Personal finance

Living in Europe | Banking | Netherlands


Upon your arrival in the Netherlands it is important to become familiar with the Dutch banking system and how to make financial transactions.

If you are not coming from an EU country, we recommend changing money before your arrival. Alternatively, you can use ATM machines to withdraw money with your bank card. Note that there may be a fee for this. Do check that your bank card can be used in ATMs abroad.

Banking hours

Banking hours in the Netherlands are generally Monday to Friday from 9am to 5pm. It is recommended to consult opening hours online before visiting a branch office.

Opening a bank account

We advise to open a bank account as soon as possible because credit cards are not always accepted in all shops, including supermarkets.

Dutch banks provide business and personal banking. You are able to open a bank account by visiting a branch in person or online. In order to open a personal account at a Dutch bank you will need to provide the following information:

  • Passport/Valid ID
  • Residence permit (if applicable)
  • A citizen service number (BSN)
  • Proof of address

Major banks

Examples of major banks include:

Offices of these banks are widely available.

Making payments

Financial transactions in the Netherlands can be made in several ways.

PIN (personal identification number) PIN logo

This is a debit card system commonly used for just about everything, even when credit cards are not accepted. The way to use it in stores is to place the card in a slot of a card reader and enter your codes. The swipe system of the card reader is invalid and thus, your swipe-type debit card from home will not work. The Dutch bank card is valid at most places including supermarkets, department stores, petrol stations and restaurants. Like other types of debit cards, you can also draw money directly from your account at cash machines. The Dutch use the verb 'pinnen' to refer to this type of payment.


Internet and phone banking

Is available from any bank and it is the easiest way of dealing with money matters. Internet banking and phone banking are widely used in the Netherlands. Ask your bank for details on how to use their own internet banking system.