Send Money To Netherlands

Currency Symbol and Swift Codes

What currency does the Netherlands use or what currency does Holland use? The Dutch guilder (NLG) was the officially used currency in Netherlands until 2002. Since 2002, the euro (EUR) has been used as the country’s official currency. From 1999 to 2002, the guilder functioned as a subunit of the euro. One euro is divided into 100 cents.

If you want to transfer money to a bank account in Netherlands, you will need the bank’s SWIFT code. Here are SWIFT codes on some popular banks in Netherlands.

Case Study

David and his wife planned to take a vacation in Netherlands. He figured he might be able to save some money to getting in touch with the hotel they had selected directly. Upon speaking with the hotel’s manager, he got a reasonable discount. He also got the option of making the payment from Canada, so he did not have to worry about it later. While the total he was required to pay stood at around CAD 3,700, he decided to send CAD 4,000 because he knew there would be additional costs to cover.

Using his local Canadian bank was an option, but David decided to compare it with a leading overseas money transfer company. The findings of his comparison are listed in the corresponding table.

David was glad he ran a comparison before he made the payment. By using the money transfer company instead of the bank, the hotel ended up receiving close to €200 more, which added to their holiday’s budget.

Cash Pickup Locations in Netherlands

If you want to send money to Netherlands quickly, transferring it to a cash pickup center is one way to go about the process. Some of the top companies that have agent networks in Netherlands include Ria, Western Union, and MoneyGram.

Safety Tips for Picking Up Cash in Netherlands

Instances of violent crime in Netherlands are rare. However, petty crimes such as bag snatching and pickpocketing tend to take place in and around Amsterdam as well as other big cities. Tourists are commonly targeted by thieves so it is important that you exercise basic precautions at all times.

Thieves are known to operate in gangs on trams as well as trains, where distraction is often used as a tactic to divert the attention of victims. Keep your belongings carefully when in restaurants, cafes, bars, or pubs, as they can be stolen when you are not looking. Do not leave jackets or bags hanging from the backs of chairs.

Some criminals use false police identities to trick foreigners into handing over money and cards. If you encounter such a situation, make sure you ask for identity and check it thoroughly.

What Information Do I Need to Transfer Money to Netherlands?

You will need to provide different kinds on information when you want to transfer money to Netherlands, and it varies depending on how you want the money to get to the recipient.

• To a bank account. The information you need includes the recipient’s name and bank account number as well as the receiving bank’s name and SWIFT code.
• To a cash pickup center. Get the recipient to identify a suitable cash pickup center because you will need to provide this information along with the sender’s complete name. The recipient can collect the money by presenting a valid form of ID along with a transaction or reference number.

Regulations When Transferring Money To and From Netherlands

As a part of the European Union, Netherlands does not have its own currency controls or regulations. The Financial Intelligence Unit of De Nederlandsche Bank (the central bank of the Netherlands) is responsible for overseeing the country’s payments systems. The European Central Bank (ECB) sets the region’s single monetary policy.

There is no limit to how much money you may transfer in or out of Netherlands. However, if you transfer more than €10,000 to or from the country, it needs to be declared to the relevant authorities.