As of 1 October 2022, customers will no longer pay negative interest.
The terms and conditions make it possible for us to use balance class(es) and, as a result, apply an interest rate for each balance class(es). The total balance on all your different current and savings accounts is used to determine your balance class(es). Joint accounts are included partially in the calculation.
Joint accounts are included partially in the calculation. Do you have a joint account with your partner, for instance? Then the balance of this account is included for 50%.
Balance classes and interest rates are subject to change. Historical interest rates and balance class can be found here.
The following current and savings accounts are used to determine the balance classes:
Current accounts
All personal current accounts and ABN AMRO MeesPierson current accounts. An exception to this are the accounts in a foreign currency. We charge negative interest on balances in a foreign currency with a negative reference rate. In that case, you will pay this interest on your entire positive balance. Reference rates are set daily or monthly. More information such as current interest rates and conditions can be found at abnamro.nl/foreigncurrencyaccount.
From 1 July 2021, you pay negative interest on the Rechtbankrekening (estate account). The calculation of negative interest on the Rechtbankrekening deviates from how we calculate the negative interest on the other current and savings accounts. Read the Q&A 'How is negative interest on Rechtbankrekeningen (estate accounts) calculated?' below to find out how this works.
Savings accounts
If you also have business current and/or savings accounts in your own name, visit the webpage about negative interest for commercial clients to find out whether they are also included in the calculation of your total balance. Business current and/or savings accounts in your company’s name are not included in the calculation of your total balance in your own name.
*In January 2022 Direct Quarterly Savings will change to a different savings account. Read more about this change.
Calculation example 1
Let’s say you have €50,000 in a current account in your own name and €60,000 in the joint savings account you share with your partner. Of the balance on the joint savings account, 50% is included in the calculation of your total balance. In this example, you have a total balance of €80,000 (€50,000 + €30,000). This puts you in the first balance class*, meaning you don’t need to pay negative interest.
*Balance class €0 to €100,000.
| Balance class | Your balance in the balance class | Interest rate | Daily interest |
|---|---|---|---|
| €0 to €100,000 | €80,000 | 0% | €0 |
| From €100,000 | €0 | -0.25% | €0 |
Calculation example 2
Let’s say you have two savings accounts in your own name, each with a balance of €100,000. You also have a joint savings account with your partner and the balance on that account is €350,000. Of the balance on the joint savings account, 50% is included in the calculation of your total balance. In this example, you have a total balance of €375,000 (€100,000 + €100,000 + €175,000). Your total balance falls under both balance classes*.
*Balance class €0 to €100,000 and balance category from €100,000.
| Balance class | Your balance in the balance class | Interest rate | Daily interest |
|---|---|---|---|
| €0 to €100,000 | €100,000 | 0% | €0 |
| From €100,000 | €275,000 | -0.25% | € -1.88* |
*-0,25% of 275.000 is €-687,50 on annual basis €-687,50/365** days is €-1,88 interest on a daily basis.
**Leap years are calculated on the basis of 366 days.
Joint accounts are included partly in the calculation of your total balance. Do you have a joint account with your partner, for instance? Then the balance of this account is included for 50%. Do you have a joint account with 2 additional account holders? In that case, 33 1/3% of the balance is included in the calculation of your total balance.
These exceptions are not fixed and could be changed in the future.
The calculation of negative interest on the Rechtbankrekening (estate account) deviates from how we calculate the negative interest on the other current and savings accounts. The negative interest is calculated per account as every Rechtbankrekening (estate account) is regarded as a personal bankruptcy or debt restructuring (Wsnp). Per account the threshold above you will pay negative interest of € 100,000 applies. You pay negative interest per month. We always charge the interest in the following month.
Let's say you have 4 Rechtbankrekeningen (estate accounts):
| Account | Balance | Interest rate | Daily interest* |
|---|---|---|---|
| 1 | € 80,000 | 0% | € 0 |
| 2 | € 120,000 | -0,25% of €20.000 (€120.000 -/- €100.000) | € 0.14 |
| 3 | € 320,000 | -0,25% of €220.000 (€320.000 -/- €100.000) | € 1.51 |
| 4 | € 60,000 | 0% | € 0 |
*Leap years are calculated on the basis of 366 days.
If you and your company are separately registered with us, we will treat you and your company as separate clients and your balance tiers will be calculated separately.
Business current and/or savings accounts in your company’s name are not included in the calculation of your total balance in your own name. In this case, we will calculate the total balance of accounts in your own name and accounts in your company's name separately.
You can find the balance of your ABN AMRO current and savings accounts in the Mobile Banking app or in Internet Banking. There you can also view and download your account statements.
If you're not using our online banking services, you can find the balance of your accounts on your paper account statements.
If you have paid negative interest in the past year, you may not see this fully reflected in the financial annual overview. For an overview of paid negative interest, please refer to your interest notes.
Do you receive any of your current or saving account statements digitally? Then you will also receive the Invoice negative interest in Internet Banking. This makes it easier for you to save an invoice in your records or forward it to your accountant. You will receive a Bankmail whenever a new Invoice negative interest is available for you.
Do you receive all your current or saving account statements on paper? You will receive the Invoice negative interest by post, a couple of days before the negative interest is due. If you use Internet Banking, you can also find your invoices online.
If you only have joint accounts, you may not be able to view and download the Invoice negative interest in Internet Banking. This is why you will receive the Invoice negative interest by post as well. We are trying to solve this issue as soon as possible.
How can I find my Invoice negative interest?
In this overview you will find all invoices you have received.
You can find the Invoice negative interest via the Mobile Banking app by going to ‘Self service’ > ‘Download account statements’. Select in the drop down menu ‘Overview type’ the ‘Invoice negative interest’.
Can I set a preference in the way I receive my invoices?
Unfortunately it is not possible at this moment to set a preference in the way you receive your Invoice negative interest. We are trying our best to make this available as soon as possible. We will inform you once you are able to set this preference, e.g. from paper to digital, yourself.
