Banking in Holland

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Banking

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Holland is a leading international financial hub. It's banking system is liberal, with a high number of domestic and foreign banks. The largest Dutch banks have offices world-wide. There are over 50 foreign banks with offices there. The market operates at market rates and services are recognised as being one of the lowest costing in Europe.

Banking in Holland is not dissimilar to other countries in Europe. You will find many commercial banks there, and setting up a bank account is very straightforward.

In order to open a bank account, you will need to provide the following documents:

• Form of ID (passport)
• Proof of address (bill, etc)
• And in some cases, residency permit

Cash points are widespread and the use of internet banking has taken off well.

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