Need to send euros to family, a freelancer or a supplier in the Netherlands? Coinepay Global Remittance lets you send cross-border transfers to the Netherlands from your verified account, with the exchange rate and fees shown clearly before you confirm. This guide explains what details you need, the payout methods you can choose, and how to track the transfer from start to finish.
Everything is handled in the Coinepay dashboard or the mobile app, available 24/7. If you have not signed up yet, create an account and complete identity verification (KYC) first, because fund services require a verified profile.
What you need before you start
To send money to the Netherlands you will need two things ready: a fully verified Coinepay account, and the recipient's correct payout details. Getting the details right the first time is the single most important step, because an incorrect name or account number is a common reason transfers are rejected and returned.
- A verified Coinepay account. Complete KYC in the app before you send. Every transfer is also subject to sanctions screening and local regulations.
- The recipient's full legal name exactly as it appears on their bank account or ID.
- The payout details for the method you choose (see below).
- The purpose of the transfer and, if asked, the source of funds. Coinepay may request supporting documents as part of its compliance checks.
The local currency and bank details for the Netherlands
The local currency in the Netherlands is the euro (EUR). A Dutch bank account is identified by an 18-character IBAN that starts with the country code NL, followed by two check digits, a four-letter bank code and a ten-digit account number.
For a euro payout into a Dutch account, the recipient's IBAN is normally the only bank detail required. If your transfer is being processed from outside the SEPA area, you may also need the recipient's account name, their IBAN and their bank's SWIFT/BIC code, and the provider may ask for the bank's name and address.
Codes used in other countries — such as an Indian IFSC, a Mexican CLABE or a US routing number — are not Dutch receiving-account codes. For the Netherlands, always use the IBAN and, where requested, the receiving bank's BIC.
Payout methods you can choose
Coinepay supports common local payout methods. The exact options shown for the Netherlands appear in the app when you select the destination, so confirm there which are available before you send.
Bank account deposit
Depositing directly into the recipient's Dutch bank account is the standard method. You will need:
- The recipient's full legal name as registered with their bank.
- Their 18-character NL IBAN.
- Their bank's SWIFT/BIC, if the transfer is routed from outside SEPA or if the app requests it.
Double-check the IBAN digit by digit. Missing or mismatched beneficiary information can cause the receiving bank to reject the payment.
Cash pickup
Where cash pickup is offered, the recipient collects the funds at a participating payout location. For this method the recipient needs the transfer reference details you share with them and valid photo identification that matches the name on the transfer. Make sure the name you enter matches their ID exactly.
Mobile wallets
Coinepay supports mobile-wallet payouts in many markets. Whether a wallet payout is available specifically for the Netherlands depends on local coverage, so check the payout options shown in the app for the Netherlands at the time you send. If a wallet option appears, you will typically need the recipient's registered name and the wallet or phone number linked to the account.
Step-by-step: sending money to the Netherlands
- Sign in and open Global Remittance. Log in to the Coinepay app or dashboard and start a new transfer.
- Choose the Netherlands as the destination and select the payout currency (EUR for a local euro payout).
- Select the payout method — bank deposit, cash pickup, or a mobile wallet if one is listed for the Netherlands.
- Enter the recipient's details. Add their full legal name and the required payout details (IBAN and, if requested, SWIFT/BIC for a bank deposit).
- Review the exchange rate and fees. Coinepay shows the rate and fees clearly on screen before you confirm, so you can see exactly what will be sent and what the recipient should receive.
- Confirm the transfer. Approve it with your account's security method. You may be asked for the purpose or source of funds as part of compliance checks.
- Track the status. Every transfer has status tracking in the app, so you can follow it from submission through to payout. Keep the reference handy to share with your recipient.
What the recipient should keep in mind
These points are general guidance, not tax or legal advice — the recipient should confirm their own situation with the relevant Dutch authorities.
- Bank monitoring. Dutch banks monitor transactions and report unusual ones to FIU-NL. A bank may ask the recipient for information if an incoming transfer is much larger than their usual activity.
- Gift tax. A recipient may need to file a Dutch gift-tax return for a gift from abroad above the applicable exemption — generally if a Dutch-national donor moved abroad less than 10 years ago, or a non-Dutch donor moved abroad less than one year ago. No return is required under this rule if the donor never lived in the Netherlands.
- Income from abroad. Netherlands residents must declare worldwide income for Dutch income-tax purposes; relief measures may prevent double taxation.
Troubleshooting
Wrong recipient details
An incorrect recipient name or account number can cause the receiving bank to reject and return the transfer, and fees may be deducted before funds come back. Before you confirm, check the name matches the recipient's bank or ID exactly and verify every character of the IBAN. If you have already sent and spot an error, contact Coinepay support promptly.
Compliance review
Transfers are subject to identity verification, sanctions screening and local regulations. Coinepay and partner institutions may hold a transfer while they review it, or ask for documents such as the purpose or source of funds. Responding quickly with accurate information helps the review finish faster.
Delays
Security checks, weekends, public holidays and the normal processing time for SWIFT or other bank rails can all affect when funds arrive. A correspondent bank's sanctions policy can also hold up a payment. Use the in-app status tracker to see where your transfer is before assuming something is wrong.
Returned transfers
If the receiving bank rejects a payment because of missing or mismatched beneficiary information, the funds are typically returned. Confirm the corrected details with your recipient and send again. Note that Coinepay does not serve sanctioned persons or jurisdictions under comprehensive sanctions, and all parties are screened against sanctions lists.
Need help?
If you are unsure which payout method to choose, or a transfer is taking longer than expected, reach out through the Coinepay support centre or our Telegram channel. You can manage everything on the go with the Coinepay app for iOS and Android.
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FAQ
What details do I need to send money to a Dutch bank account?
You need the recipient's full legal name and their 18-character NL IBAN. If the transfer is processed from outside SEPA, you may also need the recipient's bank SWIFT/BIC, and possibly the bank's name and address. Enter the name exactly as it appears on their account.
Which currency should I send to the Netherlands?
The local currency is the euro (EUR). For a local payout, select EUR. Coinepay shows the exchange rate and fees clearly before you confirm the transfer.
Can my recipient collect the money as cash?
Where cash pickup is offered for the Netherlands, your recipient collects the funds at a participating location using the transfer reference and valid photo ID that matches the name on the transfer. Check the payout options shown in the app for current availability.
Why might my transfer to the Netherlands be delayed or returned?
Common causes include an incorrect recipient name or IBAN, missing beneficiary information, security or compliance checks, and weekends or public holidays. Correct any errors with your recipient and track the status in the Coinepay app.
Will my recipient have to report the money or pay tax?
It depends on their situation. Dutch banks report unusual transactions to FIU-NL, and a recipient may need to file a gift-tax return for certain gifts from abroad or declare foreign income. The recipient should confirm their own obligations with the relevant Dutch authorities.
