Opening a business account in the Netherlands

Entrepreneurs from abroad. If you plan to start doing business in the Netherlands and being active here, then you require a business (IBAN) account. Still need to open an account? By completing the Quick Scan ‘Dutch Business Bank Account’ at the bottom of this page, you can quickly find out if you are eligible to apply for a business account in the Netherlands.

At this page (scroll down):

  • Opening a business account in The Netherlands; how does it work? (video)
  • Highlights
  • How it works
  • Banks
  • Frequently Asked Questions
  • More information

Highlights

  • You must have an IBAN account in order to do business in the Netherlands. This enables account holders in the SEPA Zone to make national and cross-border euro payments easily and securely. SEPA stands for: Single European Payment Area (SEPA). The SEPA Zone consists of the EU member states, plus, Iceland, Lichtenstein, Norway and Switzerland.
  • Are you an entrepreneur currently located outside the SEPA Zone? Do you plan to do business in or from the Netherlands? In that case, it is necessary to apply for a business account with a bank located in the Netherlands. Due to strict legislation and individual acceptance policy, the banks are required to scrutinise applications thoroughly. For example, they need to know where you obtained your investment capital. Or who the actual stakeholders in the company are. It can take quite some time for a bank to complete this kind of evaluation.
  • Dutch banks work together in order to quickly inform a foreign entrepreneur if they are eligible to apply for an account. For that purpose, the Dutch Banking Association (Nederlandse Vereniging van Banken) has created the Quick Scan “Dutch Business Bank Account”, which is intended for entrepreneurs who are already in the process of registering with the Dutch Chamber of Commerce (Kamer van Koophandel) and obtaining a residence permit.
  • Complete the Quick Scan and send a scanned copy of the form, along with the requested documents, to the bank of your choice. There are three Dutch banks to choose from: Rabobank, ABN AMRO and ING. The bank you select will then evaluate the responses you provided in the Quick Scan.
  • Are you receiving assistance from the Netherlands Foreign Investment Agency (NFIA) or from another facilitator? Then the bank will confirm the probability of a successful application to open an account within 5 business days of receipt of the Quick Scan. If you are not receiving any assistance from the NFIA or from another facilitator, you can still complete the Quick Scan and send the Quick Scan directly to Rabobank or ABN AMRO. In this case, it may take longer than 5 business days to process your application. If you would like to open an account at ING you can directly contact a local office.
  • Please note: completing the Quick Scan is not an accelerated process for becoming a customer of a bank and obtaining an active account. Based on the information you provide, the bank determines if an application can be dealt with.
  • If you are eligible to apply, the bank will begin the regular application process, during which you will have a regular contact person at the bank. You will receive a status update on your application at least once a month.
  • The request can be submitted to any bank with a branch in the Netherlands. The evaluation can take quite some time. The three banks who work with the Quick Scan guarantee to quickly inform you if you are eligible to apply for a business account with their bank.

How it works

  1. Download the Quick Scan “Dutch Business Bank Account” here
  2. Answer the questions and attach the requested documents
  3. Mail the completed Quick Scan and the documents to the bank of your choice:

Business.gov.nl, The Netherlands Chamber of Commerce, the Netherlands Enterprise Agency, and the Dutch Banking Association (NVB) broadcast the webinar 'Financing your business in the Netherlands'. You can watch the video at: business.gov.nl.

BANKS

ABN AMRO

ABN AMRO is a leading Dutch bank, headquartered in Amsterdam, that serves Retail, Private and Corporate Banking Clients. The bank’s primary focus is on The Netherlands, in addition to having strategic international presence. We offer our clients a full range of comprehensive products & services distributed through our omni-channel’s; including advanced mobile applications and internet banking. One of our core functions is delivering in-depth financial expertise and extensive knowledge throughout various business sectors.

A key goal within ABN AMRO’s strategy is to “re-invent the customer experience”, in addition to our strong focus on sustainability and corporate responsibility.

The international business and expat market has been continuously growing in The Netherlands. We, as ABN AMRO, want to help make the transition as easy and seamless as possible by offering care-free financial services within the boundaries set by international law and legislation. Therefore we have set up a multi-disciplinary team of specialists called “New Business International”.

New Business International
The main focus of this proposition is aimed at international companies and international private clients who are moving to the Netherlands. We make it possible for international companies and international private clients to bank with ABN AMRO.

“Corporate Non-Residents” is a specialized department within ABN AMRO, offering a range of expert services to foreign companies. This dedicated department consists of experienced relationship managers who will act as your single point of contact; to meet your banking requirements, on a best effort basis. Further easing the process, our “International Clients” department, also geared towards servicing the corporate clients’ staff, is able to provide tailor-made advice in 15 different languages. Having a professional reputation and expertise, we can help our clients find the perfect location to set up a business, a perfect home and the perfect school for their children.

We are a client-focused and data-driven organisation that cherishes the client relationship and delivers an effortless and recognisable client experience.

For further information please visit our website: abnamro.nl

ING

ING’s strengths include a well-known brand that is positively recognised in many markets, a strong financial position, our international network and omnichannel distribution strategy. Not to mention our efforts to contribute to a sustainable world. ING is among the leading banks in the Dow Jones Sustainability Index (Europe and World) and is included in the FTSE4Good index.

Our purpose is to empower people to stay a step ahead in life and in business.

Our purpose guides us in everything we do. It’s founded on our belief that ING’s role as a financial institution is to support and promote economic, social and environmental progress, and at the same time generate healthy returns for shareholders. To deliver on our purpose, we have defined our Customer Promise. These are the four ways we will empower our customers with a differentiating experience.

Clear and easy
Banking doesn’t have to be difficult and time consuming. It’s all about clear products, plain language, fair prices and simple processes that save both time and money.

Anytime, anywhere
Banking should be possible anytime and anywhere, irrespective of where and how people access our products and services.

Empower
The best financial decisions are informed decisions. Customers want relevant, up-to-date information at their fingertips. They need to understand the available choices, and their implications, both today and for the future.

Keep getting better
Life and business are about moving forward. We will keep looking for ways to improve and for new ideas, new solutions and new approaches to make things easier for our customers. That way, we can all stay a step ahead.

More information about ING Group can be found on our group website. More information on the banking services in the Netherlands can be found on our website.

Rabobank

Rabobank is a bank by and for customers, a cooperative bank, a socially-responsible bank. Our aim is to be market leader across all financial markets in the Netherlands. We are also committed to being a leading bank in the field of food and agri worldwide.

Rabobank is an international financial services provider, operating on the basis of cooperative principles. It offers retail banking, wholesale banking, private banking, leasing and real estate services. As a cooperative bank, Rabobank puts customers’ interests first in its services. It serves approximately 8.3 million clients around the world. It is committed to making a substantial contribution to welfare and prosperity in the Netherland and to feeding the world sustainably. We put the interests and ambitions of our customers and members first. With nearly two million members, we are one of the largest cooperatives in the Netherlands. And our members are more than just customers. They have a voice in deciding the bank's strategic course. Our commercially independent local Rabobanks form the most finely-meshed banking network in the Netherlands. They serve millions of Dutch retail and wholesale customers with a full range of financial services. We are market leader in the Netherlands in a number of segments.

Our cooperative identity stems back to the late 19th century when a group of farmers founded the first agricultural cooperative banks. Our strong agricultural roots mean that we have unparalleled knowledge in the food and agri industry. We are by far the largest bank in the Netherlands in this field and our ambition is to become the world’s leading food and agri bank. Based on this ambition, we are dedicated to making a contribution to bringing about global food safety and security. For more information: rabobank.nl

Frequently Asked Questions

No, you can also open a bank account at another bank within the SEPA area. But you can only complete and send in the Quick Scan if you wish to open a bank account at one of these three banks. Other banks are not collaborating in this process.

No. It is not possible to apply for a business account without a Chamber of Commerce number.

Yes, only if you fill in all the questions and enclose the requested documents and you are being assisted by the NFIA or a facilitator the bank will be able to inform you about your application within five business days. Without the assistance of the NFIA or a facilitator, the processing time could be longer than five business days.

The bank will contact you by email. If you are being assisted by the NFIA or a facilitator, you will be contacted within five business days. Without the assistance of the NFIA or a facilitator, the processing time at ABN AMRO and Rabobank could be longer than five business days. The bank will inform you by email whether an application for a business bank account is feasible. Entrepeneurs without the assistance of the NFIA or a facilitator who want to have an account at ING, can contact a local ING office.

Each bank will perform a customer due diligence after a first positive assessment when you wish to become a customer at the bank. This customer due diligence is partially legally required and partially based on the bank's policy. For instance, most banks do not accept companies with business activities that are harmful for people or the environment.
The processing time of this due diligence also depends on the bank of your choice, on the complexity of your organisational structure, completeness of the documentation and information, etc.

Only when you are being assisted by the NFIA or a facilitator, you should fill in the name of the contact person here. If you do not have a contact person, then leave this blank.

The personal contact with all banks is in English. The documents received from ING are in Dutch. Rabobank and ABN AMRO will send you documents in English.

At ABN AMRO and the Rabobank, it is also possible to send a copy of an identification document legalised by a notary.