Banking in the Netherlands: Complete Guide to Dutch Financial System and Services
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Banking in the Netherlands: Complete Guide to Dutch Financial System and Services

James Van Der Berg
James Van Der Berg January 25, 2026 1 min read 12

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The Netherlands hosts one of the world's strongest banking systems with 96 national and international banks plus approximately 140 local cooperative banks regulated by the central bank. Understanding Dutch banking practices helps expatriates navigate financial services efficiently.

The Dutch Banking Landscape

At ExpatsList, we help millions of expats worldwide.

The Netherlands hosts 96 national and international banks plus approximately 140 local cooperative banks, creating a strong financial system regulated by De Nederlandsche Bank (central bank) and the Dutch Authority for Financial Markets (AFM). The country's banking assets represent 314 percent of GDP, one of the world's strongest banking sectors.

However, physical banking has declined dramatically. In 2010, the Nethe

Frequently Asked Questions

How many banks are there in the Netherlands?
The Netherlands has 96 national and international banks plus approximately 140 local cooperative banks, regulated by De Nederlandsche Bank (DNB) and the Dutch Authority for Financial Markets (AFM).
Do Dutch people use credit cards?
No, credit card usage is extremely rare in the Netherlands. Only 0.6 percent of retail transactions used credit cards in 2019. Debit cards dominate, accounting for over two-thirds of all retail transactions. Many Dutch stores don't accept credit cards at all.
What is the best way to transfer money internationally from the Netherlands?
Alternative transfer services like Wise, Atlantic Money, CurrencyFair, and XE offer better rates than traditional banks. Traditional banks charge 12-15 euros plus 1-2 percent markup on exchange rates, while transfer services typically charge 0.47-1 percent with mid-market rates.
Written by
James Van Der Berg
James Van Der Berg
United Kingdom From London, United Kingdom | Netherlands Living in Amsterdam, Netherlands

Ever wonder if leaving London's finance scene for Amsterdam was worth it? Six years later: yes. Better work-life balance, worse weather, surprisingly good Indonesian food. I write about making the jump to the Netherlands.

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