Can a Foreigner Open a Bank Account in the Netherlands?

Have you ever been to the Netherlands? Tulips, iconic windmills, delicious cheese, Van Gogh, caramelised stroopwafels, and breathtaking canals. The Venice of the North! Ah, a unique country with a free spirit gets in travellers’ blood and stays there forever. No, it is not the cool and sophisticated coffee shops, but the way of life there. This indescribable serenity makes you think that time flows slower in this green land. There are three words to describe this spectacular country: freedom, equality, and solidarity.

The Netherlands also have The Caribbean overseas territories (Bonaire, Sint Eustatius, Saba) from the Dutch Golden Age and period of colonisation through the Dutch East India Company and the Dutch West India Company. Nederland shares its borders with Germany to the east, Belgium to the south, and a North Sea coastline to the north. This excellent location is why the country is the 17th largest economy and 10th leading exporter worldwide. 

As one of the most secularised countries around the globe, The Netherlands, informally Holland, are known for their tolerance of different cultures and diversity. Considering the low crime rate, high human development, press freedom, and happiness (fifth on the 2021 Happiness Index), it would not be inaccurate to conclude that Dutch people have high living standards. 

Thanks to the social harmony, being the fifth most competitive economy worldwide, the legalisation of same-sex marriage, and a liberal drug policy, this utopic country is a perfect spot for immigrants dreaming of residing worldwide.

When we look at the inviting multicultural structure, stability and strong trading partnerships with Germany, Belgium, the United Kingdom, France, Italy, China, the United States, and Russia, Netherlands bank accounts are considerably in demand by businesses, expats, entrepreneurs, and immigrants dreaming of a better life in a civilised European country. Like a duck in the water, here in Amstel River, they search for convenient ways of opening a bank account in the Netherlands. 

Opening a Dutch Bank Account

Most banks allow you to own a Netherlands bank account when you apply in person. Therefore, you need to pay a visit there to open one. Besides this, some banks may serve online applications through a camera. But in both scenarios, you will be under the obligation of presenting some documents. The documentation required includes:

  • Valid Identification such as national ID or passport, 
  • BSN (Citizen service number), which you’ll get when you register with the tax office
  • Proof of address (your rental contract, a utility bill or another bank statement)

* If it is a joint account, the documents for both account holders must be given.  

Thinking of the advantages of having an offshore account in the Netherlands, this process is not as challenging as it looks like. Once you own one, you will have full access to insurance products, savings, loans, mortgages, investments, retirement plans, international money transfer options, and credit card products to utilise in your Netherlands payments. 

Digital Wallets in the Netherlands

Residents of Holland have an open-minded approach to what’s new. They have adopted the latest payment methods in the Netherlands in a blink of an eye. According to statistics, a significant share of the payment sector consists of digital payments and electronic wallets. This data gives us a clue regarding the users’ tendency to cutting-edge technologies, going online, speed and functionality. Moreover, we would like to add that contactless payments and crypto wallets are also all the go in this mesmerising country as much as other Netherlands digital payments.

Jeton in Nederland

Our impressive and seamless e-wallet, Jeton Wallet, is an excellent alternative to traditional banking accounts. Without the obligation of applying in person, we give you the comfy opportunity to open an account overseas. Our users will get EUR IBAN instantly to manage their international payments and money transfers without hidden fees. 

Open a Jeton account now and experience the privileges of using an avant-garde platform with the latest innovative novelties. Whether you are an individual or a business owner, our platform is on the hold for custom-made solutions to fulfil your needs and expectations! 

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