An American bank sounds like a Dutch bank from thirty years ago. I haven’t been in a bank for many years, since you can do everything online even opening a bank account. We don’t have a drive trough bank, but a couch bank, it doesn’t get more convenient.
@@hunchbackaudio ohh, LOL, that's what you meant. I thought you had commented an other discussion and I was very much confused. :-) But you are right, I would think every family owns a bank.
@@lievevlindertjes.7933 Niet per se beter maar meestal wél moderner en efficiënter in vergelijking met veel andere landen. Ook al zou ik vinden dat banken in Nederland beter zijn: so what? Relax! Dat is gewoon een mening. Ik ben blijkbaar niet de enige die die ervaring heeft (zie hieronder).
@@PH61a Nou ik vind de Nederlandse banken heel er slecht. Ik kan niet eens zomaar naar binnen lopen als ik wil. En geen contant geld krijgen als ik wil. Waardeloos. Plus als ik een hypotheek wil aanvragen krijg ik allemaal extra kosten. Dus ik weet niet precies wat jij zo geweldig vind aan de Nederlandse bank. Dat zeg je gewoon omdat je zelf Nederlander ben.
Probably the lack of notary functions in a bank has to do with separation of tasks. Banks offer mortgages, so it would be strange to have them provide the notary service as well.
Koppelverkoop (sorry don’t know the exact translation) is prohibited in The Netherlands. Maybe that’s the reason? Koppelverkoop can be translated as duo sale or chain sale. If you buy an item, there may not be a second different item for a price connected to what you buy. The second item can be free or they can give you a coupon or voucher with a discount, but the item cannot be sold to you in the same purchase.
@@RealConstructor It is actually only illegal if a number of criteria are met, the most important one being that the company must have a position of power, which is presumed with a market share over 50%. None of the Dutch banks have such a dominant position. It must also be a forced tied sale, not simply an optional paid service they offer.
That's a side effect, but the main reason is that notary functions in the Netherlands are far more formalised than in the USA. Here you need a long university level education which is indeed a subspecialisation from that for lawyers to be able to call yourself a notary, and then need to be a member of the notary brotherhood as well to be allowed to set up shop. It's a very select group, which is one reason they're so expensive.
We had these old fashioned banks some years ago, but we are moving to a cash free sociëty, and there is no need anymore for that type of banking. I, myself, have only €20 max in a small wallet with some coins, and I pay with my pinpas or my cell phone.
@@JoviesHome :)) lol, Funny how you cherry picked just the thing that was not intended to say. My fault I think with being too concise. Keywords in my contributions are: "old fashioned", "cash free", "no need", and "pinpas or my cell phone";))
The banks figured out after the backend services were automated we don't need all these people and all the physical security stuff, we can do most of it digital (website, app, etc.). What the banks have now are basically shops, a showroom without anything to show. The banks and the government had an effort together to try and make it a cash free society. Promotional campaigns, etc. The idea being for the government better tracking, less illegal stuff with cash money, etc. But the government stopped doing that after they realized the banks in the Netherlands made it so easy that people were moving to it to much & fast. It would be dangerous to go completely cashless. Because at the moment it can''t handle a real crisis where infrastructure gets destroyed. Maybe they would be interested in doing a digital currency, think Bitcoin, but government run. Which could be a more reliable digital cash solution which still has the benefits they want. But as the Netherlands is part of the Euro and it would take a lot of coordination I don't see that happening in any way. The commercial banks in the Netherlands and for example Germany are extremely interested in innovating in this area, actually funding some tech entrepreneurs, etc. but as it is now the digital cash payments is a hard sell. The government isn't interested in something they have no control over (most in the government also still have no understanding of it, but they have experts inside the government who do).
@@Roel_Scoot no, just following it out of interest. I'm a technology guy and the cryptocurrencies (digital currencies based on ledger technology like Bitcoin) is interesting from a technology perspective and the topic "cash, banking and the government" is interesting because of my personal interest in how people can protect their privacy.
I feel that the USA is still a cash driven place, simply because of the tipping that everyone does. In the netherlands I have not had any cash on me for probably close to 10 years now. Everything is done digital, even arranging all banking.
In de VS is het vaak eenvoudig gemaakt om fooi te geven, óók als je met creditcard betaalt. Vaak staan er al standaard fooipercentages op de machine aangegeven waar je uit kunt kiezen.
What do you do if bank system is down!? Maybe Dutch ppl dont need larger cash withdrawn but American ppl do. And drive through is convenient when ppl need large amount cash that ATM can only allow certain amount and has limit - Maybe Dutch ppl dont have that much money in their bank and with minimum wage in 20K ...and depend on government !
@@KimLi-oz3gf cant remember I have ever been in a situation that the system was down. Just been in Dubai and Germany, and also there, only paid with my debet card.
@@PatQuakernaat USA use debit everywhere however it is about having our own choice": to pay w cash or digital or debit. Beside we here want to have control and choices to live and how to manage our own finance, our own life. About the system being down, it has not happen doesnt mean never.
I had no idea American notaries are something completely different. Suddenly that joke on TBBT where Sheldon says he got a notary licence makes a lot more sense.
funny story, a coworker of mine was in the US last year, he had to go to a bank for some issues, and he was suprised that there were so many ppl standing in line , it was a friday, and most of those ppl have their paycheck with them to deposit it . for dutch ppl it is weird , to have "salaris" on a check and go to the bank to get it deposit, it has been here since 70's that it is deposit on your bank account on payday by the company that you work for.
That sounds a little like the story I often hear from my dad. When he was young and my grandfather worked all week and got paid at the end of every week (difference is that it was in cash not with a cheque).
@@moladiver6817 Me too! I thought it was just a piece of paper they got showing how much they made, how much tax was collected etc, like a statement. Even in Brazil people are usually paid electronically by bank transfers, especially considering the violence and high risk of being mugged on your way to the bank. Also, they pay you once a month, and not weekly like in America, unless you're talking about people who don't have a job contract like a person that comes once a week to clean your house, for example, who you usually pay per visit.
It is actually mandatory to pay salaries out on a bank account, because of taxes. If you get paid in cash, it's usually assumed that you're evading income tax.
Our local office closed down whilst it was always busy! they just use that as an excuse to cut costs. closest ING office is now 30 minutes away with no parking close by :) :)
The Netherlands is lightyears ahead in day to day consumer finance. I’ve been living completely cashless for over three years now. That would be unthinkable anywhere else.
Most of Europe has gone down the same road except Germany where cash is still king. One can now shop in a market and pay by card in many countries with the trader using a mobile card machine.
Very rarely use cash here in U.K. Sometimes for parking if the machine is an old one that doesn’t accept cards. Haven’t used a cheque book for about ten years.
@@juliebrooke6099 Not used a cheque in ages but bank has sent a new book automatically as they go on the numbers. Only used it to pay the Milkman, left out for him so not woken at the crack of dawn, now paid with a direct transfer, the bill being e-mailed as an attachment. Doing everything online is now becoming the normal. Now do not pay bank charges due to age, only the interest on the overdraft, only 11.75%, oh and the bloody stamp duty this Country levies on debit/credit cards and cheques still. €25 p.a. on cards and 50c on each cheque.
i have actually never made an appointment to go to the bank, but then again i also live in a village of barley 10.000 people. in case of not having your pin pass. in most banks the receptionist just takes their universal bank card. connects it to your bank account after you have identified yourself. and then he/she uses that universal card in the same ATM you would normally use.
@Cole Soucy Just join a club. Sports or anything. Almost everyone speaks English and the Dutch are quite approachable. (Especially in the rural areas. So north, east and south.)
Working at a Dutch bank 🙋🏼♂️Appointments: true. There’s little demand for branch visits, and appointments help avoid crowdedness at peak hours and branches being empty outside peak hours. Also, in part, this is deliberate policy by some banks to discourage people from coming to a branch for things they could very simply do online or by phone. Cash: there used to be cash in the bank, but at my bank we only used to do it for cash orders of €10.000 or more, and you would have to order it over the phone days in advance. This is no longer possible, in part due to very low demand and high costs to the bank for arranging these orders, and in part to combat money laundering, tax evasion, etc. Back when we did place those orders, you would be questioned about your intentions, and oftentimes it would be denied if you didn’t have a good reason. Getting cash at a branch without a card is only possible if you lost your card, and is discouraged. Notaries: definitely not a thing here, but to be honest, I’ve also never needed this is my life. Like you said, notaries are people who studied notarial law, and they’re only needed for serious contracts like writing a will, buying a house, giving someone power of attorney, etc. Vaults: same thing as money orders - high cost, high risk and very little demand. Drive-thru ATMs: also can’t imagine anyone would want this here. People don’t drive their cars as much, and also don’t use cash as much.
The last time I used cash money, I don't even remember. All debit card money now. The only reason to go to a bank office is to talk about opening an account or a mortgage request. The mortgage itself is done by the notary office. Maybe a credit or an account for trading in shares, something like that. I must have been to a bank 6 years ago.
I think we're moving towards being a cash free society and COVID is accelerating that. As an American I had to trudge to the bank, which I didn't want to do, to get cash out for a business that is cash only. It as a bit inconvenient with the nearest bank being about 1 mile away (live in car oriented suburb) I was wishing I lived in Sweden at that moment or similar forward thinking EU country...
You don't need a notary (notaris). The gemeente (in The Hague downtown) will do a "legalisatie". Make an appointment, bring your "indentiteitskaart" and sign at the office. Some documents still need an "apostille" That is something the administration of the courts will do for you.
Back in the days the dutch banks were like you describe the American ones. I remember going with my mom to the bank and we went into a walk- in safety deposit where in a locker my mom kept some jewelry. You'd never needed an appointment. And there were banks at almost every streetcorner. I'm getting nostalgic now perhaps but it was fun going to the bank. Even as a kid. The employees knew you personally and most probably you'd ran into a n aquaintance, neighbor or auntie.
When I was a defense lawyer at the International Criminal Tribunal for the former Yugoslavia, I regularly changed dollars into guilders or euros at the ABN ambro bank near me. And, I got a good rate. However, in recent trips to The Netherlands, I found the best rate I got was at an ATM drawing against my account in the states. Times change.
My experience is that besides the ATM machines is that there is one desk usually for cash withdrawal or deposit. This is usually a desk without any appointment but it depends on the branch facilities. The bigger branch offices have more services. Pre covid there were some services that don’t require an appointment I experienced.
Yes. Most banks will have the ability to receive or give cash but it happens very rarely. There will be a person able to provide teller services if you ask for it.
A difference I noticed is that when you are taking cash out from an atm in the US you often have to pay an extra fee when it's not your bank. I have never seen that in the Netherlands. There're more and more universal atms that don't belong to a specific bank now.
You could open a bankaccount by walking in, in the 1980s. It has only been introduced after 2008. Cheques existed up to the 1990s. The bulk of the difference you describe came around after the 2000s, when electronic banking began to take hold.
I must be Dutch at heart because here in the US I haven't used cash for a transaction in more than 15 years, I think. I only go to the bank when I need Euros for traveling. I'm not sure that the commenter that stated we carry cash for tipping is correct - you can tip with your credit card/debit cards at restaurants. I know that many folks who run small businesses carry a lot of cash - not entirely sure why - maybe tax avoidance?? Good video Jovie (and Daan). This is the content I love more than anything - the differences between the Netherlands and the US. :)
My husband and I were so shocked when we walked into a bank in Amsterdam, hoping to exchange some cash at a desk, and the employee said (very straightfoward and Dutch-like) "No, we don't do that."
I understand that this seems rude but helloo it's Amsterdam.. He gets that question probably 1000 times a day.. I bet if you go to a really touristic place in America and ask an employee a much asked question, you would get the same answer. Amsterdam is not 'the Netherlands', it's more like Las Vegas (but with actual old buildings and real waterways).
He probably does get that question a lot. But it was startling to us because we didn't know squat about how Dutch banks operate, and we weren't familiar with the famous Dutch directness.
@@notabrand6283 I work in a store. I would have said (at least) Oh sorry, we don't do that, and point you to (if I knew where) the correct place. But Amsterdam is not 'the Netherlands', 70% of Dutch people don't like the rudeness of Amsterdam. I visited once, had a beer, and when I had one sip left, the bartender asked: Can you drink it, and if you don't want anything else, can you go? Not the Dutch way, its amsterdam..
Hi Jovie, Slovakia is somewhere in the middle between the Netherlands and the US. We still have cash in banks, but are charged fees when requesting cash at the counter. We do have safety deposit boxes,but mostly just at the main offices of banks. We can walk into a bank without an appointment to get an account. Notarial services are provided by people with an education in law , but you don’t need to have the highest degree in law to be able to become a notary public. I know of people having a masters degree in law and function as notary while the highest possible University degree is Doctor of Law in Slovakia.
We did have the banks like in the US here too. But that was when I was very young, like 40 years ago. You could go to a bank. Wait your turn (not in line, you took a number) and go to the counter and tell the person why you were there. But then Internet happened and we moved on to the 21st. century. Why would you want to go to a bank if you can do it online? Even faster then going to a drive through bank.
@@JoviesHome That would seem logical to me. 😉 I could understand that you would like to go to a bank if you were a lot older. My parents generation has trouble getting used to the internet and doing things online but since you have a successful UA-cam channel it probably isn't a problem to do your business online.
Well I'm in my early 30's, half an IT-guy and still go to the bank, pull a number, and get served or serviced. (Don't know which word is worse) So probably I'm a dinosaur. But I know one thing. There is no need, and never has bin to make an appointment. Well not for me, and not with the ING bank, never bought a house, and mostly Covid prior experience. But still, you need to make an appointment to go to the bank is just not right.
So yes, having almost all payments / money done digitally has several benefits. Like convenience, more personal safety. Also a bigger hacking risk by foreign enemy states amongst others and extremely less privacy from banks, companies and the government comes free of charge! :-D
Making an appointment is something of the last years. However, The last "improvement" of relation was that they send me a letter that their service had improved by moving their office 2.6 km further away! So totally not in distance.
If you buy a house in Spain, the notary there doesn’t even check if the “seller” is actually the owner of the house, he or she just cashes. In NL the notary services go way beyond that and ensure you that everything is in order ... and yes you pay for their services, but it ensures you that you don’t get unexpected negative surprises in the future ... and some of the notary costs are tax deductible
At least in California and most of the West Coast the bank based notaries vanished about 30 years ago when most banks got out of the real estate escrow business. Notaries are now mostly found as free-standing businesses ( usually in immigrant neighborhoods ) or at a realtor's office. This service now runs about $25 and up.
Whenever I'm back in the Netherlands, looking at banks and their services it's like being confronted with an organisation who charges for everything although they don't give any personal service at all (well except from "De Regiobank" maybe). It's also quite simple. Here (Portugal) where I live, we can almost do any transaction on the atm machine (getting licences - for instance getting a fishing permit, the atm machine will print it out- , paying taxes and bills, charge your prepaid phone etc. If you don't know how it works there's always someone from the bank to help you out in person. Next to that there are "payshops", a great solution for older people who don't have a computer. You don't have to make appointments, personal service is still one of the most important functions of a bank. Not all purchases are registered because we use mainly cash for small amounts (a coffee is 60 cts, why use an app or card for that?). We use 1 and 2 cent coins, we are actually paying the exact price. And of course for the ones that like the comfort of internet banking that option is there with even a long list of "pre-installed" functions for most major companies and gouvernment communication and bills (taxes) etc. If you do use a card for your daily shopping and other purchases, at the end of every quarter you can visit your personal online "tax bax" and you will find a list of everything you bought (what you've bought, where and at what time). The good thing about that is that food, medicins, fuel etc are tax deductible if you give your tax number (eve if you pay cash). It also means that the bank, the seller, the guovernment and all organisations to whom they sell this information know exactly what brands you buy, how much you buy etc. A "cashless society" is just another word for controlled society.
big differences: We dont use checks, transfer money is easy, tikkie, everything online or via app. In US the banks dont want to be efficient because every unifficient transaction creates profit.
I think the main reason why banks have gone through the appointment style system was that many services are now offered online and by not always having bank people wait around for people to come in, it's a waste of the payroll money. So instead they lower costs and hopefully too bank costs for having an account.
In a Dutch back you can make an appointment to withdraw a large amount of cash (as in more than €1200, which is the maximum daily withdraw limit through ATM’s here). You have to have a reason why you need that much in cash because using your bank card and “pinning” the amount is possible anywhere where you have to pay large amounts. it is possible, but has to be set up in advance since banks here don’t have large amounts of cash in stock generally.
I can not recall going to a bank. I really wouldn't know what I should be doing there. Few years ago I bought a new house and needed a new mortgage. The most favorable mortgage was one from a bank. I had to open an account with that bank in order to get a mortgage there. The opening of a account was a complete online proces (And it's not as easy as it may sound. Everything is thoroughly checked). I have about €20,00 cash in my wallet (and a few 50 cent coins for shopping carts although I do allmost all of my grocery shopping online). Haven't touched it for years (except for the shopping cart coins) . Some people say that you always need some cash money in case the banking system doesn't work. In the last 4 years I can only recall one incident that the system didn"t work due to a ddos attack. I buy a lot online and pay by using iDeal (And I think that's rather popular in the Netherlands). I pay things in stores mostly with my smartphone and occasionally with my "pinpas" (not a creditcard, creditcards are not common to be used in shops/stores but are more used for online purchases). If I need to contact my bank I use my bank social media channels or I'dd call them. I think that is also very common to dutchies and I think that is why banks are closing so many offices. If you would ask me where I could find a bank office.. I sincerely could not answer that question. But I also realise that the whole digital banking makes us pretty vunarable to.
A great video again. However en few pointers. 1. At the more local banks in the Netherlands like RaboBank, SNS Bank en RegioBank it's possible to collect money or open a bank account. However a large amount you must order in advance. 2. With a statement of losing your card from the police or local government it's possible to collect money. 3. A notary in the Netherlands is someone who has a bachelor of law with a minor in notarial law. After that, you can apply for a job at a notary office. For 6 years you are a candidate notary. During that time you work and study. After the six years, you are a notary. In America, it is an online course for a few 100 dollars. So no they are not the same. So yes a notary in the Netherlands is the same as a lawyer in the USA specialised in making contracts and wills. 4. You can legalise or get verified document at your city or townhall.
another big difference that I know of is that credit cards don't get accepted at ATMs and stores in the Netherlands. most (if not all) money transfers instead go through debit cards and digital banking (and very rarely through cheques).
The American bank you describe is nostalgic to us. At least if you're old enough to remember. Nowadays I hardly use cash money anymore. I must admit that it was more exciting to go to a bank back in those days. Sweet memories.
Our daughter recently started horseriding. That is still payed in cash. A weird amount too, so I take cash from the ATM, go to the supermarket and buy one item, so that I can pay her lessons in that specific amount. I work in a shop where cash is still regularly used. Small notes and coins are a nightmare. Our local ATM only has €50 notes, as a shopowner you have to buy your change at the bank. So I see it as a sneaky way from the bank to make money.
Why is this type of notary needed in the US banks? It sounds like you used that often but I've only needed a notary service here in NL when I bought a house.
Uk: Notary for a passport. 5min, about £20. If it's for something more complicated like buying and selling houses etc... It's expensive. BUT.... For something like a passport, a doctor etc... Can be used to vouch for your identity.
One problem we found when we were preparing to move here: no BS number - no bank account. But you can't get your BS (burger service) number until you've moved here, have an address and have registered with the gemeente. This made it less simple to do business here before we'd actually moved, though I must say that everything has run smoothly since then. Two other differences you will notice: 1. Bank accounts here are not free like they are in UK. 2. You get coffee when you visit the bank! ☕️☕️☕️
The fact that bank offices don't keep cash is that cash us less used anymore: contact less paying is the norm overhere. It's safe, easy, cost efficient. Most payments outside shops go through online services. Another difference is the use of credit cards: you don't get one easily and using it is not necessarily for most people.
I am a Canadian living in Germany and my wife's parents are from The Netherlands, so we visit often. The banking system in The Netherlands is years ahead of the traditional German banking system. Cash is still king here to the point that many restaurants won't accept debit or credit cards. I had to convince my landlord to accept rent transfers from my account to his because he wanted it in cash. It was a very long conversation. He doesn't trust "invisible" money as he calls it. In Canada, I never used cash or carried it. Toronto restaurants and coffee shops often don't accept it because of security concerns. The Germans are slowly digitizing their antiquated banking system, but I wish it was more in line with the Dutch system.
Well Jovi, we don't use much cash here, almost everything is done with a pinpas. If you want to tip in a café or restaurant you can add on and pin the total. Before corona you could go into a bank without appointment, but not anymore. Everything is done online nowadays.
About 70% of the ATMs have been closed and dismantled because people don't use much cash anymore. I haven't been to an ATM for at least half a year. There are even shops where you can't pay with cash anymore.
In ons land zijn al sinds de zestiende eeuw notarissen actief, die men tot 1811 ook voor getuigenverklaringen van allerlei aard nodig had. Als bijvoorbeeld je buurman je toen mishandeld had, ging je naar de notaris om dat in een akte vast te laten leggen, waarmee je dan een rechtzaak kon beginnen. Later nam de politie die taak over. Daarom kun je bij onze notarissen tegenwoordig nog slechts terecht voor het kopen van woningen e.d. en het regelen van erfenissen, testamenten etc.
That is also a safety feature to drive up to the banks ATM (Automated Teller Machine). The camera is there for protection. You are already in your car. You do not have to walk past people loitering outside the bank after you get your paycheck cashed. But all of that stems from the level of crime here. As Americans we have a constant eye on "How can I make this safer?" "How can I avoid being robbed?" "How can I do this quickly so as not to be a slow moving target?" It's not laziness at all to be prepared to do your business safely and efficiently. Until I started watching Jovie's videos about how different The Netherlands are I would have never considered that a Drive through ATM would be considered lazy. It's safe. This reminds of the movie where the rich had more Time in digital readouts on their wrists and they walked every where, while the poorer community had to constantly run to "stay ahead of the clock" or they would literally die.
Hehehe, I remember going up to an ATM in Morehead KY. The bank was on (old) Main St. but closed so I used the drive-trough ATM, on foot as I was walking through town taking in the sights. You should have seen the faces of the people behind me, waiting in their car and feeling sorry for me because my car must have broken down (!). I found most services we use on foot in Holland were drive-trough over there.
1) to point 1: yes, that's true but you can also open your bank account online and a courier will come with documents to your apartment. However, that indeed means waiting a couple of days. You also need a BSN - I am not sure if one needs the SS number in the US. It seems to me, it is needed. 2) there is no such thing as a FICO score. 3) Checks don't exist here 4) I consider US banks being medival. It is unthinkable here to pay for a wire transfer, whereas in the US it can cost up to even $40. Online banking here is so much better plus all services like Ideal and Tikke. Those don't exist in the US (or are niche services).
Some Dutch directness, when criticizing the Dutch just bite the bullet don’t apologize on forehand. You can get money from a bank employee on appointment for example for the older citizens but it isn’t standard procedure, they will ask you if you’re spouse can’t help you with the ATM. Because our money is mostly digital, bank offices don’t have any cash besides the ATM’s so they need to reserve this. The ATM’s aren’t filled by cashiers or bank employees but by armed trucks from other locations. We had tellers thirty years ago and now they’re going to close even more bank offices. Safety deposit storage is declined, there are companies who are dare to fill this void. Banks don’t longer give this service because the decline I think it’s also because you need to prove the sort of the belongings. The new safety deposits are automated.
Nice video! Dutch banking is pretty Dutch i.e. "honest", minimal, you get what you pay for. The fees are low for a current account (in Britain, free banking is something considered a human right almost, thought that will soon disappear and banks like Metro Bank are shaking the business model up) and in most countries the fees are higher, but the services are pretty basic. I have not seen a teller at a Dutch bank for years, I think they got rid of almost all of them. Most annoying thing is Dutch banks charge to make over a fixed number of deposits (I think >6 per yr), that's right you are charged for giving the bank money! Security features of Dutch banking are excellent with the card reader. You can find banks here with safe deposit boxes but obviously not every branch offers this. I've never seen a check in this country, they are redundant really. Drive through ATM I have seen that before in the US but in a place where there is not even a sidewalk and you have to drive to do anything, so understandable.
I remember my father used to use cheque's back in the 90's. But I haven't seen those around for years and years, the PIN system probably put an end to that.
@Jovi: most of these differences (no cash, have to make appointment, etc) are of later years. Until, oh, 2007 or so, bank offices (brances) did have open walk-in, a row of tellers, cash in the safe, etc. Then ATMs kicked in, they did away with most of the tellers (and just referred clients to the ATMs), and eventually, no cash was present anymore (not needed..) and they did away with walk-ins altogether. As you have learned by now, Dutch people do not use checks (they did until ~2000 or so, but these were guaranteed by the banks ("Euro cheques") and not personal, like the checks in the US. People just give eachother their bank account numbers, and they pay with that (iDEAL etc.)
You might be able to get simple notary services at your town hall. If I needed something like a certified copy in Belgium, that's what I had to do. And yes, notaries aren't just something like a lawyer, they are lawyers. Depending on the country, they can be something in between a public servant and a lawyer, as they will also bill you the taxes you need to pay on your house sale, for instance. If you are a new customer, or lost your bank card, generally you get a provisional card that you can use to get cash or pay at machines. It's an anonymous card with a validity of only a couple of weeks, and generally you have to give it back when you get your new personal bank card. Most branches won't have cash, only a few branches with teller windows might have money, and generally, you have to order in advance. And the fee for a cash withdrawal at a teller window will be higher than at an ATM, unless you have a (more expensive) business account. Something you didn't mention (in this video), is that credit cards are much rarer in the Netherlands than they are in the US. Almost all cards are debit cards (often NFC, nowadays), but you can use them virtually everywhere. Perhaps there are a few farmer stands where you have to pay cash, but almost anywhere else, you will be able to pay by debit card, and often only debit card. I like cash, I prefer it, but if you want to, you don't need any cash today in the Netherlands, as long as you have a debit card (or a debit cash app on your NFC equipped phone).
The same here in France, online banking is the new genre, some of the banks are closed. Only the elders visit the banks but they need to make a call or make an appointment beforehand.
In some instances for some official documents, you can make an appointment at the city hall to have your signature `legalized`, you sign and the official has checked your i.d. and give you the stamps needed. It is a lot cheaper than going to a notary. I envy some American friends for their credit cards with so many perks like saving for airmiles, discounts on travel, car hire etc. Unfortunately I can´t qualify being a Dutch citizen. Like watching your show.
Most examples you mentioned show how the Netherlands is moving to a society without cash. This proces is not going at the same speed in every European country. In the NL you can pay with your debit card everywhere, but in Germany for example, lots of smaller businesses only accept cash. Another issue we've been facing in the Netherlands, which is not directly related (maybe a partly) to getting cashless, is safety. In the Netherlands the amount of so called "plofkraken" has increased massively. A plofkraak is when robbers use a fast car or explosives to blow up ATM's. For that reason a drive through ATM is something which we will never see here.
Having an appointment in the bank is something from recent years. Because all is going online, so there are less people in the bank. There are 90% less banks where you can go then a view years ago. Also having cash in the bank is something old here, we don't go anymore to get money with a check. When you need for example 20 bills of 5 euro you can order that. But you can not hop in indeed.
just FYI: Last month the local chapter of our association here in NLD needed a new set of by-laws notarized. We got lucky with a 50% fee reduction so we only had to pay around €450,--
There are no notary services in the Netherlands, because we almost never need to. The only time you need a “notaris “ is for legal services like buying a house or making up a will (testament) . Then he is not just a witness, but makes up the documents
Things are more digitised. No need to cash a cheque when its automatically added to your bankaccount. The banks are more for financial services here. No need for large amount of cash inside the banks.
Hi Jovie, as a Dutch citizen it is easily 20 years ago I visited a bank. Everything is done over the internet or by phone. Banks became obsolete, hence many have disappeared. I never pay cash.
The Spanish notary service you describe can have a very simple explanation: when the laws governing notaries were written (probably during Franco, possibly before him) not all that many Spaniards could read/write. By having an educated person reading the contract you had a reasonable expectation that the signatory understood what the paper was about, even if the signatory was illiterate. And regarding pay checks: I am now over 50 years old, and have worked in Europe all my life. I have _never_ been given a check to cash in the bank for my pay. Without exception my pay has been deposited into my bank account on the 25th of every month (or the closest preceding bank day, if the 25th is a bank holiday). And I don't even have to tell my employer what bank account I want my pay deposited into: my employer will just give the bank of list of social security numbers and corresponding wages. The bank sorts out the details. And the list is electronic: all pay systems are entirely computerised, so the employers IT-systems send the list to the bank electronically, no paper is involved in the process.
The bank has also a ATM card, if you need money they use that card to get money from ATM. You only need to order large amounts over 10K or foreign money.
I don't know if it has changed in the last few years, but in the Netherlands there were no ATM fees. In the US, when I use a bank where I don't have an account, I get charged (about $3) to use it.
For the notary function when signing an official document you can go to your local municipality in the Netherlands. They offer a service to "legalise signatures" and are much cheaper than a notary.
A civil-law nitary has a very different function in continental Europe then in common law countries like the US. The notary in Europe oversees the legality of certain transactions and is repsonsible for the legal execution of deeds (e.g. transfer of property or shares, mortgage, liens etc.). A third party can rely on these deeds (they cannot be contested, unless in very sepcific cases). Banks have been reduced to credit and payment institutions in a virtually cashless world. They offer everything online. Safety deposit boxes have been outsourced as being very time consuming for personnel. Dutch banks however are very cheap in annual costs compared to foreign banks. You can get a full package with debitcard etc. for approx. € 35 per annum. So not having these huge buildings and cash laying around makes them very cost efficient.
Opening accounts is done via appointment due to identity verification and such logistics. It's not necessary, but it's how its done here. All over the world rules for identity verification are becoming heavier. As you must be aware it also goes for US residents abroad.
I do recognize the description you give of the banks in the USA. When I started using the bank, around 40 years ago when I was 17 I had to walk op to a banker, show my bank book to retrieve some money. This was a Time before the ATM machines. In the basement, there were security boxes for rent and we still got interest paid on out savings. Also a checkbook was not uncommon, although it never was used as much as it is in the USA. Very soon after we got the bankcard, electronic banking etc. It moved fast and I don’t think all the changes are for the better, but a lot of them are. The one thing I still do not like is that banks make lots of money, pay out to their shareholders, but don’t pay the money lenders (us) an interest.
The last time I visited my bank was 5 years ago. And it is already mentioned: cash is going away in the Netherlands. I have always 20 euro cash with me and that is it. Never use cash money anymore.
I have genuinly only seen the inside of one bank in my 15 years of life, and that was when I was setting up my first youthaccount and my mom wasn't very confident with online banking.
We had drive through banks at the borders, when every European country had their own currency. Driving to Antwerp, at the border check point Hazeldonk, there was a Grenswisselkantoor bank office where you can drive through and change your Guilders into Belgian Franks.
My bank in Epe had a drive thru, but you know that a car in The Netherlands is only used when a bicycle is not an option. So drive thru counters would be a waste of money.
You can get some emergency cash from your bank when your pass is stolen/damaged but there is a maximum. Back in the day you could order foreign money from the bank but these days they send you to GWK. And I also do remember my parents went to the bank once to get money they couldn't get from the ATM to pay for a new kitchen I believe it was. Back then not every company had a pin machine with them and ideal wasn't a thing yet back then.
ING gives you this temporary card (until your normal card is delivered via post to your home) and its possible to use this temporary card to withdraw money, or pay by pin.
Dutch bank work almost completely digital. Opening bankaccounts for example can be done via their website or even by using an app. If you want to talk with a specialist, then you can make an appointment at the bank . But again, 99% of bank services can be done digital. And a drive through bank? Every Supermarktet has an ATM machine. So why needing a Drive through to get some money?😉
Interesting subject, Jovie. :-) 1) Word of the day: actually, "contant geld" is what every Dutch person says if meaning "chartaal geld". For "chartaal" is the opposite to "in a bank account". Funny, as the word "chartaal" reminds me of "cards", therefore of money "somewhere, but not on you", like on a credit card. "Contant" is the opposite of "op rekening": like "immediately" as opposed to granting a period (like a week or a month) to pay. I only learned so when embarking on an accounting course. :-) 2) Notaris: yes, the "notaris" is a lawyer. When I studied law, long ago, "notarieel recht" was considered the most demanding disciplin in Dutch law, combining thorough knowledge of both civil law and fiscal law. Being a notaris brings great responsability, a bit judge-like, even liability. No wonder that he/she can and probably must charge quite some money. To my knowledge, this profession exists in countries that implemented the Roman style of law, known in English as "civil law" when contrasted with the "common law" that the UK (except Scotland) and many of her former colonies use (except the US-state of Louisiana). Note to my fellow readers: that difference is like lining out to either margin, and reality is a blurred mix. Added: The "Belastingdienst" (Tax Agency) used to have a "Dienst der Registratie" for the purpose of registering documents by "notarissen". This department of the agency would officially date-stamp documents, any documents. It was a way of copyrighting songs when not being a member of BUMA (like in the USA ASCAP and BMI). I don't know the current situation.
@@chrislaarman7532 I did, it was just very rarely. Cash and contant are both the most common words, cash doesn't have to be translated into contant, since cash is also used
'Chartaal geld' is the opposit of 'giraal geld'. Chartaal is the real money (coins and bills) edited by a national bank (nowadays the European Central Bank in the EG). 'Giraal money' is no real money, but created by the commercial banks. Formerly the chartaal money was covered by gold. 'Giraal money' is covered by air. It only exists of paper and trust.
This is so funny, when I lived in Chile I had to get my contract “notarized ” and I was panicking, thinking it was going to be really expensive and I had to make an appointment, but my boyfriend told me, just go into any notary office and get it done. I got into an office that was really busy got a number and payed only a few dollars to pick up a stamped contract 15 minutes later. In the Netherlands the employer or school etc. needs to keep track of the authentication so people don’t have to go and get stamps.
When (situational) would you need someone to co-sign and watch you sign a document ? I am looking for the reason for your quest. I am in my 50's now and all i've never used or needed a service like that. We only need a notaris if legal documents and sales-agreements (with tax implications) need to be registered in a national database system where they are stored (long time) and can be retrieved (by a notaris or the government) in case of legal desputes or in re-sell situations (real estate buy & sell). Our money-system is no longer build around cash. I need a bank only as a digital register for what I earn and what I spent (digitally)
What is "getting your signature notarised" in the USA? On what occasion would you need that? In NL the notary provides legal services like a last will or the transfer of ownership for a building/company. The notary must make sure all parties understand the significance of the document, signs the papers and stores a copy until the end of times. The notary also executes (or supervises the execution of) the will when the customer dies. By law they are required to actively keep track of the demise of their customers and they must track down each and every heir.
We used to be able to walk into a bank, but the last years it has changed, especially after everybody uses their ATM card now. So this was absolutely the case maybe 15 years ago. You could also get cash by going up to a bank employee and ask for a certain amount,; same as you. Or use a cheque to either get money or order them so you could pay with them. All gone.
Wow, I haven't been to a bank in decades (literally). Everything can be done on-line, even from your phone, from wherever you are. I don't even use bank cards anymore. I pay everywhere with my watch, and anything else is done with my phone.
The Netherlands is one of the most advanced banking countries in the world. Most people have no or nearly no cash. There are no checks. The system is very efficient and therefore economic. It also means less staff, therefore for more complicated matters you need an appointment. Btw opening an account is very easy, you can do that online provided that you have a BSN (social security number).
A dutch notary (notaris) has a degree in law. Going through any kind of contract, giving advice, service and explain law for layman. Enabling customers to fully comprehend the full extend of whatever that person might be involved in.
I have only been to a bank for 3 reasons. 1) to get foreign currency. 2) to deposit about 100 euro in coins (cannot advice doing that, its way too heavy) and 3) no.. Guess that all
Last time I got my signature notarized , it was free. The ING bank in the Potterstraat in Utrecht looks more like a coffee bar than a bank office. I was at the opposite side of the roead looking for a bank office but didn't recognize it.
Hi Jovie, In the not so far distance past banks were all over the place in every city and village and you didn’t have to make an appointment for visiting the bank for any desired action/service. However, due to the internet, banks are closing down local branches and even if there is a branch of your bank in your neighborhood, you now have to make an appointment. So banks used to operate more or less like in the USA in the past, but not so anymore. I expect this will also be the case in the USA in the near future, so they can cut down costs like they did overhere. The cash situation also used to be the same overhere, but nobody is asking for cash at the bank anymore. Quite frankly, I think the USA is a little behind here. Europe and in particular The Netherlands were quite quick to adept to the internet of things in regard to banking and other things. I almost never use cash anymore and so isn’t the rest of the Dutch people. Card? Who needs a card?? I almost pay everything with my ING Apple Pay virtual card and a fingerprint. Works so easy! Safety boxes used to be housed in your local bank in The Netherlands not so long ago, but they quit providing this service a couple of years ago. Again our situation in regard of bank services used to be quite simular as is still the case in the USA, but times are changing and maybe not always for the best... Drive trough banking?? What the heck? Pardon my French, but if you don’t need cash anymore, why then bother with drive trough ATM machines? Just use your card or Apple Pay/Android Pay.
An American bank sounds like a Dutch bank from thirty years ago. I haven’t been in a bank for many years, since you can do everything online even opening a bank account. We don’t have a drive trough bank, but a couch bank, it doesn’t get more convenient.
Gives a whole new meaning to: "ik ga naar de bank" :-)
@@autohmae And as a Dutch you can consider yourself owner of your own bank.
@@hunchbackaudio What do you mean ? I think you might be confused. Please explain.
@@autohmae In Dutch "bank" is not only a financial institution, but also means "couch" same word.
@@hunchbackaudio ohh, LOL, that's what you meant. I thought you had commented an other discussion and I was very much confused. :-) But you are right, I would think every family owns a bank.
Usually going to a bank outside of the Netherlands to me feels like going back in time (most of the time).
That sounds pritty arrogant actually.
@@lievevlindertjes.7933 Not meant to be arrogant, it’s Just my personal experience...
@@PH61a Je zegt het op een toon alsof je vind dat de banken in Nederland beter zijn.
@@lievevlindertjes.7933 Niet per se beter maar meestal wél moderner en efficiënter in vergelijking met veel andere landen. Ook al zou ik vinden dat banken in Nederland beter zijn: so what? Relax! Dat is gewoon een mening. Ik ben blijkbaar niet de enige die die ervaring heeft (zie hieronder).
@@PH61a Nou ik vind de Nederlandse banken heel er slecht.
Ik kan niet eens zomaar naar binnen lopen als ik wil.
En geen contant geld krijgen als ik wil. Waardeloos.
Plus als ik een hypotheek wil aanvragen krijg ik allemaal extra kosten.
Dus ik weet niet precies wat jij zo geweldig vind aan de Nederlandse bank. Dat zeg je gewoon omdat je zelf Nederlander ben.
Probably the lack of notary functions in a bank has to do with separation of tasks. Banks offer mortgages, so it would be strange to have them provide the notary service as well.
Koppelverkoop (sorry don’t know the exact translation) is prohibited in The Netherlands. Maybe that’s the reason? Koppelverkoop can be translated as duo sale or chain sale. If you buy an item, there may not be a second different item for a price connected to what you buy. The second item can be free or they can give you a coupon or voucher with a discount, but the item cannot be sold to you in the same purchase.
@@RealConstructor Interesting! And awesome.
To get an official witness co-signing a document of yours in the Netherlands, you can - or could - go to a Belastingkantoor.
@@RealConstructor It is actually only illegal if a number of criteria are met, the most important one being that the company must have a position of power, which is presumed with a market share over 50%. None of the Dutch banks have such a dominant position. It must also be a forced tied sale, not simply an optional paid service they offer.
That's a side effect, but the main reason is that notary functions in the Netherlands are far more formalised than in the USA.
Here you need a long university level education which is indeed a subspecialisation from that for lawyers to be able to call yourself a notary, and then need to be a member of the notary brotherhood as well to be allowed to set up shop.
It's a very select group, which is one reason they're so expensive.
We had these old fashioned banks some years ago, but we are moving to a cash free sociëty, and there is no need anymore for that type of banking. I, myself, have only €20 max in a small wallet with some coins, and I pay with my pinpas or my cell phone.
That's a good idea. It's good to have some cash, just in case.
@@JoviesHome :)) lol, Funny how you cherry picked just the thing that was not intended to say. My fault I think with being too concise. Keywords in my contributions are: "old fashioned", "cash free", "no need", and "pinpas or my cell phone";))
The banks figured out after the backend services were automated we don't need all these people and all the physical security stuff, we can do most of it digital (website, app, etc.). What the banks have now are basically shops, a showroom without anything to show. The banks and the government had an effort together to try and make it a cash free society. Promotional campaigns, etc. The idea being for the government better tracking, less illegal stuff with cash money, etc. But the government stopped doing that after they realized the banks in the Netherlands made it so easy that people were moving to it to much & fast. It would be dangerous to go completely cashless. Because at the moment it can''t handle a real crisis where infrastructure gets destroyed. Maybe they would be interested in doing a digital currency, think Bitcoin, but government run. Which could be a more reliable digital cash solution which still has the benefits they want. But as the Netherlands is part of the Euro and it would take a lot of coordination I don't see that happening in any way. The commercial banks in the Netherlands and for example Germany are extremely interested in innovating in this area, actually funding some tech entrepreneurs, etc. but as it is now the digital cash payments is a hard sell. The government isn't interested in something they have no control over (most in the government also still have no understanding of it, but they have experts inside the government who do).
@@autohmae Very interesting, you are in banking professionally?
@@Roel_Scoot no, just following it out of interest. I'm a technology guy and the cryptocurrencies (digital currencies based on ledger technology like Bitcoin) is interesting from a technology perspective and the topic "cash, banking and the government" is interesting because of my personal interest in how people can protect their privacy.
I feel that the USA is still a cash driven place, simply because of the tipping that everyone does.
In the netherlands I have not had any cash on me for probably close to 10 years now.
Everything is done digital, even arranging all banking.
In de VS is het vaak eenvoudig gemaakt om fooi te geven, óók als je met creditcard betaalt. Vaak staan er al standaard fooipercentages op de machine aangegeven waar je uit kunt kiezen.
only sheep are like that. i always use cash.
What do you do if bank system is down!? Maybe Dutch ppl dont need larger cash withdrawn but American ppl do. And drive through is convenient when ppl need large amount cash that ATM can only allow certain amount and has limit - Maybe Dutch ppl dont have that much money in their bank and with minimum wage in 20K ...and depend on government !
@@KimLi-oz3gf cant remember I have ever been in a situation that the system was down. Just been in Dubai and Germany, and also there, only paid with my debet card.
@@PatQuakernaat USA use debit everywhere however it is about having our own choice": to pay w cash or digital or debit. Beside we here want to have control and choices to live and how to manage our own finance, our own life. About the system being down, it has not happen doesnt mean never.
I had no idea American notaries are something completely different. Suddenly that joke on TBBT where Sheldon says he got a notary licence makes a lot more sense.
funny story, a coworker of mine was in the US last year, he had to go to a bank for some issues, and he was suprised that there were so many ppl standing in line , it was a friday, and most of those ppl have their paycheck with them to deposit it . for dutch ppl it is weird , to have "salaris" on a check and go to the bank to get it deposit, it has been here since 70's that it is deposit on your bank account on payday by the company that you work for.
Wait so a pay check really still is an actual check? I'm baffled..
That sounds a little like the story I often hear from my dad. When he was young and my grandfather worked all week and got paid at the end of every week (difference is that it was in cash not with a cheque).
@@moladiver6817 Me too! I thought it was just a piece of paper they got showing how much they made, how much tax was collected etc, like a statement. Even in Brazil people are usually paid electronically by bank transfers, especially considering the violence and high risk of being mugged on your way to the bank. Also, they pay you once a month, and not weekly like in America, unless you're talking about people who don't have a job contract like a person that comes once a week to clean your house, for example, who you usually pay per visit.
Waiting in line to get your salary? The U.S. is really in the dinosaur age about that.
It is actually mandatory to pay salaries out on a bank account, because of taxes. If you get paid in cash, it's usually assumed that you're evading income tax.
In the netherlands everyone does their banking online, so bank branches are closing down and downsizing and mostly stay open for the elderly
Our local office closed down whilst it was always busy! they just use that as an excuse to cut costs. closest ING office is now 30 minutes away with no parking close by :) :)
The Netherlands is lightyears ahead in day to day consumer finance. I’ve been living completely cashless for over three years now. That would be unthinkable anywhere else.
Agree!!!
Most of Europe has gone down the same road except Germany where cash is still king. One can now shop in a market and pay by card in many countries with the trader using a mobile card machine.
Very rarely use cash here in U.K. Sometimes for parking if the machine is an old one that doesn’t accept cards. Haven’t used a cheque book for about ten years.
@@juliebrooke6099 Not used a cheque in ages but bank has sent a new book automatically as they go on the numbers. Only used it to pay the Milkman, left out for him so not woken at the crack of dawn, now paid with a direct transfer, the bill being e-mailed as an attachment. Doing everything online is now becoming the normal. Now do not pay bank charges due to age, only the interest on the overdraft, only 11.75%, oh and the bloody stamp duty this Country levies on debit/credit cards and cheques still. €25 p.a. on cards and 50c on each cheque.
its thinkable in poland :) i dont use cash either, or card tbh, i just use blik from my bank app on my phone
i have actually never made an appointment to go to the bank, but then again i also live in a village of barley 10.000 people.
in case of not having your pin pass. in most banks the receptionist just takes their universal bank card. connects it to your bank account after you have identified yourself. and then he/she uses that universal card in the same ATM you would normally use.
@Cole Soucy I work at a Dutch bank, here to tell you anything you wanna know 🙋🏼♂️
@Cole Soucy Just join a club. Sports or anything. Almost everyone speaks English and the Dutch are quite approachable. (Especially in the rural areas. So north, east and south.)
@Cole Soucy See previous writing in the thread.
Working at a Dutch bank 🙋🏼♂️Appointments: true. There’s little demand for branch visits, and appointments help avoid crowdedness at peak hours and branches being empty outside peak hours. Also, in part, this is deliberate policy by some banks to discourage people from coming to a branch for things they could very simply do online or by phone. Cash: there used to be cash in the bank, but at my bank we only used to do it for cash orders of €10.000 or more, and you would have to order it over the phone days in advance. This is no longer possible, in part due to very low demand and high costs to the bank for arranging these orders, and in part to combat money laundering, tax evasion, etc. Back when we did place those orders, you would be questioned about your intentions, and oftentimes it would be denied if you didn’t have a good reason. Getting cash at a branch without a card is only possible if you lost your card, and is discouraged. Notaries: definitely not a thing here, but to be honest, I’ve also never needed this is my life. Like you said, notaries are people who studied notarial law, and they’re only needed for serious contracts like writing a will, buying a house, giving someone power of attorney, etc. Vaults: same thing as money orders - high cost, high risk and very little demand. Drive-thru ATMs: also can’t imagine anyone would want this here. People don’t drive their cars as much, and also don’t use cash as much.
Every ATM is a drive-thru ATM if you're on a bike.
The last time I used cash money, I don't even remember. All debit card money now. The only reason to go to a bank office is to talk about opening an account or a mortgage request. The mortgage itself is done by the notary office. Maybe a credit or an account for trading in shares, something like that. I must have been to a bank 6 years ago.
You're a thief of your own wallet (Ha! Literally translation of a Dutch saying!) if you go to the bank for a mortgage!
@@berthamoen4488 Yeah, I know, the mafia would also be an option....
I think we're moving towards being a cash free society and COVID is accelerating that. As an American I had to trudge to the bank, which I didn't want to do, to get cash out for a business that is cash only. It as a bit inconvenient with the nearest bank being about 1 mile away (live in car oriented suburb) I was wishing I lived in Sweden at that moment or similar forward thinking EU country...
You could if you want to, but even all of that can be done 100% online, either yourself or through video banking
You don't need a notary (notaris). The gemeente (in The Hague downtown) will do a "legalisatie". Make an appointment, bring your "indentiteitskaart" and sign at the office.
Some documents still need an "apostille" That is something the administration of the courts will do for you.
OMG! Thanks for sharing that information! It will surely be very useful to many people 😇
Back in the days the dutch banks were like you describe the American ones. I remember going with my mom to the bank and we went into a walk- in safety deposit where in a locker my mom kept some jewelry. You'd never needed an appointment. And there were banks at almost every streetcorner. I'm getting nostalgic now perhaps but it was fun going to the bank. Even as a kid. The employees knew you personally and most probably you'd ran into a n aquaintance, neighbor or auntie.
I remember urging my mother to go to the bank (in the 60thies) because they had a magazine for children (I believe is was called PING)
When I was a defense lawyer at the International Criminal Tribunal for the former Yugoslavia, I regularly changed dollars into guilders or euros at the ABN ambro bank near me. And, I got a good rate. However, in recent trips to The Netherlands, I found the best rate I got was at an ATM drawing against my account in the states. Times change.
My experience is that besides the ATM machines is that there is one desk usually for cash withdrawal or deposit. This is usually a desk without any appointment but it depends on the branch facilities. The bigger branch offices have more services. Pre covid there were some services that don’t require an appointment I experienced.
Yes. Most banks will have the ability to receive or give cash but it happens very rarely.
There will be a person able to provide teller services if you ask for it.
A difference I noticed is that when you are taking cash out from an atm in the US you often have to pay an extra fee when it's not your bank. I have never seen that in the Netherlands. There're more and more universal atms that don't belong to a specific bank now.
You could open a bankaccount by walking in, in the 1980s. It has only been introduced after 2008.
Cheques existed up to the 1990s. The bulk of the difference you describe came around after the 2000s, when electronic banking began to take hold.
Dutch cheques were up to Nfl 300 per cheque and guaranteed, american cheques are a promise to pay.
USA drive through banks are so the cars can see their actual owners (old joke)
I haven't heard that one!
It's funny because it's true. (Especially for Americans)
I must be Dutch at heart because here in the US I haven't used cash for a transaction in more than 15 years, I think. I only go to the bank when I need Euros for traveling. I'm not sure that the commenter that stated we carry cash for tipping is correct - you can tip with your credit card/debit cards at restaurants. I know that many folks who run small businesses carry a lot of cash - not entirely sure why - maybe tax avoidance?? Good video Jovie (and Daan). This is the content I love more than anything - the differences between the Netherlands and the US. :)
My husband and I were so shocked when we walked into a bank in Amsterdam, hoping to exchange some cash at a desk, and the employee said (very straightfoward and Dutch-like) "No, we don't do that."
It's such a strange feeling to get a response like that!
You have to do that a GWK, mostly on trainsations or an airport
I understand that this seems rude but helloo it's Amsterdam.. He gets that question probably 1000 times a day.. I bet if you go to a really touristic place in America and ask an employee a much asked question, you would get the same answer. Amsterdam is not 'the Netherlands', it's more like Las Vegas (but with actual old buildings and real waterways).
He probably does get that question a lot. But it was startling to us because we didn't know squat about how Dutch banks operate, and we weren't familiar with the famous Dutch directness.
@@notabrand6283 I work in a store. I would have said (at least) Oh sorry, we don't do that, and point you to (if I knew where) the correct place. But Amsterdam is not 'the Netherlands', 70% of Dutch people don't like the rudeness of Amsterdam. I visited once, had a beer, and when I had one sip left, the bartender asked: Can you drink it, and if you don't want anything else, can you go?
Not the Dutch way, its amsterdam..
Yes a Notaris IS a lawyer. They are specialised in family law and other fields.
Remember Josie; google is your best friend :)
Hi Jovie, Slovakia is somewhere in the middle between the Netherlands and the US. We still have cash in banks, but are charged fees when requesting cash at the counter. We do have safety deposit boxes,but mostly just at the main offices of banks. We can walk into a bank without an appointment to get an account. Notarial services are provided by people with an education in law , but you don’t need to have the highest degree in law to be able to become a notary public. I know of people having a masters degree in law and function as notary while the highest possible University degree is Doctor of Law in Slovakia.
Thanks for sharing, that's interesting!
The same in Poland ;)
We did have the banks like in the US here too. But that was when I was very young, like 40 years ago. You could go to a bank. Wait your turn (not in line, you took a number) and go to the counter and tell the person why you were there.
But then Internet happened and we moved on to the 21st. century.
Why would you want to go to a bank if you can do it online? Even faster then going to a drive through bank.
I guess I just need to adjust to the current times!
@@JoviesHome That would seem logical to me. 😉
I could understand that you would like to go to a bank if you were a lot older. My parents generation has trouble getting used to the internet and doing things online but since you have a successful UA-cam channel it probably isn't a problem to do your business online.
@@gert-janvanderlee5307 Agreed! My thinking exactly!
Well I'm in my early 30's, half an IT-guy and still go to the bank, pull a number, and get served or serviced. (Don't know which word is worse) So probably I'm a dinosaur. But I know one thing. There is no need, and never has bin to make an appointment. Well not for me, and not with the ING bank, never bought a house, and mostly Covid prior experience. But still, you need to make an appointment to go to the bank is just not right.
So yes, having almost all payments / money done digitally has several benefits. Like convenience, more personal safety. Also a bigger hacking risk by foreign enemy states amongst others and extremely less privacy from banks, companies and the government comes free of charge! :-D
Making an appointment is something of the last years.
However, The last "improvement" of relation was that they send me a letter that their service had improved by moving their office 2.6 km further away! So totally not in distance.
I have not been to my bank for years. Everything, inluding switching banks, altering my account, adding a bank number etc is all done online.
If you buy a house in Spain, the notary there doesn’t even check if the “seller” is actually the owner of the house, he or she just cashes. In NL the notary services go way beyond that and ensure you that everything is in order ... and yes you pay for their services, but it ensures you that you don’t get unexpected negative surprises in the future ... and some of the notary costs are tax deductible
Did you also noticed there is no need for a armed guard in the Dutch bank to shoot criminals if necessary ? 🤣😁😆😅
At least in California and most of the West Coast the bank based notaries vanished about 30 years ago when most banks got out of the real estate escrow business. Notaries are now mostly found as free-standing businesses ( usually in immigrant neighborhoods ) or at a realtor's office. This service now runs about $25 and up.
Whenever I'm back in the Netherlands, looking at banks and their services it's like being confronted with an organisation who charges for everything although they don't give any personal service at all (well except from "De Regiobank" maybe). It's also quite simple. Here (Portugal) where I live, we can almost do any transaction on the atm machine (getting licences - for instance getting a fishing permit, the atm machine will print it out- , paying taxes and bills, charge your prepaid phone etc. If you don't know how it works there's always someone from the bank to help you out in person. Next to that there are "payshops", a great solution for older people who don't have a computer. You don't have to make appointments, personal service is still one of the most important functions of a bank. Not all purchases are registered because we use mainly cash for small amounts (a coffee is 60 cts, why use an app or card for that?). We use 1 and 2 cent coins, we are actually paying the exact price. And of course for the ones that like the comfort of internet banking that option is there with even a long list of "pre-installed" functions for most major companies and gouvernment communication and bills (taxes) etc. If you do use a card for your daily shopping and other purchases, at the end of every quarter you can visit your personal online "tax bax" and you will find a list of everything you bought (what you've bought, where and at what time). The good thing about that is that food, medicins, fuel etc are tax deductible if you give your tax number (eve if you pay cash). It also means that the bank, the seller, the guovernment and all organisations to whom they sell this information know exactly what brands you buy, how much you buy etc. A "cashless society" is just another word for controlled society.
big differences: We dont use checks, transfer money is easy, tikkie, everything online or via app. In US the banks dont want to be efficient because every unifficient transaction creates profit.
I think the main reason why banks have gone through the appointment style system was that many services are now offered online and by not always having bank people wait around for people to come in, it's a waste of the payroll money. So instead they lower costs and hopefully too bank costs for having an account.
In a Dutch back you can make an appointment to withdraw a large amount of cash (as in more than €1200, which is the maximum daily withdraw limit through ATM’s here). You have to have a reason why you need that much in cash because using your bank card and “pinning” the amount is possible anywhere where you have to pay large amounts. it is possible, but has to be set up in advance since banks here don’t have large amounts of cash in stock generally.
I can not recall going to a bank. I really wouldn't know what I should be doing there. Few years ago I bought a new house and needed a new mortgage. The most favorable mortgage was one from a bank. I had to open an account with that bank in order to get a mortgage there. The opening of a account was a complete online proces (And it's not as easy as it may sound. Everything is thoroughly checked).
I have about €20,00 cash in my wallet (and a few 50 cent coins for shopping carts although I do allmost all of my grocery shopping online). Haven't touched it for years (except for the shopping cart coins) . Some people say that you always need some cash money in case the banking system doesn't work. In the last 4 years I can only recall one incident that the system didn"t work due to a ddos attack.
I buy a lot online and pay by using iDeal (And I think that's rather popular in the Netherlands). I pay things in stores mostly with my smartphone and occasionally with my "pinpas" (not a creditcard, creditcards are not common to be used in shops/stores but are more used for online purchases).
If I need to contact my bank I use my bank social media channels or I'dd call them. I think that is also very common to dutchies and I think that is why banks are closing so many offices. If you would ask me where I could find a bank office.. I sincerely could not answer that question.
But I also realise that the whole digital banking makes us pretty vunarable to.
My bank does not have any offices, everything is done online, love it
A great video again. However en few pointers.
1. At the more local banks in the Netherlands like RaboBank, SNS Bank en RegioBank it's possible to collect money or open a bank account.
However a large amount you must order in advance.
2. With a statement of losing your card from the police or local government it's possible to collect money.
3. A notary in the Netherlands is someone who has a bachelor of law with a minor in notarial law. After that, you can apply for a job at a notary office. For 6 years you are a candidate notary. During that time you work and study. After the six years, you are a notary.
In America, it is an online course for a few 100 dollars. So no they are not the same.
So yes a notary in the Netherlands is the same as a lawyer in the USA specialised in making contracts and wills.
4. You can legalise or get verified document at your city or townhall.
another big difference that I know of is that credit cards don't get accepted at ATMs and stores in the Netherlands. most (if not all) money transfers instead go through debit cards and digital banking (and very rarely through cheques).
The American bank you describe is nostalgic to us. At least if you're old enough to remember. Nowadays I hardly use cash money anymore. I must admit that it was more exciting to go to a bank back in those days. Sweet memories.
Isn't it funny the things we feel nostalgic about?
Our daughter recently started horseriding. That is still payed in cash. A weird amount too, so I take cash from the ATM, go to the supermarket and buy one item, so that I can pay her lessons in that specific amount.
I work in a shop where cash is still regularly used. Small notes and coins are a nightmare. Our local ATM only has €50 notes, as a shopowner you have to buy your change at the bank. So I see it as a sneaky way from the bank to make money.
Why is this type of notary needed in the US banks? It sounds like you used that often but I've only needed a notary service here in NL when I bought a house.
Uk: Notary for a passport. 5min, about £20. If it's for something more complicated like buying and selling houses etc... It's expensive. BUT.... For something like a passport, a doctor etc... Can be used to vouch for your identity.
One problem we found when we were preparing to move here: no BS number - no bank account. But you can't get your BS (burger service) number until you've moved here, have an address and have registered with the gemeente. This made it less simple to do business here before we'd actually moved, though I must say that everything has run smoothly since then. Two other differences you will notice: 1. Bank accounts here are not free like they are in UK. 2. You get coffee when you visit the bank! ☕️☕️☕️
BS number sounds like something else haha. Better call it BSN. 😅
@@moladiver6817 I know. That's why I like to call it the BS number 😋
You could have opened a digital bank account like Bunq ;)
The fact that bank offices don't keep cash is that cash us less used anymore: contact less paying is the norm overhere. It's safe, easy, cost efficient. Most payments outside shops go through online services. Another difference is the use of credit cards: you don't get one easily and using it is not necessarily for most people.
The big and important issue is that you need a Burgerservicenummer (BSN) without that you can not open a bankaccount
I am a Canadian living in Germany and my wife's parents are from The Netherlands, so we visit often. The banking system in The Netherlands is years ahead of the traditional German banking system. Cash is still king here to the point that many restaurants won't accept debit or credit cards. I had to convince my landlord to accept rent transfers from my account to his because he wanted it in cash. It was a very long conversation. He doesn't trust "invisible" money as he calls it. In Canada, I never used cash or carried it. Toronto restaurants and coffee shops often don't accept it because of security concerns. The Germans are slowly digitizing their antiquated banking system, but I wish it was more in line with the Dutch system.
Well Jovi, we don't use much cash here, almost everything is done with a pinpas. If you want to tip in a café or restaurant you can add on and pin the total. Before corona you could go into a bank without appointment, but not anymore. Everything is done online nowadays.
About 70% of the ATMs have been closed and dismantled because people don't use much cash anymore. I haven't been to an ATM for at least half a year. There are even shops where you can't pay with cash anymore.
In ons land zijn al sinds de zestiende eeuw notarissen actief, die men tot 1811 ook voor getuigenverklaringen van allerlei aard nodig had. Als bijvoorbeeld je buurman je toen mishandeld had, ging je naar de notaris om dat in een akte vast te laten leggen, waarmee je dan een rechtzaak kon beginnen. Later nam de politie die taak over. Daarom kun je bij onze notarissen tegenwoordig nog slechts terecht voor het kopen van woningen e.d. en het regelen van erfenissen, testamenten etc.
9:45 You won't hear me call Americans lazy for having drive-through banking, because I remember us having something similar.
That is also a safety feature to drive up to the banks ATM (Automated Teller Machine). The camera is there for protection. You are already in your car. You do not have to walk past people loitering outside the bank after you get your paycheck cashed. But all of that stems from the level of crime here.
As Americans we have a constant eye on "How can I make this safer?" "How can I avoid being robbed?" "How can I do this quickly so as not to be a slow moving target?"
It's not laziness at all to be prepared to do your business safely and efficiently. Until I started watching Jovie's videos about how different The Netherlands are I would have never considered that a Drive through ATM would be considered lazy. It's safe.
This reminds of the movie where the rich had more Time in digital readouts on their wrists and they walked every where, while the poorer community had to constantly run to "stay ahead of the clock" or they would literally die.
The movie is called In Time I believe with Justin Timberlake
Hehehe, I remember going up to an ATM in Morehead KY. The bank was on (old) Main St. but closed so I used the drive-trough ATM, on foot as I was walking through town taking in the sights.
You should have seen the faces of the people behind me, waiting in their car and feeling sorry for me because my car must have broken down (!). I found most services we use on foot in Holland were drive-trough over there.
Cash money: I have one 20Euro bill in my wallet for emergencies. I moved the same bill to a new wallet for three times now.
It a 10 euro bill for me... 😉
It's a £20 note for me
1) to point 1: yes, that's true but you can also open your bank account online and a courier will come with documents to your apartment. However, that indeed means waiting a couple of days. You also need a BSN - I am not sure if one needs the SS number in the US. It seems to me, it is needed.
2) there is no such thing as a FICO score.
3) Checks don't exist here
4) I consider US banks being medival. It is unthinkable here to pay for a wire transfer, whereas in the US it can cost up to even $40. Online banking here is so much better plus all services like Ideal and Tikke. Those don't exist in the US (or are niche services).
If you don’t have a card yet you will get a temporary card to use in the shop and take money out.
Until your card comes with the post
Some Dutch directness, when criticizing the Dutch just bite the bullet don’t apologize on forehand.
You can get money from a bank employee on appointment for example for the older citizens but it isn’t standard procedure, they will ask you if you’re spouse can’t help you with the ATM.
Because our money is mostly digital, bank offices don’t have any cash besides the ATM’s so they need to reserve this. The ATM’s aren’t filled by cashiers or bank employees but by armed trucks from other locations. We had tellers thirty years ago and now they’re going to close even more bank offices.
Safety deposit storage is declined, there are companies who are dare to fill this void. Banks don’t longer give this service because the decline I think it’s also because you need to prove the sort of the belongings. The new safety deposits are automated.
I think it has more to do with identification who you are. Your passport/Identification card is who you are, not your birth certificate.
Nice video! Dutch banking is pretty Dutch i.e. "honest", minimal, you get what you pay for. The fees are low for a current account (in Britain, free banking is something considered a human right almost, thought that will soon disappear and banks like Metro Bank are shaking the business model up) and in most countries the fees are higher, but the services are pretty basic. I have not seen a teller at a Dutch bank for years, I think they got rid of almost all of them. Most annoying thing is Dutch banks charge to make over a fixed number of deposits (I think >6 per yr), that's right you are charged for giving the bank money! Security features of Dutch banking are excellent with the card reader. You can find banks here with safe deposit boxes but obviously not every branch offers this. I've never seen a check in this country, they are redundant really. Drive through ATM I have seen that before in the US but in a place where there is not even a sidewalk and you have to drive to do anything, so understandable.
I remember my father used to use cheque's back in the 90's. But I haven't seen those around for years and years, the PIN system probably put an end to that.
In the Netherlands there are Drive-through banks, for example in Spijkenisse is a drive-through bank.
@Jovi: most of these differences (no cash, have to make appointment, etc) are of later years. Until, oh, 2007 or so, bank offices (brances) did have open walk-in, a row of tellers, cash in the safe, etc. Then ATMs kicked in, they did away with most of the tellers (and just referred clients to the ATMs), and eventually, no cash was present anymore (not needed..) and they did away with walk-ins altogether. As you have learned by now, Dutch people do not use checks (they did until ~2000 or so, but these were guaranteed by the banks ("Euro cheques") and not personal, like the checks in the US. People just give eachother their bank account numbers, and they pay with that (iDEAL etc.)
You might be able to get simple notary services at your town hall. If I needed something like a certified copy in Belgium, that's what I had to do. And yes, notaries aren't just something like a lawyer, they are lawyers. Depending on the country, they can be something in between a public servant and a lawyer, as they will also bill you the taxes you need to pay on your house sale, for instance.
If you are a new customer, or lost your bank card, generally you get a provisional card that you can use to get cash or pay at machines. It's an anonymous card with a validity of only a couple of weeks, and generally you have to give it back when you get your new personal bank card. Most branches won't have cash, only a few branches with teller windows might have money, and generally, you have to order in advance. And the fee for a cash withdrawal at a teller window will be higher than at an ATM, unless you have a (more expensive) business account.
Something you didn't mention (in this video), is that credit cards are much rarer in the Netherlands than they are in the US. Almost all cards are debit cards (often NFC, nowadays), but you can use them virtually everywhere. Perhaps there are a few farmer stands where you have to pay cash, but almost anywhere else, you will be able to pay by debit card, and often only debit card. I like cash, I prefer it, but if you want to, you don't need any cash today in the Netherlands, as long as you have a debit card (or a debit cash app on your NFC equipped phone).
Not sure about American banks, but the main feature about Dutch banks is that offices have virtually disappeared. It's all online.
The same here in France, online banking is the new genre, some of the banks are closed. Only the elders visit the banks but they need to make a call or make an appointment beforehand.
In some instances for some official documents, you can make an appointment at the city hall to have your signature `legalized`, you sign and the official has checked your i.d. and give you the stamps needed. It is a lot cheaper than going to a notary. I envy some American friends for their credit cards with so many perks like saving for airmiles, discounts on travel, car hire etc. Unfortunately I can´t qualify being a Dutch citizen. Like watching your show.
Most examples you mentioned show how the Netherlands is moving to a society without cash. This proces is not going at the same speed in every European country. In the NL you can pay with your debit card everywhere, but in Germany for example, lots of smaller businesses only accept cash.
Another issue we've been facing in the Netherlands, which is not directly related (maybe a partly) to getting cashless, is safety. In the Netherlands the amount of so called "plofkraken" has increased massively. A plofkraak is when robbers use a fast car or explosives to blow up ATM's. For that reason a drive through ATM is something which we will never see here.
We have drive through banking as well.
But you drive through on your bicycle.
It's not for cars, but many people use an ATM from their bike.
Having an appointment in the bank is something from recent years. Because all is going online, so there are less people in the bank. There are 90% less banks where you can go then a view years ago.
Also having cash in the bank is something old here, we don't go anymore to get money with a check.
When you need for example 20 bills of 5 euro you can order that. But you can not hop in indeed.
just FYI: Last month the local chapter of our association here in NLD needed a new set of by-laws notarized. We got lucky with a 50% fee reduction so we only had to pay around €450,--
There are no notary services in the Netherlands, because we almost never need to. The only time you need a “notaris “ is for legal services like buying a house or making up a will (testament) . Then he is not just a witness, but makes up the documents
Things are more digitised. No need to cash a cheque when its automatically added to your bankaccount. The banks are more for financial services here. No need for large amount of cash inside the banks.
I've never made an appointment with my bank. I always walk in like that. Sometimes I have to wait, but I've never been asked to make an appointment.
Hi Jovie, as a Dutch citizen it is easily 20 years ago I visited a bank. Everything is done over the internet or by phone. Banks became obsolete, hence many have disappeared. I never pay cash.
The Spanish notary service you describe can have a very simple explanation: when the laws governing notaries were written (probably during Franco, possibly before him) not all that many Spaniards could read/write. By having an educated person reading the contract you had a reasonable expectation that the signatory understood what the paper was about, even if the signatory was illiterate.
And regarding pay checks: I am now over 50 years old, and have worked in Europe all my life. I have _never_ been given a check to cash in the bank for my pay. Without exception my pay has been deposited into my bank account on the 25th of every month (or the closest preceding bank day, if the 25th is a bank holiday). And I don't even have to tell my employer what bank account I want my pay deposited into: my employer will just give the bank of list of social security numbers and corresponding wages. The bank sorts out the details. And the list is electronic: all pay systems are entirely computerised, so the employers IT-systems send the list to the bank electronically, no paper is involved in the process.
The bank has also a ATM card, if you need money they use that card to get money from ATM.
You only need to order large amounts over 10K or foreign money.
I don't know if it has changed in the last few years, but in the Netherlands there were no ATM fees. In the US, when I use a bank where I don't have an account, I get charged (about $3) to use it.
For the notary function when signing an official document you can go to your local municipality in the Netherlands. They offer a service to "legalise signatures" and are much cheaper than a notary.
A civil-law nitary has a very different function in continental Europe then in common law countries like the US. The notary in Europe oversees the legality of certain transactions and is repsonsible for the legal execution of deeds (e.g. transfer of property or shares, mortgage, liens etc.). A third party can rely on these deeds (they cannot be contested, unless in very sepcific cases). Banks have been reduced to credit and payment institutions in a virtually cashless world. They offer everything online. Safety deposit boxes have been outsourced as being very time consuming for personnel. Dutch banks however are very cheap in annual costs compared to foreign banks. You can get a full package with debitcard etc. for approx. € 35 per annum. So not having these huge buildings and cash laying around makes them very cost efficient.
Opening accounts is done via appointment due to identity verification and such logistics. It's not necessary, but it's how its done here. All over the world rules for identity verification are becoming heavier. As you must be aware it also goes for US residents abroad.
I do recognize the description you give of the banks in the USA. When I started using the bank, around 40 years ago when I was 17 I had to walk op to a banker, show my bank book to retrieve some money. This was a Time before the ATM machines. In the basement, there were security boxes for rent and we still got interest paid on out savings. Also a checkbook was not uncommon, although it never was used as much as it is in the USA.
Very soon after we got the bankcard, electronic banking etc. It moved fast and I don’t think all the changes are for the better, but a lot of them are.
The one thing I still do not like is that banks make lots of money, pay out to their shareholders, but don’t pay the money lenders (us) an interest.
The last time I visited my bank was 5 years ago. And it is already mentioned: cash is going away in the Netherlands. I have always 20 euro cash with me and that is it. Never use cash money anymore.
I have genuinly only seen the inside of one bank in my 15 years of life, and that was when I was setting up my first youthaccount and my mom wasn't very confident with online banking.
We had drive through banks at the borders, when every European country had their own currency. Driving to Antwerp, at the border check point Hazeldonk, there was a Grenswisselkantoor bank office where you can drive through and change your Guilders into Belgian Franks.
I was a bank teller here in the states for a umber of years and mainly worked in the drive thru section. I always loved being a teller.
Je kan een rekening online openen, dus waarom zou je daarvoor naar de bank gaan. Dat doe je alleen voor zaken die je niet online kan regelen.
A drive through bank? They stole it from mcdonald's or was it vica versa?
My bank in Epe had a drive thru, but you know that a car in The Netherlands is only used when a bicycle is not an option. So drive thru counters would be a waste of money.
You can get some emergency cash from your bank when your pass is stolen/damaged but there is a maximum. Back in the day you could order foreign money from the bank but these days they send you to GWK. And I also do remember my parents went to the bank once to get money they couldn't get from the ATM to pay for a new kitchen I believe it was. Back then not every company had a pin machine with them and ideal wasn't a thing yet back then.
ING gives you this temporary card (until your normal card is delivered via post to your home) and its possible to use this temporary card to withdraw money, or pay by pin.
Dutch bank work almost completely digital. Opening bankaccounts for example can be done via their website or even by using an app. If you want to talk with a specialist, then you can make an appointment at the bank . But again, 99% of bank services can be done digital. And a drive through bank? Every Supermarktet has an ATM machine. So why needing a Drive through to get some money?😉
Interesting subject, Jovie. :-)
1) Word of the day: actually, "contant geld" is what every Dutch person says if meaning "chartaal geld". For "chartaal" is the opposite to "in a bank account". Funny, as the word "chartaal" reminds me of "cards", therefore of money "somewhere, but not on you", like on a credit card.
"Contant" is the opposite of "op rekening": like "immediately" as opposed to granting a period (like a week or a month) to pay. I only learned so when embarking on an accounting course. :-)
2) Notaris: yes, the "notaris" is a lawyer. When I studied law, long ago, "notarieel recht" was considered the most demanding disciplin in Dutch law, combining thorough knowledge of both civil law and fiscal law. Being a notaris brings great responsability, a bit judge-like, even liability. No wonder that he/she can and probably must charge quite some money.
To my knowledge, this profession exists in countries that implemented the Roman style of law, known in English as "civil law" when contrasted with the "common law" that the UK (except Scotland) and many of her former colonies use (except the US-state of Louisiana).
Note to my fellow readers: that difference is like lining out to either margin, and reality is a blurred mix.
Added:
The "Belastingdienst" (Tax Agency) used to have a "Dienst der Registratie" for the purpose of registering documents by "notarissen". This department of the agency would officially date-stamp documents, any documents. It was a way of copyrighting songs when not being a member of BUMA (like in the USA ASCAP and BMI). I don't know the current situation.
That is interesting, I didn't know any of that. Thanks for sharing!
Cash, chartaal and contant are used in Dutch daily use. Just cash or contant is used most
@@dutchgamer842 I have never heard anyone say "chartaal", nor (in the few cases that I used it) recognize the word.
@@chrislaarman7532 I did, it was just very rarely. Cash and contant are both the most common words, cash doesn't have to be translated into contant, since cash is also used
'Chartaal geld' is the opposit of 'giraal geld'. Chartaal is the real money (coins and bills) edited by a national bank (nowadays the European Central Bank in the EG). 'Giraal money' is no real money, but created by the commercial banks. Formerly the chartaal money was covered by gold. 'Giraal money' is covered by air. It only exists of paper and trust.
This is so funny, when I lived in Chile I had to get my contract “notarized ” and I was panicking, thinking it was going to be really expensive and I had to make an appointment, but my boyfriend told me, just go into any notary office and get it done. I got into an office that was really busy got a number and payed only a few dollars to pick up a stamped contract 15 minutes later. In the Netherlands the employer or school etc. needs to keep track of the authentication so people don’t have to go and get stamps.
When (situational) would you need someone to co-sign and watch you sign a document ? I am looking for the reason for your quest. I am in my 50's now and all i've never used or needed a service like that. We only need a notaris if legal documents and sales-agreements (with tax implications) need to be registered in a national database system where they are stored (long time) and can be retrieved (by a notaris or the government) in case of legal desputes or in re-sell situations (real estate buy & sell). Our money-system is no longer build around cash. I need a bank only as a digital register for what I earn and what I spent (digitally)
What is "getting your signature notarised" in the USA? On what occasion would you need that?
In NL the notary provides legal services like a last will or the transfer of ownership for a building/company. The notary must make sure all parties understand the significance of the document, signs the papers and stores a copy until the end of times. The notary also executes (or supervises the execution of) the will when the customer dies. By law they are required to actively keep track of the demise of their customers and they must track down each and every heir.
We used to be able to walk into a bank, but the last years it has changed, especially after everybody uses their ATM card now. So this was absolutely the case maybe 15 years ago.
You could also get cash by going up to a bank employee and ask for a certain amount,; same as you. Or use a cheque to either get money or order them so you could pay with them. All gone.
It's so strange, these systems we thought would always be in place.
6:24 What i find so shitty here is that you need to pay a lot of money if you want something get done in your bank.
Wow, I haven't been to a bank in decades (literally). Everything can be done on-line, even from your phone, from wherever you are. I don't even use bank cards anymore. I pay everywhere with my watch, and anything else is done with my phone.
The Netherlands is one of the most advanced banking countries in the world. Most people have no or nearly no cash. There are no checks. The system is very efficient and therefore economic. It also means less staff, therefore for more complicated matters you need an appointment. Btw opening an account is very easy, you can do that online provided that you have a BSN (social security number).
A dutch notary (notaris) has a degree in law. Going through any kind of contract, giving advice, service and explain law for layman. Enabling customers to fully comprehend the full extend of whatever that person might be involved in.
I have only been to a bank for 3 reasons. 1) to get foreign currency. 2) to deposit about 100 euro in coins (cannot advice doing that, its way too heavy) and 3) no.. Guess that all
Last time I got my signature notarized , it was free.
The ING bank in the Potterstraat in Utrecht looks more like a coffee bar than a bank office. I was at the opposite side of the roead looking for a bank office but didn't recognize it.
Hi Jovie,
In the not so far distance past banks were all over the place in every city and village and you didn’t have to make an appointment for visiting the bank for any desired action/service. However, due to the internet, banks are closing down local branches and even if there is a branch of your bank in your neighborhood, you now have to make an appointment. So banks used to operate more or less like in the USA in the past, but not so anymore. I expect this will also be the case in the USA in the near future, so they can cut down costs like they did overhere. The cash situation also used to be the same overhere, but nobody is asking for cash at the bank anymore. Quite frankly, I think the USA is a little behind here. Europe and in particular The Netherlands were quite quick to adept to the internet of things in regard to banking and other things. I almost never use cash anymore and so isn’t the rest of the Dutch people. Card? Who needs a card?? I almost pay everything with my ING Apple Pay virtual card and a fingerprint. Works so easy! Safety boxes used to be housed in your local bank in The Netherlands not so long ago, but they quit providing this service a couple of years ago. Again our situation in regard of bank services used to be quite simular as is still the case in the USA, but times are changing and maybe not always for the best... Drive trough banking?? What the heck? Pardon my French, but if you don’t need cash anymore, why then bother with drive trough ATM machines? Just use your card or Apple Pay/Android Pay.