Starting a new academic year in the Netherlands means new friends, a new city, and a lot of practical matters to sort out – including managing your money.

One of the first things every international student discovers is how digital life in the Netherlands really is. From paying your rent to catching a tram or splitting the bill for a night out – almost everything is done electronically. That makes opening a local bank account one of the most important tasks when you arrive.

A welcome bonus

Right now, there’s even an extra incentive. ABN AMRO is offering up a €75 in bonus payments to students who open a free Student Account before 15 October 2025.

You’ll receive €25 when you activate your debit card and app, another €25 for opening a savings account, and a final €25 if you make 20 payments within the first three months. The money is paid directly into your account, giving you a handy financial boost at the start of term.

No cash

In many countries, paying in cash is still common. In the Netherlands, it’s almost the opposite. Supermarkets, cafés, public transport and even launderettes expect you to tap your debit card or phone. Your landlord will also want rent paid directly into their account. Without a Dutch bank account, everyday life can quickly become complicated.

Banks used to require a Dutch citizen service number (BSN) before opening an account, but now it’s easier. ABN AMRO, for example, allows international students to open an account using a foreign tax number. That means you can start banking – and paying for your groceries – as soon as you arrive. Once you register at the town hall and get your BSN, or show proof of university enrolment, your account will have full functionality.

Setting up a student account

ABN AMRO’s Student Account is free of charge and includes a debit card, online banking and access to the banking app. The whole process can be completed on your phone in just a few minutes.

The account is designed for anyone aged 16 to 30 who receives their student loan, allowance or part-time salary into the account. You’ll need to provide a registered Dutch address, but there are no monthly fees for the package itself.

Accidents do happen which is why ABN Amro also offers a student insurance package. Liability insurance covers you if you accidentally damage someone else’s property – such as scratching a parked car with your new bike. Home contents insurance covers your laptop and other property against fire, theft and water damage.

Everyday benefits

Once your account is set up, you’ll notice how central banking is to social life in the Netherlands. The word tikkie may be one of the first Dutch terms you learn – it’s an app that allows friends to send each other small payment requests after nights out or shared expenses and has quickly become a key part of living in the Netherlands.

Sorting out your bank account early removes one major source of stress. With digital banking in place, and a €75 bonus if you sign up before October 1, you’ll be ready to pay your bills, budget your allowance, and get stuck into student life straight away.

With everything from tram fares to tuition fees handled electronically, it’s the smartest way to get settled and focus on what you came here for: getting that degree.