Page 49

FINANCE

FINANCE

Money matters can be complex, and the Dutch tax system is anything but simple.

• Before you open a Dutch bank account, you should have no problem obtaining cash from an overseas account using an ATM. • If you want to exchange cash, services can be found at a GWK exchange office. • The Netherlands is on the euro, and paper denominations are EUR 5, 10, 20, 50, 100, 200 and 500 (good to know: 100, 200 and 500 cannot be exchanged); coins come in denominations of EUR 1, EUR 2, and 0.05, 0.10, 0.20 and 0.50 eurocents. One and two euro cents have been discontinued. • All major credit cards are accepted but not everywhere. Hotels, restaurants, large department stores and tourist attractions present no problem, but you can’t use a credit card in the supermarket. • Cash is still widely used, but the most common method of payment is pinnen, using a debit card with a PIN code.

OPENING A DUTCH BANK ACCOUNT

Documents generally required:

• The main Dutch banks are: • ABN AMRO: www.abnamro.nl/en • ING Bank: www.ing.nl • Rabobank: www.rabobank.nl

• Valid ID, plus residence permit if applicable; • BSN burgerservicenummer, which you’ll get when you register with the BRP or direct from the tax office; • Proof of address (bevolkingsregister extract, utility bill, rental contract etc.).

ABN AMRO has the most information in English online and a special International Clients Desk, but you should generally have no problem conducting business in English at any of them. At most banks you will also find financial providers aimed specifically at expat clients, with extensive English-language services.

If you want to open anything other than a savings only account you may also need evidence of income, such as an employment contract or payslip.

WWW.EXPATFAIR.NL | THE NETHERLANDS | SURVIVAL GUIDE FOR INTERNATIONALS 2020

47

Profile for i am not a tourist

Expat Survival Guide 2020 - The Netherlands  

The Expat Survival Guide assists your first essential steps: finding a home and job, organising permits, setting up finances and healthcare,...

Expat Survival Guide 2020 - The Netherlands  

The Expat Survival Guide assists your first essential steps: finding a home and job, organising permits, setting up finances and healthcare,...

Advertisement