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Privélimiet Plus no longer available

From 16 November 2020 onwards, you will no longer be able to apply for Privélimiet Plus. If you want to be able to use the overdraft facility on your current account, apply for the Rood Staan overdraft facility. You can do so online through Internet Banking or the ABN AMRO (Mobile Banking) app.
 

Why don't we offer Privélimiet Plus anymore?

We are noticing less and less demand for the Privélimiet Plus. In addition, we would like our clients to see the overdraft facility as a temporary solution. For our other product, Rood Staan, we ask you to have a positive balance on one working day every three months. That way, you won't be using the overdraft facility for any longer than necessary. 
 

Features of the Rood Staan overdraft facility

  • Your income must be credited to the current account on which you want to use the overdraft facility  
  • Your balance is positive for at least one working day every three months
  • Online applications (in Dutch): you do not usually need to provide documents  
  • Rood Staan from €500 to €5,000 but never more than your net income 

Do you have a Privélimiet Plus?

If so, you will receive a personal letter from us informing you about your options. You can cancel or lower your Privélimiet Plus online.
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Questions

We have put together a list of FAQs for you. If you still can’t find the answer to your question, give us a call on +31 (0)20 343 43 43 (calls charged at your standard rate). You can contact us on working days from 8am to 9pm and at the weekend from 9am to 5.30pm.

Frequently Asked Questions

Why does ABN AMRO only offer the Rood Staan overdraft facility?
We think it is important to be able to use the overdraft facility temporarily if you need some extra money. It's also important that you don't use the overdraft facility for any longer than necessary. With the Privélimiet Plus, you can use the overdraft facility continuously and you do not need to have a positive balance on a regular basis. The Rood Staan product is different: you regularly need to have a positive balance if you have this product. That is why we now only offer Rood Staan for extra financial means on a current account.
Which interest rate would I pay for Rood Staan?
The rates for Privélimiet Plus and Rood Staan are the same. View the latest interest rates here  (in Dutch).
I do not want to use Rood Staan. What can I do?
If you do not want us to convert your Privélimiet Plus into Rood Staan, you need to cancel your Privélimiet Plus. You can do this online. Make sure you have a positive balance if you want to cancel your Privélimiet Plus. 

Cancelling your Privélimiet Plus
Is Rood Staan registered with the Credit Registration Office (BKR)?
Yes, just like Privélimiet Plus, the Rood Staan product is registered with the BKR. If you take out a loan of €250 or more, you're assigned a positive credit listing. If you make your repayments as required, there's no problem. If your loan is going to be cancelled, we will cancel your listing with the BKR. If your limit is lower than €250, it will not be listed in the BKR.
What if I want to make more or less use of the overdraft facility, or I want to stop using it?
If you want to make more or less use of the overdraft facility or you want to stop using it, you can change this yourself in Internet Banking. See how it works and make your own arrangements.
Can ABN AMRO just terminate my Privélimiet Plus?
If you do not use the credit for a period of at least twelve months, the bank may terminate the credit. Here you find the Privélimiet Plus conditions (in Dutch).
Where can I see that my Privélimiet Plus has been terminated or converted?
You can view this in Internet Banking or the ABN AMRO (Mobile Banking) app. If we terminate your Privélimiet Plus, this product will no longer be displayed in your product summary. You will find this summary overview under 'Self service'.  If we convert your Privélimiet Plus into Rood Staan, then Rood Staan will appear in your product summary.

Important information: once your Privélimiet Plus has been converted to Rood Staan, the product conditions for Rood Staan  (in Dutch) and the General Terms and Conditions for Loans  (in Dutch) will apply.
I am afraid I will not be able to pay for Rood Staan. What do I need to do?
Of course, we want to prevent you from running into problems as a result of switching to the Rood Staan overdraft facility. If you are afraid that you will not be able to pay for it or that you will not be able to meet the conditions, please contact us. We will be happy to discuss the options with you.
I want to make use more overdraft than my net income.
What can I do? Explore whether a personal loan is the right option for you. NB: the conditions and the interest rate for this product are different from those for Rood Staan. More information about our personal loan.
Where can I find information about applying for a loan?
Here you can find more information about borrowing money and applying for a loan.
What happens to my Rood Staan if I or my partner dies?

The conditions for a Privélimiet Plus and Rood Staan are the same in this regard. If you die before the age of 80, your next of kin do not have to repay the negative balance. If Rood Staan is in two names, the other party does not have to repay the negative balance. There are a few conditions: 

  • Rood Staan was taken out longer than six months before the death
  • You always made payments on time 
  • The bank is notified of the death within twelve months of the person passing away