Going Dutch on a date and need to get some cash to your cute dame or heren? They can now receive the cash in just five seconds in their bank account, thanks to an upgrade to Dutch internet payment systems. 

Customers of seven Dutch banks can now make immediate transfers at any time of the day, week or year. The new instant payment system will put an end to waiting times that  could, in the past, wait until the next working day.

If you’re a customer of ING, Rabobank, ABN AMRO, ASN Bank, Regiobank, SNS and Knab, these instant payments are now available. Congratulations! We’re not sure it makes up for all those crazy low interest rates at the moment though.

How do I transfer money instantly?

You can take part in immediate transfers with no extra work on your part! The new payment option is now available on mobile and internet banking. There isn’t even a limit on how many euros can be transferred instantly, despite other Eurozone countries limiting transactions to 15,000 euros.

Want to test the new instant payment system?! Send cash to DutchReview, ISBN 12345678910 ?

Why is this significant?

This has been in the works for over four years now. Earlier this year they announced all their hard work would be soon coming to fruition. It also makes the Netherlands a leader for fast payment systems in the Eurozone – go us!

Want to know more about banking in the Netherlands? How about setting up an online bank account? Still confused about why your Mastercard and Visa cards don’t work in NL? Something else? Let us know in the comments below!


Feature Image: Bankenverband/Hanibal(Michael Hanschke)/Flickr/CC2.0


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