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International bank transfers may result in a fee from both the issuing and receiving bank.As this is a fixed rate, it is typically cheaper than a money union for large sums and more expensive than online payment systems, such as Pay Pal and Transferwise, for small amounts.
It’s the most common method of payment used in shops, supermarkets, bars and restaurants.
To speed up this payment process, new debit cards are equipped for contactless payments, which can be done at an increasing number of payment terminals both in the Netherlands and abroad.
For purchases up to EUR 25, keying in your PIN is not needed; for payments over that amount, you will always be required to enter it.
You can pay online into the account on the slip or ‘post’ it at the bank, where there’s a box for them.
These are only acceptable with IBANs (International Bank Account Numbers).
An account can be opened in your name and your partner’s (they will also need identity documents).