{"id":2809,"date":"2024-06-15T09:10:43","date_gmt":"2024-06-15T09:10:43","guid":{"rendered":"http:\/\/localhost\/dpetkovski\/?p=2809"},"modified":"2024-07-03T18:44:23","modified_gmt":"2024-07-03T18:44:23","slug":"investment-costs-with-dutch-banks-full-comparison","status":"publish","type":"post","link":"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/","title":{"rendered":"Investment Costs with Dutch Banks (Full Comparison)"},"content":{"rendered":"<p>Investing through the Dutch banks is quite popular with investors\u00a0from the Netherlands.<\/p>\n<p>This is mostly due to the ability for automatic periodic investments and <a href=\"https:\/\/dpetkovski.com\/dividend-leakage-understanding-the-hidden-cost\/\">tax optimization<\/a> through the <a href=\"https:\/\/dpetkovski.com\/northern-trust-funds-vs-etfs-full-comparison\/\">Northern Trust Funds<\/a>.<\/p>\n<p>In this post, I&#8217;ll compare the costs of &#8220;the Big 3&#8221; Dutch banks: ING Bank, ABN Amro, and Rabobank.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_60 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-66e419e8f07d1\" ><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-66e419e8f07d1\"  type=\"checkbox\" id=\"item-66e419e8f07d1\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#Assumptions_the_Type_of_Investor\" title=\"Assumptions: the Type of Investor\">Assumptions: the Type of Investor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#Dutch_Banks_Cost_Comparison\" title=\"Dutch Banks Cost Comparison\">Dutch Banks Cost Comparison<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#ING_Bank_Investment_Account_Costs\" title=\"ING Bank Investment Account Costs\">ING Bank Investment Account Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#ABN_Amro_Investment_Account_Costs\" title=\"ABN Amro Investment Account Costs\">ABN Amro Investment Account Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#Rabobank_Investment_Account_Costs\" title=\"Rabobank Investment Account Costs\">Rabobank Investment Account Costs<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#Scenarios_Different_Investors_from_the_Netherlands\" title=\"Scenarios: Different Investors from the Netherlands\">Scenarios: Different Investors from the Netherlands<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#1_Portfolio_of\" title=\"1) Portfolio of &lt;\u20ac100k &#8211; Beginner Investors\">1) Portfolio of &lt;\u20ac100k &#8211; Beginner Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#2_Portfolio_of_E200k_%E2%80%93_Intermediate_Investors\" title=\"2) Portfolio of \u20ac200k &#8211; Intermediate Investors\">2) Portfolio of \u20ac200k &#8211; Intermediate Investors<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#ING_Costs_for_Intermediate_Investors\" title=\"ING Costs for Intermediate Investors\">ING Costs for Intermediate Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#ABN_Amro_Costs_for_Intermediate_Investors\" title=\"ABN Amro Costs for Intermediate Investors\">ABN Amro Costs for Intermediate Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#Rabobank_Costs_for_Intermediate_Investors\" title=\"Rabobank Costs for Intermediate Investors\">Rabobank Costs for Intermediate Investors<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#3_Portfolio_of_E1000000_%E2%80%93_Advanced_Investors\" title=\"3) Portfolio of \u20ac1,000,000 &#8211; Advanced Investors\">3) Portfolio of \u20ac1,000,000 &#8211; Advanced Investors<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#ING_Costs_for_Advanced_Investors\" title=\"ING Costs for Advanced Investors\">ING Costs for Advanced Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#ABN_Amro_Costs_for_Advanced_Investors\" title=\"ABN Amro Costs for Advanced Investors\">ABN Amro Costs for Advanced Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#Rabobank_Costs_for_Advanced_Investors\" title=\"Rabobank Costs for Advanced Investors\">Rabobank Costs for Advanced Investors<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#ING_vs_ABN_Amro_vs_Rabobank\" title=\"ING vs ABN Amro vs Rabobank\">ING vs ABN Amro vs Rabobank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#Afterword\" title=\"Afterword\">Afterword<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Assumptions_the_Type_of_Investor\"><\/span>Assumptions: the Type of Investor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For the purposes of this post, I&#8217;ll assume the archetype of an <strong>index investor<\/strong>. Someone who <a href=\"https:\/\/dpetkovski.com\/dca-dollar-cost-averaging-investment-strategy-explained\">cost averages<\/a> into <a href=\"https:\/\/dpetkovski.com\/index-investing-index-funds-a-gentle-introduction\/\">index funds<\/a> and holds them for the long-term.<\/p>\n<p>Also, I&#8217;ll assume that the investor does this without the help of the bank. In other words, he would use a <em>&#8220;Zelf Beleggen&#8221;<\/em> option (the names differ per bank, but the idea is that it&#8217;s independent investing).<\/p>\n<p>Lastly, I&#8217;ll assume that he needs the bank account outside his investment endeavors. This will allow me to ignore the \u20ac2-3 monthly fee people pay for the privilege of having a Dutch bank account. Everyone in the Netherlands pays this so it&#8217;s not specific to investors.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dutch_Banks_Cost_Comparison\"><\/span>Dutch Banks Cost Comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"ING_Bank_Investment_Account_Costs\"><\/span>ING Bank Investment Account Costs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ING&#8217;s fixed fees are as follows:<\/p>\n<ul>\n<li>No transaction costs for buying or selling index funds<\/li>\n<li>There&#8217;s a yearly 20\u20ac &#8220;basic fee&#8221; for having the investment account<\/li>\n<\/ul>\n<p>And below are the variable ongoing fees, charged yearly:<\/p>\n<ul>\n<li>0.24% of your portfolio up to \u20ac100k<\/li>\n<li>0.12% of your portfolio between \u20ac100k and \u20ac500k<\/li>\n<li>0.06% of your portfolio between \u20ac500k and \u20ac2.5M<\/li>\n<li>Custom plan for amounts over \u20ac2.5M<\/li>\n<\/ul>\n<p>From the <a href=\"https:\/\/www.ing.nl\/particulier\/beleggen\/beginnen-met-beleggen\/tarieven\/tarieven-zelf-op-de-beurs.html\">ING&#8217;s website<\/a>:<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-2811\" src=\"http:\/\/localhost\/dpetkovski\/wp-content\/uploads\/2024\/05\/ing-costs.png\" alt=\"ing costs\" width=\"787\" height=\"247\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"ABN_Amro_Investment_Account_Costs\"><\/span>ABN Amro Investment Account Costs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ABN Amro doesn&#8217;t have any fixed costs related to an investment account.<\/p>\n<ul>\n<li>No transaction costs for buying and selling index funds and ETFs<\/li>\n<\/ul>\n<p>Their variable annual fees are as follows:<\/p>\n<ul>\n<li>0.2% of your portfolio up to \u20ac100k<\/li>\n<li>0.12% of your portfolio between \u20ac100k and \u20ac400k<\/li>\n<li>0.06% of your portfolio over \u20ac400k<\/li>\n<\/ul>\n<p>From <a href=\"https:\/\/www.abnamro.nl\/en\/personal\/investments\/types-of-investing\/self-directed-investing-basic\/index.html\">ABN Amro&#8217;s website<\/a>:<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-2803\" src=\"http:\/\/localhost\/dpetkovski\/wp-content\/uploads\/2024\/05\/abn-costs-1.png\" alt=\"abn costs\" width=\"589\" height=\"353\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Rabobank_Investment_Account_Costs\"><\/span>Rabobank Investment Account Costs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Rabobank&#8217;s fixed fees are as follows:<\/p>\n<ul>\n<li>0.1% transaction costs for buying or selling index funds<\/li>\n<li>A minimum cost of 20\u20ac per annum, waived if the actual fees exceed it<\/li>\n<li>A maximum cost of 400\u20ac per annum, capped even for large portfolios<\/li>\n<\/ul>\n<p>With that said, here&#8217;s what&#8217;s in between the 20\u20ac and the 400\u20ac:<\/p>\n<ul>\n<li>0.24% of your portfolio up to \u20ac100k<\/li>\n<li>0.12% of your portfolio above \u20ac100k<\/li>\n<\/ul>\n<p>From <a href=\"https:\/\/www.rabobank.nl\/particulieren\/beleggen\/rabo-zelf-beleggen\">the Rabobank&#8217;s website<\/a> and their <a href=\"https:\/\/media.rabobank.com\/m\/14436ec47eac2bbb\/original\/Tarieven-beleggen-bij-de-Rabobank.pdf\">&#8220;Tarieven-beleggen&#8221; pdf<\/a>:<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-2812\" src=\"http:\/\/localhost\/dpetkovski\/wp-content\/uploads\/2024\/05\/rabo-costs.png\" alt=\"investment bank\" width=\"853\" height=\"213\" \/><\/p>\n<p>Minus points for having to download a pdf and stating on quarterly rather than on annual basis.<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Scenarios_Different_Investors_from_the_Netherlands\"><\/span>Scenarios: Different Investors from the Netherlands<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Due to the tiered system of all banks, we need to split the analysis in three broad categories:<\/p>\n<ul>\n<li>Beginner investors (portfolio of &lt;\u20ac100k)<\/li>\n<li>Intermediate investors (portfolio of \u20ac200k)<\/li>\n<li>Advanced investors (portfolio of \u20ac1M)<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"1_Portfolio_of\"><\/span>1) Portfolio of &lt;\u20ac100k &#8211; Beginner Investors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This is the archetype of the standard beginner investor. Someone that&#8217;s willing to start or recently started investing.<\/p>\n<p>Here are the costs he&#8217;d have with each of the banks per year:<\/p>\n<ul>\n<li><strong>ING:\u00a0<\/strong>20\u20ac basic fee + 0.24% of the portfolio<\/li>\n<li><strong>ABN Amro: <\/strong>0.2% of the portfolio<\/li>\n<li><strong>Rabobank: <\/strong>one time 0.1% transaction cost + (20\u20ac minimum fee <strong>or <\/strong>0.24% of the portfolio)<\/li>\n<\/ul>\n<p>Below is a bar chart representing the costs for a <strong>\u20ac50k portfolio<\/strong>:<\/p>\n<div id=\"attachment_2813\" style=\"width: 716px\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2813\" class=\"wp-image-2813 size-full\" src=\"http:\/\/localhost\/dpetkovski\/wp-content\/uploads\/2024\/05\/cost-comparison-0.png\" alt=\"dutch banks\" width=\"706\" height=\"437\" \/><p id=\"caption-attachment-2813\" class=\"wp-caption-text\">Fees for a \u20ac50k portfolio. Rabobank&#8217;s transaction costs are greyed out because they&#8217;re not ongoing charges.<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"2_Portfolio_of_E200k_%E2%80%93_Intermediate_Investors\"><\/span>2) Portfolio of \u20ac200k &#8211; Intermediate Investors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This represents the &#8220;intermediate investor&#8221;. Someone that probably cost averaged into a diversified portfolio over a few years and will continue to do so.<\/p>\n<p>Here are the annual costs for each of the banks:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"ING_Costs_for_Intermediate_Investors\"><\/span>ING Costs for Intermediate Investors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Basic fee <strong>(\u20ac20)<\/strong><\/li>\n<li>0.24% of the first \u20ac100k <strong>(\u20ac240)<\/strong><\/li>\n<li>0.12% of the second \u20ac100k <strong>(\u20ac120)<\/strong><\/li>\n<li><strong>Total: \u20ac380<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"ABN_Amro_Costs_for_Intermediate_Investors\"><\/span>ABN Amro Costs for Intermediate Investors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>0.2% of the first \u20ac100k <strong>(\u20ac200)<\/strong><\/li>\n<li>0.12% of the second \u20ac100k <strong>(\u20ac120)<\/strong><\/li>\n<li><strong>Total: 320\u20ac<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Rabobank_Costs_for_Intermediate_Investors\"><\/span>Rabobank Costs for Intermediate Investors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>0.24% of the first \u20ac100k <strong>(\u20ac240)<\/strong><\/li>\n<li>0.12% of the second \u20ac100k <strong>(\u20ac120)<\/strong><\/li>\n<li><strong>Subtotal<\/strong>: <strong>\u20ac<\/strong><strong>360<\/strong><\/li>\n<li>A non-recurring transaction cost of 0.1% of \u20ac200k <strong>(\u20ac200)<\/strong><\/li>\n<li><strong>Total: \u20ac560<\/strong><\/li>\n<\/ul>\n<p>Note that the 0.1% transaction costs are paid only once. So assuming the same portfolio in any follow up year, the cost would be 360\u20ac.<\/p>\n<div id=\"attachment_2814\" style=\"width: 716px\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2814\" class=\"wp-image-2814 size-full\" src=\"http:\/\/localhost\/dpetkovski\/wp-content\/uploads\/2024\/05\/cost-comparison-1-1.png\" alt=\"\" width=\"706\" height=\"437\" \/><p id=\"caption-attachment-2814\" class=\"wp-caption-text\">Fees for a \u20ac200k portfolio. Rabobank&#8217;s transaction costs are greyed out because they&#8217;re not ongoing charges<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"3_Portfolio_of_E1000000_%E2%80%93_Advanced_Investors\"><\/span>3) Portfolio of \u20ac1,000,000 &#8211; Advanced Investors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"ING_Costs_for_Advanced_Investors\"><\/span>ING Costs for Advanced Investors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Basic fee <strong>(20\u20ac)<\/strong><\/li>\n<li>0.24% of the first \u20ac100k<strong> (240\u20ac)<\/strong><\/li>\n<li>0.12% of the amount between \u20ac100k and \u20ac500k<strong> (480\u20ac)<\/strong><\/li>\n<li>0.06% of the amount above \u20ac500k<strong> (300\u20ac)<\/strong><\/li>\n<li><strong>Total: 1040\u20ac<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"ABN_Amro_Costs_for_Advanced_Investors\"><\/span>ABN Amro Costs for Advanced Investors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>0.2% of the first \u20ac100k <strong>(200\u20ac)<\/strong><\/li>\n<li>0.12% of the amount between \u20ac100k and \u20ac400k <strong>(360\u20ac)<\/strong><\/li>\n<li>0.06% of the amount above \u20ac400k <strong>(360\u20ac)<\/strong><\/li>\n<li><strong>Total: 920\u20ac<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Rabobank_Costs_for_Advanced_Investors\"><\/span>Rabobank Costs for Advanced Investors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>0.24% of the first \u20ac100k <strong> (240\u20ac)<\/strong><\/li>\n<li>0.12% of the amount above \u20ac100k <strong>(1080\u20ac)<\/strong><\/li>\n<li>A maximum cap of 400\u20ac applied<\/li>\n<li><strong>Subtotal: 400\u20ac<\/strong><\/li>\n<li>A non-recurring transaction cost of 0.1% of \u20ac1,000,000 <strong>(1000\u20ac)<\/strong><\/li>\n<li><strong>Total: 1400\u20ac<\/strong><\/li>\n<\/ul>\n<p>Note that the 0.1% transaction fees are paid only once. So assuming the same portfolio in any follow up year, the cost would be capped at 400\u20ac.<\/p>\n<div id=\"attachment_2815\" style=\"width: 716px\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2815\" class=\"wp-image-2815 size-full\" src=\"http:\/\/localhost\/dpetkovski\/wp-content\/uploads\/2024\/05\/cost-comparison-2.png\" alt=\"dutch banks\" width=\"706\" height=\"437\" \/><p id=\"caption-attachment-2815\" class=\"wp-caption-text\">Fees for a \u20ac1M portfolio. Rabobank&#8217;s transaction costs are greyed out because they&#8217;re not ongoing charges<\/p><\/div>\n<p>PS Rabobank becomes the cheapest option on yearly basis (i.e. ignoring the transaction costs) at ~\u20ac265k.<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"ING_vs_ABN_Amro_vs_Rabobank\"><\/span>ING vs ABN Amro vs Rabobank<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>So, what is the best option for an investor?<\/p>\n<p>It really depends on what you&#8217;re trying to optimize for. It also heavily depends on your long-term strategy.<\/p>\n<p>For example,\u00a0there is a sweet spot at ~\u20ac265k where Rabobank becomes preferable to ABN <strong>on ongoing basis<\/strong> due to their yearly limit of \u20ac400. But if you happen to sell within 2 years, it becomes the most expensive option by a large margin.<\/p>\n<p>And of course, some people consider <a href=\"https:\/\/dpetkovski.com\/replicating-vwce-optimize-for-cost-and-performance\">other factors than just expenses<\/a> &#8211; user experience, customer support, familiarity with a bank, etc. But if you&#8217;re interested in the <a href=\"https:\/\/dpetkovski.com\/investing-expenses-full-breakdown\/\">investment costs<\/a> only, I hope this post gave you a structured overview of them all.<\/p>\n<p>Keep in mind that I wrote this post in 2024. All of these numbers can change.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Afterword\"><\/span>Afterword<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>My recommendation? Use a broker instead of a bank.<\/p>\n<p>I&#8217;d prefer to avoid paying yearly fees on top of the existing <a href=\"https:\/\/dpetkovski.com\/total-expense-ratio-the-importance-of-keeping-it-low\">expense ratios<\/a> of the funds. Plus, <a href=\"https:\/\/dpetkovski.com\/etfs-exchange-traded-funds\/\">ETFs<\/a> give a lot more freedom in <a href=\"https:\/\/dpetkovski.com\/core-stock-portfolio-for-eu-investors-etf-selection-tips\/\">portfolio creation<\/a>.<\/p>\n<p>Personally, after trying multiple brokers and banks, I ended up with <strong>Interactive Brokers <\/strong>(<a href=\"https:\/\/ibkr.com\/referral\/dushan452\">ref link<\/a>, <a href=\"https:\/\/www.interactivebrokers.com\/\">non-ref link<\/a>). It&#8217;s a publicly traded company that&#8217;s available globally and they don&#8217;t have ongoing charges or account fees.<\/p>\n<p>And for the experienced investors: it&#8217;s true that the Northern Trust funds recover what would&#8217;ve been lost in <a href=\"https:\/\/dpetkovski.com\/dividend-leakage-understanding-the-hidden-cost\/\">dividend leakage<\/a>. Read the following post where I explain why the alternative is still\u00a0cheaper: <a href=\"https:\/\/dpetkovski.com\/northern-trust-funds-vs-etfs-full-comparison\"><strong>NT Funds vs ETFs<\/strong><\/a>.<\/p>\n<hr \/>\n<p><em>For more detailed analysis on investing from Europe, visit: <a href=\"https:\/\/dpetkovski.com\/eu-investors-handbook\/\"><strong>EU Investors Handbook<\/strong><\/a>.<\/em><\/p>\n<p><em>For a comprehensive, beginner-friendly, and <strong>free resource<\/strong> on stock market investing, visit: <\/em><strong><a href=\"https:\/\/dpetkovski.com\/how-to-start-investing-a-complete-beginner-series\/\"><em>How to Start Investing: A Complete Beginner Series<\/em><\/a><\/strong>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investing through the Dutch banks is quite popular with investors&nbsp;from the Netherlands. This is mostly due to the ability for automatic periodic investments and tax optimization through the Northern Trust Funds. In this post, I&rsquo;ll compare the costs of &ldquo;the Big 3&rdquo; Dutch banks: ING Bank, ABN Amro, and Rabobank. Assumptions: the Type of Investor&nbsp;&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,21,17],"tags":[],"ppma_author":[4],"class_list":["post-2809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","category-netherlands","category-stocks-etfs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investment Costs with Dutch Banks (Full Comparison) - D. Petkovski<\/title>\n<meta name=\"description\" content=\"The three major banks in the Netherlands (ING, ABN, Rabobank) offer investment accounts. This post will compare the costs of the Dutch banks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investment Costs with Dutch Banks (Full Comparison) - D. Petkovski","description":"The three major banks in the Netherlands (ING, ABN, Rabobank) offer investment accounts. This post will compare the costs of the Dutch banks.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#article","isPartOf":{"@id":"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/"},"author":{"name":"D. Petkovski","@id":"http:\/\/localhost\/dpetkovski\/#\/schema\/person\/ce4d9bf1ba43635723c9d1b513b58049"},"headline":"Investment Costs with Dutch Banks (Full Comparison)","datePublished":"2024-06-15T09:10:43+00:00","dateModified":"2024-07-03T18:44:23+00:00","mainEntityOfPage":{"@id":"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/"},"wordCount":1112,"publisher":{"@id":"http:\/\/localhost\/dpetkovski\/#\/schema\/person\/ce4d9bf1ba43635723c9d1b513b58049"},"articleSection":["Investing","Netherlands","Stocks &amp; ETFs"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/","url":"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/","name":"Investment Costs with Dutch Banks (Full Comparison) - D. Petkovski","isPartOf":{"@id":"http:\/\/localhost\/dpetkovski\/#website"},"datePublished":"2024-06-15T09:10:43+00:00","dateModified":"2024-07-03T18:44:23+00:00","description":"The three major banks in the Netherlands (ING, ABN, Rabobank) offer investment accounts. This post will compare the costs of the Dutch banks.","breadcrumb":{"@id":"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/localhost\/dpetkovski\/investment-costs-with-dutch-banks-full-comparison\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/localhost\/dpetkovski\/"},{"@type":"ListItem","position":2,"name":"Investment Costs with Dutch Banks (Full Comparison)"}]},{"@type":"WebSite","@id":"http:\/\/localhost\/dpetkovski\/#website","url":"http:\/\/localhost\/dpetkovski\/","name":"D. 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Petkovski \ud83d\udcd3 The Author\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Husband &amp; Father Software Engineer\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0StrengthCentric Bitcoin Hodler\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0DeFi Veteran \u00a0 \ud83c\udf0d Everything Enthusiast \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\ud83d\udd25 Optimist Revolutionizing ideas. Simplifying complexity. Sharing knowledge.","sameAs":["https:\/\/facebook.com\/dpetkovski","https:\/\/www.instagram.com\/strengthcentric\/","https:\/\/twitter.com\/petkovskix"],"url":"http:\/\/localhost\/dpetkovski\/author\/petkovski\/"}]}},"authors":[{"term_id":4,"user_id":1,"is_guest":0,"slug":"petkovski","display_name":"D. Petkovski","avatar_url":"http:\/\/2.gravatar.com\/avatar\/?s=96&d=mm&r=g","user_url":"","last_name":"","first_name":"","description":"<span style=\"font-size: 23px\">D. Petkovski<\/span> <br> <br>\r\n\r\n\ud83d\udcd3 The Author\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0  \u00a0 \u00a0 \u00a0 \u00a0<span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f46a.svg\" alt=\"\ud83d\udc6a\" \/> Husband &amp; Father <\/span>\r\n<br>\r\n<span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f5a5.svg\" alt=\"\ud83d\udda5\ufe0f\" \/> Software Engineer\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4aa.svg\" alt=\"\ud83d\udcaa\" \/><\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">\u00a0StrengthCentric <\/span>\r\n<br>\r\n<span class=\"r-18u37iz\"><img class=\"r-4qtqp9 r-dflpy8 r-zw8f10 r-10akycc r-h9hxbl r-9cviqr\" src=\"https:\/\/abs.twimg.com\/hashflags\/Bitcoin_evergreen\/Bitcoin_evergreen.png\" alt=\"\" width=\"20\" height=\"20\" \/> <\/span> Bitcoin <span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">Hodler\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0   \u00a0                            \u00a0 \u00a0 \u00a0<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"><img class=\"emoji\" role=\"img\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4c8.svg\" alt=\"\ud83d\udcc8\" \/><\/span>\u00a0<span class=\"r-18u37iz\">DeFi<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"> Veteran <\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">\u00a0<\/span>\r\n<br>\r\n\ud83c\udf0d Everything Enthusiast              \u00a0 \u00a0 \u00a0 \u00a0   \u00a0 \u00a0 \u00a0              \u00a0   \u00a0\ud83d\udd25 Optimist <br><br>\r\n\r\nRevolutionizing ideas. Simplifying complexity. Sharing knowledge. \r\n"}],"_links":{"self":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts\/2809"}],"collection":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/comments?post=2809"}],"version-history":[{"count":19,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts\/2809\/revisions"}],"predecessor-version":[{"id":3443,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/posts\/2809\/revisions\/3443"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/media\/2810"}],"wp:attachment":[{"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/media?parent=2809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/categories?post=2809"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/tags?post=2809"},{"taxonomy":"author","embeddable":true,"href":"http:\/\/localhost\/dpetkovski\/wp-json\/wp\/v2\/ppma_author?post=2809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}