Opening a bank account in the Netherlands without a registration may seem like a complicated process. However, with the right knowledge and preparation, it is entirely possible. Known for its high standard of living and quality of life, the Netherlands is considered one of the best countries to live and work in.
In this article, we explain step by step how to open a bank account in the Netherlands without a registration. You will learn which documents are necessary, which banks offer this possibility, and what steps to take to successfully open an account. We will also address the benefits and potential challenges associated with such an account.
Why is it worth opening a bank account in the Netherlands?
The Netherlands is known for having some of the largest and most profitable banks in the world, offering excellent current accounts. It’s no wonder, then, that the Dutch make about four times more card payments per year than their German neighbours. The banking sector in the Netherlands is large and stable, supported by one of the most stable economies in Europe. Dutch banks maintain branches and offices around the world. For an account holder, this means that capital deposited in the Netherlands is secure. Furthermore, the Netherlands also enjoys relatively stable inflation rates and an attractive real estate sector.
If you are planning to move to the Netherlands from abroad, having a local bank account will be very helpful. It allows for making instant payments through the iDEAL payment network. Banks in the Netherlands usually do not conduct credit checks for people coming from abroad. This means that you should be able to open a bank account in the Netherlands without any issues, even if you have a bad credit history in your home country.
How to open a bank account in the Netherlands without a registered address?
If you are considering opening an account in the Netherlands, you have two main paths to choose from. The best solution depends on your individual needs and preferences. The simpler option of the two involves opening an account with an online bank, such as the Dutch online bank bunq. This way, you can quickly and without significant costs open a local bank account with a Dutch IBAN number without leaving your home. The entire account opening process takes place online, without the need to visit a branch.
Open a Bunq account step by step with instructions >>
You can open an account with a major Dutch bank, but it may be more complex for non-residents. Banks often require in-person visits and additional documentation. If you want a bank based in the Netherlands, a bunq account will meet your expectations. It offers a Dutch bank account with deposit guarantee that operates throughout the EU.
How to open a traditional bank account in the Netherlands step by step?
The Netherlands, known for its openness and multiculturalism, still applies quite strict rules when it comes to opening bank accounts. In this case, proof is required that you live, work, study, or own property in the Netherlands. It is often necessary to provide additional documents confirming these circumstances.
ING Bank is the largest bank in the Netherlands and offers its services on a global scale. Opening an account for non-residents is possible, but subject to certain conditions. It is only possible to open an account with ING when the non-resident individual lives, works, studies, or owns property in the Netherlands.
Rabobank has a more traditional approach, but its presence on the international stage and range of banking services for foreign clients is impressive. Opening an account for non-residents is generally possible, although information on this on the bank’s website is limited.
ABN AMRO is the third largest bank in the Netherlands. Often considered one of the most friendly options for non-residents and newcomers to the Netherlands. The banking offer for non-residents is limited to selected products.
When opening an account at a traditional bank in the Netherlands, each case is unique and may require additional documents. It is important to familiarise yourself with the specific requirements of the bank before attempting to open an account and to prepare the necessary documents.
Bank account in the Netherlands without registration step by step
Opening a bank account online in the Netherlands is an attractive option for those who value speed, convenience, and modern banking technology. In the digital age, digital banks are gaining popularity. They offer users intuitive mobile applications through which they can manage their finances without having to leave their homes.
Below we present a detailed overview of several top online banks that allow opening an account in the Netherlands, both for residents and individuals without a permanent address in the country.
Bunq – bank account in the Netherlands without registration
It attracts attention with its flexibility and innovation. This is designed for residents of the entire European Union. Stands out in that the entire process of opening and managing an account is done online. Users can enjoy a wide range of banking features. Such as splitting bills or integrating with the Wise money transfer service. And this makes managing finances simple and intuitive. The cost of maintaining a current account at bunq is only €2.99 per month, which is a competitive offer on the banking market.
Open a Bunq account step by step with instructions >>
N26 Bank
The German digital banking giant has gained recognition across the European continent, serving around seven million customers. It is known for its transparency and lack of hidden costs, offering its users a free current account with German banking data. Additionally, partnering with Wise allows for international money transfers at very attractive exchange rates. N26 is an excellent choice for those seeking an efficient and cost-effective banking solution.
Open an account with N26 bank online without a registration address >>
Revolut Bank
This is another institution that is changing the face of banking, offering its services in the Netherlands and many other EU countries. Revolut provides a wide range of services, including multi-currency balances and British bank account details. It’s important that without the requirement of proof of residence in the Netherlands. Accounts are available without monthly fees, making Revolut an attractive choice. Especially for people who travel frequently or conduct transactions in different currencies.
Open a Revolut account online in 5 minutes >>
International Bank Account
Another recommended solution is a Wise account, which is considered an international account. With this account, you can open accounts in over 50 currencies, many of which provide a local IBAN number. This means you can open an account in the USA and receive a bank number from an American bank.
Do I need a BSN number in the Netherlands?
The answer to this question is: yes. Although some banks may not require your BSN (Burgerservicenummer) immediately, which is the citizen service number. When you move to the Netherlands, you will still need to obtain it. Why is this necessary? Because according to the law, if you live in the Netherlands, you must register here. And you will receive your BSN during registration.
It could be said that the BSN is like a social security number. Which also serves as a tax identification number and a form of national identification. You need it for most public, financial, and official interactions in the Netherlands. What’s the point of opening a bank account before getting your BSN? The issue with the BSN is that it can take some time to obtain. Depending on how busy your local municipality office is, scheduling an appointment can take up to 30 days.
Changing banks or closing a bank account in the Netherlands
Closing a Dutch bank account or transferring to another bank is a process that you can initiate at any time. The way you close the account will vary depending on the bank. Some banks may allow you to close the account online. While others may require you to visit a branch and fill out a form.
Remembering these steps will help avoid potential issues and ensure a smooth transition between banks or account closure. Clear communication with the bank and all parties involved is crucial to ensure that all finances are properly managed and no financial loose ends are left behind.
FAQ – bank account in the Netherlands without registration
Opening an account without a BSN number is possible, but it limits the choice of banks. Some digital banks may offer this option.
The process may take from a few days to a few weeks, depending on the bank and the completeness of the documentation.
Yes, most banks require a correspondence address to be provided, even if you don’t have a registered address.
Having a bank account makes everyday financial transactions easier. Such as payments and transfers, and it is often required to sign a contract for work or renting an apartment.