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Free bank accounts in the Netherlands

Compare the options below and find the best free bank account for you.

Bank accounts are useful personal finance tools to help you save more, but pesky monthly and annual fees could keep you from achieving your savings goals. Free bank accounts, or bank accounts with no monthly and annual fees, are therefore great options for you to consider.

Use this guide to explore the range of free bank accounts available in the Netherlands, and compare your options to pick the best one for you.

Compare a range of free bank accounts in the Netherlands

1 - 9 of 9
Name Product Mobile View Digital Banks EN Monthly fee Card delivery Mobile payments Supported currencies
Wirex Standard
  • Monthly fee

    € 0

  • Card delivery

    Up to 4 business days

  • Mobile payments

  • Supported currencies

    12

€ 0
Up to 4 business days
Apple Pay, Google Pay

12

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Benefit from an array of digital payment features, including a free prepaid Wirex card and unlimited fee-free transfers at interbank rates - with zero monthly subscription fee.
N26 Bank Account
  • Monthly fee

    € 0

  • Card delivery

    Up to 10 working days

  • Mobile payments

  • Supported currencies

    1

€ 0
Up to 10 working days
Apple Pay, Google Pay

1

Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save.
Wise Multicurrency Account
Wise Multicurrency Account
  • Monthly fee

    € 0

  • Card delivery

    Up to 14 working days

  • Mobile payments

  • Supported currencies

    17

€ 0
Up to 14 working days
Apple Pay, Google Pay

17

Wise (formerly TransferWise) is an international account for over 50 currencies, with instant, super-cheap money transfer, a card to spend in any currency, bank details to get paid in 30 different countries and multi-currency direct debits.
Revolut Standard
  • Monthly fee

    € 0

  • Card delivery

    Up to 9 working days

  • Mobile payments

  • Supported currencies

    20

€ 0
Up to 9 working days
Apple Pay, Google Pay

20

Enjoy no monthly fee, no currency conversion fees up to € 1,000 per month and the ability to hold up to 16 currencies in your account.
Openbank Open Payment Account
  • Monthly fee

    € 0

  • Card delivery

    N/A

  • Mobile payments

  • Supported currencies

    1

€ 0
N/A
Apple Pay, Google Pay

1

An open payment account with € 0 fees and free domestic and EU transfers. Includes a free debit card with travel benefits.
Nuri
  • Monthly fee

    € 0

  • Card delivery

    Up to 14 days

  • Mobile payments

  • Supported currencies

    1

€ 0
Up to 14 days
Apple Pay, Google Pay, Samsung Pay

1

Invest in cryptocurrencies and enjoy up to 5% interest per year on Bitcoin deposits with this digital bank account
VIALET Current Account
  • Monthly fee

    € 0

  • Card delivery

    Up to 7 working days

  • Mobile payments

  • Supported currencies

    1

€ 0
Up to 7 working days
Apple Pay, Google Pay

1

An IBAN account you can use to manage your money and spend in over 200 countries worldwide, fee-free.
Vivid Standard
  • Monthly fee

    € 0

  • Card delivery

    4-5 days

  • Mobile payments

  • Supported currencies

    1

€ 0
4-5 days
Apple Pay, Google Pay

1

A free bank account with fee-free payments and transfers globally. Enjoy up to 10% cashback per month.
Monese Starter
  • Monthly fee

    € 0

  • Card delivery

    Up to 3 working days

  • Mobile payments

  • Supported currencies

    2

€ 0
Up to 3 working days
Apple Pay, Google Pay

2

A dual currency account with no foreign currency fees up to N/A. Features include budgeting tools and multilingual support.
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Compare up to 4 providers

Disclaimer: The products listed on this page are not representative of the whole market.

What free bank accounts are available in the Netherlands?

Here are a few free bank accounts you may want to consider, including student accounts and digital bank accounts:

  • N26 Bank Account. N26 is a German digital bank that offers its services in the Netherlands as well. The standard N26 bank account does not charge any recurring monthly fees or maintenance charges. Watch out for the 1.7% ATM transaction fee for withdrawing in any currency other than the Euro.
  • Revolut Standard. Revolut is another digital bank that also offers a free account option. The Revolut Standard account comes with features including no monthly fees and no currency conversion fees up to € 6,000 per month. Take note that international ATM withdrawals are only free to a limit of €200 per month.
  • OpenBank. OpenBank is a Spanish digital bank that also offers a free bank account. They also offer advantages when you spend a lot of time abroad.
  • ASN Bank. ASN Bank is a Dutch bank with a focus on being socially responsible. There are three different free account tiers – an ASN Junior Account for those aged 6 to 12, an ASN Youth Account for those aged 12 to 25, and an ASN Student Account for those aged 17 to 26. Each bank account comes with its own features from beginner debit cards with a weekly limit to contactless mobile payments.
  • ABN Amro. In the Netherlands, ABN Amro is well-known as one of the few banks with a strong multilingual customer support experience. However, their only free bank account is their Student Account package for Dutch students.
  • ING. ING is a major Dutch bank that it offers free accounts for children and students. Just like ABN Amro, they have a children’s account for 0-12 years, a youth account for 12-18 years and a student package for Dutch students.

How can a checking account be free?

Since most banks in the Netherlands charge a fee for bank accounts, why do a handful of these bank offer free account options? Here’s why:

  • Lower transfer costs. Since the introduction of the IBAN account numbers, bank transfers have become much easier to manage, which has significantly reduced costs.
  • No offices. Most banks that offer free accounts are digital banks, which doesn’t have any physical offices. This way, they save on rent or other fixed costs.
  • Limited free options. With a free bank account you can manage your money for free, but you’d often pay extra for cash withdrawal, overseas transfers or requesting a replacement card etc.
  • Premium services. Many banks that offer a free checking account also offer premium accounts, which will cost a monthly fee. With premium accounts, you can benefit from free use of options that may not be offered by free accounts, or you’d have to pay for.
  • Investments. Most digital banks run on investments and have time to develop a revenue model. Once they have enough paying customers on board, the banks can sustain their businesses through loans and other credits products.

What type of fees should I watch out for?

Free bank accounts charge no monthly or annual fees, but there are some other charges that you should look out for:

  • Currency conversion fees
  • Card delivery and replacement costs
  • Card customisation fees
  • ATM withdrawal premiums
  • Overseas ATM withdrawal fees
  • Paper statement fees
  • Overdraft charges
  • Wire transfer fees
  • Phone banking costs
  • International payment fees

If you tend to use most of the above options frequently, it may be beneficial to look for a premium account. For this you’d need to pay monthly fees, but overall it’ll cost less than using these features with a free checking account.

Compare cheap bank accounts here

What else should I consider when opening a bank account?

Just because a bank account is free doesn’t mean it’s the best bank account for you. There is a range of factors, besides cost, that you should consider before opening a bank account. Here are some factors you may wish to consider.

  • Promotions, deals and discounts. Select bank providers offer bank accounts that come with exclusive perks and privileges. This could involve rebate on your everyday spending, free insurance, access to travel lounges or even fine dining vouchers.
  • Customer service. How accessible is your bank’s customer service team? Do they have in-app chat features or an international hotline for you to reach?
  • Specialised bank accounts. The best bank account for you is ultimately one that suits your financial profile. Students might, therefore, prefer student-specific accounts, while enterprises might prefer corporate bank accounts. These specialised accounts tend to offer customised features to best suit your banking needs.
  • Interest rates. Is the main purpose of your bank account for savings? If so, you might prefer a bank account with higher interest rates to help you grow your cash quickly.
  • Online banking. Internet banking has brought us a world of convenience. Bank accounts with seamless online integration could help you send and receive money any time. Even better, digital banks give you control of your money with budgeting tools and smart money apps.

Foreign banks vs. Dutch banks

As you may have realised by now, most free accounts are offered by foreign banks. But with IBAN account numbers, you can use these account as per normal. Your employer can simply credit your salary into that account and you can also have direct debits conducted from a foreign IBAN account.

However, there’s a number of things you should take into account when opening a checking account with a foreign bank:

  • You cannot pay online with iDEAL. Only Dutch banks are affiliated with iDEAL. However, this is not much of an issue since you can still make online purchases with prepaid credit cards.
  • You do not always receive a Maestro payment card. In the Netherlands, the debit card (a Maestro payment card) is still the most widely accepted payment card. Most of the time, you can’t even pay with a credit card in the supermarket. So check if it’s possible to receive a Maestro payment card with the account so that you can pay for your shopping.
  • You may not use a switching service. Within the Netherlands, banks have mutually agreed that customers should be able to switch banks with ease. With a switching service, data is automatically exchanged between the banks, so you don’t have to worry about whether all payments are being debited from the right account. However, this is usually not possible when you switch to a foreign bank.
  • You may not always be able to apply for a credit card. Although you’ll receive a free prepaid credit card with most free bank accounts, this is not the same as a standard credit card. You’ll not be able to spend on credit with a prepaid card and may not be as widely accepted.

What are the pros and cons of a free bank account?

Benefits

  • No monthly or yearly recurring costs
  • Comes with an IBAN account number
  • Often including a free prepaid credit card
  • You can conduct everything online or via the app
  • Low exchange fees for foreign currencies

Cons

  • Customer service can only be reached via chat or e-mail and sometimes by telephone
  • Support may not always be available in Dutch
  • Often limited number of cash withdrawals per month
  • Limited or no options for cash deposits
  • Limited or no credit options

How do I switch to a free bank account?

The switching process to a bank that offers a free account is basically the same as when you switch to any other bank.

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