Opening a bank account
To receive your salary and pay expenses you need to open a bank account. You can go to a bank in person, but the majority of banks in the Netherlands offer services electronically.
Methods of payment
In the Netherlands, payment is usually made in cash with euros or by debit card (pinpas) – a card that takes money directly from your (Dutch) bank account. Many places, including hotels, restaurants and bars accept credit cards, though most supermarkets only accept cash or debit cards. Cheques are not commonly used in the Netherlands. Banks offer package deals which include a variety of services and means of payment.
Opening a bank account
To open a bank account in person, take the following documents with you:
- Proof of ID (passport or identity card)
- Official proof of address, such as a tenancy agreement
- Citizen service number (burgerservicenummer, BSN)
- If you are from a country outside the EU, your residence permit or registration with the Foreign Police (Vreemdelingenpolitie)
Online bank accounts
Digital banking platforms are increasingly popular in the Netherlands, as they allow customers to open an account without visiting a physical branch. Bunq (an IN Amsterdam partner) offers this service.
Costs of a bank account
Most banks charge an annual fee dependent on the type of account and the method of payment you choose. Annual costs vary, with less expensive options in place for students. If you would like a credit card with your Dutch account, the bank charges additional costs.
