New current and savings account fees and terms and conditions

From 1 Juli 2021

As of 1 July 2021, the fees and terms and conditions for our current and savings accounts will change, as will the negative interest threshold. For more information about interest and sample calculations, please visit abnamro.nl/interest . Read on to find out which changes will affect you.

 

Why will the fees change?

We are constantly working to improve and innovate our products to enable you to do your daily banking in a way that is easy, secure, and aligned with your needs. We are rolling out Google Pay, keeping our ABN AMRO app complete and up to date, and making paying online even easier.

Aside from that, banks also play a key role in the fight against financial crime, such as fraud and money laundering. Unfortunately, all of this involves costs for us. We are now raising our fees to cover part of these costs.

tarieven 2021

Basic Payment Package fee


Current fee Fee from 1 July 2021
Basic Payment Package €1,70 per month € 1,95 per maand

The Basic Payment Package includes a current account, debit card and online banking.

The fee we charge for an additional debit card continues to be €1.40. If you have a Basic Payment Package with 2 debit cards, the monthly fee will be €3.35 from 1 July 2021. The current fee is €3.10.

Cash withdrawal and deposit fees

You will always continue to be able to withdraw cash and it will remain free of charge for most customers. You will only be charged a fee if you withdraw over €10,000 in any one year. We will notify you by Bankmail or post when you reach 50%, 75%, or 95% of the fee category threshold, so that you know exactly how much you can still withdraw before being charged a fee.

If you, as a private individual, often withdraw large sums of cash, you could consider alternatives such as paying with a debit card and transferring money through online banking. Simple, secure, and free of charge. 

We have special fee categories for students and young people. The fee categories for cash deposits in the Netherlands and cash withdrawals abroad will also change. See below for cash withdrawal and deposit fees.

The idea behind these changes is to prevent large flows of cash money and to incentivise electronic transfers, as we intend to do our bit in combatting financial crime such as fraud and money laundering.

 

Withdrawing and depositing euro-denominated banknotes in the Netherlands

Account type Fee category* Withdrawal fee Deposit fee
Current account €0 - €10,000 Free 0,5% of the amount deposited



> €10,000

€5 + 0.50% of the amount withdrawn per transaction
€5+ 1% of the amount deposited per transaction

Student account

€0 - €6,000

Free
0,5% of the amount deposited



> €6,000 

€5 + 0.50% of the amount withdrawn per transaction
€5+ 1% of the amount deposited per transaction

Youth account **

€0 - €2,000

Free
0,5% of the amount deposited



> €2,000

€5 + 0.50% of the amount withdrawn per transaction
€2.50+ 1% of the amount deposited per transaction

*The fee category applies per calendar year and per account holder, not per debit card or current account. If you have multiple accounts, the fee charged will be based on the sum of all amounts withdrawn/deposited across all your accounts. Withdrawals from/deposits into joint accounts are included proportionately in the calculation. 

**The first three deposits in any calendar year are free of charge for under 18s with a youth account.
 

 

Withdrawing euros and foreign currency outside the Netherlands*

Account type Fee category** Euro withdrawal fee outside the Netherlands Foreign currency withdrawal fee
Current account €0 - €4,000 Free €2.25 + 1.2% commission per transaction



> €4,000

€5 per transaction
€7.25 + 1.2% commission per transaction

Student account

€0 - €1,500

Free
€2.25 + 1.2% commission per transaction



> €1,500 

€5 per transaction
€7.25 + 1.2% commission per transaction

Youth account

€0 - €550

Free
€2.25 + 1.2% commission per transaction



> €550

€5 per transaction
€7.25 + 1.2% commission per transaction

*Please note: the foreign bank (i.e. a bank outside the Netherlands) where you withdraw cash may also charge a fee.

**The fee category applies per calendar year and per account holder, not per debit card or current account. If you have multiple accounts, the fee charged will be based on the sum of all amounts withdrawn across all your accounts. Withdrawals from joint accounts are included proportionately in the calculation.

 

Depositing euro coins in the Netherlands

Account type Fee category* Fee
Current and student account €0 - € 1,000  €12 per deposit
> €1,000 €12 per deposit + 1% of the total amount deposited
Youth account €0 - €600 Free
> €600 €12 per deposit + 1% of the total amount deposited

*The fee category applies per calendar year and per account holder, not per debit card or current account. If you have multiple accounts, the fee charged will be based on the sum of all amounts deposited across all your accounts. Deposits into joint accounts are included proportionately in the calculation.

Fee for paper current account statements

Any time you want, you can check, download, and print your account statements online. Given our commitment to sustainability, we want to stimulate electronic banking. With this in mind, we are raising the fees we charge for paper account statements for personal current accounts. For details of the new fees or instructions on how to turn off paper account statements altogether, check abnamro.nl/statements .

Frequency Current fee Fee from 1 July 2021
Monthly*
€0.60 per month €0.75 per month

Two-weekly*

€1.30 per month
€1.50 per month

Weekly
€2.60 per month €3.00 per month

Daily
€7.50 per month €7.50 per month

Electronic account statements

Free

Free
 
*If you were born before 1 January 1945, you will not be charged a fee for monthly or two-weekly paper account statements sent to your home address.

Do you live outside the Netherlands?

If you live in a country other than the Netherlands and you have a current account or payment package, from 1 July 2021 you will be charged an additional fee on top of the fees for your personal current account or payment package. How much you will be charged depends on the risk profile of the country where you live. There are 3 risk categories. 

 

Current fee (markup) Fee (markup) from 1 July 2021
Category 1 €0 €2 per month, per current account
Category 2 €0 €8 per month, per current account
Category 3 €0 €15 per month, per current account


For clients who live outside the Netherlands, the costs we as a bank have to incur are higher on average. The additional fee will cover part of these costs. It will be debited along with the other fees for your payment products every month. For more information, visit abnamro.nl/abroad . For a list of countries, risk categories, and the associated fees, take a look at the country overview (in Dutch).

Any questions? We will be happy to discuss how this affects you. You can call us on +31 (0)20 343 40 02, which is especially for international clients. We are available from Monday to Friday, 8am to 8pm. You can also make an appointment with an adviser.

Want to close your current account? We're sorry to hear that, but we will be happy to help you arrange this. You can close your current account through  Internet Banking . If you don’t have Internet Banking yet, call us on +31 (0)20 343 40 02 (Monday to Friday, 8am to 8pm).

New payment terms and conditions from 1 July 2021

  • Besides Apple Pay, Google Pay will also be available soon as an option for simple and secure payments using your smartphone. Read more about this in Article 3.3 of the terms and conditions.
  • If you have a joint account, the payment terms and conditions specify your rights and obligations as joint account holders. These new terms and conditions replace the current Joint Account Agreement. Read more about this in Article 2.1 of the terms and conditions.
  • Based on Article 2.1 of the Payment Services Terms and Conditions, you have access to Internet Banking as standard. The same goes for the ABN AMRO app if you download it. As a result, the separate Access Agreement will no longer apply to you. If you have authorised someone to do your banking on your behalf or you intend to do so, the Access Agreement will still apply to this person. You decide whether or not you want to give this authorised person access to your account through Internet Banking or the ABN AMRO app. Please remember that your PIN, your card, and other means of customer identification are strictly personal. Do not share them with anyone. More information is provided in the Payment Services Terms and Conditions and the Payment Services Information Sheet.
  • The Vreemde Valuta Rekening will get its own terms and conditions instead of being governed by a few provisions in your current agreement. These new terms and conditions will, for example, describe the reference interest rates much more clearly, as well as the differences compared to your current account.
  • As of 1 July 2021, it will no longer be possible to deposit cash using a savings card. Instead, you can use your debit card to deposit cash into your current account and then transfer the money from your current account to your savings account.
 
 Read the terms and conditions:
 

New savings terms and conditions from 1 July 2021:

As of 1 July 2021, a euro-denominated ABN AMRO current account will be the only permitted contra account for a savings account. The current terms and conditions accept either a savings account or a current account as the compulsory contra account. If you do not yet have a current account with ABN AMRO, you do not have do anything just yet. We will let you know later this year how this change will affect you.

If you cannot wait and want to open a current account, call 0900 - 00 24 to make an appointment at one of our branches. You can also opt to close your savings account. We will of course be sorry to hear that, but we will be happy to help you make the necessary arrangements. We can do that over the phone. Call us on 0900 - 00 24.

 
Read the terms and conditions: 

Questions

If you have any questions, you can always contact us . We are happy to help you.

Our fees will change on 1 July 2021. The new fees will be debited from your account in the third week of July 2021 for the first time.

The new fees for cash withdrawals and deposits will (if applicable) be debited in August 2021 for the first time. If you withdraw or deposit cash in any one month, we will determine at the end of that month whether a fee is payable and, if so, debit the fee from your current account the following month.

If you want to close your current account, we are of course sorry to hear that, but will be happy to help you make the necessary arrangements.

Find out how to close your current account .

You can cancel printed account statements at any time you want. If you do this before 25 June 2021, you can avoid paying the new fees that apply from 1 July. Check  abnamro.nl/statements .

Example 1 - You only have a personal current account

You have withdrawn a total of €9,000 in cash from your personal current account in one calendar year. This amount is within the 1st fee category, meaning that you will not be charged an additional fee. Later in that same year, you withdraw €3,000 in cash. Of this amount, €1,000 is still not subject to a fee because the total is within the 1st fee category. The other €2,000, however, does fall into the 2nd fee category and is subject to a fee. You will be charged €15 for this part of the cash withdrawal (€5 + 0.50% * €2,000). Any further cash withdrawals in that same year will fall into the 2nd fee category in their entirety.

Example 2 - You only have a joint current account

You and your joint account holder have withdrawn a total of €18,000 in cash from your joint account in one calendar year. This amount will be split between you, meaning that you are each responsible for €9,000. Given that this amount is within the 1st fee category, neither of you will be charged a fee for these withdrawals. Later in that same year, you or your joint account holder withdraw €4,000 in cash from your joint account. Of that amount, €2,000 counts towards the fee calculation. €1,000 is within the 1st fee category and does not incur a fee. The other €1,000, however, does fall into the 2nd fee category and is subject to a fee. You will be charged €10 for this part of the cash withdrawal (€5 + 0.50% * €1,000). Any further cash withdrawals in that same year will fall into the 2nd fee category in their entirety.

Example 3 - You have a personal and a joint current account

You have withdrawn a total of €9,000 in cash from your personal current account in one calendar year. Given that this amount is within the 1st fee category, you will not be charged a fee. If you withdraw €4,000 from your joint current account in that same year, 50% of that amount will count towards the fee calculation, which is an amount of €2,000. Of this amount, €1,000 is still not subject to a fee because the total is within the 1st fee category. The other €1,000, however, does fall into the 2nd fee category and is subject to a fee. You will be charged €10 for this part of the cash withdrawal (€5 + 0.50% * €1,000). Any further cash withdrawals in that same year will fall into the 2nd fee category in their entirety.

Account type Fee category* Withdrawal fee Deposit fee
Current account €0 - €10,000 Free 0,5% of the amount deposited



> €10,000

€5 + 0.50% of the amount withdrawn per transaction
€5+ 1% of the amount deposited per transaction

Student account

€0 - €6,000

Free
0,5% of the amount deposited



> €6,000 

€5 + 0.50% of the amount withdrawn per transaction
€5+ 1% of the amount deposited per transaction

Youth account **

€ 0 - €2,000

Free
0,5% of the amount deposited



> €2,000

€5 + 0.50% of the amount withdrawn per transaction
€2.50+ 1% of the amount deposited per transaction

*The fee category applies per calendar year and per account holder, not per debit card or current account. If you have multiple accounts, the fee charged will be based on the sum of all amounts withdrawn/deposited across all your accounts. Withdrawals from/deposits into joint accounts are included proportionately in the calculation. 

**The first three deposits in any calendar year are free of charge for under 18s with a youth account.