GoDutch vs Triodos Bank
We have listed the main differences for you, so that you can make the best choice.
€0 fixed costs per month
NL IBAN active in 1 day
Up to 1% cashback on every payment, unlimited
24/7 real people on the phone
4.8/5
More than 23,000+ customers are already managing their finances smarter with GoDutch.
Which of the two to choose?
Looking for a business account: Triodos Bank or GoDutch? GoDutch was created because entrepreneurs look for speed as well as impact, unlike Triodos Bank: high fees, limited automation, no cashback. With GoDutch, as an entrepreneur you get a business account in 1 day, free, with cashback and automated administration. Below, we compare both options side by side for your business.
Account
Dutch IBAN
Extra (virtual) IBANs
Free card
Free customer and company research
Open account / onboarding
Fully digital registration process
Registration time
Processing time KYC/KYB
Costs
Fixed costs p/m (starting price)
Cost per SEPA payment
Cost of additional payment account (IBAN)
Cost of additional payment card
Features
Real-time balance insight
Automated invoice processing
Automatic VAT recognition
Access for accountant / bookkeeper
Accounting integrations
Team card and expenditure management
International
Currency exchange at mid rate
Countries available
Currencies available
Security & Support
Deposit guarantee (covered up to)
24/7 telephone support
Multilingual customer support
Rewards
Cashback on card transactions
Unlimited
3 minutes
1 day
€0
€0.12
Free with Unlimited
Free
At cost
150+
20+
€100,000
Unlimited up to 1.0%
❌
15 minutes
Up to 8 weeks
€12.50
€0.10
Not possible
€20 per year per pass
✅
✅
1% fee + €0.07 per transaction
Limited to Europe
Restricted, no complete list published
€100,000
Only for card blocking
❌
Deze vergelijking is gebaseerd op openbaar beschikbare informatie per 14 juli 2025. Prijzen, functies en voorwaarden kunnen wijzigen. Raadpleeg altijd de website van de aanbieder voor de meest actuele informatie.
More than just a payment account
Useful features
Everything you need to manage your finances as a business owner wisely — from payments to insights.
FAQ
Frequently asked questions
Discover answers to frequently asked questions about our products and services.
What are the main differences between GoDutch and Triodos Bank for Dutch entrepreneurs?
The main differences between GoDutch and Triodos Bank lie in the cost level, onboarding speed, the range of features and positioning. GoDutch is a digital provider of business accounts with a Dutch IBAN, four packages from €0 to €49 per month and onboarding within three hours. Triodos Bank is an established Dutch bank with a sustainability-focused positioning, a minimum fee of €12.50 per month and onboarding that can take up to six weeks.
At feature level, GoDutch offers automatic invoice processing, automatic VAT recognition, team cards, unlimited cashback of up to 1% and unlimited additional (virtual) IBANs. Triodos Bank does not offer these functions within Business Internet Banking: no automatic invoice processing, no VAT recognition, no team cards and no additional IBANs under the same subscription. Accounting links and accountant access are available with both providers.
In terms of positioning, Triodos Bank primarily targets entrepreneurs for whom sustainable banking is a matter of principle, with financing exclusively in sustainable sectors and published investments. GoDutch targets entrepreneurs who value speed, low costs, automation and cashback, without claiming a specific sustainability proposition. For Dutch SMEs that prioritise day-to-day operations and business growth, GoDutch offers a broader package; for entrepreneurs who see sustainability as a core argument, Triodos Bank remains a logical consideration. More factual information about the Triodos Bank business account is available on a separate review page.
How sustainable is GoDutch compared with Triodos Bank?
Triodos Bank is internationally known for its sustainability positioning: the bank finances only sustainable, social and cultural projects and publishes an annual overview of all financing. For entrepreneurs who see the sustainable nature of their banking relationship as a matter of principle, that is a structural advantage. GoDutch does not position itself with a comparable sustainability proposition, but operates with a fully digital structure: no physical branches, no paper statements and recycled plastic for the physical Mastercard.
The practical difference depends on what is decisive for you. Triodos Bank offers certainty that your balance is redeployed through sustainable projects and publishes credit portfolio details by sector. At GoDutch the sustainability claim is more limited: the advantage lies in the operational footprint (digital onboarding, no branches, virtual cards as standard), not in a guaranteed sustainable reinvestment of your balance. For foundations, social enterprises or sustainable start-ups that need to justify their choice of bank to donors or shareholders, Triodos Bank may be more suitable.
For entrepreneurs for whom sustainability is relevant but not decisive, GoDutch offers a trade-off between costs, speed, automation and cashback on the one hand, and sustainable reinvestment on the other. A self-employed professional who accepts €150 a year in banking fees and €240 in missed cashback at Triodos (calculation example based on average spending) can weigh this against the value that sustainable banking represents to them personally. It is a choice between practical advantage and principled positioning, both legitimate.
Is my money at Triodos Bank protected in the same way as with GoDutch?
Both providers offer protection of up to €100,000 per account holder via a deposit guarantee scheme. Triodos Bank falls under the Dutch deposit guarantee scheme administered by De Nederlandsche Bank. With GoDutch, your balance of up to €100,000 falls under the deposit guarantee scheme via GoDutch’s regulated financial partner in the European Union, with the same level of coverage.
The practical difference is limited: in both cases your balance of up to €100,000 is protected in the event of the institution’s insolvency. The legal difference lies in the supervisory structure and the implementing body, but the coverage amount of €100,000 is guaranteed in both cases. For entrepreneurs who regularly leave large amounts in the business account, it is wise to spread balances above €100,000 across multiple accounts, regardless of the provider.
For entrepreneurs who primarily use their account for daily transactional banking with balances below the €100,000 threshold, the difference in the protection regime is not felt in practice. The difference that is noticeable does lie in all other aspects of the product: fixed costs, onboarding speed, automation, team functionality and cashback. On those points, GoDutch offers a service that Triodos Bank does not match within Business Internet Banking.
How long does it take to open an account with Triodos Bank compared with GoDutch?
At GoDutch, your account is operational within three hours of the digital application; registration takes three minutes and KYC processing is completed within one working day. At Triodos Bank, opening a business account usually takes two to six weeks, depending on the complexity of your business, the documentation provided and any additional compliance questions. For entrepreneurs who want to be able to invoice or make payments immediately, that difference is fundamental.
At Triodos Bank, the process is partly manual. You complete the online application form (around 15 minutes), submit an extract from the Chamber of Commerce register, ID and additional business documents, and wait for manual verification by the Triodos compliance team. For private limited companies with multiple directors, holdings or foundations, this process can take longer, because additional documents are requested. Only once it has been approved is the account activated and can you receive or make payments.
At GoDutch, KYC is fully automated via passport or driving licence identification in front of the camera, followed by automatic verification within three hours. The Dutch IBAN and virtual Mastercard are active immediately afterwards, and the physical card follows free of charge by post from the Starter package. For entrepreneurs who want to get started straight away or who want to switch in parallel, the difference in onboarding time means the difference between doing business the same day or waiting six weeks for your account.
How much does a Triodos business account cost compared with GoDutch?
Triodos Bank charges for Internet Banking for Business a starting price of €12.50 per month, plus €0.10 per SEPA payment and a variable fee of €0 to €20 per month for customer and business due diligence. An extra debit card costs €20 per year and an extra IBAN on the same subscription is not possible. GoDutch starts from €0 per month on the Free package with a fixed SEPA rate of €0.12 per transaction, free customer and business due diligence, a free physical card from Starter and unlimited extra (virtual) IBANs.
For an entrepreneur with low transaction volume, the cost difference already looks large at package level: GoDutch Free €0 per month versus Triodos €12.50 per month means an annual difference of €150 for the basic account, excluding customer and business due diligence costs at Triodos. At 100 SEPA payments per year, you pay €12 in transaction costs with GoDutch, €10 with Triodos. On a transaction level, Triodos is therefore marginally cheaper, but the fixed-cost difference outweighs it for virtually every usage profile.
Then there is the cashback difference. GoDutch pays up to 1% cashback on all card spending; Triodos Bank offers no cashback. For an entrepreneur with €3,000 in monthly card spending, that means a €360 difference per year in GoDutch's favour on the Pro package. In the overall cost comparison, GoDutch remains the more favourable choice for the majority of Dutch entrepreneurs. The full fee structure is on the GoDutch fee structure.
Which cashback does GoDutch offer compared with Triodos Bank?
GoDutch offers unlimited cashback of up to 1% on all card spending, increasing by package: 0% on Free, 0.1% on Starter, 0.4% on Pro and 1% on Unlimited, with no upper limit. Triodos Bank offers no cashback on business card spending; there is no card rewards programme within Internet Banking Business or with the Triodos business debit card.
In practice: an entrepreneur with €4,000 in monthly card spending via GoDutch Unlimited earns €480 cashback per year (1% × €48,000). The same entrepreneur at Triodos Bank receives €0 cashback, regardless of spending volume or the number of cards. For SMEs with multiple spending employees, the difference is substantial: at €10,000 in monthly card spending across the whole team, GoDutch Unlimited delivers €1,200 cashback per year.
For a BV or holding company where a lot of business spending goes through the card (software, hardware, travel costs, online advertising), cashback alone offsets a significant part of the subscription costs. At Triodos Bank, card use remains purely transactional without reward. The structural cashback difference clearly works in GoDutch’s favour on an annual basis, especially for entrepreneurs with outgoing card spending above €1,000 per month. More about the GoDutch cashback is on a separate page.
What automations does GoDutch offer compared with Triodos Bank?
GoDutch offers a set of automations specifically suited to Dutch accounting practice: automatic invoice processing, automatic VAT recognition, direct links with Dutch accounting packages, team cards and integrated expense management. Triodos Bank offers no automatic invoice processing and no automatic VAT recognition in Internet Banking Business; accounting integrations and accountant access are available.
The automations that GoDutch offers as standard where Triodos Bank falls short:
Automatic invoice processing: incoming invoices are recognised by GoDutch and prepared for approval; with Triodos Bank this has to be done manually
Automatic VAT recognition: GoDutch recognises the VAT amount on transactions for your administration; Triodos Bank does not offer this feature
Team cards with expense management: separate cards for employees with their own limits and real-time overview; with Triodos Bank, expense management per employee is not available
Unlimited extra (virtual) IBANs: separate IBANs per project, client or purpose within one subscription; with Triodos Bank, an extra IBAN is not possible within Internet Banking Business
Real-time balance and cash flow insight: built-in dashboard including cashback overview and expense categorisation
For entrepreneurs who want to automate their Dutch administration without using external tools, GoDutch offers a broader and more modern platform. Triodos Bank excels in sustainability positioning, but lacks the automation around invoices, VAT and team expenses that saves time in day-to-day operations. A complete overview can be found on the page with the GoDutch integrations for administration.
How does GoDutch’s customer service differ from that of Triodos Bank?
GoDutch is accessible 24/7 via chat, e-mail and telephone through its own staff, in both Dutch and English. Triodos Bank offers customer service in Dutch via telephone and e-mail during office hours, with 24/7 telephone support exclusively for emergencies (blocked card or fraud). Multilingual support at Triodos Bank is limited to Dutch.
At Triodos Bank, standard contact on working days runs from 08:00 to 18:00 by telephone, with e-mail response times ranging from a few hours to working days for more complex questions. For entrepreneurs with day-to-day questions outside office hours or at the weekend (a failed payment on Friday evening, a question about year-end closing at the weekend), that is a noticeable difference. A Triodos customer has to wait until the next working day for a non-urgent question.
GoDutch combines digital ease of use with traditional accessibility in Dutch, 24 hours a day and seven days a week. Pro- and Unlimited customers receive priority support, and Unlimited customers also get a dedicated account manager. For entrepreneurs who work to an irregular rhythm (evening-/weekend entrepreneurs, internationally operating businesses), GoDutch fits the real working hours of Dutch entrepreneurship better.
Which legal forms does Triodos Bank accept in relation to GoDutch?
Triodos Bank accepts sole traders, private limited companies (BV), public limited companies (NV), general partnerships (VOF), foundations, associations and apartment owners’ associations (VvE) via Business Internet Banking, with additional verification depending on the legal form and sector. GoDutch accepts the same legal forms plus holding companies and cooperatives, and also applies a 0% VAT rate to the subscription for non-profit legal forms (foundations, associations, apartment owners’ associations (VvE)).
For the boards of non-profit organisations, GoDutch offers practical advantages. A foundation via GoDutch falls under the 0% VAT regime, whereas Triodos Bank applies standard VAT rates to transaction fees and the subscription. On an annual basis, this is a structurally measurable difference, especially for foundations with limited budgets that want to spend every euro on their mission.
Additionally, GoDutch offers dedicated functionality for specific legal forms, such as self-service for changes to board members for the GoDutch owners’ association account and equal shared access for both partners in the GoDutch general partnership account. At Triodos Bank, a board change is handled via manual documents and additional verification, which regularly leads to delays of several weeks. For associations and apartment owners’ associations with regular board changes, self-service at GoDutch is a structurally practical advantage.
How international is Triodos Bank compared with GoDutch?
Triodos Bank offers international payments primarily within the Eurozone, with an exchange rate markup of 1% plus €0.02 per transaction for currency conversions. The currency list is limited and not fully publicly published. GoDutch supports 20+ currencies in 60+ outgoing countries and 150+ incoming countries, at the official mid-market rate without markup, plus SWIFT, ACH and Fedwire support.
For entrepreneurs who work internationally on a structural basis (a software company with dollar customers, a trading company with Asian suppliers or a service provider with customers outside Europe), Triodos Bank in practice offers insufficient reach. A payment to the United States, the United Kingdom or Asia at Triodos Bank is usually routed via correspondent banking relationships with variable costs and long processing times, whereas GoDutch supports direct SWIFT and local payment rails at a transparent mid-market rate.
GoDutch's mid-market model without a margin and the broader geographic coverage (150+ countries for incoming payments) makes the platform more attractive for entrepreneurs who work internationally but primarily have Dutch operations. For holdings with foreign operating companies or self-employed professionals invoicing globally, the combination of a Dutch IBAN, broad country coverage and cashback offers structurally more flexibility than Triodos Bank's Eurozone-oriented offering. More about international payments via GoDutch is on a dedicated page.
Which accounting integrations does Triodos Bank offer compared with GoDutch?
Triodos Bank offers accounting integrations with common Dutch packages such as Exact, Twinfield and Moneybird via PSD2 integrations and the Triodos Internet Banking Business API. GoDutch offers direct API integrations with 25+ Dutch accounting packages including Moneybird, e-Boekhouden, Exact, Visma, Asperion and DigiBTW, with real-time synchronisation and automatic VAT recognition.
The difference lies not in the number of integrations, but in the depth and automation. With Triodos Bank, the bank link synchronises transactions with your accounting package; categorisation and VAT allocation then have to be done by you or via your accountant. With GoDutch, the system automatically recognises the VAT amount on outgoing and incoming payments, categorises transactions based on the supplier name and links invoices to payments.
For sole traders and small business owners who want to streamline their administration without manually classifying every transaction, a ZZP account with GoDutch offers direct value through this integrated approach. For SMEs with enterprise tools such as Exact or Visma, the same real-time synchronisation works, while Triodos Bank usually provides the basic connection without the automated enrichment. The structural time saving amounts to hours per month for accountancy firms and in-house finance teams.
What is the difference in team management and expenditure between GoDutch and Triodos Bank?
GoDutch offers extra users (free from Starter), team cards with their own limits on Pro and Unlimited, virtual Mastercards for one-off subscriptions and the option to let your accountant or bookkeeper look in for free. Triodos Bank does not offer team cards or integrated expense management per employee in Internet Banking Business; extra debit cards cost €20 per year each without separate limits or a dashboard.
In practice: an SME business owner with four employees can, with GoDutch on Pro, request a separate team card for each employee with individual spending limits, automatic categorisation and real-time insight for the owner. The bookkeeper gets a separate role to look in without any execution powers. With Triodos Bank, you pay €80 per year in extra card fees for those same four cards, without spending limits per employee, without real-time categorisation and without an integrated team dashboard.
For growing SME businesses with staff, a regular bookkeeper or several projects running alongside each other, this difference is structural. It not only saves time on administration, but also prevents employees from advancing money privately and having to claim it back. Read more about GoDutch's expense management with team cards and real-time insight on a dedicated page.
Switching from Triodos Bank to GoDutch?
Switching from Triodos Bank to GoDutch can be arranged in four steps. You will have an operational account with GoDutch within one working day and only close your Triodos account as the final step, so you can switch over calmly without missed payments.
Step-by-step plan for the switch:
Open your account with GoDutch: complete the online application (three minutes), identify yourself with a passport or driving licence and wait for KYC processing (three hours). Your Dutch IBAN and virtual Mastercard are active immediately afterwards, and your balance is covered by the deposit guarantee scheme up to €100,000.
Inform contacts of your new IBAN: send customers and suppliers a short email with your new Dutch account number. In the GoDutch app, download an account statement with your IBAN for your records. Update your invoices, email signature and website.
Move direct debits and subscriptions: adjust recurring payments with energy providers, software subscriptions, suppliers and periodic invoices. For business accounts you cannot use the Switching Service of Betaalvereniging Nederland; you must adjust each direct debit yourself with the relevant party.
Close your Triodos business account: transfer the remaining balance to GoDutch and close your Triodos account via Internet Banking Business or by written instruction. A complete guide to closing your Triodos business account will walk you through this process.
Keep both accounts running in parallel for the first month, so that any forgotten direct debits are not rejected. If you have questions during the switch, GoDutch support will help you 24/7 by phone, something that at Triodos Bank is available only during office hours. Ready to switch to a provider with fast onboarding, lower fixed costs, unlimited cashback and 24/7 Dutch-language support? You can open a GoDutch business account straight away and get started today.
