Opening a Bank Account

Why a Dutch Bank Account Is Essential for Student Life

Starting your studies in the Netherlands is an exciting step, and getting your practical affairs in order will help you settle in smoothly. One of the first things you’ll need to arrange is opening a Dutch bank account. Whether you're here for a full degree programme or an exchange semester, having a local bank account is essential for managing your finances and participating fully in Dutch student life.

From paying rent and tuition fees to buying groceries or splitting bills with friends, most transactions in the Netherlands are cashless and rely on debit cards or mobile banking apps. Many online platforms and services use iDEAL, a Dutch payment system that requires a local IBAN. Apps like Tikkie, which allow you to easily request or send payments, are especially popular among students and require a Dutch account to function properly. So without a Dutch bank account, you may find it difficult to make purchases or pay for services.

Additionally, landlords, universities, and even mobile providers often expect you to have a local bank account for direct debit payments. Credit cards are not widely accepted, so relying on one may limit your ability to pay in shops, restaurants, or online.

This guide will walk you through everything you need to know about opening a Dutch bank account: why it's necessary, what documents you’ll need, how to choose the right bank, and how to apply. We’ll also explain what happens after you submit your application, outline typical costs and fees, highlight useful banking features, and answer common questions. Finally, we’ll share some practical tips to help you get started with confidence.

Document Checklist

Before applying, make sure you have:

  • A valid ID (passport or EU ID card)
  • Proof of Dutch address (rental contract or registration)
  • Proof of Wittenborg enrolment
  • A BSN (Citizen Service Number) 
    For some banks, you can submit your BSN a few weeks after opening the account. Check with your bank for the options.
  • Dutch residence permit (non-EU students only)

Choosing a Bank

Traditional Banks

A 'traditional bank' has physical branch offices that you can visit in person. Below are some common examples. This is not an exhaustive list:

Online Banks

Online banks generally offer digital-only support. Below are some common examples. This is not an exhaustive list:

How to Apply

Online
Most banks offer online or app-based registration. You can upload documents, verify your identity, and receive your debit card by mail.
 
In-Person
Some banks, such as ING or Rabobank, may require a visit to a branch for ID verification, especially for non-EU students.

What Happens After You Apply?

  • You will receive your debit card and PIN code by mail.
  • You will gain access to the bank's mobile banking app.
  • Some banks may send a security device for online banking.
  • If you did not provide your BSN during registration, you must submit it within 3 months.

Costs and Fees

  • Monthly fees: €0–€5, depending on the bank and account type.
  • ATM withdrawals: Free at most Dutch ATMs; fees may apply when withdrawing abroad.
  • Credit cards: Less common; debit cards (Maestro or VPay) are standard.

Useful Banking Features

  • iDEAL: Used for online payments, such as tuition fees or shopping.
  • Tikkie: An app for requesting money from friends.
  • Mobile banking apps: Most banks offer apps in English.
  • Savings accounts: Available, though interest rates are generally low.

FAQ

1. Can I open a bank account without a BSN?

Yes, some banks, such as bunq and ABN AMRO, allow you to open an account and submit your BSN within 3 months.
 

2. How long does it take to open an account?

Online banks may approve accounts within 24–48 hours. Traditional banks may take 3–7 business days.
 

3. Can I open an account before arriving in the Netherlands?

EU students may be able to open accounts with online banks like N26 or Revolut. Non-EU students usually need to be registered locally first.
 

4. Do I need DigiD to open a bank account?

No, DigiD (the Dutch digital identification system used for government services) is not required for banking. However, it is useful for accessing online government services, such as healthcare, tax, etc.
 

5. What if I change my address or school?

You must update your bank with your new details to avoid account restrictions.
 

6. Can I use my foreign bank account in the Netherlands?

Temporarily, yes. But many services, such as paying rent or using iDEAL, require a Dutch IBAN.

Final Tips

  • Start early: Begin the process as soon as you arrive in the Netherlands or receive your BSN.
  • Compare banks: Look at fees, mobile features, and language support.
  • Ask about student packages: These may include free insurance, bonuses or other benefits.
  • Use mobile apps: They make payments and transfers easier and faster.