Tips for Opening a Bank Account for Students in the Netherlands
Opening a bank account abroad, including in the Netherlands, is not an easy task. However, it’s not impossible either, especially if you’re a student who frequently receives money transfers from Indonesia to the Netherlands or needs to conduct other financial transactions while studying in the country. In that case, having a local bank account is a must.
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Transferring Money from Indonesia to the Netherlands
Unlike in Indonesia, opening a bank account in the Netherlands takes a bit more time. It can take one to three weeks before you receive your passbook, debit card, and gain access to the full range of banking services.
The requirements to open a bank account in the Netherlands are generally similar to those in Indonesia. The main difference is that students will need additional documents, such as proof of enrollment from their university and a temporary residence permit.
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Additionally, only a few banks in the Netherlands offer account-opening services for international students. These include ING Bank, ABN AMRO, and Rabobank. If you’re a student planning to open a bank account in the Netherlands, here are some helpful tips:
1. Prepare the Required Documents
An identity card is one of the key requirements for opening a bank account abroad. Since you’re an international student, your primary ID will be your passport. You’ll also need an acceptance letter from your university as proof that you are genuinely enrolled as a student in the Netherlands.
2. Report to the Indonesian Embassy (KBRI)
Another requirement for opening a bank account is having a temporary residence permit. To obtain this, don’t forget to report your arrival to the Indonesian Embassy (KBRI). This ensures that your status in the Netherlands is legally recognized and helps avoid any potential legal issues in the future.
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Once you’ve registered with the embassy, you’ll usually receive a residence confirmation letter, which can be used as part of the documentation to open a bank account. Since the administrative process takes time, it’s best to report your arrival a few days after landing to make future steps easier.
See Video on How to Easily Send Money Abroad with Transfez
Sound simple enough, right? Additionally, aside from bank transfers, you can also use remittance apps like Transfez to send money for tuition or living expenses to the Netherlands.
Unlike bank transfers, sending money to the Netherlands via Transfez is incredibly easy since it’s all done from your smartphone. Just install the Transfez app and you can transfer funds effortlessly without the usual hassles.
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This process is significantly different from traditional bank transfers, which require waiting in line and filling out several forms. What’s more, using Transfez is faster, with lower transaction fees. It’s both convenient and cost-effective!
As long as you follow the necessary steps, you don’t need to worry about running out of funds while studying abroad. For a smoother experience when transferring money from Indonesia to the Netherlands, don’t forget to use Transfez.
Download Transfez App
Transfez App can help you transfer money abroad more quickly and efficiently. Jack Finance can also help your business in making transactions abroad. For those of you who want to send money to relatives who are abroad because they are studying, working, or traveling, Transfez will be ready to help. This app is available on Android as well as iOS.
