LeasePlan Bank

LeasePlan Bank is an online savings provider that focuses on straightforward deposit products rather than day-to-day banking. It operates under the Dutch banking license of LeasePlan Corporation N.V., which is supervised by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets, and deposits are covered by the Dutch Deposit Guarantee Scheme up to €100,000 per person, per bank (coverage is aggregated across trade names of the same licensed entity). The bank typically offers an easy-access savings account with a variable rate and fixed-term deposits with guaranteed rates for predefined maturities; early withdrawal from term deposits is generally not allowed, and minimum deposit amounts apply on fixed terms. It runs dedicated offerings for residents in the Netherlands and Germany, with eligibility limited by local residency, age, identification, and a SEPA-linked payment account; U.S. persons and certain other tax residencies may be excluded. Account opening and servicing are fully digital via web and mobile app, with two-factor authentication and secure messaging; there are usually no ongoing account maintenance fees, and SEPA transfers to and from a nominated external account are standard. Interest on easy-access balances accrues daily and is credited periodically, while term-deposit interest is credited at maturity or annually depending on the product’s conditions; published rates change and can be revised for variable products. For tax, interest for Dutch-resident customers is paid gross and must be declared according to local rules; for German-resident customers, capital income withholding may apply unless an exemption or non-assessment certificate is on file. Customer support is available during business hours via phone and email in the relevant market language. LeasePlan Bank uses retail deposits to help fund the group’s core vehicle leasing activities, so savers should note the product scope is limited to savings and term deposits, rate levels are not fixed for variable accounts, and deposit insurance limits cap covered balances.