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.

Fees for cash withdrawals and deposits from 1 July 2021

You will always be able to make cash withdrawals, which will remain free of charge for most clients. If your cash withdrawals exceed €12,000 per year, we will charge a fee of €5 per withdrawal plus 0.5% of the amount withdrawn. This threshold of €12,000 applies to the total amount of withdrawals made in the Netherlands and abroad.

We will inform you by bank mail or post when you have reached 50%, 75% or 95% of the limit of your fee bracket. You will then know how much more you can still withdraw before fees will be charged.

In earlier notifications, we announced different thresholds for the Netherlands (€10,000) and abroad (€4,000). However, under European directives it is not possible to make a distinction between withdrawals in the Netherlands and withdrawals in other countries. Withdrawing cash is a cross-border payment transaction and therefore also falls under these European directives. This is why we opted for one clear fee bracket of €12,000 for domestic and international payments. The fee brackets for students and young people will also be amalgamated where domestic and international payments are concerned.

Private individuals who often use large amounts of cash are advised to consider alternatives, such as using a debit card and transferring money through online banking. This is simple, safe and free of charge. 

Different fee brackets apply for students and young people. The fee brackets for depositing money in the Netherlands and for withdrawing cash abroad will change as well. All the fees for cash withdrawals and deposits are set out below.

By making these adjustments, we are encouraging clients to go digital when it comes to large transactions. In this way, we help combat financial crime, such as fraud and money laundering.

 
 

Withdrawing banknotes in the Netherlands and abroad

Account type Fee category* Fee for euro withdrawals Fee for foreign currency withdrawals**

Current account €0 - €12,000 Free €2.25 + 1.2% currency conversion costs per transaction




> €12,000

€5 + 0.50% of the amount withdrawn per transaction
€2.25 + 1.2% currency conversion costs per transaction
€5 + 0.50% of the amount withdrawn per transaction


Student account

€0 - €6,000

Free
€2.25 + 1.2% currency conversion costs per transaction




> €6,000 

€5 + 0.50% of the amount withdrawn per transaction
€2.25 + 1.2% currency conversion costs per transaction
€5 + 0.50% of the amount withdrawn per transaction


Youth account

€0 - €2,000

Free
€2.25 + 1.2% currency conversion costs per transaction




> €2,000

€5 + 0.50% of the amount withdrawn per transaction
€2.25 + 1.2% currency conversion costs per transaction
€5 + 0.50% of the amount withdrawn per transaction

*The fee category applies per calendar year to all cash withdrawals of banknotes in the Netherlands and abroad; it applies per account holder, not per debit card or current account. If you have several accounts, the withdrawals from all your accounts will be added together. In this context, withdrawals from a joint account will be assigned to the account holders in equal shares. If you made any withdrawals in foreign currency, the euro equivalent will be added.

**Please note: the foreign bank (a bank outside the Netherlands) may charge costs.

 
 

Depositing euro banknotes in the Netherlands

Account type Fee category* Fee for deposits
Current account €0 - €10,000 0.5% of the amount deposited



> €10,000
€5 + 1% of the amount deposited per transaction

Student account

€0 - €6,000
0.5% of the amount deposited


> €6,000 
€5 + 1% of the amount deposited per transaction

Youth account**

€0 - €2,000
0.5% of the amount deposited



> €2,000
€2,50 + 1% of the amount deposited per transaction

*The fee category for deposits applies per calendar year and per account holder, not per debit card or current account. If you have several accounts, the deposits to all your accounts will be added together. In this context, deposits to a joint account will be assigned to the account holders in equal shares. 

**For young people aged under 18 with a Young Person’s Growth Account, the first three deposits in a calendar year will be free. 

 
 

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 or in a special municipality (Bonaire, Saba and Sint Eustatius) 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 or in a special municipality (Bonaire, Saba and Sint Eustatius), 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 .

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. The content of the conditions has not changed. Your joint current account will continue to exist and you do not need to take any further action.
  • 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
During a calendar year, you made several withdrawals from your current account for a total of € 12,000. These withdrawals fall within the first fee tier and will not attract a charge. Later that year, you make a cash withdrawal of € 2,000. This amount of € 2,000 falls into the second fee tier, which does carry a charge. For this cash withdrawal, we charge you € 15 (€5 + 0.50% * € 2,000). Every subsequent cash withdrawal which you make in this calendar year will fall entirely into the second fee tier.


Example 2 - You only have a joint current account
During a calendar year, you and your fellow account holder made several withdrawals from your joint account for a total of € 24,000. This amount is divided equally between the two of you, which means € 12,000 per person. These withdrawals fall within the first fee tier and will not attract a charge. Later that year, you make a withdrawal of € 2,000 from your joint current account. Of this amount, 50% is assigned to you and the other 50% to the other account holder for fee calculation purposes. This means that for both of you, € 1,000 falls into the second fee tier, which does carry a charge. For this cash withdrawal, we charge you € 15 (2 x (€ 2.50 + 0.50% * € 1,000). Every subsequent cash withdrawal which you make in this calendar year will fall entirely into the second fee tier.


Example 3 – You and another account holder have a personal and a joint current account
During a calendar year, you made several withdrawals from your personal current account for a total of € 12,000 and the other accountholder made several withdrawals from the personal current account for a total of € 11,000. These withdrawals fall within the first fee tier and will not attract a charge. If you make a withdrawal of € 2,000 from your joint current account later that year, 50% will be assigned to you and 50% will be assigned to your fellow account holder for fee calculation purposes. For you, this means that €1,000 falls into the second fee tier, which does carry a charge. We charge you € 7.50 (€ 2.50 + 0.50% * €1,000) for this cash withdrawal. These costs are debited from the joint current account. Every subsequent cash withdrawal which you make in this calendar year will fall entirely into the second fee tier. With this withdrawal, the other account holder has withdrawn a total of € 12,000. This amount falls into the first fee tier and will not attract a charge. 

The new fees and fee brackets for cash will take effect on 1 July 2021. Cash withdrawals and deposits will therefore count towards the new fee brackets and associated fees from 1 July 2021. All cash withdrawals and deposits made before 1 July 2021 will not count towards the calculation. The fee brackets apply per calendar year, meaning the calculation will be reset on 1 January 2022.