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Information for Exchange Students

Money and Finance

If your stay in Nijmegen only lasts three months or less, it is generally not necessary to open a Dutch bank account.
Exchange students within the Erasmus programme, staying for more than three months, might prefer to open a Dutch personal bank account. Although most banks offer fairly similar services, the costs and conditions of opening a bank account can vary.

Exchange students who receive a scholarship from Radboud University are obliged to open a bank account in the Netherlands. It usually takes 1-2 weeks before you can actually make use of your new bank account. If you cannot submit the required documents, it may even take longer. Keep this in mind.

Outside office hours you can always use an ATM to draw money from your Dutch or foreign bank account with your (internationally accepted) bank card. Every bank and post office has a geldautomaat (ATM) or cash dispenser.

Credit, visa cards and bank cards

Please note: If you want to use a credit card in the Netherlands, make sure to activate it for the Netherlands!

Credit cards
The use of credit cards is becoming more common in the Netherlands, though they are still not as widely used as in some other countries. If you have a credit card (which is activated for the Netherlands), you will be able to pay in many upscale stores and offices. Restaurants, hotels, and department stores generally accept all major cards.

Bank cards
Please check with your bank whether your bank card needs to be activated for the use abroad. You will probably have to do this before you leave!


Paying with a bank card or 'pinnen', as it is called in Dutch, is very common these days. Shops have a computer link to the bank system, and the amount due is automatically deducted from your account. But make sure your card contains an actual EMV chip. Cards that only have a magnetic strip can no longer be used in the Netherlands.  Please note that there are some restaurants on campus (like Het Gerecht) that only accepts card payments.

If you have a regular bank card please make sure it has a Maestro logo on it. That gives it access to most machines.

visa cardmaestro card
 

Banks are generally open Mondays to Fridays from 9 A.M. or 10 A.M. - 5 P.M. Some banks are also open on Saturdays but they might offer limited services during the weekend. You can change money at a bank, a post office or a GWK Travelex exchange office (GWK = GrensWisselKantoor). You will find a GWK Travelex exchange office at the central railway station, opening hours: Mondays to Fridays
from 8 A.M. - 8 P.M., Saturdays from 9 A.M. - 6 P.M. and Sundays from 10 A.M. - 5 P.M.

Dutch cash
The currency unit used in the Netherlands is the Euro (€).
Please note that bank notes of 100, 200, or 500 Euros are not widely accepted.
It is becoming increasingly more common in shops and restaurants to round total amounts off to the nearest €0.5 decimal. So, for instance, a price of €21.73 will be rounded up to €21.75, while a price of €19.86 will be rounded down to €19.85. It is always advisable to bring some cash money for the first few weeks, in case of an emergency.


Opening a bank account

Below you will find the most recent information and requirements about opening a bank account as known to us. Please keep in mind though that regulations are subject to change and different banks may apply different procedures.

As it can take a while before you can open a Dutch bank account it is advisable to bring some cash money or a cash money card.

International Students

Documents needed:

  • passport or id-card, valid during the whole period of stay
  • Statement of enrollment
    If your enrolment is complete, Bachelor’s and (Pre) Master’s students will be able to download a statement from Osiris that states for which period they are enrolled at Radboud University. This statement of enrolment in combination with the student card serves as proof of your enrolment. Exchange students will be given a statement upon arrival.
  • official document which mentions your address in the Netherlands (e.g. room contract, statement of registration from De Stadswinkel)
  • (Dutch mobile) telephone number (ING)
  • TIN/FIN number (if you have to pay taxes in your home country)
  • BSN number (Citizen Service Number) This is a personal number that government agencies and other official bodies use in their communications with citizens. You will generally receive this number after your registration with the local administration  has been effected. Guests who need to apply for a residence permit will receive this letter only after the Immigration and Naturalization Service (IND) has confirmed their application.

Some banks also require:
• official document which mentions your address back home (e.g. bank card, English extract from the municipal population register)

Opening a bank account at the ABN Amro

Radboud University has made special arrangements for international students to open a bank account with the ABN Amro.

Opening a bank account under the age of 18:

It is only possible to open a bank account at the ABN Amro when one of your parents or guardians is present during an appointment at the bank in Nijmegen.

Other international guests
Banks will generally need the following documents:
• passport or id-card, valid during the complete period of stay (ING/formerly known as Postbank does not accept an id-card)
• official document which mentions your address in the Netherlands (e.g. room contract, statement of registration from De Stadswinkel)
• (Dutch mobile) telephone number (ING)
 
Some banks also require:
• official document which mentions your address back home (e.g. bank card, English extract from the municipal population register)
• official Radboud University statement (e.g. letter of invitation, contract) in which your status as a visiting researcher, lecturer, PhD candidate or other is mentioned as well as the period you are supposed to be staying here

Banks in Nijmegen
There are several commercial banks in Nijmegen. Some bank accounts are for free and some charge a small amount per month for a bank account. You can only get a students account if you are under the age of 30!

ABN Amro
Keizer Karelplein 33
Open: Monday, Tuesday, Wednesday, Friday 10.00-17.00, Thursday 10.00–20.00, Saturday 10.00-14.00 hrs.

RabobankKeizer Karelplein 1 6511NC Nijmegen
Open: Monday, Tuesday, Wednesday, Friday 10.00-17.00, Thursday 10.00–20.00, Saturday 10.00-14.00 hrs.

ING
Marienburg 90
Opening hours: Monday, Tuesday, Wednesday, Friday 9.00-18.00, Thursday 9.00-20.00, Saturday 9.30-16.00 hrs.