What is the SWIFT/BIC code format used in Netherlands?

Every bank, EMI and PSP in Netherlands that sends international payments has an 8 or 11 character SWIFT/BIC code. Ohmyfin lists 625 institutions in Netherlands with an assigned BIC. You can verify any of them on this page or through the Ohmyfin API.

Is IBAN mandatory in Netherlands?

Yes. IBAN is required for bank accounts in Netherlands. The local IBAN follows the format NL2!n4!a10!n.

Netherlands: SWIFT/BIC Codes & Payment Info

Browse banks, EMIs, PSPs and other organizations in Netherlands that hold a SWIFT/BIC code. See correspondent banking data and review the country's payment requirements.

Currency

EUR (Euro)

IBAN

Mandatory (NL2!n4!a10!n)

SEPA

Yes

Convertibility

Freely convertible

The euro (EUR) is a freely floating, fully convertible reserve currency and the second most traded currency in the world; the Netherlands is a founding euro-area member since the euro's introduction in 1999.

Currency controls

None

The Netherlands applies no exchange or capital controls under EU free movement of capital and accepted IMF Article VIII in 1961; the only cash rules are anti-money-laundering measures, a EUR 10,000 declaration at the EU border and, from 1 January 2026, a ban on cash payments of EUR 3,000 or more for traders in goods.

FATF

Founding member, not listed

The Netherlands is a founding FATF member and is on neither the FATF grey nor black list; its 2022 mutual evaluation found strong technical compliance, and a 2025 follow-up upgraded its rating on the supervision of virtual-asset service providers.

CRS / AEOI

CRS participant

The Netherlands is an OECD Common Reporting Standard jurisdiction and has exchanged financial-account information automatically since 2017.

Sanctions

EU and UN, plus own terrorism list

EU restrictive measures apply directly alongside UN sanctions, and the Netherlands also maintains its own National Terrorism Sanctions List under the Sanctions Act 1977; enforcement is shared by DNB, the AFM and Dutch Customs, so screen counterparties before settling.

Crypto / digital assets

Legal, MiCA-regulated

Cryptoassets are legal and regulated under the EU MiCA framework, with the AFM authorising crypto-asset service providers and DNB supervising asset-referenced and e-money token issuers; the short Dutch transition has closed, so full authorisation is required. Not legal tender.

Cross-border payments and banking in Netherlands:

The Netherlands uses the euro (EUR), a freely floating, fully convertible reserve currency and the second most traded currency in the world. The Netherlands is a founding member of the euro area, which introduced the euro in 1999, and monetary policy is set by the European Central Bank and implemented domestically by De Nederlandsche Bank (DNB). There are no exchange or capital controls: under EU free-movement-of-capital rules residents and non-residents may hold, buy and transfer any currency without approval, and the Netherlands accepted IMF Article VIII obligations in 1961. The only cash-specific limits are anti-money-laundering measures rather than exchange controls, a EUR 10,000 declaration on cash crossing the EU border and, from 1 January 2026, a ban on cash payments of EUR 3,000 or more for traders in goods. The Netherlands uses IBAN: a Dutch IBAN is 18 characters, made up of NL, two check digits, a four-letter bank code and a ten-digit account number, and that four-letter code matches the first four characters of the bank's SWIFT BIC. As a Eurozone and core SEPA country, euro credit transfers and direct debits to and from the Netherlands run on SEPA rails at the same price as domestic payments.

Inbound cross-border payments arrive by SWIFT (MT103 or the ISO 20022 MX equivalent) and then settle domestically. Large-value euro payments settle in central bank money through TARGET (T2), the Eurosystem real-time gross settlement system that DNB helps operate, while retail euro flows clear through pan-European SEPA infrastructure. SEPA Instant credit transfers run around the clock, complete within seconds and carry up to EUR 100,000, and since 2025 every euro-area payment provider must both send and receive them. Since 9 October 2025 those providers must also run a free Verification of Payee check, matching the beneficiary name against the IBAN before a euro transfer is released, so an accurate beneficiary name now matters as much as the account number. To credit a beneficiary without delay an instruction typically needs:

the ordering customer in field 50 (account number, full name without initials, and address);
the beneficiary in field 59 (IBAN, full name without initials, and address);
the beneficiary bank in field 57 (its SWIFT BIC).

The Netherlands has no purpose-of-payment code requirement for cross-border transfers, and there are no separate domestic clearing codes for international routing, so the SWIFT BIC is the key routing identifier and the IBAN identifies the account. For SEPA euro transfers within the EU and EEA the IBAN-only rule applies and a BIC is not required; a BIC is needed only for payments outside SEPA. Messaging is fully ISO 20022: the Netherlands was an early adopter and T2 migrated in 2023. Domestic online payments are dominated by iDEAL, the bank-transfer method behind most Dutch e-commerce, which is scheduled to migrate to the pan-European Wero wallet by 2027. Using a beneficiary's initials instead of the full registered name is a common cause of delay.

On compliance, the Netherlands is a founding FATF member and sits on neither the FATF grey nor black list; its 2022 mutual evaluation found strong technical compliance, and a 2025 follow-up upgraded its rating on virtual-asset supervision. The Netherlands is an OECD CRS/AEOI jurisdiction and has exchanged financial-account information automatically since 2017. Anti-money-laundering rules rest on the Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft), supervised by DNB and the Authority for the Financial Markets (AFM) under a twin-peaks model, with reports made to FIU-Nederland; the Dutch system requires reporting of unusual transactions rather than only suspicious ones, a deliberately broad trigger. EU restrictive measures apply directly alongside UN sanctions, and the Netherlands also maintains its own National Terrorism Sanctions List under the Sanctions Act 1977, so screen counterparties before you pay. From July 2027 a single EU anti-money-laundering rulebook applies, and the EU's new Anti-Money Laundering Authority (AMLA), based in Frankfurt, has been operational since 2025 ahead of taking on direct supervision of selected high-risk institutions from 2028.

Cryptoassets are legal in the Netherlands and regulated under the EU MiCA framework, with the AFM authorising crypto-asset service providers and DNB supervising issuers of asset-referenced and e-money tokens. The Netherlands adopted one of the shortest transitional windows in the EU, which has now closed, so providers require full MiCA authorisation, and the AFM issued some of the EU's first MiCA licences at the end of 2024. Banks may offer crypto custody and trading with the appropriate authorisation. Crypto is not legal tender, the euro remains the sole legal tender, and virtual-asset businesses apply full anti-money-laundering and KYC controls. A central bank digital currency, the digital euro, is a European Central Bank project in which DNB is closely involved: the Eurosystem moved to its next preparation phase at the end of 2025, the European Commission published the framework legislation in 2026, and a pilot is expected from 2027 with any first issuance not before around 2029; no decision to issue it has been taken.

Regulatory and cross-border snapshot

Central bank: The Dutch central bank and a Eurosystem member; under the twin-peaks model it is the prudential supervisor while the AFM handles conduct, and it helps operate the TARGET (T2) settlement platform. · official site
AML authority: The Financial Intelligence Unit of the Netherlands, under the Ministry of Justice and Security; it receives reports of unusual transactions under the Wwft, a deliberately broader trigger than suspicious-transaction reporting.
Sanctions posture: EU restrictive measures apply directly alongside UN sanctions, and the Netherlands also maintains its own National Terrorism Sanctions List under the Sanctions Act 1977; enforcement is shared by DNB, the AFM and Dutch Customs, so screen counterparties before settling.
Correspondent routing: As a euro-area member, the Netherlands settles euro payments domestically in central bank money through TARGET (T2), so inbound EUR needs no correspondent chain and typically arrives the same day. Amsterdam is a significant European financial hub with deep euro-clearing capacity, and the largest Dutch banks are themselves global correspondents that generally hold direct or well-established relationships for the major currencies, so a foreign-currency leg clears through that currency's home market, USD through a US clearing intermediary and other currencies through their own areas. The currency of settlement, not access to the Netherlands, is usually what drives routing and cut-off times. Sanctions screening applies to every payment: designated persons and entities are blocked and flows to EU-sanctioned jurisdictions are restricted, while ordinary country corridors stay open.

Reference sources: De Nederlandsche Bank (DNB)· Authority for the Financial Markets (AFM)· FIU-Nederland· Dutch Payments Association (Betaalvereniging Nederland)· FATF - Netherlands· OECD - CRS by jurisdiction (AEOI portal)· European Central Bank - digital euro· Dutch Government - International Sanctions

SWIFT/BIC code holders in Netherlands (625)

Banks, EMIs, PSPs and other organizations with an assigned BIC. Click any entry for SWIFT/BIC details, correspondent banking data and supported currencies.

WTSSNL2R (WTSS B.V.) WISHFUL THINKING SOFTWARE, AND SOLUTIONS B.V. TRNINL21 2B TRADING B.V. TRNGNL21 323 TRADING B.V. MOLUNL22 3S MONEY CLUB LIMITED TAAINL21 9STREET CAPITAL MARKETS B.V. AALBNL22 AALBERTS N.V. ABNANL2A ABN AMRO BANK N.V KBWFNL21 ABN AMRO BANK N.V. ABNCNL2A ABN AMRO CLEARING BANK N.V. DIRKNL21 ABN AMRO HYPOTHEKEN GROEP B.V. ACCINL21 ACCENT AIGU B.V. AGRVNL21 ACCENT GRAVE B.V. ACTONL21 ACCENT TONIQUE B.V. ACHLNL21 ACHMEA BANK N.V. AHBKNL2G ACHMEA BANK NV SYAVNL22 ACHMEA INVESTMENT MANAGEMENT INPVNL21 ACHMEA INVESTMENT MANAGEMENT B.V. PVNDNL21 ACHMEA PENSIOENSERVICES N.V. ACTGNL2A ACT COMMODITIES GROUP B.V. ACTXNL22 ACTION HOLDING B.V. ADYENL2A ADYEN INTERNATIONAL B.V. ADYBNL2A ADYEN N.V. AEIMNL2G AEGON INVESTMENT MANAGEMENT B.V. AENVNL2G AEGON N.V. XAEXNL21 AEX-AGRICULTURAL FUTURES EXCHANGE OEWBNL21 AFS EQUITY AND DERIVATIVES B.V. AFMONL21 AFS INTEREST B.V. AGIUNL22 AGRIFIRM GROUP B.V. AGBSNL21 AGRIGENTO BASSA B.V. AIRBNL22 AIRBUS SE AINHNL22 AIRWALLEX (NETHERLANDS) B.V. AINSNL22 AIRWALLEX NETHERLANDS STICHTING AKZONL2A AKZO NOBEL N.V. ATGNNL21 ALGORITHMIC TRADING GROUP NETHERLANDS, MANAGAMENT BV AOINNL21 ALL OPTIONS INTERNATIONAL BV FESDNL21 ALPHABAY CAPITAL B.V. ALPPNL21 ALPINVEST PARTNERS N.V. INGQNL21 ALTIS INVESTMENT MANAGEMENT B.V. EDBVNL21 AMBASSADOR VERMOGENSBEHEER B.V. IAACNL21 AMBASSADOR VERMOGENSBEHEER B.V., CORPORATION EUROPE B.V. ATRVNL21 AMOPTIONS TRADING VIII B.V. AMBRNL21 AMSTERDAM BROKERS B.V. XACENL21 AMSTERDAM COMMODITY EXCHANGE XAMSNL21 AMSTERDAMSE EFFECTENBEURS ANDLNL2A ANADOLUBANK NEDERLAND N.V. AAEMNL21 ANTHOS FUND AND ASSET MANAGEMENT B.V. ANHHNL21 ANTHOS PRIVATE WEALTH MANAGEMENT B.V. ABPTNL2H APG ASSET MANAGEMENT N.V. ACDINL22 ARCADIS N.V. AHHANL2A ARCELIK HITACHI HOME APPLIANCES B.V. ADBVNL2A ARCOS DORADOS BV ARSNNL21 ARGENTA SPAARBANK N.V. ASIXNL2A ASICS EUROPE B.V. FTSINL2U ASR VERMOGENSBEHEER N.V. ATCDNL22 ATLAS CONCORD B.V. DEVRNL21 AUREUS GROUP BV LPLNNL2A AYVENS BANK N.V. BSINNL22 B AND S INTERNATIONAL B.V. DCOMNL21 B.A. VAN DOORN EN COMP B.V. BGLANL2A BA GLASS B.V. BNRSNL2E BANARAS B.V. BSCHNL2A BANCO SANTANDER, S.A., AMSTERDAM, BRANCH BOFANLNX BANK OF AMERICA EUROPE DESIGNATED, ACTIVITY COMPANY, AMSTERDAM BRANCH BKCHNL2R BANK OF CHINA (EUROPE) S.A., ROTTERDAM, BRANCH BNYMNL22 BANK OF NEW YORK MELLON SA/ NV,, AMSTERDAM BRANCH TECTNL21 BANK TEN CATE AND CIE NV BCDMNL22 BANQUE CHAABI DU MAROC BCMKNL22 BARAK CAPITAL MARKET MAKING B.V. BARCNL22 BARCLAYS BANK IRELAND PLC, NETHERLANDS, BRANCH KNABNL2H BAWAG AG BRANCH NETHERLANDS

Frequently asked questions

Does the Netherlands use IBAN?

Yes. The Netherlands uses IBAN, and a Dutch IBAN is 18 characters: NL, two check digits, a four-letter bank code and a ten-digit account number. The four-letter bank code matches the first four characters of the bank's SWIFT BIC. For SEPA euro transfers within the EU and EEA the IBAN alone is enough and a BIC is not required; a BIC is needed only for payments outside SEPA. For an inbound payment you need the beneficiary's IBAN and, for non-SEPA transfers, the beneficiary bank's SWIFT BIC.

Is the Netherlands on the FATF grey list?

No. The Netherlands is a founding FATF member and is on neither the FATF grey list (jurisdictions under increased monitoring) nor the black list as of 2026. Its 2022 mutual evaluation found strong technical compliance in combating money laundering and terrorist financing, and a 2025 follow-up upgraded its rating on the supervision of virtual-asset service providers.

How do international payments reach a bank in the Netherlands?

Euro payments reach the Netherlands over SEPA: SEPA Credit Transfers and SEPA Instant Credit Transfers move euro to and from Dutch accounts at the same cost as domestic transfers, with instant transfers settling within seconds around the clock up to EUR 100,000. Payments from outside the euro area arrive by SWIFT and settle domestically, with large values passing through the Eurosystem's TARGET (T2) system. To route funds you need the beneficiary's IBAN and, for non-SEPA payments, the beneficiary bank's SWIFT BIC, plus the full name and address of the ordering and beneficiary customers. Since October 2025 the beneficiary name is also checked against the IBAN before a euro transfer is released.

Is the Netherlands a CRS country?

Yes. The Netherlands is an OECD Common Reporting Standard (CRS) / Automatic Exchange of Information jurisdiction and has exchanged financial-account information automatically since 2017. Reporting financial institutions identify accounts held by tax residents of other participating jurisdictions and report them to the Dutch tax authorities for annual exchange.

How is cryptocurrency regulated in the Netherlands?

Cryptoassets are legal in the Netherlands and regulated under the EU Markets in Crypto-Assets Regulation (MiCA), with the Authority for the Financial Markets (AFM) authorising crypto-asset service providers and De Nederlandsche Bank (DNB) supervising issuers of asset-referenced and e-money tokens. The Netherlands adopted one of the shortest transitional windows in the EU, which has now closed, so providers require full MiCA authorisation, and banks may offer crypto custody and trading with the appropriate authorisation. Crypto is not legal tender, the euro remains the sole legal tender, and virtual-asset businesses apply full anti-money-laundering and KYC controls. Separately, the digital euro, a possible central bank digital currency, is a European Central Bank project in which DNB is closely involved; the Eurosystem moved to its next preparation phase at the end of 2025 and no decision to issue it has been taken.