Best CAD accounts in the Netherlands 2026

Whether you’re a Canadian living in the Netherlands, or a Dutch citizen or resident traveling to Canada frequently, a CAD account can be a handy tool to make cross currency transactions cheap, quick and convenient.

Cross-border banking services in the Netherlands often focus on EUR accounts, but there are also ways to open a CAD account from the Netherlands if you need one. Depending on how you plan to use it, you might choose a flexible multi-currency account that supports both CAD and EUR from a provider like Wise, or a CAD-focused savings account designed for international use. This guide covers all you need to know to help you choose the best CAD currency account for you.

What is a CAD currency account?

A CAD currency account is an account which lets you hold Canadian dollars.

You might also be able to hold and exchange other currencies in your account if you choose a CAD account with multi-currency features. Other common features include linked debit cards, international transfer services and ways to get paid in CAD from others. Some CAD accounts from banks also offer interest on the balance you hold.

What can you do with a CAD account in the Netherlands?

If you’re a Canadian living in the Netherlands for work or study, or a Dutch resident who does business in Canada or owns property there, a CAD account can be a useful tool.

Different CAD accounts have their own features – but these are some of the more common uses for a Canadian dollar account:

• Hold and convert a CAD balance: Hold a balance in CAD without needing to convert to EUR if you don’t want to. This allows you to save in CAD to pay bills or for planned travel, while cutting out unnecessary conversion costs.
• Receive payments in CAD: Get paid by others in CAD, often with local account details, allowing the sender to make a local payment which is fast, cheap and convenient for them.
• Send payments in CAD: If you’re paying bills in Canada, a CAD account lets you process cross border transfers in a few taps, with options for regular or recurring payments for bill payments, mortgages and other ongoing commitments.
• Spend and withdraw CAD: If you need to spend and withdraw, accounts from providers like Wise and Revolut offer a debit card for convenient and low cost CAD transactions in person and online.

Types of CAD accounts

There are perhaps not as many options for CAD accounts in the Netherlands as you might expect. Not all banks offer foreign currency account options, and where they do the products can tend to be more for business and commercial customers or high wealth individuals looking to save or invest.

However, there still are some great products to choose from, which can be broadly split into either multi-currency products or single currency options..

Multi currency accounts: Multi currency accounts are commonly available from digital providers, although some banks also offer this account type alongside EUR checking services. You can hold CAD alongside many other currencies in a multi currency account which can be a convenient option for people living international lifestyles.

• Wise Account: Hold 40+ currencies, and get local account details for receiving 8+ currencies including CAD, and SWIFT details for receiving 20+ currencies easily.
• Revolut Account: Hold 25+ currencies with a linked debit card to spend and withdraw, and get SWIFT account details to receive Canadian dollars to your account.
• Airwallex Account: Business account supporting 20+ currencies including CAD and EUR, with ways to receive customer bank and card payments online.

Foreign currency accounts: In the Netherlands, foreign currency accounts are less accessible to personal customers than in some other markets. Where they are available, they are typically tailored to business, commercial, or high-net-worth clients, and are designed for holding or transferring funds rather than everyday use. However, there are still some options available such as:

• ING Foreign Currency Account (Business): Business-only account available in 24 currencies including CAD, allowing companies to receive and make payments in the same currency as international partners for €6 per month.
• ABN AMRO Foreign Currency Account: Single-currency account available in 27 currencies including CAD, offered alongside a euro current account for €5 per month to hold and transfer foreign currency.

Best CAD currency accounts in the Netherlands

There’s not really one best CAD currency account in the Netherlands, as different products have their own features to suit different customer needs.

You might prefer multi-currency account and card services from providers like Wise or Revolut if you want to hold CAD with EUR and other currencies in one account, and spend with your debit card locally and overseas. These services are digital only and do not have a branch network which can be a drawback if you need to deposit cash or checks.

There are also personal CAD accounts from banks like ING or ABN AMRO. These products have different niches, and may be a better fit to customers who want to save or invest in foreign currencies like CAD.

The other key option is for business CAD accounts which can be opened with providers like Wise, Revolut and Airwallex. These accounts offer a broad range of supported currencies, cards, and low fees for common business transaction needs.

Here we’ve selected some different providers and banks offering CAD accounts in the Netherlands for personal and business use, looking at convenience, cost and customer intention.

Read on to learn more about each and how their CAD account in the Netherlands works.

	💡 At a glance
Wise Account	Hold and exchange CAD and 40+ other currencies, spend with a Wise Multi-Currency Card in 150+ countries, send and receive payments globally in EUR, CAD and more.
Revolut Account	Choose from 5 different account plans which all offer a debit card, and support 25+ currencies for holding and withdrawal. Travel perks available on some account tiers.
ABN AMRO Foreign Currency Account	Single-currency account available in 27 currencies including AUD, offered alongside a euro current account for €5 per month to hold and transfer foreign currency.
ING Foreign Currency Account	Single-currency business account available in 24 currencies including AUD, allowing companies to receive and make payments in foreign currency for €6 per month.
Airwallex Account	Business account supporting CAD, EUR and 20+ other currencies for holding and exchange, with low conversion costs and great exchange rates.

Wise Account

Open a Wise Account online or in the Wise app, for personal or business use, and hold CAD alongside EUR and 40+ other currencies all in the same account. You can exchange between currencies in the app with the mid-market rate and low, transparent fees, order an optional debit card for spending and cash withdrawals, and send and receive payments globally in EUR, CAD and more.

Accounts offer local and SWIFT details to receive payments, with no fee to receive CAD to your Wise account using your local account information.

• Hold and exchange CAD and 40+ other currencies
• Mid-market currency exchange with low, transparent fees
• Use your Wise Multi-Currency Card in 150+ countries for spending and cash withdrawals

Account opening fee: No opening fee for personal customers. Business customers pay 60 EUR for full feature access*. No minimum balance

Eligibility criteria: Available to Dutch residents and many other countries and regions globally

Supported currencies: CAD, EUR and 40+ other currencies

Monthly fees: None

Exchange rates: Mid-market exchange rates

*About Wise pricing: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

Revolut Account

You can open 5 different types of Revolut Account as a personal customer in the Netherlands, with an additional 4 plan options for business customers. As a personal customer you can choose a Standard plan with no monthly fee, or upgrade to a plan with maintenance fees up to 60 EUR/month.

Higher tier plans offer more no fee transactions, discounts and perks – but all accounts have a linked debit card and ways to convert in the account between 25+ currencies including EUR and CAD. You won’t get local account details to receive CAD payments, but you do get SWIFT account information to receive Canadian dollars that way.

• Hold and exchange many currencies in the same account
• Select your account plan based on your transaction needs
• Personal and business services offered

Account opening fee: No opening fee, no minimum balance

Eligibility criteria: Available to residents of the Netherlands and many other countries and regions globally. Not available for Canadian residents

Supported currencies: CAD, EUR and 25+ other currencies

Monthly fees: Personal customers pay 0 EUR – 60 EUR/month, business customers 10 EUR – 90 EUR/month

Exchange rates: Weekday currency exchange uses the Revolut rate to plan limits, then fair usage fees of up to 0.5% apply. Weekend exchange may attract an extra fee up to 1%.

ING Foreign Currency Account AUD Account

With an ING Foreign Currency Account, you can hold and manage 24 currencies, including CAD. If you are a business owner dealing with frequent cross-border payments, it offers a practical way to limit repeated conversion charges.

The account must be connected to an ING Business Account and does not include a debit card or cash handling services. As a result, it’s better suited to managing international transactions than day-to-day spending.

• Available in 24 currencies including CAD
• Receive and make payments in the same currency as international trading partners
• Decide when to convert foreign currency to euros

Account opening fee: None

Eligibility criteria: Available to ING business customers with an eligible Dutch business account

Supported currencies: 24 currencies including CAD

Monthly fees: €6 per month (excluding fees for the linked business account)

Exchange rates: ING exchange rates apply when converting currencies and may include a markup

ABN AMRO Foreign Currency Account

Open an ABN AMRO Foreign Currency Account to hold funds in a single foreign currency alongside a euro current account held in the same name. The account is available to both private and business clients and supports 27 currencies, including CAD.

Transfers are made and received through online banking in the currency of the account. No debit card is provided, and cash deposits are not supported, so the account is primarily intended for managing foreign currency transactions rather than everyday payments.

• Available in 27 currencies including CAD
• Hold and transfer foreign currency without immediate conversion to euros
• Choose when to convert your balance back to euros

Account opening fee: €0

Eligibility criteria: Must hold an ABN AMRO current account in the same name

Supported currencies: 27 currencies including CAD

Monthly fees: €5 per month

Exchange rates: ABN AMRO buy and sell rates apply when converting currencies and may include a margin over the mid-market rate

Airwallex Business CAD Account

If you need a CAD account for business purposes, an Airwallex Business CAD Account could help you take customer payments online, with corporate debit and expense cards for business spending online and in person.

Airwallex accounts are designed for internationally operating businesses and ecommerce companies in particular, offering great exchange rates with low fees and a wide network for local and international payments.

• Receive, hold, send and spend 20+ currencies
• Open Global Accounts with local bank details to collect payments from customers in their preferred currency
• Business tools including batch payments, corporate cards, expense management, and integrations

Account opening fee: None

Eligibility criteria: Available to eligible EU and Dutch-registered businesses, subject to identity checks and business verification

Supported currencies: 20+ including EUR and CAD

Monthly fees:

• 0 EUR or 19 EUR/month (Explore plan, 0 EUR if you deposit at least 10,000 EUR per month or maintain a 10,000 EUR minimum balance)
• 49 EUR/month (Grow plan)
• From 999 EUR/month (Accelerate plan)

Exchange rates: Interbank rates with a fee of 0.5% for major currencies and 1% for less commonly traded currencies

Fees for CAD accounts in the Netherlands

It’s good to know that the fees for CAD accounts in the Netherlands might look a bit different to the charges associated with your EUR checking account. You can often find an account with no ongoing fees to pay, but there may be strings attached – like holding a minimum deposit or leaving your savings for a fixed term. There are also usually some transaction fees to think about. Check your account fee schedule to make sure you understand the costs of your account before you transact.

Here are some fees to look out for:

• Monthly maintenance fee: Some CAD accounts might have a monthly fee, or you might find you have to open a EUR account first, which has its own service fees to pay. Not all accounts use this sort of ongoing charge – for a low cost alternative check out providers like Wise which don’t charge a maintenance fee.
• Fall below fee: If you’re thinking of a premium tier account you may need to pay a fall below fee if you don’t maintain a fixed minimum balance in your account at all times.
• ATM withdrawal fees: If your CAD account has a debit card, check if ATM fees apply. Costs can be either a flat charge or a percentage of the withdrawal – and often taking money out overseas is far more expensive than in the Netherlands. Providers like Wise and Revolut offer some no fee ATM use each month to help you lower your transaction costs.
• Foreign transaction fees: A foreign transaction fee is another cost sometimes associated with card spending, which can push up the costs of foreign purchases by about 3%. This fee doesn’t usually apply on accounts like the Wise Account or products from Revolut, which allow you to spend currencies you hold with no fees, and convert with low charges where needed.
• Wire transfer fees: Banks sometimes waive wire transfer fees when you send from your CAD account, but it’s important to also check the exchange rate used as it is likely to include a markup. That’s a fee added on top of the mid-market rate you’d see on Google. Providers like Wise and Revolut may offer more competitive rates than many banks.

How to open a CAD account in the Netherlands

The application process for a CAD account in the Netherlands will vary depending on whether you apply through a Dutch bank or a digital provider. Before starting your application, review the eligibility requirements carefully and prepare the necessary documents, including proof of identity and proof of address.

Applicants who are not citizens of an EU or EEA country may need to provide a valid Dutch residence permit and a BSN (burgerservicenummer). In some situations, a long-stay visa (MVV) is required before a residence permit is issued. Non-EEA residents are often required to submit their Dutch address and BSN within a specified timeframe after the account has been opened.

If you apply in person at a Dutch bank branch, you will generally be asked to provide:

• Valid ID (passport or EU identity card)
• Proof of Dutch address
• Your BSN
• Residence permit, if applicable

Digital providers offer a fully online onboarding process. You will complete the application remotely, upload identification documents, and go through an identity verification step as part of the setup.

With banks: Dutch banks may require you to attend an appointment in person, especially for foreign currency accounts such as those from ING or ABN AMRO. During the appointment, a bank representative will guide you through the process and verify your documents. Approval may take a few working days depending on the checks required.

With online providers: Specialist providers like Wise and Revolut don’t have branch locations so you’ll complete your account application, verification and onboarding all digitally. You’re guided through the process by onscreen prompts and you’ll need to take a snap of your ID and address documents with your phone to get verified.

How to use your CAD account in the Netherlands

Finally let’s look at how using a CAD account can help you manage your Canadian dollar payments and transactions with lower fees and less time spent navigating administration.

• Send international money transfers: Send payments to Canada and many other countries with just your phone, often with great exchange rates and low fees. Providers like Wise use their own payment network to make sure you get a super fast transfer time, too.
• Hold and exchange CAD and EUR: Keep CAD and EUR all in one account to make it easier to budget and plan across different currencies. Multi-currency accounts can also let you manage different currencies for things like saving for travel or to send a payment, too.
• Receive CAD payments: Use your CAD account to receive CAD easily with local or SWIFT account information that the sender can use to initiate your transfer without needing to convert it to EUR.
• Use your debit card for spending and withdrawals: Use your CAD debit card to spend and withdraw with low costs and no foreign transaction fees in many cases. Choose a provider like Wise or Revolut and it’s free to spend a currency you hold sufficient balance in, and cheap to convert to CAD if you need to do so to cover a purchase.

Conclusion

Many people living in the Netherlands have personal or professional reasons to manage money in Canadian dollars, and there are several different ways to open CAD accounts in the Netherlands, depending on how you need to transact.

You could pick a CAD account from a bank, like ING or ABN AMRO if you need to send payments to Canada to cover a mortgage or bills, or if you want to earn interest.

Or for a more flexible multi-currency account option you might prefer Wise which lets you hold CAD along with EUR and 40+ other currencies. Use your account to send, spend, hold and receive CAD for day to day payments, travel and bills, with low costs and great exchange rates.

Useful resources:

• Revolut Personal Pricing Plans – Revolut Netherlands personal account plans, fees and feature descriptions
• Revolut Business Pricing Plans – Revolut business account plans and pricing available to Dutch residents
• Wise Pricing & Fees – Wise account features, supported currencies and up-to-date fee information
• ING Foreign Currency Account – ING business foreign currency account details, supported currencies and pricing
• ABN AMRO Foreign Currency Account – ABN AMRO foreign currency account information, fees and supported currencies
• Airwallex Pricing – Airwallex business account descriptions and fee structure