GoDutch
Triodos Bank
Business Account
Dutch IBAN
✅
✅
Extra (virtual) IBANs
Unlimited
❌
Free virtual card
✅
❌
Free physical card
✅
✅
Free customer and company research
✅
£0 - £20 per month
Open account / onboarding
Fully digital registration process
✅
❌
Registration time
3 minutes
15 minutes
Processing time KYC/KYB
3 hours
Up to 8 weeks
Costs
Fixed costs p/m (starting price)
£0
£12.50
Cost per SEPA payment
€0.12
£0.10
Cost of additional payment account (IBAN)
Free
Not possible
Cost of additional payment card
Free
£20 per year per pass
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
At cost
1% fee + €0.07 per transaction
Countries available
150+
Limited to Europe
Currencies available
20+
Restricted, no complete list published
Security & Support
Deposit guarantee (covered up to)
£100,000
£100,000
24/7 telephone emergency support
✅
Only for card blocking
Multilingual customer support
✅
❌
Rewards
Cashback on card transactions
Unlimited up to 1.0%
❌
This comparison is based on publicly available information as of 9 October 2025. Prices, features and conditions may change. Always check the provider's website for the most up-to-date information.
Why choose GoDutch?
Based on the comparison between the business account of Triodos Bank and that of GoDutch, it appears that GoDutch is a more attractive alternative for many entrepreneurs, particularly in terms of onboarding, costs, and smart functionalities. Below, we highlight the main advantages.
Speed
First and foremost, GoDutch excels in speed. While it can often take multiple working days and sometimes even weeks for your business account at Triodos Bank to be fully activated, GoDutch offers a completely digital onboarding process whereby you can have an active Dutch IBAN and debit card within three hours. For entrepreneurs who want to start immediately, this is a clear advantage.
Transparency
In terms of pricing structure, GoDutch is also more transparent and cost-effective. The basic account is completely free, including a virtual card, real-time balance insight, and access for your accountant. In contrast, at Triodos Bank, you pay at least €9.90 per month in fixed costs, plus extra for SEPA transactions and additional fees for extra accounts and debit cards.
Flexibility
Finally, GoDutch offers more flexibility for internationally operating entrepreneurs. With support for more than 160 countries, transactions in over 20 currencies, and currency exchange at the mid-market rate, GoDutch sets itself apart from Triodos Bank, which only supports euros as standard and charges currency conversion markups.
Open your business account in 3 minutes
Do you want to immediately benefit from smart features, transparent costs, and maximum speed? Open a smart business account with GoDutch today. The entire registration process is digital and takes just three minutes. After signing up, you will receive your IBAN and payment card within three hours, so you can start paying, invoicing, and collaborating right away. Start with GoDutch today and discover how easy business banking can be.