If you have made use of a revolving consumer credit facility with a variable interest rate at any time since 2001, you might receive compensation. Clients who are eligible for compensation will be notified automatically. You do not need to contact us. If you are a former client of ABN AMRO, or your credit facility ended between 2001 and 2005, you can sign up to possibly receive compensation. Read more about the compensation scheme below. To stay up to date on the latest developments, sign up for our email updates (in Dutch).
If you have a revolving consumer credit facility with a variable interest rate you may be eligible for compensation. We calculate the difference between what you paid in interest and what you should have paid. If this difference is €50 or more, you will receive compensation.
We are doing our best to notify everyone as soon as possible. From 2022 onwards, we will be contacting clients with a Flexibel Krediet (flexible credit facility). In 2023 we will be contacting clients with a Flexibel Hypotheek Krediet. We will start compensating clients with the Privélimiet Plus credit facility or a student overdraft facility in 2023. If you no longer bank with us, you can sign up for the compensation scheme by calling +31 (0)88 - 226 26 09. If your credit facility ended between 2001 and 2005, you can sign up for the compensation scheme.
The Dutch Institute for Financial Disputes (Klachteninstituut Financiële Dienstverlening (Kifid)) decided that ABN AMRO failed to ensure that interest rates adequately followed market rates in certain cases involving revolving consumer credit facilities with variable interest rates. In collaboration with the Dutch consumers' association (Consumentenbond), we have set up a compensation scheme for all affected clients of ABN AMRO, ALFAM and ICS.
If you have a revolving consumer credit facility with a variable interest rate you may be eligible for compensation. We calculate the difference between what you paid in interest and what you should have paid. If this difference is €50 or more, you will receive compensation.
We are doing our best to notify everyone as soon as possible. From 2022 onwards, we will be contacting clients with a Flexibel Krediet (flexible credit facility). In 2023 we will be contacting clients with a Flexibel Hypotheek Krediet. We will start compensating clients with the Privélimiet Plus credit facility or a student overdraft facility in 2023. If you no longer bank with us, you can sign up for the compensation scheme by calling +31 (0)88 - 226 26 09. If your credit facility ended between 2001 and 2005, you can sign up for the compensation scheme.
The Dutch Institute for Financial Disputes (Klachteninstituut Financiële Dienstverlening (Kifid)) decided that ABN AMRO failed to ensure that interest rates adequately followed market rates in certain cases involving revolving consumer credit facilities with variable interest rates. In collaboration with the Dutch consumers' association (Consumentenbond), we have set up a compensation scheme for all affected clients of ABN AMRO, ALFAM and ICS.
The calculation of compensation is unique to each client, and is complicated and time-consuming. We are doing our best to notify everyone as soon as possible. If you are eligible for compensation, you will be automatically notified by Bankmail or letter in due course. You do not need to need to take any action.