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How to send money to Netherlands using a money transfer service or foreign exchange broker to a Dutch bank account.

Send Money To Netherlands

Transferring money to Netherlands

When transferring money overseas to the Netherlands either regularly or once in a blue moon for a significant purchase, there are several measures you can take to ensure you get a great rate, service and ensure you are transferring money to the Netherlands safely.

Ways to send money to Netherlands

  • Bank Transfer – You can elect to transfer your money directly to the Netherlands from your GB Pound sterling account in Britain. Typically the exchange rate to transfer money to the Netherlands will be less competitive than the exchange rates on offer by a foreign exchange broker and you may have to visit your local bank branch to transfer a significant amount. When sending money to the Netherlands via a bank transfer you will also incur a transfer fee or charge of around £10-30.
  • Debit Card – If paying for goods online or via a retailer you may have the ability to pay using a debit card but are unlikely to be offered a great exchange rate when sending money to the Netherlands using a debit card. You may also incur an administration charge. Those looking to transfer money to Holland to purchase a second home or pay a legal bill for an overseas property purchase might be obliged to send money to Holland via bank transfer, meaning they will need to transfer via their bank or preferably foreign exchange broker. In many cases a foreign exchange broker will accept a debit card as payment, allowing you to enjoy the convenience, avoid a transfer fee and benefit from a better exchange rate.
  • Credit Card – Ideal for renting holiday accommodation or rental property in Holland to get financial recourse and guarantee from your card provider. Not the most competitive in terms of the exchange rate offered but sometimes air miles or bonus points can be more of an attraction.
  • Swift/SEPA – Swift payments are relevant to money transfers outside the EU. Within the EU and therefore applicable when sending money to the Netherlands is the SEPA payments system.

Required Bank Details to transfer money

Identification – To send money via bank transfer you will need 1-2 forms of a photo ID and need to have your bank card in your possession when visiting the branch. If you can send money to the Netherlands via your online bank account you might need a card reader and logins etc.

If using foreign exchange broker all of your documents etc will be stored when you opened the account, and they will just ask you a few simple questions to validate the account via phone. Their online systems are very similar to those of a bank just with better online exchange rates pricing.

IBAN – The IBAN will start with NL and be followed by 16 characters. You’ll also need the name of the individual or business you are sending the money to credit a beneficiary.

Time taken to send money to Netherlands

  • Typical time – for a foreign exchange broker to receive, convert your currency to euro and transfer your money to a Dutch account or beneficiary you should allow between 1-2 working days. Occasionally the beneficiary bank may take a while to process and allocate funds. If using a retail bank you should allow for 1-2 days more as there processing is typically slower.
  • Same day transfer – Providing funds are in your foreign exchange brokers account you have a good chance of transferring your money to Holland, and funds clearing the same day. Typically a foreign exchange broker will quote 1-2 days as it might take the beneficiaries to account a day or so to clear funds. Your bank will take a lot longer, typically 2-4 days

Cost to transfer money to Netherlands

  • Transfer Fees – A bank will typically charge anywhere between £10 -40 to transfer your money to Holland . The vast majority of foreign exchange brokers won’t charge a fee. None featured on Foreign Exchange Live charge do.
  • Commission – Commission rates charged by banks vary from bank to bank but are invariably uncompetitive when compared against those from a foreign exchange broker. A broker will typically be able to save between 1-4% when sending money to the Netherlands.
  • Exchange Rate – Banks will typically work from a ‘day FX rate’ which will be set when the local branch opens. To cover any market fluctuations with the Euro a healthy margin will be added to cover any daytime volatility. Foreign exchange brokers, on the other hand, work from live euro rates allowing you to benefit from positive movements and seek guidance if the euro exchange rate works against you.

Fees to Receive Money in Netherlands

Netherlands is part of SEPA payments service and therefore if you are sending money from a European country you shouldn’t incur an intermediary fee or charges. If you are charged a fee this is one taken by your bank and you can normally address this with them, it is however highly uncommon.

Limits on money transfers to the Netherlands

You should not be restricted on just how much currency you can move to the Netherlands on the proviso you or your organisation can warrant the euro money transfer. If your foreign exchange broker accepts to make the money transfer, there is no written constraint on just how much you can trade.

Usually, if a transfer surpasses ₤ 500,000+ or currency equivalent your foreign money broker can ask for a copy of a statement to confirm your ability to fulfil the Money transfer arrangement, they could likewise ask for documents to show the purpose of the transfer (e.g Dutch residential property acquisition).

Transfer deposit to open Dutch banks account

A banking institution or money transfer broker will be more than happy in helping you move funds to a new Dutch account. Just ensure any required documentation as well as your Dutch account info is to hand, your bank or broker can afterwards help with your money transfer deposit in addition to sending other funds to Holland.

Dutch banks will request you credit your new bank account immediately, expect to be charged around EUR45 yearly to maintain the account. This annual charge typically depends on the account you pick and the bank you choose.

Safely Send Money to the Netherlands

When moving money to the Netherlands you are right to be functional and also additionally analyse the safest cash transfer solutions. Luckily, foreign exchange brokers, and also money transfer organisations, are extremely conscious of cash transfer fraud. Together with being diligent on your behalf, they will additionally cross-check dubious beneficiaries using their systems to flag any type of suspicious money transfers.

  • FCA –Constantly verify your foreign exchange broker is financial conduct authority (FCA) certified. An fx broker should never be reluctant to share their FCA registration number or send on the internet link confirming its approval on the FCA’s register. They have to similarly promote info regarding their regulation on their website.
  • Guarantees – Whilst a broker will not have the capability to supply warranties or guarantees their accounts need to be held with tier 1 banking partners. All client funds transferred to these accounts are set apart and are distinguished from their own working capital if something was to happen to the currency broker clients can redeem the funds straight from the tier 1 bank.
  • Protection – Trusted foreign exchange brokers services comply with significant anti-money laundering procedures to guarantee they’re dealing with the transfers of respectable consumers as well as businesses. This is continued when they trade money and transfer funds to Holland, to make certain standards remain high money exchange brokers could ask for additional details on transfers whose beneficiaries look dubious. Money exchange broker’s FX trading systems are electronically secured, they additionally utilise high levels of internet safety to prevent the possibility of their client’s data being taken.
  • Fraud – Regardless of these preventative procedures, fraudulent currency transfers can happen within the worldwide cash transfers sector. You can, however, take measures to decrease the likelihood of ending up being a transfer fraud target. Never send your password or security logins over e-mail or be pressurised to make a money transfer by a forex broker. Ensure communication with your broker is from an appropriate company e-mail address. If you are telephoned all of a sudden by an unknown member of the broker’s team or brand-new transfer account supervisor arrange to call them back to guarantee they are an employee of the currency exchange broker you work with.

Reasons to send money to Netherlands

  • Bills – Your Dutch house or company will have continuous expenditures. These can include local state property tax, repair costs, or utility bills. A foreign exchange broker will be more than happy to establish transfers as well as top up your Dutch bank account and additionally care for any sort of regular money transfers to Holland.
  • Loans – If you were offered money from a family member or buddy in the Netherlands you might wish to clear the financial debt if euro rates move in your favour. Additionally, if you have a home loan on your Dutch home and the euro price remains in your favour you could wish to take into consideration sending out money to the Netherlands to resolve part of your euro home mortgage.
  • Family – Birthday party events, as well as household gatherings, are never away. Your foreign exchange broker account can be a superb way to send financial presents to a relative in Holland.
  • Property–When the Euro currency exchange rate jumps in your favour, you may take into consideration capitalising and make some house repairs.
  • Inheritance –Sadly many experience relatives passing away overseas. If you are unfortunate enough to need to send inheritance funds back to Holland. A broker can sensitively handle the procedure
  • Car – If moving to the Netherlands you could pick to lease or acquire a car to commute or discover the Dutch countryside.
  • Holiday – If renting out a home or apartment for a getaway in Amsterdam your fx broker will supply a far much better euro price than your financial institution or debit card.
  • International wholesalers – When getting oversea items or products for your business you can obtain guidance on services to minimise FX volatility connected with investing in products from suppliers that market in euros.

Foreign Exchange Brokers

Considering the services of a credible foreign exchange broker is the best way of guaranteeing to save money when sending money abroad. Savings between 1-4% are feasible which will be significant on regular transfers and Dutch property purchase money transfers. They can also provide you with several solutions to maximise the amount of currency you receive in the Netherlands.

Finding a reputable Foreign Exchange Broker

Clients can compare the offerings of transfer services and foreign exchange brokers in many ways when they need to transfer money to the Netherlands.

  • Regulation – always ensure the foreign exchange broker you use is regulated, in the Netherlands, for example, brokers must be authorised by the FCA (financial conduct authority)
  • Length of time in business – typically indicating knowledge of the market, number of clients they’ve helped, stability in the market. They are most likely to have helped many other clients transfer money to the Netherlands and dealt with many different scenarios.
  • Transfer fee or no transfer fee – especially worth considering when the payments being transferred to the Netherlands are small. A transfer fee can typically outweigh the advantages of sending the money to the Netherlands via a bank or broker even if the rate offered is competitive. All brokers promoted on Foreign Exchange Live work on a fee-free basis.
  • Online transfer, telephone transfers or both – online Apps are great for small transfers to the Netherlands. Recourse can be slow if the money goes astray. Customer service when dealing solely online can vary. Much of this service is via a chat/text box or email. An established foreign exchange broker will operate both an online and telephone dealing service. Meaning you speak directly to an account manager who will be assisted by a back-office team or customer service division.

Find The Right Broker To Transfer Money To Canada

Specialists such as Moneycorp and Rational FX have vast experience in advising and assisting clients all over the globe and saving them thousands of pounds in the process.

  • Customer Service – Banks are cumbersome and hard to contact from overseas. Transfer apps can be convenient for smaller payments, but don’t offer prompt customer support if an issue arises. Foreign exchange brokers offer a consistent service. All clients receive a personal account manager with a direct email address and phone number to enable easy contact and customer service if required.
  • Safety And Security – All top foreign exchange brokers will hold client funds in segregated accounts. All transactions are conducted following the FCA regulations and guidelines, we strongly advise to check with your broker on the exact details.
  • No Expensive Fees Or Charges – Depending on the bank, for each transaction, it could cost anywhere from £10 to £4o or local currency equivalent. A foreign exchange broker will process your transfer to the Netherlands with no transfer fees and narrow margin (or spread).
  • Better Exchange Rates – A bank will, as a rule, be making a spread of between 2-6% whereas the rates on offer from leading providers will be around 1%. Once your trade is executed, you will be provided with a deal notification showing clearly the base currency amount and the number of Euros purchased.

Foreign Exchange Contracts

A foreign exchange broker offers several supplementary services not available in banks or on many money transfer apps. These include:

  • Spot contracts – Arranging a transfer and agreeing on a rate and sending the money to the Netherlands shortly after
  • Forward contracts – fix today’s exchange rate for payment up to 2 years in the future. guaranteeing the cost of your purchase and avoiding foreign exchange volatility.
  • Stop-loss – If your currency pair is trending lower a stop-loss protects your currency from depreciating too much, the currency is traded automatically when it hits the agreed level
  • Firm order – target a rate superior to the current foreign exchange market rate. Once the desired exchange rate is reached, the currency is purchased automatically day or night.
  • Option contract – as with the forward contract but also having the ability to opt for a superior rate is the market rate improves. Typically for businesses rather than private clients.
  • Regular international transfers – A payment plan to send money overseas regularly

Documents needed for a foreign exchange broker account

The application to open your foreign exchange account can be completed within minutes. The first step is to apply online giving personal details and a brief overview of transfer needs. Once complete you will typically need to supply the following to get your account approved

  • A valid form of photo ID
  • Recent utility bill or address proof (less than 3 months old)

List of Foreign Exchange Brokers

  • Boutique brokerages such and Newbridge FX offer tailored services to cater to their clients’ needs and work tirelessly to limit their clients’ FX risk.
  • Midsize brokerages such as Rational FX operate both corporate and private client operations with a focus being on key markets such as France and Spain.
  • Large multi Geographic operations such as Moneycorp operate in multiple jurisdictions and have many local offices to best serve their global clientele.

Banks in the Netherlands

For non-Dutch speaking internationals relocating to the Netherlands, the very best banks are ABN AMRO or ING. The biggest financial institutions in Holland include:

  • ING
  • Rabobank
  • ABN AMRO
  • BNG Bank

There are several emerging online banks which many ex-pats use as a stop-gap when relocating to the Netherlands. For those planning on a longer stay, we advise setting up a local relationship to get the best service and guidance.

Dutch bank clients should expect a regular monthly cost for running a bank account and dutch debit card- this will range from EUR1.30 to EUR7 each month, depending upon supplementary services in your banking agreement. Credit cards in Holland are widely accepted although some Dutch shops still don’t accept them.

Dutch internet banking and mobile banking are common with ex-pats and easily set up by your bank. Many financial institutions will send you a unique card reader or number generator for use when accessing and/or making online purchases.

Opening a bank account in the Netherlands

Before your first month’s salary is cashed you will need to get a bank account in place to receive your salary payment. An account can be opened locally with leading banks such as ABN Amro, ING, Rabo Bank and SNS-Bank being amongst the most popular for ex-pats.

To set up your account you will need the following:

  • Valid photo ID – passport is best
  • Copy of your property rental agreement
  • Citizen number – (known as burgerservicenummer, it can be located on the following documents – your Dutch identity card, in letters the Dutch tax authorities send you and on salary slips)
  • If from outside of the EU, you will have to bring along your residence permit

Dutch bank details

Once your current account or betaalrekening is activated you’ll be provided with an International Bank Account Number or IBAN code which has 18 characters in the Netherlands. Each Dutch bank additionally has a special BIC identifier code, for instance, ABNANL2A for ABN Amro.e, for instance ABNANL2A for ABN Amro.

Relocating to the Netherlands

Expat life in the Netherlands

When plunging into expat life in the Netherlands you’ll need to consider ways to send money to the Netherlands.

Whilst it is hard to pin down the number of expatriates living in the Netherlands, the Dutch news estimates that between 39,00 and 75,000 reside in the Netherlands. Its accommodative nature and laid-back style mean that many expats acclimatise to their new lives and routines very quickly; resident expats even have the ability to vote a right which is rarely offered.

The Netherlands is often referred to as the gateway to Europe due to its canal networks to Belgium, Germany and France. Its population exceeds 16m meaning that it is the one of the most densely populated countries in Europe. Winters tend to be mild and summers are cooler than other European destinations.

Expats that have taken the plunge typically report that they have often received a warm welcome, with those who didn’t have the fortune of a pre existing Dutch or expat friendship network, easily making friends. They also report that the expat community is very tight knit and friends can become family.

The Dutch might come across and very direct, however their approach is just one of honesty, so never be offended. It can come as a bit of a culture shock to those who are never wishing to offend but try to be thick skinned and just accept their different approach.

Birthdays are celebrated fiercely in the Netherlands with circle parties. Essentially you greet the host and then slowly greet the rest of the family including spouse, children and close relatives. All of the meeting and greeting is done in a circle formation, at times this can become quite peculiar especially if conversation loses momentum. Fortunately, alcohol is served to keep discussion flowing, nonetheless It can be strange when experienced for the first time.

Despite the peculiar birthday celebration format and direct approach life in the Netherlands can be great when approached correctly. It is a great location to live, work and raise a family.

Most popular locations in the Netherlands for Expats

Whilst it will be unlikely to surprise you that Amsterdam is the most popular location for expats moving to Holland these are the other 9 most popular destinations.

  • Amsterdam – The capital city and most populated in the Netherlands. It has a population of 862,000 in the heart of the city and a further 1,3m on the outskirts. Occasionally referred to the Venice of the north due to its network of canals.
  • Utrecht – the fourth largest city and a municipality, Utrecht has a population of 357,000 and hosts the largest university in holland; Utrecht University. The city is located in the centre of Holland.
  • Delft – Located in the south between Rotterdam and the Hague. Delft is a popular tourist hot spot and is regarded for its technological development.
  • Amersfoort – A province of Utrecht with a population of 156,000 making it the 15th largest in the country. The city celebrated its 750th anniversary in 2009.
  • Zwolle – located in North east Netherlands Zwolle has a population of 127,000, Zwolle is capital of Overijssel and the second largest principality behind Enschede.
  • Almere – is the newest city in the Netherlands and sits on reclaimed land. The first constructed dwelling was finished in 1976 and now 207,000 call Almere home.
  • Haarlemmermeer – located in the north of the Netherlands, the main town of Haarlemmermeer is Hoofddorp which boasts a population of 70,000. The country’s main airport Schiphol is located here.
  • Arnhem – located in the eastern part of Holland. The city is situated on the banks of the Nederrijn and Sint-Jansbeek rivers. Population totals 159,000 and Arnhem is considered one of the larger cities in Holland.
  • Groningen – is both the capital city and primary municipality of the eponymous province. It’s the largest northern city in holland with a population of 231,000
  • The Hague – can be found on the western coast of Holland. The city hosts the international court of justice and the Dutch government and is the third largest in the Netherlands.

Quick guide – moving to the Netherlands

Whilst typically moving to the Netherlands will be without a hitch, please ensure you have considered the below points before making your move. Failing to plan is planning to fail.

Source an approved employer – only certain employers in the Netherlands sign up to the IND of Dutch immigration and naturalisation service, meaning you’ll need to source an employer which has registered for the scheme.

Secure a formal job offer – once you’ve found an accredited employer and negotiated an offer, ensure you sign a formal contract.

Highly skilled workers must earn a minimum of €3,108 per month if under 30 and €4,240 if over 30.

Get your documents in order– You and your new employer will together have to complete a raft of paperwork in order for you to gain residency. Separate documentation will be required for family members.

You’ll also need a translated copy of your university degree in order to qualify for the 30% rule which is covered below.

Get your residency (MMV) from the embassy

A decision on your application can take up to 90 days confirmed either way. If approved, you’ll have a further 90 days to collect from a Dutch embassy. You must ensure you take your passport and a new passport photo. It then takes roughly 10 days to receive the passport back with your visa.

Transfer money to Netherlands on a regular basis

If you are required to send money to the Netherlands on a regular basis a foreign exchange broker can discuss a regular international money transfer plan with you. This allows you to transfer money to the Netherlands on a regular basis and even set the rate for up to a year. Foreign exchange brokers can typically offer plans for monthly or quarterly international money transfers.

Move to the Netherlands

Your residency MVV allows you to enter the Netherlands within 30 days of receiving it. Once there you’ll need to register at your local municipality within 5 days. You or your new employer can book an appointment at the local expat centre or government building. It won’t cost a penny but is advised that you book up to 2 weeks beforehand in order to avoid disappointment, make sure your employment contract is with you for this meeting. Your residency can then be collected at this same location roughly 14days after.

Apply for the 30% ruling

As mentioned in the above point high skilled workers can apply for the 30% which allows for a 30% tax reimbursement from your payroll. It also allows you to exchange your drivers license for a Dutch one. A real perk if you are considering staying.

How to send bank deposits to the Netherlands?

A bank and foreign exchange broker will help you deposit funds into your Dutch current bank account.  Make sure you have your Dutch bank account details to hand and they’ll both be able to help with your bank deposit transfer to the Netherlands.

Once your Dutch bank account is open you can begin to send money to the Netherlands in order to credit your account. When you transfer money to the Netherlands it will take between 1-3 days to credit your account.

Best ways to send money to the Netherlands?

The best payment method when sending money to the Netherlands will depend on your scenario. If you are sending money to top up the same bank account in Holland, a transfer app or foreign exchange broker platform could be ideal. Their online trading solutions will allow you to send regular small amounts at your convenience, achieve a  competitive exchange rate and transfer your money to the Netherlands quickly. If however you are looking at a more significant longer term transfer, the consultancy offered by a foreign exchange broker can be invaluable. Foreign exchange brokers can keep you up to speed with significant exchange rate changes and provide a number of currency exchange solutions to maximise your money transfer to the Netherlands. They are also up to speed with critical financial data which could impact your exchange rate. Foreign exchange brokers offer even more advanced solutions for businesses who regularly send money to the Netherlands and need to mitigate risk and protect their bottom lines.

What bank details are needed to transfer money to the Netherlands?

If you have already set up an account with a money transfer application or foreign exchange broker you will only require your the Netherlands beneficiary details of your bank account or the person or company you are transferring money to. If you haven’t as yet opened an account with a foreign exchange broker or transfer app to send money to the Netherlands, don’t worry, the process should only take 5-10 minutes and once approved will allow you to transfer money to the Netherlands immediately. In many cases you will require little or no paperwork to get you foreign exchange broker account set up. If you do however require paperwork, the foreign exchange broker will typically request the following: 1 – Valid passport or photo Identification (drivers license or ID card are typically accepted). 2 – Recent utility bill or bank statement (must be at most 3 months old). Larger money transfers of £500,000 or more may require supporting documentation e.g property purchase contract or commercial invoice. Once the account is set up you will then just need the IBAN number or swift code to transfer money to the Netherlands.

How long does a money transfer take to the Netherlands?

The time taken for your foreign exchange to process, convert funds and funds to clear in an international bank account will depend on whether you use a bank or a specialist foreign exchange broker. A broker will typically be able to complete the process in a maximum of 2 days. If however you have already credited your foreign exchange account, funds can clear in the Netherlands on the same day. If for some reason your funds are delayed, a foreign exchange broker can create a trace and provide a document to prove when funds left the brokerage. You can then forward this on to the beneficiary bank to locate funds if they’re unable to. If you decide to transfer your money to the Netherlands via your bank rather than a foreign exchange broker or money transfer app, expect the transfer to take a while longer, sometimes up to 4 working days.

What are the cost of transferring money to the Netherlands?

The money transfer cost or fee when sending money to the Netherlands will vary from bank to bank or foreign exchange broker to another. Banks will typically charge between £10 to 30 to transfer money to the Netherlands, however transfers within the EU using the SEPA system should not incur a reception fee. Those outside of Europe could be liable, however many foreign exchange brokers will kindly absorb the charge. The vast majority of foreign exchange brokers wont charge a money transfer fee and generate their profit between the buy and sell rate.  The foreign exchange brokers featured on this site don’t charge a fee to transfer money to the Netherlands. If you are charged a reception fee by your the Netherlands bank, you should quiz why a charge has been taken. The SEPA payments system should ensure that reception fees are avoided.

Foreign Exchange Brokers


Handling over $10 Billion of FX on behalf of its clients Rational FX is one of Europes leading foreign exchange brokers.


Its global presence allows Moneycorp to service clients all over the world with comprehensive FX solutions benefitting businesses and individuals.


Located in London City Newbridge FX posses a skilled team to best manage your personal and business FX exposure mitigating currency risk.

Frequently Asked Questions

The best payment method when sending money to the Netherlands will depend on your scenario. If you are sending money to top up the same bank account in France, a transfer app or foreign exchange broker platform could be ideal. Their online trading solutions will allow you to send regular small amounts at your convenience, achieve a competitive exchange rate and transfer your money to the Netherlands quickly. If however you are looking at a more significant longer term transfer, the consultancy offered by a foreign exchange broker can be invaluable. Foreign exchange brokers can keep you up to speed with significant exchange rate changes and provide a number of currency exchange solutions to maximise your money transfer to the Netherlands. They are also up to speed with critical financial data which could impact your exchange rate. Foreign exchange brokers offer even more advanced solutions for businesses who regularly send money to the Netherlands and need to mitigate risk and protect their bottom lines.
If you have already set up an account with a money transfer application or foreign exchange broker you will only require your the Netherlands beneficiary details of your bank account or the person or company you are transferring money to. If you haven’t as yet opened an account with a foreign exchange broker or transfer app to send money to the Netherlands, don’t worry, the process should only take 5-10 minutes and once approved will allow you to transfer money to the Netherlands immediately. In many cases you will require little or no paperwork to get you foreign exchange broker account set up. If you do however require paperwork, the foreign exchange broker will typically request the following: 1 - Valid passport or photo Identification (drivers license or ID card are typically accepted). 2 - Recent utility bill or bank statement (must be at most 3 months old). Larger money transfers of £500,000 or more may require supporting documentation e.g property purchase contract or commercial invoice. Once the account is set up you will then just need the IBAN number or swift code to transfer money to the Netherlands.
The time taken for your foreign exchange to process, convert funds and funds to clear in an international bank account will depend on whether you use a bank or a specialist foreign exchange broker. A broker will typically be able to complete the process in a maximum of 2 days. If however you have already credited your foreign exchange account, funds can clear in the Netherlands on the same day. If for some reason your funds are delayed, a foreign exchange broker can create a trace and provide a document to prove when funds left the brokerage. You can then forward this on to the beneficiary bank to locate funds if they’re unable to. If you decide to transfer your money to the Netherlands via your bank rather than a foreign exchange broker or money transfer app, expect the transfer to take a while longer, sometimes up to 4 working days.
The money transfer cost or fee when sending money to the Netherlands will vary from bank to bank or foreign exchange broker to another. Banks will typically charge between £10 to 30 to transfer money to the Netherlands, however transfers within the EU using the SEPA system should not incur a reception fee. Those outside of Europe could be liable, however many foreign exchange brokers will kindly absorb the charge. The vast majority of foreign exchange brokers wont charge a money transfer fee and generate their profit between the buy and sell rate. The foreign exchange brokers featured on this site don’t charge a fee to transfer money to the Netherlands. If you are charged a reception fee by your the Netherlands bank, you should quiz why a charge has been taken. The SEPA payments system should ensure that reception fees are avoided.

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