Brexit: what clients need to know

The Brexit deadline is 29 March. But what changes does a deal or no-deal Brexit actually entail for savers, investors and entrepreneurs? We've made an overview with some handy links (in Dutch only, with two exceptions).

As a retail client of the bank, you don't really have to worry about what happens after 29 March. Even in the event of a no-deal Brexit, you can continue to transfer or withdraw money just like before. But you may have to start paying tariffs on certain products, for example those from British web shops. Read all the details about post-Brexit payments here. Clients who are saving or investing in the United Kingdom may have to deal with some additional changes, which are listed here.

Entrepreneurs will be facing much greater challenges, especially those who do business directly with the United Kingdom. Our sector economist Loek Caris has made a concise overview of everything you need to know, listed in thirteen concrete tips. He also wrote about import duties in the event of a no-deal Brexit. If you haven't made your preparations yet, it's best to get going as soon as possible! Although some entrepreneurs believe they'll benefit from the Brexit, the supporting research is dated by several months.

Banks well-prepared

Fortunately, the Dutch banking sector is all set for the Brexit. All banks have taken measures to ensure their services will continue to run smoothly even in the case of a no-deal Brexit. And the Dutch Banking Association has created a bank-wide information platform in addition to a handy Brexit overview page for entrepreneurs. Click here​ (PDF 800 KB) to read in-depth information about how ABN AMRO is planning for Brexit.

Last but not least, the Dutch central government maintains an up-to-date overview of the potential consequences of the Brexit on a personal level: from living and studying in the United Kingdom to traveling abroad after 29 March.