8 Best Business Bank Accounts in the Netherlands

If you're a resident planning to set up a company in the Netherlands, you’ll need a European business bank account with an IBAN number. This account will help you pay suppliers, receive payments, and manage your taxes efficiently in the Netherlands and across the EU.

In this guide, we will explore the best available traditional high street banks like ING, ABN AMRO, and Rabobank and online-only neobanks like bunq, Wise Business, N26, and Revolut Business.

Requirements to Open a Business Bank Account

Before diving into our top picks, let’s go over some requirements to open a business bank account in the Netherlands, especially for entrepreneurs not from the SEPA zone:

To open a business bank account in the Netherlands, you typically need:

• Proof of identity (passport or ID);
• Proof of residence (utility bill or rental agreement);
• Company registration documents (including KVK number).

These documents ensure that you legally own and operate an eligible business within the Netherlands.

Entrepreneurs in the SEPA Zone

If you already have an IBAN from a bank within the SEPA (Single Euro Payment Area) zone, you do not need to open another account. You can continue to use your European IBAN from your home country. Just make sure to register your business at the Netherlands Chamber of Commerce (KVK).

However, if you're from outside the SEPA zone, you'll need to register your business locally and open a new Dutch bank account. This local account will be essential for making euro (€) business transactions in the Netherlands and throughout the entire SEPA zone.

What Is Quick Scan and How It Works

The Quick Scan is a government initiative in the Netherlands designed for foreign entrepreneurs who want to open a Dutch business bank account. This process allows you to assess your eligibility quickly by answering specific questions about your business setup.

We recommend using this government service if you're already registering with the KVK. If eligible, you can submit this scan along with required documents at participating banks to expedite your application process.

Now let's go over our list of the best business bank accounts available in the Netherlands:

ING

ING is one of the largest banks in the Netherlands (and one of the best known in the world) providing a wide range of banking services to sole proprietors, SMEs, and large corporations since 1762. It's generally a good choice for established companies that require extensive banking services like loans and investment options.

Their business account waives the €9.90 monthly maintenance fee for the first six months. You'll get a debit card and an account with the ING mobile app.

• Monthly Fee: €9.90
• Minimum Balance: None

ABN AMRO

Established in 1824, ABN AMRO focuses on international companies and private clients moving to the Netherlands. Its services are geared toward businesses that are relocating operations or establishing a presence in the Netherlands.

Their Smart plan, starting at €9.90 per month, offers a basic online setup with a business checking account and a debit card but lacks additional payment accounts or cards.

The Ambitious plan, from €13.75 per month, includes everything in the Smart plan plus accounting support and the option to call customer service.

Finally, the Borderless plan, priced from €22.25 per month, provides the most comprehensive features, including multiple business current accounts and all the benefits of the previous plans.

• Smart: €9.90 per month
• Ambitious: €13.75 per month
• Borderless: €22.25 per month
• Minimum Balance: None

Rabobank

Founded in 1898, Rabobank has a strong focus on SMEs and agricultural businesses. It is best suited for established SMEs and corporations. The bank offers a checking account for basic payments and receipts, savings accounts, insurance policies, and various debt products to finance your company.

Their online business banking costs €9.95 per month, although you can waive this fee for the first 6 months if you are a new business.

• Monthly Fee: €9.95
• Minimum Balance: None

Revolut Business

Revolut is a UK-based fintech company that has become one of the most well-known and successful of its kind in the world. Revolut Business is suitable for businesses with international teams that need expense management tools and virtual cards for spending in the Netherlands and abroad.

In addition, it offers a multi-currency account and very competitive exchange rates for currency conversions.

• Free instant payments between Revolut Business and Personal accounts in 25+ currencies across more than 160 countries globally
• Comprehensive payment acceptance suite including Revolut Pay, card readers, Point of Sale (POS) system with QR code ordering for hospitality, Payment Links, and invoicing tools
• Bulk payment automation for supplier payments, payroll processing, and invoice management with error detection
• Advanced team management with unlimited team members, role-based access controls, custom spending periods, and enhanced merchant restrictions
• Global business overview allowing management of multiple business entities from a single dashboard

Monthly fees start at €10 for the Basic Plan and go up to €30+ per month. Paid plans give you more allowances for no-fee currency exchange, travel insurance, airport lounge access, and many other perks.

• Basic: €10 per month
• Grow: €30 per month
• Scale: €90 per month
• Enterprise: Speak to sales
• Minimum Balance: None

bunq

bunq is a Dutch neobank that has gained popularity for its innovative mobile banking solutions since its launch in 2015. It is well-suited to freelancers and small businesses looking to manage day-to-day transactions with an easy-to-use platform.

Their paid accounts come with an impressive range of features, including invoice scanning, open APIs, travel insurance, no exchange rate margins (powered by Wise), and much more.

• Easy Savings: €0.00 per month
• Easy Bank: €7.99 per month
• Easy Bank Pro: €13.99 per month
• Easy Bank Pro XL: €23.99 per month
• Minimum Balance: None

Wise Business

Founded in 2011, Wise has become the world's leader in international money transfers and multi-currency accounts. It’s one of the best platforms for businesses dealing with multiple currencies or international clients, thanks to its zero markups on exchange rates and a transparent fee structure.

The Wise Business account also lets you open up accounts in 10 different countries (including a Belgian IBAN), and lets you hold around 50 different foreign currencies. While it technically can be suitable as a business account for a company registered in the Netherlands, it is also great as a companion for international transactions alongside your main business account.

• Monthly Fee: None
• One-Time Setup Fee: €50
• Minimum Balance: None

N26

N26 is a German neobank that has rapidly expanded across Europe since its launch in 2013. It’s especially well-suited for freelancers and startups looking for straightforward banking solutions without complicated fee structures. N26 offers budgeting tools, no foreign transaction fees, interest on savings, round-up savings, and more.

The Standard Plan has no fee while the Business Smart Plan costs €4.90 month. The N26 You account for businesses comes with better cash back and travel perks for €9.90 per month.

• Business Standard: €0.00 per month
• Business Smart: €4.90 per month
• Business You: €9.90 per month
• Business Metal: €16.90 per month
• Minimum Balance: None

Knab

Knab is an online bank established in 2012 that focuses on providing services specifically to freelancers and SMEs in the Netherlands. In addition to checking accounts, it offers up to 500 free transactions per year, savings accounts with up to 2% AER, insurance, loans, and investing.

Their software can help you with bookkeeping as well. However, Knab's services are best suited if you speak or read the Dutch language as English is not supported.

• Sole Proprietors: €7 per month
• Private Limited Companies: €9 per month
• Minimum Balance: None
• None

Matt Mutlu @Unsplash

3 Tax Identification Numbers You Should Know as a Business Owner in the Netherlands

When opening a business bank account in the Netherlands, you should be aware of the legal and tax obligations you'll have as a business owner. Here are our three key takeaways:

1. Citizen Service Number (BSN)

If you’ve recently moved to the Netherlands, then you’ve probably heard of a BSN before. This is a unique identification number assigned to residents and citizens registered in the Netherlands. You will use it for various administrative tasks, including opening a bank account and filing taxes.

2. VAT Identification Number (BTW-ID)

If your business will be subject to Value Added Tax (VAT), you must obtain a VAT identification number. This number will be issued by the Dutch Tax and Customs Administration (Belastingdienst) after you register your business with the Dutch Chamber of Commerce (KVK). You will need to include your VAT ID to your invoices when you invoice customers.

Goods that have a Value Added Tax in the Netherlands include common items like food, drink, pharmaceuticals, books, newspapers, restaurants, and hotels. For the official list, read here (in Dutch only).

3. Legal Entities and Partnerships Identification Number (RSIN)

If you are registering a legal entity, such as a corporation, partnership, or private limited company, you'll receive an RSIN. This number is used for tax purposes. If you are a sole proprietor, then you won’t be required to have one.

Do I Have to Pay Corporate Tax in the Netherlands?

If you are a public or private company in the Netherlands, you’ll have to pay corporate income tax on your profits:

• The corporate income tax rate for 2024 is 25.8%.
• However, a rate of 19% is applied on the first €200,000 of income.

Income Tax for Sole Proprietors

If you are a sole proprietor, your business income will be taxed as personal income. In other words, you will file your taxes as an individual.

Still, it’s important to keep accurate records of earnings and expenses so that the tax authorities can tell the difference between your personal and business finances.

References Used In This Guide

Business Accounts. ING.

Business Accounts. ABN AMRO.

Starter Accounts. Rabobank.

Business. bunq.

Business. N26.

Business. Wise.

Accounts. Knab

Business. Revolut.

VAT Tariffs. belastingdienst.

Netherlands Corporate Taxes. PWC.