1. A residential address in the Netherlands
A residential address in the Netherlands is required for a Dutch bank account. If you do not live in the Netherlands, it can be more difficult to apply for a new Dutch bank account.
If you are a tax resident in the United States, some banks do not allow you to open a checking account.
2. Your social security number / BSN Number
The bank always asks for your Social Security Number. So make sure you have that handy. In the Netherlands, we call this BSN, which means Burgerservicenummer and it is located on an ID.
What is a BSN:
A Burger Service Nummer (BSN) is a unique personal identification number assigned to residents in the Netherlands. It is also known as a Citizen Service Number or Personal Public Service Number. The BSN is used by the government and various organizations for identification and administrative purposes.
3. A valid ID
Banks are obliged to ask for proof of identity. You may identify yourself with a valid passport or identity card from any EU country.
If you apply for the checking account online, you will need to upload a photo of an ID and usually a photo or short video of yourself. If you request the bill via the app, you will automatically be guided through this process. You can also take the photo of your proof of identity during the application.
Are you not yet 18 years old?
If you are not yet 18, you need permission from a parent or guardian to apply for a current account. The co-applicant must therefore provide his or her citizen service number and enclose a copy of an identity document.
Need a business bank account in the Netherlands?
If you want to open a business current account for your company, you need some extra information with the application, such as your registration with the Chamber of Commerce and sometimes information about your turnover.
How does a joint bank account work in the Netherlands?
A joint bank account in the Netherlands is a bank account that is owned by two or more people. It works as follows:
Ownership: All account holders have equal ownership and control over the account and its funds.
Deposits and withdrawals: All account holders can make deposits and withdrawals, and each transaction will be reflected on the account’s balance.
Authorizations: Some banks may require all account holders to sign for transactions above a certain amount, while others may allow any account holder to make transactions independently.
Responsibilities: All account holders are equally responsible for any debts or overdrafts on the account.
Termination: A joint bank account can be closed by any account holder, but typically requires the signature of all account holders to do so.
Taxes: Joint bank accounts are subject to the same tax rules as individual bank accounts, and each account holder is responsible for reporting their share of the interest income to the tax authorities.
Joint bank accounts can be useful for shared expenses such as rent or mortgage payments, or for managing family finances. However, it is important to clearly communicate and agree on the account’s purpose and usage before opening a joint account, to avoid misunderstandings and potential conflicts in the future.
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