Financial vocabulary is essential for expats and anyone conducting business in the Netherlands. Banking: de bank (bank), de rekening (account), de betaalrekening (current account), de spaarrekening (savings account), overmaken (to transfer), opnemen (to withdraw), storten (to deposit), het saldo (balance), de pin (debit card PIN), de creditcard (credit card), internetbankieren (online banking).
Everyday financial transactions: de prijs (price), de korting (discount), de btw (VAT — Belasting Toegevoegde Waarde), inclusief/exclusief btw (including/excluding VAT), de factuur (invoice), de bon (receipt), betalen (to pay), contant (cash), pinnen (to pay by card), de iDEAL (the dominant Dutch online payment system — essential to know).
Personal finance vocabulary: het salaris (salary), het loon (wage — often hourly), de belasting (tax), de aangifte (tax return), de hypotheek (mortgage), de huur (rent), de verzekering (insurance), de premie (premium/contribution), de eigen risico (deductible — own risk in health insurance). The Dutch healthcare system requires an eigen risico payment before insurance covers costs — understanding this vocabulary is critical for anyone living in the Netherlands.