Discovering The Netherlands

Money and Banking Banks Although there will be many banking options in your area, some banks have more experience servicing international assignees. If your employer does not already have a preferred banker, your consultant will be happy to set up a meeting with banking personnel to establish your accounts and provide an orientation to the banking system.

Banking in The Netherlands is not free of charge. Banks usually charge you either monthly or quarterly. Monthly/quarterly packages are available and can include certain combinations of services. These packages differ in price and service from bank to bank. The most common Dutch banks are, ABN-AMRO, ING Bank, Rabobank and SNS Bank. They have branches or representative offices throughout The Netherlands. These banks also offer telephone or internet banking services. A Dutch debit card is a must, most local supermarkets only take Dutch debit cards. Bank Accounts The procedure to open a bank account is relatively straightforward, however differs from bank to bank. Documents generally required: + Valid ID, plus residence permit if you come from outside the EU + BSN + Proof of address + An employment agreement, or letter of employment

Helpful Hint: If opening anything other than a savings-only account, you may need evidence of income, such as an employment letter or pay slip.

Mobile Banking Each bank is offering mobile banking and internet banking which can be used for: + Bill payments, paying in stores + Transferring money from one to another account, around the globe + Monthly budgeting + 24/7 access + IDeal, online payment using your debit card rather than your credit card

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Discovering The Netherlands