Netherlands — Banking: Best Banks

Why this matters

Choosing the right bank in the Netherlands can impact daily life, including access to credit, investments, and financial management tools.

Key facts

• A DNB study says ABN AMRO, ING, Rabobank and De Volksbank accounted for around 80% of total Dutch banking sector assets in 2020.
• DNB describes the Dutch banking sector as large and concentrated internationally.
• DNB lists seven Dutch banks under ECB large-bank supervision: ING, Rabobank, ABN AMRO, De Volksbank, BNG Bank, NWB Bank and Leaseplan.
• The deposit guarantee scheme repays up to EUR 100,000 per person per bank for banks with a Dutch licence.

Steps

1. Research and Compare Banks — Look into the services offered by different banks, including account types, interest rates, fees, and investment options. Consider factors such as customer service, branch locations, and online banking capabilities.
2. Open a Bank Account — To open a bank account, you will typically need to provide identification documents, such as a passport or ID card, and proof of address. The exact requirements may vary depending on the bank and type of account.
3. Consider Additional Services — Some banks in the Netherlands offer additional services, such as mortgage and loan options, investment advice, and insurance products. Research these services to determine which bank best meets your needs.