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Latest question answered:

Phil Loughton
Phil Loughton

Hi Phil, I have been asked to open an off shore account at Ing Direct Offshore Bank, 98 Republic St 19268, 1000 GG Spain. Telephone +345-189-890-94.
Please confirm if this a legitimate bank that does exist.
Many Thanks , Regards Allan

by Allan Dickson on 01 Mar 2018 Read Answer
Phil Loughton
Phil Loughton

Hello Mr. Loughton, I am a dual citizen (US and NL) and have a Dutch partner. I have received a letter from my bank, Rabobank, that I must submit US information to them. For the past 10 years I have held a beleggersrekening with them and have more or less lived from my investments. I heard that US citizens cannot have an investment account in NL because of some new laws. Would transferring the money to my partner's account or opening a new account under my partner's name solve the problem?

by Janet Lane on 03 Feb 2018 Read Answer
Phil Loughton
Phil Loughton

Hello Phil,
I am planning to relocate to the Netherlands from Germany to work as a ZZP. What bank and what type of account would you recommend?
Thank you in advance!
Kind regards,
Irene

by Irene on 14 Jan 2018 Read Answer
Phil Loughton
Phil Loughton

Dear Phil,

I see here that you sometimes recommend opening the offshore accounts. My question is how it is regarded in NL banks if I transfer amounts to my dutch accounts e.g. to buy apartment or car etc. Is there a justification through documents, or any other that I need to do?

Thank you

by Zoe on 22 Dec 2017 Read Answer
Phil Loughton
Phil Loughton

I am a Dutch freelance translator living in the US. I used to have an ABN AMRO account which I primarily used for European clients to be able to make payments to me. I could then either withdraw the money here in the US or leave it in Nederland to use when I am there. ABN AMRO closed my account because 'it was the wrong kind of account' - I had it since 1997, and they closed it in 2015, but maybe the laws changed. My question is: how can I open a new Dutch bank account from the US for accepting euro payments? Thanks

by Astrid Homan on 09 Nov 2017 Read Answer
Phil Loughton
Phil Loughton

Hi Phil,

I live permanently in the Netherlands and have dual citizenship with the U.S. and Netherlands. I am approaching retirement age and will soon be receiving benefits from U.S. Social Security, a pension from a former employer in the U.S. as well as money from several Individual Retirement Accounts that I hold in America.

Ideally, I would like to have all of these entities direct deposit these funds to my bank here in Holland. Unfortunately, the IRAs will not direct deposit to a foreign bank, and I'm not sure how the others will handle that situation.

One possible solution is to create a savings account with U.S. bank. Then these institutions can direct deposit my money to a bank located in the U.S. and then I could transfer these funds to my Dutch bank.

I know that more Dutch banks also have a physical presence in the U.S. Do you think it's possible to open a U.S. bank account with one of these Dutch banks here in Holland? Or, do you know of any U.S. banks with a presence here in Holland where I can open an account? The bottom line question is: Can I open a U.S. bank account with a U.S. bank without having to leave the Netherlands?

Thanks for any knowledge or advice you might have.

by Michael on 24 Jul 2017 Read Answer
Phil Loughton
Phil Loughton

Hi Phil,

I am living in the Netherlands. If I put money in my savings account (above 24.000 euros) what tax will I need pay?

Thanks.

Best regards,
Jorge Moita

by Jorge Moita on 13 Jun 2017 Read Answer
Phil Loughton
Phil Loughton

What is the cost, if any, to open an offshore account with your bank?

by Walter Ashton on 02 May 2017 Read Answer
Phil Loughton
Phil Loughton

Hi Phil,

I am an Egyptian resident. I don't have any other residency or nationality. I work for a multinational company with the headquarters in Amsterdam. I am contracted to the UK office. As I work offshore my contract doesn't require me to have a residency anywhere in Europe. I visit the office in Den Helder frequently. Most of my offshore work is in Norway and this is where I pay taxes.

Is it possible for me to open a bank account for non residents in the Netherlands? And if yes, can I use this account for salary transfer? And what would be the services offered?

Thanks for your help.

by Hassan Gaafar on 22 Oct 2016 Read Answer
Phil Loughton
Phil Loughton

Hi Phil,

I am a Dutch citizen with a Dutch passport currently living and working in South Africa. I recently approached a high street bank to open accounts for investment purposes in the Netherlands. I was issued application forms but once I sent them in I was turned away and told that I must be a resident of an EU country in order to open account.

I'm very disappointed and while I understand banks focusing on anti-terrorist financing and money laundering I find it completely unacceptable that I'm reject from being able to open account on account my living in another country despite having Dutch blood and legal citizenship.

Can you recommend a bank that doesn't have a carrot up it's backside and doesn't turned away it's own countryman?

Best regards,
Gerard

by Gerard de Jong on 06 Jul 2016 Read Answer

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