Cash withdrawal and deposit fees

Fees may apply for withdrawing and depositing cash. For example, if you withdraw more than €17,500 per year in cash, we will charge you an additional fee. 

View all the fees for withdrawing and depositing cash in the Netherlands and abroad.

 

As of 1 January 2022, the limit for withdrawing cash (notes and coins) free of charge changed from €12,000 to €17,500 per year. This allows you to withdraw more money without incurring costs. The €17,500 threshold applies per account holder, rather than 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. The €17,500 threshold applies to all cash withdrawals of coins and notes (including foreign currency) in the Netherlands and abroad. When you make any withdrawals in foreign currency, the euro equivalent will be added. If your cash withdrawals exceed €17,500 per year, a fee of €5 per transaction plus 0.5% of the amount withdrawn will be charged. Different thresholds apply for students and young people. See the calculation examples at the bottom of this page. 

The effective date of the new threshold was 1 January 2022, but the € 17,500 limit took effect on 1 April 2022. This means that if you were already charged in the months of January, February or March 2022, the overpayment will be refunded to your account. This concerns only the costs you have paid for withdrawals between € 12,000 and € 17,500.  The overpayment will be refunded in around the third week of May.

In the tables below, the fee bracket reflects the ratio between the amount withdrawn or deposited and the costs charged in addition.

Cash withdrawals (notes) in the Netherlands and abroad

Type of account Fee bracket Fee for euro withdrawals* Fee for foreign currency withdrawals**
Current account < €17,500 Free  €2,25 + 1.2% currency conversion costs per transaction



> €17,500

€5 + 0.50% of the amount withdrawn per transaction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€5 + 0.50% of the amount withdrawn per transaction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

< €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€5 + 0.50% of the amount withdrawn per transaction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€5 + 0.50% of the amount withdrawn per transaction

Young person's growth account

< €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

View your withdrawals or deposits in the ABN AMRO app by clicking on your account and typing ‘GEA’ (withdrawal) or ‘STORTING’ (deposit) in the transaction search field. In Internet Banking, click on your account and use the same terms in the search field. Then click on ‘Deposit’ or ‘Withdrawal’ and on the ‘Search’ button for an overview of your withdrawals or deposits.
*You can withdraw up to €2,000 per transaction at Geldmaat ATMs. Different rates may apply in other countries. You pay the rate for each transaction.
**Please note: the foreign bank (a bank outside the Netherlands) may charge other costs.


Cash withdrawals (notes) in the Netherlands using a credit card

How Fee
At an ATM using a credit card 4% with a minimum of €4.50 per transaction

Withdrawing coins in the Netherlands

Coins can be withdrawn with your debit card and PIN from Geldmaat coin machines.

Please note that you always have to pay € 0.30 per roll for withdrawing coin rolls with a minimum of ten rolls at a time (and a maximum of 20). The total amount of your coin withdrawals counts towards the € 17,500 threshold. 

Other threshold values apply for students and young people with a Young Person's Growth Account. These are €6,000 for students and €2,000 for young people with a Young Person's Growth Account. If these threshold values are exceeded, you will pay an additional €5 + 0.50% per transaction on the amount withdrawn, in addition to the coin roll charges.

What Fee
Withdrawing coins from coin machines

€0.30 per roll

Minimum of 10 rolls and maximum of 20 rolls per transaction

Cash deposits (notes) in the Netherlands

Type of account Fee bracket Fee for deposits
Current account Basic fee 0.5% of the entire deposited amount per transaction

High fee: > €10,000
€5 + 0.5% of the amount deposited per transaction that exceeds €10,000 per year

Student account

Basic fee
0.5% of the entire deposited amount per transaction



High fee: > €6,000
€5 + 0.5% of the amount deposited per transaction that exceeds €6,000 per year

Young person's growth account*

Basic fee
0.5% of the entire deposited amount per transaction



High fee: > €2,000
€2.50 + 0.5% of the amount deposited per transaction that exceeds €2,000 per year


Please note: when you enter the high fee bracket, both fees will be charged and will be described as ‘Deposit basic’ and ‘Deposit high’ in the monthly statement.

View your withdrawals or deposits in the ABN AMRO app by clicking on your account and typing ‘GEA’ (withdrawal) or ‘STORTING’ (deposit) in the transaction search field. In Internet Banking, click on your account and use the same terms in the search field. Then click on ‘Deposit’ or ‘Withdrawal’ and on the ‘Search’ button for an overview of your withdrawals or deposits.

*Are you below the age of 18 and do you have a Young Person’s Growth Account? In that case, the first three deposits up to €2,000 in a calendar year within the basic fee will be free.

Coins deposits in the Netherlands in euro

Coins can be deposited with your debit card and PIN at Geldmaat coin machines.

Type of account Fee bracket Fee
Current or student account > €0  €2.80 per deposit + 0.25% of the amount deposited
Young person's growth account €0 - €600 Free
> €600 €2.80 per deposit + 0.25% of the amount deposited

What is a fee bracket?

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Withdrawals

  • The fee bracket applies to all cash withdrawals of coins and notes (including foreign currency) in the Netherlands and abroad per calendar year. It applies per account holder, rather than per debit card or current account. 
  • Do you have several accounts? In that case, the cash withdrawals from all your accounts will be added together. 
  • Cash withdrawals from a joint account will be assigned to the account holders in equal shares. 
  • If you made any cash withdrawals in foreign currency, the euro equivalent will be added.
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Deposits

  • The fee bracket applies to all deposits of coins and notes in the Netherlands and abroad per calendar year. It applies per account holder, rather than per debit card or current account. 
  • Do you have several accounts? In that case, the deposits on all your accounts will be added together. 
  • Deposits to a joint account will be assigned to the account holders in equal shares. 
  • Basic fee: for each deposit, you always pay the basic fee (0.5%) on the entire amount deposited. 
  • High deposit fee is in addition to the basic fee, applies per calendar year and per account holder, rather than per debit card or current account.
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geldmaat

Geldmaat location guide

Check the Geldmaat location guide to find the nearest ATM in your area for cash withdrawals and deposits.

Cash withdrawal calculation example Example 1: you only have a personal current account

During a calendar year, you made several withdrawals from your personal current account for a total of €17,500. 

  • As this amount falls within the first fee bracket, you will not pay any additional charges.

Later that year, you make a cash withdrawal of €2,000. 

  • This €2,000 withdrawal falls into the second fee bracket, which does carry a charge. 
  • For this cash withdrawal, you will pay €15 (€5 + 0.50% * €2,000). Every subsequent cash withdrawal which you make in this calendar year will fall entirely into the second fee bracket.

During a calendar year, you made several cash withdrawals from your own current account for a total of €17,500 and the other account holder made several cash withdrawals from their own current account for a total of €16,500. 

  • These withdrawals fall within the first fee bracket and will not attract a charge. 

Later that year, you make a cash withdrawal of €2,000 from your joint current account. 

  • In the rate calculation, 50% of this amount will be charged to your account and the other 50% to the other account holder’s account. 
  • For you, this €1,000 falls into the second fee bracket, which carries a charge. 
  • For this cash withdrawal, you will pay €7.50 (€2.50 + 0.50% * €1,000). 
  • These costs are debited to the joint current account. 
  • Every subsequent cash withdrawal which you make in this calendar year will fall entirely into the second fee bracket. 
  • The other account holder has withdrawn a total of €17,500 with this withdrawal, which still falls within the first fee bracket and does not carry a charge.

During a calendar year, you and the other account holder made several withdrawals from your joint current account for a total of €35,000. 

  • This amount is divided equally between the two of you, which means €17,500 per person. 
  • The withdrawals fall within the first fee bracket and you will not pay any fees in respect of these withdrawals. 

Later that year, you make a cash withdrawal of €2,000 from your joint current account. 

  • In the rate calculation, 50% of this amount will be charged to your account and the other 50% to the other account holder’s account. 
  • With this withdrawal, the two of you exceed the first fee bracket by €1,000 per person. 
  • For this cash withdrawal, you will pay €15 together (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 bracket.

Cash deposit calculation example Example 1: you have a current account

During a calendar year, you made several deposits into your personal current account for a total of €10,000. 

  • You pay the basic fee for each deposit. This is 0.5% of the amount deposited per transaction. 

Later that year, you make a deposit of €2,000. 

  • This €2,000 deposit falls into the second fee bracket, which carries a high charge. 
  • For this deposit, you will pay the basic fee of €10 (0.50% * €2,000). 
  • In addition to the basic fee, you will also pay the high fee of €15 (€5 + 0.50% * €2,000) for this deposit. 
  • In total, you will pay €25 for this deposit. 
  • For each subsequent deposit in this calendar year, you will pay the basic fee as well as the high fee.

During a calendar year, you made several deposits into your personal current account for a total of €6,000. 

  • You pay the basic fee for each deposit. This is 0.5% of the amount deposited per transaction. 

Later that year, you make a deposit of €2,000. 

  • This €2,000 deposit falls into the second fee bracket, which carries a high charge. 
  • For this deposit, you will pay the basic fee of €10 (0.50% * €2,000). 
  • In addition to the basic fee, you will also pay the high fee of €15 (€5 + 0.50% * €2,000) for this deposit. 
  • In total, you will pay €25 for this deposit. 
  • For each subsequent deposit in this calendar year, you will pay the basic fee as well as the high fee.

During a calendar year, you made several deposits into your personal current account for a total of €2,000. 

  • You pay the basic fee for each deposit. This is 0.5% of the amount deposited per transaction. 

Later that year, you make a deposit of €1,000. 

  • This €1,000 deposit falls into the second fee bracket, which carries a high charge. 
  • For this deposit, you will pay the basic fee of €5 (0.5% * 1000). 
  • In addition to the basic fee, you will also pay the high fee of €7.50 (2.50 + 0.5% * 1000) for this deposit. 
  • In total, you will pay €12.50 for this deposit. 
  • For each subsequent deposit in this calendar year, you will pay the basic fee as well as the high fee.