Understanding how banking works in the Netherlands is an important first step for anyone relocating to the country. From opening a local account to learning how everyday payments work, having the right information early on can make settling in much easier. For many expats, opening a Dutch bank account is one of the first practical tasks after arrival. Knowing which currency is used, how accessible cash machines are, and what services local banks provide helps reduce uncertainty and allows you to manage your finances with confidence. This guide offers a complete overview of the Dutch banking system and covers the following topics: The banking system in the Netherlands The Netherlands has a well-established and stable banking system made up of both national and international institutions. Oversight is provided by De Nederlandsche Bank, which acts as the country’s central bank, alongside the Authority for the Financial Markets (AFM). Banking assets in the Netherlands are significant relative to the size of the economy, reflecting the country’s strong financial sector. At the same time, the number of physical bank branches has steadily declined as online and mobile banking have become the norm. Most residents now manage their finances digitally, and many retailers prefer electronic payments over cash. Currency in the Netherlands The Netherlands is part of the Eurozone and uses the euro (€) as its official currency. Banknotes in circulation include €5, €10, €20, €50, €100, €200, and €500, although many shops do not accept notes above €50. Coins range from 5 cents to €2. Exchange rates fluctuate regularly, and expats who receive income or savings in other currencies should keep an eye on current rates when converting money. Cash machines and ATMs in the Netherlands ATMs are widely available across cities and towns, although their numbers have decreased as cash usage has declined. Some ATMs may be unavailable overnight, particularly in quieter areas. Most international debit cards work without issue, provided they support common networks and use a four-digit PIN. Fees may apply when using ATMs outside your bank’s network, so it is worth checking your bank’s terms before withdrawing cash. Banks in the Netherlands There are several types of banks in the Netherlands, each serving different needs. Choosing the right one depends on how you plan to use your account and whether you value branch access, digital tools, or ethical banking principles. Retail banks Retail banks handle everyday personal banking, such as current accounts, savings, and debit cards. They usually offer online banking alongside physical branches with set opening hours. Digital and mobile banks Digital banking is widely adopted in the Netherlands. These banks operate primarily online and through mobile apps, offering fast setup and strong security without physical branches. Common examples include: Private banks Private banks focus on high-net-worth individuals and offer personalised wealth management, investment advice, and financial planning through dedicated relationship managers. Investment banks Investment banks primarily serve corporations and governments, handling large-scale financial transactions and advisory services. Private individuals typically only access these services at very high wealth levels. Corporate and commercial banks These banks provide financial services for businesses, including loans, trade finance, and commercial real estate. Meetings are usually appointment-based rather than walk-in. Popular banks in the Netherlands include: Banking services in the Netherlands Dutch banks offer a broad range of financial services. Availability and conditions vary by provider. Current accounts A current account (betaalrekening) is the standard personal account used for daily transactions. It usually includes a debit card, online banking, direct debits, standing orders, and access to savings accounts. Overdrafts Some banks allow overdrafts, but interest rates are generally high. Limits and availability depend on your financial profile. Loans Personal loans may be secured or unsecured and offered at fixed or variable rates. Eligibility depends on income, residency status, and credit history. Mortgages Mortgage products in the Netherlands include linear and annuity mortgages. Expats often work with specialist brokers who understand international income and residency situations. Investments With low savings interest rates, many residents invest through banks or online brokers. Options include shares, funds, bonds, and other financial instruments. Insurance Health insurance is mandatory in the Netherlands, while other types—such as home, liability, or professional insurance—depend on personal circumstances. Opening a bank account in the Netherlands Although not legally required, a Dutch bank account is often essential for renting property, receiving a salary, or arranging utilities. Typically required documents include: Payment methods in the Netherlands The Netherlands is highly cash-light, with electronic payments dominating everyday transactions. Cash Cash is still accepted but less common, and some shops do not accept it at all. Checks Checks are rarely used and generally not accepted for everyday payments. Debit and credit cards Debit cards are the primary payment method. Credit cards are accepted less widely but are useful for online purchases and travel. Direct debits and standing orders These are widely used for recurring payments such as rent, utilities, and insurance. Online and mobile payments Online banking and mobile payments are extremely common. The local payment system iDEAL dominates e-commerce, and payment-request apps are widely used. Local and international money transfers Most transfers are made online. SEPA transfers within Europe are usually low-cost, while international transfers may involve higher fees. Banking fees in the Netherlands Banks typically charge monthly account fees and additional costs for services such as cash withdrawals, extra cards, or international transfers. Digital banks often offer lower-fee structures, which appeals to many expats. Offshore banking in the Netherlands Some expats choose offshore banking for international income management. Dutch offshore institutions provide deposit protection up to €100,000 under EU rules. Ethical banking in the Netherlands Ethical banking is well-established in the Netherlands. Institutions such as ASN Bank and Triodos Bank focus on sustainability, social responsibility, and environmentally conscious investments. Banking security and fraud in the Netherlands Dutch banks use modern security measures, but phishing and impersonation scams do occur. Customers are advised to verify all communications and never share security codes. Lost or stolen bank cards in the Netherlands Lost or stolen cards

Opening a dedicated business bank account is an essential step when setting up a company in the Netherlands. It helps you manage company finances professionally, meet legal and tax requirements, and keep personal and business transactions clearly separated. This guide explains how business banking works in the Netherlands and compares some of the most suitable banks and financial providers for expats and non-residents. Alongside traditional Dutch banks, we also look at modern fintech options such as Wise, which can be useful for companies that operate across borders or deal with multiple currencies. Table of contents Can a foreigner open a business bank account in the Netherlands? Yes, foreigners can open a business bank account in the Netherlands, provided certain conditions are met. Eligibility depends on factors such as the legal structure of the business, whether the company is registered locally, and whether the applicant already holds a SEPA-IBAN. Most Dutch banks require businesses to be registered with the Kamer van Koophandel (KVK) before opening an account. For non-resident entrepreneurs, additional checks may apply. The Dutch Banking Association (NVB) offers a Quick Scan tool to help foreign founders assess whether they are likely to qualify for a Dutch business IBAN. Traditional banks such as ING, ABN AMRO, and Rabobank generally accept foreign-owned companies, although they may request extra documentation, proof of address, or references. Digital providers may be more flexible, especially for internationally active businesses. Insider tip:If your company already has a business account with a SEPA-IBAN in another EU country, you may not be legally required to open a separate Dutch account for euro payments. What is the KVK number and Quick Scan? A KVK number is issued when a company is registered with the Dutch Chamber of Commerce. Nearly all businesses operating in the Netherlands must register with the KVK before they can open a business bank account, pay taxes, or access financial services. For foreign entrepreneurs, banks may also request completion of the Dutch Business Bank Account Quick Scan, developed by the NVB. This tool helps banks determine whether an international business is eligible to apply for a Dutch IBAN. If your company is supported by the Netherlands Foreign Investment Agency (NFIA) or a recognised startup facilitator, the Quick Scan can be submitted to participating banks such as ING, ABN AMRO, or Rabobank. Banks usually respond within five working days. How to get a KVK number and use the Quick Scan Best business bank accounts in the Netherlands The best business account depends on your company’s size, structure, and international exposure. To provide a balanced overview, we compare established Dutch banks with modern fintech providers. Comparison criteria Overview comparison Provider Monthly fees Non-resident access Currency support Key features Wise Business No monthly fee Yes 40+ currencies Multi-currency IBANs, accounting integrations Finom €0–€249 Yes 17 currencies Invoicing, cashback, fast setup Revolut Business From €10 Yes 25+ currencies Expense controls, team cards ING Business From €9.90 Limited EUR Local banking, branch support ABN AMRO Business From €9.90 Limited EUR Tiered packages, bookkeeping tools Top 5 best business bank accounts in the Netherlands [2025] 1. Wise Business Account Best for: Companies managing international payments and multiple currencies Wise Business allows companies to hold and manage over 40 currencies, send international payments, and receive money with local account details in multiple countries. It is commonly used by freelancers, SMEs, and internationally operating businesses. 2. Finom Business Account Best for: Freelancers and small businesses seeking fast setup and invoicing Finom combines business banking with invoicing and expense management. Accounts can be opened fully online, often within minutes, and come with a Dutch IBAN. 3. Revolut Business Account Best for: Businesses needing flexible currency management Revolut Business offers multi-currency accounts, Dutch IBANs, and expense management tools. It suits companies that want app-based banking with scalable plans. 4. ING Business Current Account Best for: Entrepreneurs seeking traditional Dutch banking ING offers business accounts with online banking and optional in-branch support. New businesses may qualify for a free startup package for the first six months. 5. ABN AMRO Business Account Best for: Businesses wanting structured account packages ABN AMRO provides tiered business accounts with add-on services such as savings accounts and bookkeeping connections. Fees can be higher for non-residents. How to choose the right account for your business When selecting a business account, consider: The right choice depends on whether your business operates mainly within the Netherlands or across borders. How to open a business bank account in the Netherlands Step 1: Understand the requirements Most banks require KVK registration. Some also request a Dutch address. Step 2: Gather your documents Typically required: Step 3: Choose your provider Decide between a traditional bank or a fintech provider. Step 4: Submit your application Applications may be online or in person. Step 5: Verification and approval Approval can take days or weeks depending on complexity. Step 6: Start using your account Once approved, you receive your IBAN and access to online banking. Benefits of opening a separate business account A dedicated business account: Conclusion Business owners in the Netherlands can choose between traditional banks and digital providers, depending on their operational needs. Banks such as ING and ABN AMRO offer local presence and familiarity, while fintech solutions like Wise Business provide flexibility for companies working internationally. The best account is the one that matches your company structure, payment flows, and long-term plans.

Receiving money from overseas is common for expats, international professionals, and families living in the Netherlands. However, the method you choose can affect how much money arrives, how long it takes, and how secure the process is. This guide explains the main ways to receive money from abroad in the Netherlands, focusing on costs, safety, and convenience, so you can choose the option that best fits your situation. Table of contents What you need to know before receiving money from abroad Before receiving money from another country, it’s important to understand that fees, processing times, and exchange rates can vary significantly depending on the provider used. Two transfers for the same amount can result in different final amounts reaching your account. Knowing the basics in advance helps you avoid unexpected costs, delays, or compliance issues. Key factors to consider Transfer fees and hidden costsBanks and transfer services may charge fixed fees, percentage-based fees, or both. Intermediary banks can also deduct charges without notice, reducing the final amount you receive. Exchange rates and marginsSome providers apply a markup to the exchange rate. Even a small margin can significantly reduce the value of larger transfers. Processing speedTransfers may take anywhere from minutes to several business days, depending on the method used and the countries involved. Required documentationProviders may request identification or proof of address to comply with anti-money laundering regulations. These checks are standard and help keep the financial system secure. Security and regulationAlways use providers that are licensed and regulated in the Netherlands, the EU, or other reputable jurisdictions. What bank details are needed to receive money? To ensure international transfers arrive correctly, the sender will usually need: Providing accurate details helps avoid delays or failed transfers. Comparison Table: Best ways to receive money from abroad Method Typical fees Processing time Limits Best for Security level Multi-currency accounts Often free to receive with local details Instant to 1 day High or none Expats, freelancers High Bank wire transfers Sender/intermediary fees may apply 1–5 business days Often high Large transfers Very high Online transfer services Fees shown upfront Minutes to days Flexible Regular transfers High Digital wallets Conversion/withdrawal fees Instant to wallet Low–medium Small payments High Cash pickup services High fees and FX markups Minutes–hours Limited Urgent cash needs Medium–high International money orders Fixed fees Days–weeks Low Rare use cases Medium 6 Best ways to receive money from abroad in the Netherlands 1. Multi-currency accounts (Wise, Revolut) Best for: Expats, freelancers, and people regularly receiving money in foreign currencies. Multi-currency accounts allow you to receive funds in the original currency, helping avoid unnecessary conversions. Fees: Often free for domestic-style transfersSpeed: Instant to one business dayExchange rates: Vary by providerLimits: Generally highSafety: Licensed and regulated providers 2. Bank wire transfers Best for: Large amounts and people using traditional Dutch banks. International wire transfers use systems such as SWIFT or SEPA. SWIFT transfers may pass through intermediary banks, each potentially deducting fees. Dutch banks are highly secure and reliable, though exchange rate markups can increase costs. Fees: Vary by bank and currencySpeed: SEPA: ~1 business day; SWIFT: 2–5 daysExchange rates: Bank margins often applyLimits: HighSafety: Very high 3. Online money transfer services (Wise, Remitly) Best for: Fast transfers with clear pricing. Online transfer platforms reduce reliance on intermediary banks, often lowering overall costs. Fees: Shown upfrontSpeed: Minutes to a few daysExchange rates: Provider-dependentLimits: Vary by serviceSafety: Regulated with fraud protection 4. Digital wallets (PayPal, Skrill) Best for: Small, informal transfers and online payments. Digital wallets allow instant transfers between users, but conversion and withdrawal fees can be high. Fees: Often ~3% for conversion or withdrawalSpeed: Instant within walletsLimits: Lower than bank transfersSafety: Strong consumer protection for purchases 5. Cash pickup services (Western Union, MoneyGram) Best for: Recipients without bank accounts or urgent cash needs. Cash pickup services allow funds to be collected at physical locations. Fees: Generally highSpeed: Minutes to hoursLimits: Often cappedSafety: Regulated, but cash handling carries risk 6. International money orders Best for: Rare situations where electronic transfers are unavailable. Money orders are slow, costly, and increasingly uncommon in the Netherlands. Fees: Fixed purchase and processing feesSpeed: Several days to weeksLimits: LowSafety: Funds prepaid, but postal risks apply Step-by-step guide: How to receive money from abroad Step 1: Choose your methodDecide whether speed, cost, or convenience matters most. Step 2: Prepare your detailsCollect IBAN, BIC/SWIFT, and account information. Step 3: Share accurate informationEnsure names and numbers match exactly. Step 4: Track the transferUse tracking tools or notifications if available. Step 5: Verify receiptConfirm the amount and check for fees or exchange differences. How can I receive money safely? What is the cheapest way to receive money? Costs vary depending on fees and exchange rates. Bank transfers may appear free but often include hidden exchange margins. Services that show fees upfront and apply transparent rates generally make it easier to predict how much will arrive. Tips to minimise costs when receiving money from abroad Common problems and how to solve them Transfer delaysOften caused by intermediary banks or holidays. Contact the provider if delays exceed expected timelines. Missing paymentsUsually due to incorrect details. Request a payment trace if funds don’t arrive. Unexpected exchange ratesHidden margins can reduce received amounts. Use services that disclose rates upfront. Documentation requestsKeep digital copies of ID and proof of address ready to avoid delays. Conclusion For expats and international residents in the Netherlands, receiving money from abroad is part of everyday life. The right method depends on how often you receive funds, the amounts involved, and how quickly you need access. Traditional banks offer reliability for large sums, while multi-currency accounts and online transfer services provide flexibility and clearer pricing. Digital wallets and cash pickups remain useful in specific situations, but often at a higher cost. Choosing a method that balances cost, speed, and security helps ensure your money arrives safely and with fewer surprises.

Managing money in both pounds and euros is a common reality for expats living in the Netherlands. A GBP account can help you handle payments, transfers, and everyday spending more efficiently, without losing money to repeated exchange rate markups. A GBP account is particularly useful if you receive income in pounds, support family in the UK, or want to hold GBP alongside euros for future use. Both Dutch banks and international providers offer GBP account solutions, ranging from single-currency foreign accounts to multi-currency accounts with debit cards. Providers such as Wise allow you to hold GBP and exchange it alongside dozens of other currencies using transparent exchange rates. The best option depends on how you plan to use your account — whether for everyday spending, savings, or international transfers. What is a GBP currency account? A GBP currency account is a bank or online account that allows you to hold British pounds while living in the Netherlands. Instead of converting every incoming or outgoing payment into euros, you can keep funds in GBP and exchange them when it suits your needs. Some GBP accounts support only pounds, while multi-currency accounts allow you to manage GBP, euros, and other major currencies within the same account. Table of contents What can you do with a GBP account in the Netherlands? A GBP account gives you more control over how and when your money is converted. Instead of automatic conversions, you decide how to manage your balance, making both everyday life and international payments easier. Common uses include: Types of GBP accounts Multi-currency accounts Multi-currency accounts allow you to hold GBP alongside other currencies in a single account. They often include features such as local account details, easy currency exchange, and debit cards. Foreign currency accounts Foreign currency accounts usually focus on a single currency, allowing you to hold GBP separately from your euro account and convert it when you choose. Some of these accounts also offer debit cards, depending on the provider. Best GBP currency accounts in the Netherlands You can open a GBP account in the Netherlands through a local bank or a specialist online provider. Dutch banks typically offer foreign currency accounts that allow you to hold pounds separately from euros, while online providers focus on flexibility, transparent pricing, and multi-currency features. The best account depends on your priorities — whether you want to reduce conversion costs, manage multiple currencies easily, or receive international payments. Below are several commonly used options available to residents of the Netherlands. Wise account A Wise account allows expats in the Netherlands to hold GBP alongside more than 40 other currencies in one place. Currency conversion uses the mid-market exchange rate with clear, upfront fees. The account can be linked to a debit card for spending in over 150 countries or withdrawing cash directly from your balance. Account opening fee: None for personal accounts; business accounts pay a one-time setup feeEligibility criteria: Available to residents of the Netherlands and many other countriesSupported currencies: 40+ including GBP, EUR, and USDMonthly fees: NoneExchange rates: Mid-market rate Revolut account Revolut offers multi-currency accounts that allow users to hold GBP alongside more than 30 other currencies. Accounts include a debit card and international transfer functionality. Different subscription tiers are available, ranging from a free plan to paid plans with higher limits and additional features. Account opening fee: NoneEligibility criteria: Residents of the Netherlands aged 18+Supported currencies: 30+ including GBP and EURMonthly fees: Free plan available; paid plans have monthly feesExchange rates: Provider rates with limits depending on plan ING Foreign Currency account ING provides a Foreign Currency Account that allows business customers to hold and receive GBP without automatic conversion to euros. The account is linked to an existing ING business account. Account opening fee: NoneEligibility criteria: ING business customers in the NetherlandsSupported currencies: 25 including GBP and EURMonthly fees: €6 per monthExchange rates: Markup applied when converting to EUR ABN AMRO Foreign Currency Account ABN AMRO offers a personal Foreign Currency Account for holding GBP and other supported currencies. Payments remain in the account’s currency until you decide to convert. Account opening fee: NoneEligibility criteria: Personal customers with an ABN AMRO current accountSupported currencies: 27 including GBP, EUR, and USDMonthly fees: €5 per monthExchange rates: Bank exchange rates with markup Airwallex GBP Account Airwallex provides global business accounts with local GBP account details, allowing businesses in the Netherlands to receive payments in pounds without unnecessary conversions. Account opening fee: NoneEligibility criteria: Registered businesses in the NetherlandsSupported currencies: 20+ including GBP and EURMonthly fees: Free tier available; paid plans for higher usageExchange rates: Interbank rates Fees for GBP accounts in the Netherlands Costs vary depending on the provider and account type. Common fees include: Always review the fee schedule carefully before opening an account. How to open a GBP account in the Netherlands Opening a GBP account usually requires proof of identity, proof of address, and a BSN number. With banks:Dutch banks often require you to hold a euro account first and may request an in-branch appointment or additional documentation. With online providers:Digital providers allow you to apply and verify your identity fully online, often completing the process within minutes. How to use your GBP account in the Netherlands A GBP account can simplify daily financial management: Conclusion Managing pounds from the Netherlands looks different depending on your financial needs. Some people prefer traditional banks such as ING or ABN AMRO, while others value the flexibility and transparency offered by digital providers like Wise or Revolut. The right choice depends on how you earn, spend, and save your money — whether that means holding GBP long-term, sending regular payments, or managing multiple currencies as part of an international lifestyle.

Opening a USD account in the Netherlands can be useful if you travel to the United States regularly, receive income in US dollars, or manage international business activities. A USD account with a local or international bank — or a specialist provider such as Wise — can help reduce currency conversion costs and simplify cross-border transactions. Whether you are a US citizen living in the Netherlands, or a Dutch resident who frequently travels or works with US-based partners, holding funds in USD can make managing finances more efficient. Dutch banks, global banks, and specialist financial providers all offer USD account options. Some allow you to open a dedicated USD account, while others provide multi-currency accounts that let you hold USD alongside euros and other currencies. This guide explains how USD accounts work in the Netherlands and helps you compare the main options. Table of contents What can you do with a USD account in the Netherlands? A USD account is particularly useful for people who regularly transact in US dollars, including expats, international professionals, and business owners. Common uses of a USD account include: Types of USD accounts USD accounts in the Netherlands generally fall into three categories: International bank USD accounts Global banks often offer USD accounts through their international or expat banking services. These accounts are typically aimed at higher-net-worth individuals and may include wealth management or investment services. Dutch bank USD accounts Some Dutch banks provide USD accounts for residents. These are usually designed for holding and transferring USD rather than everyday spending and may require an accompanying euro account. Multi-currency accounts Digital financial providers offer multi-currency accounts that allow users to hold, exchange, and manage multiple currencies — including USD and EUR — in one place. These accounts are often popular with internationally mobile clients. Best USD currency accounts in the Netherlands There is no single “best” USD account for everyone. The right option depends on how you plan to use the account, whether you need a debit card, how often you exchange currencies, and your preferred balance level. Below are some commonly used USD account options available to residents of the Netherlands. Wise USD Account The Wise account allows individuals and businesses to hold USD alongside EUR and more than 40 other currencies in one account. Accounts are opened online or through the Wise app. Key features include: Account opening fee:No fee for personal accounts. Business accounts pay a one-time setup fee. Eligibility:Available to residents of the Netherlands and many other countries. Monthly fees:None Revolut Account A Revolut account allows customers to hold and exchange multiple currencies, including USD and EUR. Several personal and business plans are available, ranging from free to premium monthly subscriptions. Key features include: Account opening fee:None Eligibility:Available to residents of the Netherlands. Monthly fees:Free plan available; higher-tier plans charge monthly fees. Barclays USD Account The Barclays International USD Account is offered through its international and expat banking services. It allows customers to hold, send, and spend USD using a linked debit card. This account is designed primarily for high-net-worth individuals. Key features include: Eligibility:Minimum balance requirements apply. Monthly fees:No standard monthly fee, but fall-below charges may apply. ABN AMRO USD Account ABN AMRO offers a USD account for Dutch residents who already hold a euro account with the bank. The account is mainly intended for holding and transferring USD rather than everyday spending. Key features include: Account opening:In-branch appointment required. Monthly fee:€5 per month, in addition to any euro account fees. Fees for USD accounts in the Netherlands While some USD accounts have no monthly fee, other costs may apply. Common fees include: Review the fee schedule carefully before choosing an account. How to open a USD account in the Netherlands Many USD accounts can be opened online, especially with digital providers. Typical requirements include: Traditional banks may require in-person appointments, while online providers complete verification digitally. How to use your USD account in the Netherlands A USD account can help simplify international finances: Conclusion USD accounts are widely available in the Netherlands through international banks, Dutch banks, and digital providers. Traditional banks may suit those who want long-term USD savings or wealth services, while multi-currency providers such as Wise or Revolut offer flexibility for everyday international use. Choosing the right account depends on how often you transact in USD, whether you need a debit card, and how important low fees and easy currency exchange are for your situation.