GoDutch
Rabobank
Business Account
Dutch IBAN
✅
✅
Extra (virtual) IBANs
Unlimited
Possibly for a fee (€63.60/year)
Free virtual card
✅
❌
Free physical card
✅
✅
Free customer and company research
✅
Up to £24 per month
Open account / onboarding
Fully digital registration process
✅
✅
Registration time
3 minutes
10 minutes
Processing time KYC/KYB
3 hours
Multiple working days to weeks
Costs
Fixed costs p/m (starting price)
£0
£9.95
Cost per SEPA payment
€0.12
£0.12–0.15
Cost of additional payment account (IBAN)
Free
£63.60 per year per account
Cost of additional payment card
Free
£19.80 per year per pass
Features
Real-time balance insight
✅
✅
Automated invoice processing
✅
❌
Automatic VAT recognition
✅
Limited, via 'paid software'
Access for accountant / bookkeeper
✅
Depending on the package
Accounting integrations
✅
For a fee
Team card and expenditure management
✅
❌
International
Currency exchange at mid rate
At cost
~1.4% increase
Countries available
150+
Only the Netherlands
Currencies available
20+
Only EUR)
Security & Support
Deposit guarantee (covered up to)
£100,000
£100,000
24/7 telephone emergency support
✅
Only in emergencies
Multilingual customer support
✅
Primarily Dutch-speaking
Rewards
Cashback on card transactions
Unlimited up to 1.0%
❌
This comparison is based on publicly available information as of 14 July 2025. Prices, features, and terms may change. Always check the provider's website for the most up-to-date information.
Why choose GoDutch?
The comparison clearly shows that GoDutch is more attractive than the standard business account of Rabobank on several essential points, particularly for entrepreneurs who value speed, digital functionalities, and cost control.
Onboarding
The registration and verification process at GoDutch is significantly faster: within 3 hours of signing up, you receive a working IBAN and a payment card. At Rabobank, this usually takes several working days, and sometimes even weeks, partly due to manual KYC checks and physical dispatch of payment cards.
Costs
In terms of pricing structure, GoDutch also offers a more transparent and often cheaper alternative. While Rabobank typically charges €9.95 per month, excluding any KYC costs up to €24 per month for limited companies and other legal entities, GoDutch offers a free start package with access to a working IBAN, virtual card, and real-time banking. Additionally, extra payment accounts and payment cards with GoDutch are included at no cost, whereas Rabobank charges €63.60 and €19.80 per item, respectively, on an annual basis.
Functionality
In terms of automation, GoDutch stands out with smart features such as automatic VAT recognition, real-time accounting integrations, and the ability to assign roles and cards to team members. At Rabobank, similar functionalities are only available through external tools and often at additional costs. This includes accounting integrations, invoice processing, or access for an accountant via Business Banking Pro.
International
GoDutch also offers more flexibility internationally. With support for over 160 countries and 20+ currencies, along with currency exchange at mid-market rates, GoDutch is exceptionally suitable for entrepreneurs with international ambitions. In contrast, Rabobank focuses solely on the Dutch market with this package and typically adds a markup of around 1.4% for payments in foreign currency.
Open your business account in 3 minutes
Do you want to open a business account online ? Then open your business account with GoDutch today and take immediate advantage of smart automation, transparent costs, and quick onboarding. You can complete your application fully digitally within 3 minutes, without paperwork or hassle. You will receive your IBAN and payment card within 3 hours, so you can get started right away. Start now and discover how easy business banking can be.