What is the currency in the Netherlands?

Date published 12 June 2024
Date modified 12 June 2024

Visiting a new country always comes with its set of questions and curiosities, especially about the local currency. If you're planning a trip to the Netherlands or considering moving here, you might wonder about the currency used in this vibrant country. In this blog, we dive deep into the Dutch currency, providing you with all the information you need for a smooth experience in the Netherlands.

Dutch Currency

The currency of the Netherlands is the Euro (€), shared by most European Union countries. In the Netherlands, you'll encounter banknotes in denominations of 5, 10, 20, 50, 100, 200, and occasionally, the 500 euro note. Coins are used as well, including 1 and 2 euro coins, supplemented by smaller denominations of 1, 2, 5, 10, 20, and 50 cents. Familiarizing yourself with these will make transactions smoother during your stay.

Introduction of the Euro

The Euro was introduced to the Netherlands in 2002, replacing the Dutch Guilder. This significant change included a dual circulation period of three years, allowing both the Guilder and the Euro to be used concurrently. This transition period facilitated a smoother adaptation to the Euro for residents and businesses alike.

Payment Methods in the Netherlands

In the Netherlands, the preferred payment method is the debit card, with cash usage steadily declining. Most banks offer contactless payment options, including mobile payments, catering to a seamless and efficient transaction process. Another popular payment method is iDEAL, an online payment system that directly links to your bank account, widely used for online purchases.

ATM Machines

For those needing cash, ATMs, locally known as 'Geldautomaat,' are conveniently located throughout the country. These machines accommodate various cards, making it relatively easy to withdraw cash. Remember, finding a 'Geldautomaat' can save you in a pinch, especially when small establishments don't accept cards.

Opening a Bank Account

For expatriates and residents, having a local bank account is invaluable. It simplifies daily transactions, rent payments, and receiving salaries. To open an account, you'll need identification, proof of address, and sometimes a citizen service number (BSN). Setting up a bank account early can significantly ease your transition to living in the Netherlands.

Need More Information on Dutch Money?

If you find a job in the Netherlands through Work in Holland, we assist with your transition, including providing more information about Dutch currency.

Still looking for a job in the Netherlands? We have a wide range of jobs in different locations, from Amsterdam jobs to jobs in Eindhoven, and different industries such as technical jobs and welding jobs in the Netherlands and. Contact us for more information!