SWIFT/BIC codes in Netherlands: banks starting with M

Netherlands: banks and their SWIFT/BIC codes

For Netherlands we have 1714 SWIFT/BIC codes, spread over 704 banks. You need a SWIFT/BIC code mostly for payments across borders and for payments in a foreign currency.

Look for the bank you need in the list and open its page for the full list of codes and what else a transfer requires. The sections below covers the structure of the codes, the cost of transfers and how to avoid mistakes before you send money.

The largest SWIFT network in Netherlands: Robeco Institutional Asset Management B.V.

Of the 704 banks we list for Netherlands, Robeco Institutional Asset Management B.V. is listed with the most SWIFT codes. Its head office code is RGVMNL2RXXX.

A large number of codes often means that the bank registers branches and departments separately. Making a payment to Robeco Institutional Asset Management B.V.? Go with RGVMNL2RXXX except when a specific branch code is requested.

Transfer times to Netherlands

There is no single delivery time for transfers to Netherlands: many arrive the same day or the next. Transfers sent after the cut-off time or on a weekend or public holiday often start the next business day.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment gets a unique transaction reference, the UETR that banks can use to see where the money is. Specialist transfer services usually provide tracking online so you can follow the payment.

Paying in EUR: what conversion costs you

The local currency of Netherlands is the Euro (EUR). If you send another currency, it gets converted somewhere along the way – by your bank, a bank in between or the recipient’s bank.

Who converts the payment makes a difference: every bank has its own margin. Compare what EUR the recipient gets via different providers before choosing one. Rates for EUR move during the day.

Sending money to Netherlands for less

When you send money to Netherlands via a regular bank, the fee you see is only part of the cost. You pay a transfer fee, possibly charges from intermediary banks and, most importantly, the margin on the exchange rate when currencies differ.

The markup on the rate is often the biggest cost item, even though it is not listed as a fee. Check the bank’s rate against the mid-market rate, the midpoint you see on financial news sites.

Specialised transfer providers often use rates closer to the mid-market rate with clearer fees. GoldexPay compares what recipients in Netherlands receive with different providers.

What a sender needs to pay you in Netherlands

Someone abroad who wants to pay you will ask for several details about your account, and missing ones are a common cause of delays. That means: your name as your bank knows it, your IBAN or account number, the SWIFT/BIC code of your bank and usually your address.

The code of your bank is in our list but always compare it with your own bank details. Some sending banks may also want the name and address of your bank.

Expect that the amount credited is below the amount on the sender’s receipt. Fees for incoming transfers differ from bank to bank – your bank’s price list tells you what applies. For business payments, state how the fees are split to avoid a shortfall.

Netherlands and the SEPA area

Because Netherlands is part of the SEPA zone, a euro payment to a bank in Netherlands usually requires just an IBAN. Most banking apps no longer ask for the BIC in that case.

A SWIFT code still matter for payments in other currencies and when the money comes from outside SEPA. SEPA transfers normally land by the next business day or faster with instant payments. As long as no conversion is involved, the transfer is usually cheap.

About our data and how to check a code

The most reliable source for the BIC is the recipient’s own bank details: an invoice, a statement or their online banking. A wrong code can cause delays, a returned payment or extra fees – compare it with the code in our list.

We collect SWIFT/BIC codes using public sources and check our list regularly. Banks merge, close branches and change codes – a directory can be a step behind. Use our data as a starting point: the bank details from the recipient come first. GoldexPay is not a bank.

Watch out for invoices containing a new account. Before paying, verify changed details through a separate channel.

Banks in Netherlands starting with :letter

Here you see a selection: only institutions in Netherlands whose name begins with :letter. The figures for Netherlands on this page cover all 704 banks, not just the ones under :letter.

Many institutions are listed under their legal name. The full overview for Netherlands remains one click away when the letter filter does not help.

How SWIFT codes from Netherlands are built

Every SWIFT/BIC code consists of 8 or 11 characters in a fixed order. Characters one to four stand for the bank, the fifth and sixth characters form the country code and characters seven and eight give the location.

No matter which bank, all Netherlands codes share the same country code in positions five and six: the ISO code of the country. If those two letters point to another country, you are looking at a bank somewhere else – worth double-checking.

If the last three are XXX, it means the main office. For most transfers the head office code is fine unless the recipient asks for a specific branch.