  • Social Security Number (BSN): This is required for most financial transactions in the Netherlands, and can be obtained from the Dutch government.
  1. Visit a bank branch: Once you have selected a bank and gathered your documents, visit a branch of the bank in person to open the account. Some banks may allow you to open an account online, but most will require an in-person visit.

  2. Complete the application: The bank will provide an application form to be completed with your personal information and other details. You may also need to provide information about your income and employment status.

  3. Verify your identity: The bank will need to verify your identity using the provided documents. They may also require you to provide a fingerprint or signature to confirm your identity.

  4. Deposit funds: To activate your account, you will need to deposit funds into it. This can be done through a wire transfer or by depositing cash or a check at the bank branch.

  5. Receive your bank card and PIN: Once your account is activated, you will receive a bank card and PIN number. This will allow you to withdraw money and make purchases using your account.

Overall, opening a bank account in the Netherlands as an expat can be straightforward as long as you have the necessary documents and are aware of the potential language and residency barriers. By researching your options and preparing your documents in advance, you can make the process smoother and more efficient.


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