Chesterfield (London) 
207 Old Marylebone Road
Tel: +44 (0) 203 771 3853
Fax: +44 (0) 203 771 3856

Banking in Holland

At Chesterfield Management we have links with many local and international banks and are on hand to provide help, assistance and introductions to our contractors who take up contracts in Holland.

International professionals contracting in Holland will need a local Bank Account for day to day living. It is possible to carry out most transactions either at an ATM or using a computer. Some banks operate entirely online, where it is possible to do everything from opening an account to using the bank's investment services. The main commercial banks offer a similar range of banking services, including current accounts (betaalrekening), savings accounts, and overdraft facilities

Charges imposed by the banks for there services are broadly similar; however Postbank does have some slightly lower charges than the main commercial banks. Internet and mobile banking are very popular services with up to 40% the population carrying out their banking transactions via these services, and all main banks offer these services.

The Main Dutch Retail Banks
  • Rabobank
  • ING
  • Postbank (branches at post offices)
The currency of Holland is the Euro and it shares a common currency with Austria, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Slovakia, Slovenia, Spain, Portugal and The Netherlands.

Notes are denominated in 5 EUR, 10 EUR, 20 EUR, 50 EUR, 100 EUR, 200 EUR, 500 EUR and the coins are 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, 1 EUR, 2 EUR

To open a local bank account in Holland, you will need to provide a form of identity such as passport or national ID card, proof of your address and your Dutch Social-Fiscal Identification number. Additionally the bank may request details of your employment contract or payslips, and your registration permit. Once paperwork is completed the new bank account is normally operational immediately and any credit/debit cards are collected from the bank and pin numbers issued through the post.


The ATM network in Holland is fully integrated, and accepts cards from all Dutch banks and international cards. You will need to check that the ATM supports the type of card you have e.g. Cirrus/Maestro/Visa/MasterCard.

Debit and Credit Cards

The most common card in Belgium is the bankpas/europas/giropas. It is linked to your current account, and is accepted in department stores, supermarkets, petrol stations, and retail outlets. A bankpas/europas/giropas card with a PIN number will be issued when you open a Dutch bank account.
A second type of card called a chipknik or chippas can be used for small purchases and topped up in the bank. Some banks offer this service, while others have integrated this functionality into the original bank card. As the card has no security or pin associated with its use, it can be used by anyone until the credit on the card is depleted.

The main credit cards inn Holland are MasterCard and Visa. There is usually a requirement to have operated a bank account in Holland for a minimum period of time before being accepted to be issued a credit card. Many small stores do not accept credit cards due to the merchant charges imposed by the banks.

Internet and phone banking

Dutch banks are very modern and all banks offer online banking and telephone banking.


Cheques, while still available are discouraged by banks and can attract high charges. They are more or less obsolete.

The Acceptgiro

If you do not bank online the most common means of payment is via a bank transfer (Acceptgiro)). This is a yellow payment slip found at the bottom of almost all Dutch bills. This has to be filled in, signed and posted in to a box dedicated to this purpose in your local banks.

To learn more contact us on our office telephone number 0044 (0)2070971385, request a call-back, or click here to email us .

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