Many entrepreneurs see a complete switch to another bank as a big step.
But…. no worries. Because all Dutch banks have entered into a partnership and set up the switching service together.
Arranged in 5 minutes
The switching service of the banks offers a lot of convenience, so that you hardly have to worry about it. The 'switching service' is an initiative of all banks in the Netherlands. Switching is usually much easier for freelancers because the number of transactions is often limited, switching often yields quick benefits for freelancers.
The switching service does this for you
The switching service usually takes care of the next one, for 13 months:
- Transfers to your old business payment account are automatically transferred to your new payment account. You can recognize this by the text on the statement at the new bank ' switching service via… '
- When debiting your old bank account with direct debit / authorization, the bank will inform the company or institution that you have switched
- Interest, repayments or premiums for mortgage and / or insurance are automatically debited from your new payment account
- Your old bank gives you an overview of your standing orders. The Switching Service will terminate these transfers for you
- At the end of the 13-month switching period, you will usually receive a letter from your bank reminding you that the Switching Service is about to end. This way you can complete the last steps to complete the switch in time.
You have to arrange this yourself
You still have to arrange a number of things yourself.
- Informing companies and institutions about the new business account number (often the bank you switch to provides transfer cards for this)
- Re-agreeing conditions for current account credit, business loans and debt collection blocks
- Reset standing orders with your new bank
Also consider adjusting account numbers on:
- Writing paper
- quotations and invoices
- on websites
- and report changes to regular customers on time
Are you going to make a switch? Then we recommend Perfect , Space bank and bunq . Prefer to a large bank? Then PIG BANK is a frequently chosen bank among SME entrepreneurs. Not sure yet? Then compare all your options in our overview .
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