Banking in the Netherlands
Without a Dutch bank account, everyday life in the Netherlands is extremely difficult. Learn how to navigate the BSN requirements and choose the right bank.
Last checked: August 2026·Content Transparency
Who is this guide for?
- You recently arrived in the Netherlands.
- You need an account to receive your salary or pay rent.
- You want to use iDEAL / Wero for online payments.
Why does this matter?
While your foreign credit card might work in tourist areas, the Dutch economy runs on a system called iDEAL / Wero. This is used for everything from paying your energy bill to ordering groceries online. You can only use iDEAL / Wero if you have a bank account at a participating bank.
The BSN "Catch-22"
By law, traditional Dutch banks (like ABN AMRO, ING, and Rabobank) must register your Citizen Service Number (BSN) to report to the tax authorities. This creates a famous problem for new expats: you cannot open an account without a BSN, but it can take weeks to get your BSN appointment.
- Traditional BanksRequire a BSN and a registered Dutch address immediately. Best if you have already completed your municipal registration.
- Online / Neo-banksAllow you to open an account with just a passport and a temporary address. You are given 30 to 90 days to provide your BSN later.
How to open an account
- Choose your bank type: Decide if you can wait for your BSN or need an account immediately via a neo-bank.
- Gather documents: Passport, employment contract (sometimes required), and proof of address.
- Apply: Most banks allow you to apply completely online via their mobile app.
- Identity Verification: You will usually have to take a photo of your ID and record a short video of your face.