KNAB business account
KNAB’s business account is available in two variants: KNAB Business (for self-employed professionals) and KNAB Business BV. Both packages standardly include a debit card, multiple payment and savings accounts, and a fixed number of free transactions per year. On this page, you will find a complete overview of these two packages, including the cost structure, terms and conditions, and additional information to help you make a well-informed choice.
About KNAB
KNAB is a Dutch online bank founded in 2012 as part of Aegon Bank N.V. The bank primarily focuses on self-employed entrepreneurs, such as sole traders, and on private limited companies with a single shareholder. KNAB has no physical branches; all products and services are offered entirely digitally via the KNAB App and online banking environment. Since the introduction of business services in 2014, KNAB has offered not only personal products but also payment, savings, and additional financial services for entrepreneurs. The organisation positions itself as a bank with a focus on simplicity and transparency in costs and service provision, within the framework of Dutch financial legislation and regulations.
KNAB business accounts
Knab offers two business accounts tailored to your business: one for sole traders and one for private limited companies with a single director. This makes it easy to choose the package that suits your business situation.
KNAB Business
Costs per month: €7.00
Customer due diligence costs per month: €0.00
Cost per transaction: first 500 transactions per year free, then €0.10 per transaction
Estimated time to open: application in approximately 10 minutes, processing usually within 5 working days
KNAB Business BV
Costs per month: € 11.00
Customer due diligence costs per month: € 0.00
Costs per transaction: first 500 transactions per year free, then € 0.10 per transaction
Estimated time to open: application in approximately 10 minutes, processing usually within 5 working days
KNAB business cost overview
Costs per month
Customer research costs
Costs per transaction
Debit card costs per month
Debit card replacement fee (one-off)
Cost of an additional current account per month
KNAB Business
€7.00
0
€0.00
€0.00
€0.00
€0.00
KNAB Business BV
€11.00
0
€0.00
€0.00
€0.00
€0.00
The stated rates are indicative and may be changed by KNAB at any time. Always consult the current rates on KNAB's website for definitive information.
Pros and cons of the KNAB business account
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KNAB business account packages
KNAB offers two business packages with fixed monthly fees and specific included services. Both packages are available for sole proprietorships and private limited companies with one shareholder and include a debit card, multiple current and savings accounts, and 500 free transactions per year by default. Want to save time and costs? Then opening a business account with GoDutch is the smarter choice: arranged online within minutes, with low fees and without the hassle of paperwork.
KNAB Business
This package is intended for sole proprietors and includes one debit card, up to five current accounts, unlimited savings accounts and 500 free transactions per year. After the first 500 transactions, a fee of € 0,10 per transaction applies.
The monthly costs are € 7,00, with the first 12 months free for start-ups. The account can be opened fully online via the KNAB App and requires a valid Chamber of Commerce number and Dutch proof of identity. Looking for an alternative? Then check out the GoDutch account for self-employed professionals.
KNAB Business BV
This package is intended for private limited companies with one shareholder. It includes one debit card, up to five payment accounts, unlimited savings accounts and 500 free transactions per year. After the first 500 transactions, a fee of €0.10 per transaction applies.
The monthly costs are €11.00, with the first 12 months free for start-ups. The account is applied for entirely online and activated via the KNAB App. Want to get started more cheaply and quickly? Then see how you can open a business account for your BV within 3 minutes at GoDutch.
FAQ
Frequently asked questions about the KNAB business account
How long does it take to open a business account with KNAB?
Applying for a business account with KNAB takes about ten minutes via the online application process. Processing the application usually takes up to five working days, depending on workload and the completeness of the submitted documents.
How much does a business account with KNAB cost?
The costs for a business account with KNAB are €7.00 per month for KNAB Business and €11.00 per month for KNAB Business BV. In most cases, start-ups pay no fixed monthly fees for the first 12 months. Both packages include 500 free transactions per year, after which €0.10 per additional transaction applies.
How long does the application for a business account at KNAB take?
The application procedure itself takes approximately ten minutes. After submitting the application, it generally takes up to five working days for the account to be opened, depending on the verification of documents and how busy KNAB is.
How do I close my KNAB business account?
At KNAB, you can close your business account via the KNAB App or by contacting customer service. After deregistration with the Chamber of Commerce (KvK), the account can remain active for up to two months for final transactions. KNAB explains this process on closing a KNAB business account.
