How to choose the best bank for you

Getting a bank account sorted is always a priority when arriving in a new country. However, managing your finances when you've only just arrived can be tricky.

Download the bunq app today and join thousands of internationals who have already made the switch.

Choosing the right bank can make settling in much easier. Whether you're opening your first Dutch account or switching to a smarter option, here’s how to choose the best fit.

Key factors to consider when choosing a bank

It may seem like there's a lot to weigh up when opening a bank account, but by following this simple checklist and thinking about what you want for each option, you'll find your perfect banking partner in no time.

1. Quick setup

Avoid banks that require extensive paperwork or weeks of waiting. Look for options that allow you to open an account quickly, even if you don’t yet have a Dutch BSN (tax ID).

• You can open your account in just five minutes via the bunq app - no branch visits, no paperwork, no BSN required. Designed for expats, bunq makes getting started stress-free.

2. Language support

Choose a bank that offers services in English or your preferred language to avoid unnecessary confusion.

• bunq lets you bank in English or other languages. Need help? Real-time AI translation ensures seamless communication with support.

3. Currency options

If you earn, hold or spend in different currencies, choose a bank that supports multiple currencies and offers minimal exchange fees.

• Hold, convert, and spend in US dollars, British pounds or more than 15 other foreign currencies with low fees by banking with bunq. Sending money abroad or travelling? It’s quick and easy. 

4. Card payment accessibility

Card payments are widely accepted across the Netherlands. However, if you want a credit card linked to your Dutch account, your bank will often charge additional fees.

• A (virtual) credit/debit card is included in every plan at bunq - perfect for groceries, shopping and those comforts that help you feel settled as soon as you land!

5. Transparent pricing

Hidden fees are a no-go. Look for clear, upfront costs to avoid unpleasant surprises. Most Dutch banks charge around three euros per month for basic accounts.

• bunq doesn't believe in hidden costs. Choose a plan that fits your needs, or start with bunq’s free option for straightforward pricing. Whether travelling or transferring money abroad, bunq makes it easy.

6. Smart features

A good bank doesn’t just store your money; it helps you manage it. Tools like budgeting features, automated savings and real-time insights make staying on top of your finances easier.

• Stay in control of your finances with bunq's smart budgeting tools such as real-time notifications, automated savings, and clear spending insights - all accessible from your phone.

7. Savings

The right bank should be there to help your savings grow. Interest rates on savings accounts can vary significantly among Dutch banks so shop around for the best options for you.

• bunq offers a competitive interest rate of up to 2,67 percent on your savings, paid out weekly, so you benefit from compound interest and reach your goals even quicker.

8. Sustainability

If sustainability matters to you, consider a bank that supports green initiatives or offsets its carbon footprint. Your banking choice can align with your values.

• For every 100 euros spent, bunq plants a tree. As the world’s first CO2-free bank, bunq lets you bank sustainably and contribute to a greener planet.

Your next step

Choosing the right bank can transform your expat experience. With quick setup, multi-currency options and eco-friendly initiatives, bunq is your ideal partner in the Netherlands. Learn more here.