Brand New Day Bank N.V.

Brand New Day Bank N.V. is a Dutch online bank that focuses on straightforward savings and investment-linked pension products for retail customers in the Netherlands. It offers a variable-rate savings account and fixed-term deposits with different maturities, alongside investment and third-pillar pension accounts that invest in broadly diversified index funds via its affiliated asset management platform. The bank operates digitally via web and mobile app, uses Dutch identification methods for onboarding, provides an NL IBAN, and does not offer payment cards, current accounts, or cash services; transfers typically run to and from a verified linked external account. Brand New Day Bank N.V. holds a Dutch banking license and is supervised by De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM). Cash savings and term deposits are covered by the Dutch Deposit Guarantee Scheme up to €100,000 per person per bank (higher for certain temporary balances and €200,000 for joint accounts), while invested assets are not covered by the deposit guarantee; those assets are normally held in segregated custody, and the Dutch Investor Compensation Scheme may apply under specific conditions up to €20,000. Interest rates, fees, and fund costs are published by the provider and can change; early withdrawal from term deposits is generally restricted or penalized, and investment and pension balances are subject to market risk and regulatory rules for Dutch tax-advantaged accounts. The bank supplies account and annual tax statements and offers customer support through standard remote channels during business hours.