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Transferring funds abroad

Transferring funds abroad

Transferring money to a foreign bank account

Our Mobile Banking app and Internet Banking make transferring money to a current account outside the Netherlands easy. This will take a while longer than usual though as you will first need to enable international transfers on Internet Banking and then wait 2 hours before you can transfer funds. Additional rules apply for transfers to certain countries; you can read more about this under 'Additional information about international transfers'.

Additional information about international transfers

The table below contains links to PDFs describing the additional rules that apply for transfers to certain countries. A distinction is made between countries that are part of the eurozone and countries that are SEPA (Single Euro Payments Area) members. Your transfer will go more smoothly if you keep the PDF to hand. Please note: the Mobile Banking app only supports transfers in euros.

Transferring funds in euros using Internet Banking or the Mobile Banking app (within the eurozone)
  • To a current account in euros within the eurozone and within SEPA (e.g. the Netherlands or Germany) 
  • Using Internet Banking or the Mobile Banking app
  • No additional rules apply for international payments within the eurozone.
Transferring funds in euros or a foreign currency using Internet Banking (to a SEPA country outside the eurozone)
  • To a current account in euros or in a foreign currency in a SEPA country but outside the eurozone (e.g. Norway or the UK) 
  • Only possible using Internet Banking
  • It will generally cost less if you make the transfer in the currency of the recipient’s account. For example, if you pay in euros and the beneficiary’s account is in a different currency, you will be charged a considerable conversion fee.
Transferring funds in a foreign currency using Internet Banking (within/outside the eurozone and to non-SEPA countries)
  • To a current account in a foreign currency 
  • To a non-eurozone country (e.g. Norway, or a country outside Europe) 
  • Only possible using Internet Banking

Questions about foreign payments

  • Can I enable international transfers using the Mobile Banking app?

    No, you have to log in to Internet Banking to enable international transfers. You will be able to make an international transfer after 2 hours, which you can then do using the Mobile Banking app as well. It’s important to note, though, that with the app you can only transfer funds in euros (not in a foreign currency).

  • Can I make an international transfer at an ABN AMRO branch?

    Yes, you can also ask one of our colleagues at a branch to transfer money from your account to a foreign account. For an international transfer made at one of our branches, an additional fee of € 11,50 applies.

  • Why do I first have to enable international transfers on Internet Banking and then wait 2 hours before I can actually make the transfer?

    For security reasons, on Internet Banking, the setting for making an international transfer is disabled by default. This helps protect your current account even better: with a 2-hour waiting period, there is less chance of criminals sending you a phishing email or installing malware on your computer. When you enable international transfers you also specify how long you want this setting to be in effect. You can change the settings so that you will always be able to transfer money abroad. It’s best to only do this if you make international transfers on a regular basis.

  • What does it cost to send money to a foreign account?

    No fees apply for an international transfer to an account in a SEPA country. When transferring money to an account in a non-SEPA country, you decide who will cover the fees. The options are:
    • Shared costs (SHARED): the payer and the beneficiary share the costs charged for the transfer. There may also be additional fees charged by intermediaries. Most payments are processed with this option.
    • Beneficiary pays the costs (BEN): the person receiving the money pays all costs, including any additional fees charged by intermediaries.
    • Payer pays the costs (OUR): the person transferring the money pays all costs, including those charged by the recipient’s bank and any additional fees charged by intermediaries.

  • How long does it take to process an international transfer?

    This depends on the currency, the country, the bank to which you are transferring the money, and the time of day that you are submitting the transfer.

    Some SEPA credit transfers can be credited to a recipient's account within a few seconds: every day of the year and at any time of the day, including evenings and at the weekend. This applies to 'single' transfers you input manually via Internet Banking or Mobile Banking, provided the recipient's bank co-operates. The following message will then appear in the summary of the entry: 'With the recipient: direct'. If the recipient’s bank does not yet co-operate, you will see: 'With the recipient: within 1 working day'.
    • Payments made to a recipient outside SEPA generally take a while longer than usual, since there can be more banks involved.
    • If you wish to transfer funds in a foreign currency from your euro account, ABN AMRO will buy the amount in that currency for you. It will always take two working days for this amount to be available.

  • What should I do if a bank charges me an additional fee for a transfer in euros?

    If a bank charges you an additional fee for processing your payment in euros to an account in euros, call us on 0900 0024 and we’ll add your payment to an exceptions list.

    For international transfers we often make use of a ‘correspondent bank’. It occasionally happens that you are mistakenly charged an additional fee for a transfer. This means that you made the international transfer in euros to an account in euros but the bank converted the funds to the foreign currency used in the recipient’s country.

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