Bank - Revision history

A.denaughel: Added new table for popular bank choices for students to choose from. Updated Card and Cash Acceptance in accordance with Project DCA (Debit Card Acceptance) implemented on July 1st, 2023.

2023-08-23T17:56:04Z

Added new table for popular bank choices for students to choose from. Updated Card and Cash Acceptance in accordance with Project DCA (Debit Card Acceptance) implemented on July 1st, 2023.

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 </ol>
-Regarding which bank to choose, it depends on your preferences. A popular option is [https://www.rabobank.nl/particulieren/ Rabobank] which used to collaborate with TU/e and therefore they have experience with setting up accounts for international students.
+Regarding which bank to choose, it depends on your preferences.
-You might find yourself in the situation that your card from your home country is not accepted and, at the same time, you can't open a bank account yet because your are waiting for your BSN. A temporary solution can be [https://www.bunq.com/student-bank-account Bunq], a mobile-only bank that offers a service whereby you can open an account and provide your BSN up to 90 days later.
+You might find yourself in the situation that your card from your home country is not accepted and, at the same time, you can't open a bank account yet because your are waiting for your BSN. A temporary solution can be [https://www.bunq.com/student-bank-account Bunq] or [https://www.revolut.com/en-NL Revolut], both of which are mobile-only banks that offer a service where you can open an account and provide your BSN up to 90 days later.
 =Card and Cash Acceptance=
-Most shops in the Netherlands do not accept credit cards (e.g. VISA, Mastercard, etc.). This lack of acceptance is valid even for VISA debit and Mastercard debit since these cards still use a dual-message system and therefore, from the merchant's perspective, are still credit cards (this [https://community.monzo.com/t/maestro/50615/6 article] provides an excellent explanation on the differences).
+In particular, Eindhoven rarely accepts cash. Signs that say “'''Hier Allen Pinnen'''” mean that only card is accepted, and are common nearly everywhere in the city. Even vending machines often only accept contactless payment!
-However, almost all places in the Netherlands accept payment by Maestro debit cards. Some even choose to forgo cash altogether, meaning you cannot pay by cash at all.
+Before arriving, be sure to have a compatible credit or debit card, even if your card is not from a Dutch bank! Maestro and V PAY are known to work well throughout all of the Netherlands, [https://www.betaalvereniging.nl/en/payment-products-services/point-of-sale-payments/project-dca/ however these brands are no longer going to be issued to new cards as of 1 July, 2023.] Visa Debit and Debit Mastercard should work at most locations as well due to the change in card brands. Additionally, debit cards are more likely to be accepted than credit cards. Credit cards do not work very well in the Netherlands! We highly recommend using debit before you get a Dutch debit card.
-It is also important to note that most shops will not accept banknotes of €100 or more, due to cases of fraud in the past.
+Places outside of Eindhoven do use cash, such as Maastricht, but it is less prevalent than using a card. In the case that you do need to use cash, note that most shops will not accept banknotes of €100 or more, due to fraud in the past.

imported>CaptainCookie: Restructured the paragraphs and updated the parts about opening a bank account with the new rules in 2020

2020-04-26T11:22:39Z

Restructured the paragraphs and updated the parts about opening a bank account with the new rules in 2020

← Older revision		Revision as of 11:22, 26 April 2020
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	~~Before~~ you ~~come to~~ the Netherlands, the TU/e ~~will send~~ you ~~an email to~~ help to ~~arrange~~ a ~~Dutch~~ bank account ~~for you.~~		=Bank account=
	~~You can find more information and guidelines~~ on ~~the TU/e website under~~ [https://www.tue.nl/en/education/studying-at-tue/practical-information-for-international-students/bank-account/ ~~Bank~~ account].		If you live in the Netherlands, it is highly recommended that you open a Dutch bank account since the cards you use in your home country might not be accepted in a lot of places.
			TU/e provides you with some help about how to open a bank account on [https://www.tue.nl/en/education/studying-at-tue/practical-information-for-international-students/bank-account/ their website]. To summarize, the procedure for students moving from abroad goes as follows:
			<ol>
			<li>Register as a resident at the [https://www.eindhoven.nl/en/city-and-living/moving-and-migration/moving-from-abroad City Hall of Eindhoven]. TU/e can help you set this up, but you need to indicate this in the confirmation statement.</li>
			<li>Wait until you receive your [[BSN]] number (approx. 2 weeks).</li>
			<li>Visit a bank to open your account.</li>
			</ol>

	~~If this is not the case and you must arrange your Dutch~~ bank ~~account by yourself~~, ~~you can quickly do this by contacting one of the many Dutch banks such as~~ [https://www.rabobank.nl/particulieren/ Rabobank] ~~or [https:~~/~~/www.ing.nl/particulier/english/index.html ING]~~.		Regarding which bank to choose, it depends on your preferences. A popular option is [https://www.rabobank.nl/particulieren/ Rabobank] which used to collaborate with TU/e and therefore they have experience with setting up accounts for international students.

	~~When you arrive~~ in the ~~Netherlands~~, ~~it may take a while until~~ the ~~city council issues~~ you a ~~social security number ([[~~BSN~~]])~~.		You might find yourself in the situation that your card from your home country is not accepted and, at the same time, you can't open a bank account yet because your are waiting for your BSN. A temporary solution can be [https://www.bunq.com/student-bank-account Bunq], a mobile-only bank that offers a service whereby you can open an account and provide your BSN up to 90 days later.
	A ~~BSN is usually essential to~~ be ~~able to open a bank account in the Netherlands.~~
	~~As an alternative,~~ [https://www.bunq.com/student-bank-account Bunq] is a mobile-only bank that offers a service whereby you can open an account and provide your BSN up to 90 days later.

	=~~Shopping~~ and ~~Paying~~=		=Card and Cash Acceptance=
	Most shops in the Netherlands~~, and Europe in general,~~ do not accept credit cards (e.g. VISA, Mastercard, etc.).		Most shops in the Netherlands do not accept credit cards (e.g. VISA, Mastercard, etc.). This lack of acceptance is valid even for VISA debit and Mastercard debit since these cards still use a dual-message system and therefore, from the merchant's perspective, are still credit cards (this [https://community.monzo.com/t/maestro/50615/6 article] provides an excellent explanation on the differences).
	This lack of acceptance is valid even for VISA debit and Mastercard debit since these cards still use a dual-message system and therefore, from the merchant's perspective, are still credit cards (this [https://community.monzo.com/t/maestro/50615/6 article] provides an excellent explanation on the differences).

	However, almost all places in the Netherlands accept payment by Maestro debit cards~~, with some choosing~~ to forgo cash altogether, meaning you ~~do not always have to have money on you~~.		However, almost all places in the Netherlands accept payment by Maestro debit cards. Some even choose to forgo cash altogether, meaning you cannot pay by cash at all.
	The choice to forgo cash also applies to vending machines, many of which by now only accept contactless payments.		The choice to forgo cash also applies to vending machines, many of which by now only accept contactless payments.

	It is also important to note that most shops will not accept banknotes of €100 or more, due to cases of fraud in the past.		It is also important to note that most shops will not accept banknotes of €100 or more, due to cases of fraud in the past.

imported>Stanrogo: Added Bunq and credit/debit card clarification

2020-04-06T14:19:11Z

Added Bunq and credit/debit card clarification

← Older revision		Revision as of 14:19, 6 April 2020
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	Before you come to the Netherlands, the TU/e will send an email to arrange ~~making~~ a Dutch bank account for you. ~~More~~ information and guidelines ~~can be found in~~ the TU/e website under [https://www.tue.nl/en/education/studying-at-tue/practical-information-for-international-students/bank-account/ Bank account].		Before you come to the Netherlands, the TU/e will send you an email to help to arrange a Dutch bank account for you.
			You can find more information and guidelines on the TU/e website under [https://www.tue.nl/en/education/studying-at-tue/practical-information-for-international-students/bank-account/ Bank account].

	If this is not the case and you ~~have to~~ arrange ~~for~~ your ~~own~~ Dutch bank account, this ~~can be easily done~~ by contacting one of the many Dutch banks such as [https://www.rabobank.nl/particulieren/ Rabobank] or [https://www.ing.nl/particulier/english/index.html ING].		If this is not the case and you must arrange your Dutch bank account by yourself, you can quickly do this by contacting one of the many Dutch banks such as [https://www.rabobank.nl/particulieren/ Rabobank] or [https://www.ing.nl/particulier/english/index.html ING].

			When you arrive in the Netherlands, it may take a while until the city council issues you a social security number ([[BSN]]).
			A BSN is usually essential to be able to open a bank account in the Netherlands.
			As an alternative, [https://www.bunq.com/student-bank-account Bunq] is a mobile-only bank that offers a service whereby you can open an account and provide your BSN up to 90 days later.

	=Shopping and Paying=		=Shopping and Paying=
	Most shops in the Netherlands, and ~~europe~~ in general, do not ~~take~~ credit cards (e.g VISA, Mastercard, etc). It is ~~also important to note that most shops will not take notes of €100 or more~~, ~~due to fraud cases in~~ the ~~past~~. ~~Almost~~ all places in the Netherlands accept ~~pin (bank card~~ payment~~) so~~ you do not always have to have ~~cash~~ on you. ~~Some~~ vending machines only accept ~~wireless card payment~~.		Most shops in the Netherlands, and Europe in general, do not accept credit cards (e.g. VISA, Mastercard, etc.).
			This lack of acceptance is valid even for VISA debit and Mastercard debit since these cards still use a dual-message system and therefore, from the merchant's perspective, are still credit cards (this [https://community.monzo.com/t/maestro/50615/6 article] provides an excellent explanation on the differences).

			However, almost all places in the Netherlands accept payment by Maestro debit cards, with some choosing to forgo cash altogether, meaning you do not always have to have money on you.
			The choice to forgo cash also applies to vending machines, many of which by now only accept contactless payments.

			It is also important to note that most shops will not accept banknotes of €100 or more, due to cases of fraud in the past.

imported>Piona7 at 19:14, 22 June 2018

2018-06-22T19:14:41Z

← Older revision		Revision as of 19:14, 22 June 2018
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	=Shopping and Paying=		=Shopping and Paying=
	Most shops in the Netherlands, and europe in general, do not take credit cards (e.g VISA, Mastercard, etc). It is also important to note that most shops will not take notes of €100 or more, due to fraud cases in the past.		Most shops in the Netherlands, and europe in general, do not take credit cards (e.g VISA, Mastercard, etc). It is also important to note that most shops will not take notes of €100 or more, due to fraud cases in the past. Almost all places in the Netherlands accept pin (bank card payment) so you do not always have to have cash on you. Some vending machines only accept wireless card payment.

imported>Aggariyo: Created page with "Before you come to the Netherlands, the TU/e will send an email to arrange making a Dutch bank account for you. More information and guidelines can be found in the TU/e websit..."

2018-06-20T14:35:27Z

Created page with "Before you come to the Netherlands, the TU/e will send an email to arrange making a Dutch bank account for you. More information and guidelines can be found in the TU/e websit..."

New page

Before you come to the Netherlands, the TU/e will send an email to arrange making a Dutch bank account for you. More information and guidelines can be found in the TU/e website under [https://www.tue.nl/en/education/studying-at-tue/practical-information-for-international-students/bank-account/ Bank account].

If this is not the case and you have to arrange for your own Dutch bank account, this can be easily done by contacting one of the many Dutch banks such as [https://www.rabobank.nl/particulieren/ Rabobank] or [https://www.ing.nl/particulier/english/index.html ING].

=Shopping and Paying=
Most shops in the Netherlands, and europe in general, do not take credit cards (e.g VISA, Mastercard, etc). It is also important to note that most shops will not take notes of €100 or more, due to fraud cases in the past.