Opening a Business Bank Account in the Netherlands

Are you planning to start your own business in the Netherlands, or do you already have a startup running? Besides registration at the KvK and other formalities, one of the most important aspects to take care of is your Dutch business bank account.

In general, if you are operating your business in the Netherlands, it is relatively easy to open a business account. The required documents are the same at every Dutch bank that offers business accounts, but some rules may vary from bank to bank, depending on their internal requirements.

The most popular banks for startups, freelancers, and entrepreneurs in the Netherlands are:

  • bunq
  • ING
  • Rabobank

Once you open a business bank account, you will receive a business IBAN. The latter will enable your startup to make both national and international euro payments, easy and secure. It will also allow your Dutch business to receive payments from customers, pay for your coworking space, receive your business loan, and in the best-case scenario, receive the investments from one of Amsterdam's venture capital organizations.

The requirements for opening a Dutch business bank account are:

  • Official KvK (Chamber of Commerce) registration
  • Personal Identification (ID/Passport)
  • Dutch Citizen Service Number (BSN)
  • Dutch Business Address (your personal address usually works as well)

Usually, you have to personally go to a bank branch when opening your business account. bunq, however, does not require a branch visit at all, for it simply allows you to get your business account in less than 5 minutes.

Bunq for business

Bunq aims to be “the bank built to save you time” and as users of the bunq business services, we totally agree. Besides easily signing up via your phone, having your business bank account at bunq offers several conveniences. Their app, for example, has certain features that actually will help you save time. Auto VAT, for example, literally sets VAT automatically aside for your accountant (or yourself), so you don’t have to dive into paperwork at the end of every month.

At bunq, there are no branch visits ever needed, for every issue can be easily settled within the app. Another important aspect, which is especially convenient if you are an international entrepreneur, is that bunq standard operates completely in English. So, if your business has no borders, at bunq you can open business bank accounts in Germany, Italy, France, Belgium, and Portugal as well.

Other benefits of opening a bunq business bank account in the Netherlands:

  • Immediate overview of your finances
  • Scanning invoices: Pay invoices without any manual input
  • Instant employees’ access
  • Efficient payments
  • Complete transparency and the option to choose where bunq invests your money

These are only a few of the many amazing features bunq offers to its business users. To find out more, check their website and learn more about the benefits you get when signing up for a bunq business bank account.