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HomeTopicsMoney and Payments

Amsterdam

Money and Payments

Banking, transfer, and payment setup basics for newcomers.

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AI summary · assistance only

You'll find that managing your finances in Amsterdam can be relatively straightforward, with many banks offering expat-friendly services. Most newcomers opt for online banks like Bunq, which can be opened entirely in-app with a passport and BSN, or ING Bank, the Netherlands' largest retail bank. Watch out for the cost of living in Amsterdam, with a realistic monthly budget for a single expat ranging from 2,000 to 2,500, including rent (1,700-2,200 for a 1-bedroom central apartment) and groceries (250). When receiving your paycheck, understanding your loonstrook is crucial, with key components including bruto salaris and loonheffing. To get started, open a bank account with Bunq or ING Bank today and take control of your finances in Amsterdam.

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Bunq — Dutch fintech bank, excellent for expats

Trust L1Updated Dec 8, 2025

Oud-Zuid · Experience date Nov 15, 2025

Bunq is a Dutch-born online bank that is particularly expat-friendly. Open entirely in-app with passport and BSN — no branch visit. App is in English. Key advantage: multiple IBANs in different currencies (EUR, GBP, USD) — useful for international freelancers. Travel card: no foreign transaction fees. Bunq Easy Money (€9.99/month): includes Green Card Mastercard, instant notifications, savings goals. Bunq Easy Green (€17.99/month): plants trees for every payment. No BSN? Bunq sometimes allows opening with passport only for non-residents — check current policy. Very popular among Amsterdam's digital nomad and startup community.

Contributor: Priya Sharma

ABN AMRO — good for international transfers and expat services

Trust L1Updated Jan 5, 2026

Noord · Experience date Mar 27, 2026

ABN AMRO positions itself as expat-friendly with dedicated international client services. English-language website and app. Expat account: can be opened in some cases before BSN with a passport and employer letter (call their international desk to check current requirements). ABN AMRO offers: Dutch IBAN, Maestro debit card, international SWIFT transfers at competitive rates. Monthly fee: €2.20–5.90 depending on package. Their 'Expat Centre' service at Amsterdam WTC provides support for highly skilled migrants in English. Recommended for: corporate expats arranged through their employer's banking relationship with ABN AMRO.

Contributor: Emma Larsson

Splitting expenses in Amsterdam — Dutch payment culture

Trust L1Updated Jan 2, 2026

Oud-Zuid · Experience date Jan 31, 2026

The Dutch are famous for 'going Dutch' — splitting bills exactly. Tikkie is the dominant expense-splitting app in the Netherlands. Tikkie: send a payment request via WhatsApp, recipient pays via iDEAL. Instant and ubiquitous — every Dutch person knows Tikkie. Tikkie is so embedded in Dutch culture that receiving a Tikkie request is completely normal even between friends. Restaurant bills: almost always split exactly (splitsen). Group dinners: everyone pays their own share. Important cultural note: Dutch directness around money is not rudeness — it's efficiency. Never feel offended by a Tikkie request for €4.50 for coffee — it's how Amsterdam works.

Contributor: Yuki Tanaka

Latest from the community

Dutch tax return — do you have to file?

Mar 9, 2026

De Pijp · Experience date Nov 27, 2025

Dutch income tax return (IRS aangifte): mandatory if Belastingdienst sends you an invitation letter (uitnodiging). Even without invitation: file if you have untaxed income, significant deductions to claim, or received a DigiD. Most Amsterdam expats should file to claim: mortgage interest (if bought property), work-from-home deductions, gifts to Dutch charities, and potentially 30% ruling adjustments. Filing window: March 1 – May 1 for previous year income. File via belastingdienst.nl using DigiD. Pre-filled data: income from your Dutch employer is automatically populated. Average refund for an Amsterdam employee: €200–800 depending on deductions. Consider using a belastingadviseur (tax advisor) in your first Dutch tax year — €150–400, often pays for itself.

Contributor: James Wilson

DigiD — the key to all Dutch government digital services

Mar 5, 2026

Oud-Zuid · Experience date Apr 26, 2026

DigiD (Digitale Identiteit) is your digital identity for all Dutch government interactions. Required for: Belastingdienst (taxes), healthcare insurer registration, BSN queries, healthcare allowance applications, rent allowance, checking your state pension, all government forms. Apply at digid.nl after registering your Dutch address and receiving your BSN. Activation: a letter is sent by post to your Dutch address within 5–10 days with an activation code. Without DigiD: you must visit government offices in person for everything — very inefficient. Priority: get DigiD set up within your first 2 weeks. Two-factor authentication uses your Dutch mobile number — which is why the Dutch SIM is so important.

Contributor: Sophie Martin

Dutch salary structure — holiday allowance and 13th month

Feb 6, 2026

Oost · Experience date Dec 31, 2025

Dutch employment contracts typically include: gross salary (bruto salaris), vakantiegeld (holiday allowance — 8% of annual gross salary, paid in May), and sometimes a 13th month bonus (eindejaarsuitkering). The vakantiegeld (holiday pay) is a significant and sometimes unexpected payment for new expats — effectively one month's extra salary paid in May. Check your contract: is vakantiegeld included in your monthly gross, or paid separately? Most Dutch contracts: separate, paid in May. For a €60,000 gross annual salary: the May vakantiegeld payment is approximately €4,000 gross. Budget for it: many expats use it for their annual summer holiday.

Contributor: Emma Larsson

Dutch pension (AOW and company pension) for expats

Feb 3, 2026

De Pijp · Experience date Jan 28, 2026

Dutch state pension (AOW): you accrue 2% of full AOW per year of Dutch residency between ages 15–67. After 10 years in the Netherlands: you've accrued 20% of full AOW (approximately €400/month). Company pension: most Dutch employers enroll employees in a sector pension fund (pensioenfonds) or company scheme. Contributions: typically 5–8% employee, 10–15% employer. When leaving the Netherlands: your accrued pension rights stay in the Dutch system until retirement age. Request a pension overview at mijnpensioenoverzicht.nl (requires DigiD). For short stays (under 3 years): the pension accrual is real but modest — worth understanding.

Contributor: Sophie Martin

Wise for Amsterdam — essential for international transfers

Jan 28, 2026

Oost · Experience date Feb 18, 2026

Wise is widely used by Amsterdam expats for: receiving salary from abroad, sending money home, and maintaining multi-currency accounts. Wise gives you a Dutch IBAN (Belgian IBAN in some cases) — but note this is NOT a full Dutch bank account and does NOT support iDEAL. Therefore: use Wise alongside a Dutch bank account (ING, ABN AMRO, bunq) — not instead of one. Wise EUR account: free to open, mid-market exchange rate, 0.5% transfer fee. Very useful for: expats working for international companies paying in USD or GBP who need to convert to EUR efficiently.

Contributor: Lucas Mendes

Paycheck in the Netherlands — reading your loonstrook

Jan 23, 2026

Oud-Zuid · Experience date Mar 4, 2026

Understanding your Dutch payslip (loonstrook): Bruto salaris (gross salary), loonheffing (wage tax + national insurance deducted by employer), netto salaris (net take-home), vakantiegeld (holiday allowance — accrued monthly, paid in May), and pension contribution (pensioenpremie). The difference between bruto and netto can be 35–50% — much higher than in many other countries. Expats on the 30% ruling: your payslip should show the 30% tax-free component separately. If your payslip looks incorrect: contact HR immediately. Dutch employers are legally required to issue a payslip each pay period (usually monthly). Digital payslips via HR systems like AFAS or Exact are standard.

Contributor: Amira Hassan

ATMs in Amsterdam — PIN machines everywhere, but less cash culture than Germany

Jan 5, 2026

Noord · Experience date Jan 13, 2026

Amsterdam has widespread ATM access (Geldautomaten). Main networks: ING (blue), ABN AMRO (green), Rabobank (red). Free withdrawals for account holders at own bank ATMs. Foreign card fees: typically €3–5 per withdrawal plus exchange rate. Revolut/Wise cards: no fees at Maestro/Visa ATMs. The Netherlands is becoming increasingly cashless — many Amsterdam restaurants, cafés, and shops are card-only ('geen contant geld'). Always ask before assuming cash is accepted. iDEAL and contactless card (debit) is the dominant payment method. Maintaining €50 cash is advisable for the few remaining cash-only venues.

Contributor: Yuki Tanaka
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