GoDutch
Knab
Business Account
Dutch IBAN
✅
✅
Extra (virtual) IBANs
Unlimited
Max. 5 payment accounts
Free virtual card
✅
1 per account
Free physical card
✅
✅
Free customer and company research
✅
✅
Open account / onboarding
Fully digital registration process
✅
✅
Registration time
3 minutes
5–10 minutes
Processing time KYC/KYB
3 hours
On average 5 working days
Costs
Fixed costs p/m (starting price)
£0
£11
Cost per SEPA payment
€0.12
First 500/year free, then €0.10
Cost of additional payment account (IBAN)
Free
Free
Cost of additional payment card
Free
Free (max. 1 per driver)
Features
Real-time balance insight
✅
✅
Automated invoice processing
✅
Via accounting package (£14 p/m)
Automatic VAT recognition
✅
Via accounting package (£14 p/m)
Access for accountant / bookkeeper
✅
Via accounting package (£14 p/m)
Accounting integrations
✅
£1.50 per month
Team card and expenditure management
✅
❌
International
Currency exchange at mid rate
At cost
1% 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 during office hours
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 6 August 2025. Prices, features, and terms may change. Always consult the provider's website for the most up-to-date information.
Why choose GoDutch?
The comparison makes it clear that GoDutch is more advantageous and efficient for entrepreneurs who value speed, flexibility and automated financial management on several important points. For instance, the registration process at GoDutch is not only fully digital, but also significantly faster: within 3 hours of approval, you will have an active IBAN and payment card, while KNAB typically takes five working days to process KYC/KYB checks.
Costs
In terms of costs, GoDutch also offers a more attractive entry level. There are no fixed monthly fees for the Free package, while KNAB charges €11 per month for a business account for a BV after the starter period of 12 months. Additionally, extra IBANs and payment cards are included at no extra cost with GoDutch, while KNAB has a maximum of five extra payment accounts and does not offer multi-user cards.
Functionality
In terms of functionality, GoDutch is directly equipped with smart automations such as automatic invoice processing, VAT recognition and real-time accounting integrations. At KNAB, these features are only available through an additional accounting package at extra monthly costs. GoDutch also offers extensive options for teams, with separate payment cards, roles, and expense management, which KNAB does not support.
International
Internationally, the difference is equally significant. GoDutch supports payments in more than 20 currencies, and transactions to and from over 160 countries at the mid-market rate without markup. KNAB is limited to euro accounts and charges a 1% currency markup on foreign payments and withdrawals, while the availability for international transactions is more restricted.
Furthermore, GoDutch offers 24/7 telephone support and multilingual customer service, which helps entrepreneurs worldwide to always have access to assistance in their preferred language. In contrast, KNAB offers telephone availability only during office hours and mainly Dutch-speaking support. All in all, GoDutch presents a more attractive and complete alternative than KNAB for many entrepreneurs.
Open your business account in 3 minutes
Want to take advantage of smart automation, transparent costs, and fast service? Open your business account with GoDutch today. The process is fully digital and takes just 3 minutes.
Fill in your details, complete the identification, and receive your IBAN and payment card within 3 hours. This way, you can pay invoices, receive income, and automate your administration immediately, without paperwork or unnecessary delays.