LeasePlan Bank

LeasePlan Bank is a Dutch online savings bank launched in 2010 that offers variable-rate savings accounts and fixed-term deposits to retail customers through a web platform and mobile app. It operates under a Dutch banking license and is supervised by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets; eligible deposits are covered by the Dutch Deposit Guarantee Scheme up to €100,000 per person per bank (joint accounts up to €200,000), with statutory payout timelines. The proposition is savings-only: no current accounts, cards, cash handling, or credit facilities. Accounts are opened and managed digitally with strong customer authentication; funding and withdrawals typically occur via SEPA transfers to and from a designated reference account in the customer’s name, and third-party payments are not supported. The variable-rate savings account rate can be changed by the bank and interest is accrued daily; fixed-term deposits pay a pre-agreed rate for maturities that commonly range from a few months to several years, and early access is generally not available. Standard retail accounts do not carry a monthly maintenance fee, though charges can apply for specific services as set out in the tariff schedule. Eligibility focuses on private individuals who pass identity and source-of-funds checks; local residency and a compatible payment account are usually required, and availability outside the Netherlands may be restricted. Customer support is provided in Dutch and English by phone and email during business hours. Key constraints are the deposit guarantee limit per customer, the illiquidity of term deposits, and the potential for rate changes on flexible savings. Product terms, rates, and limits can change; applicants should review the current conditions on the bank’s website before opening an account.