Knab review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Knab serves business owners and freelancers in the Netherlands with a euro current account and an easy-access savings pot, deposits covered to EU DGS up to EUR 100,000. The trade-off is cost: a monthly fee of €6 plus a 1.4% conversion fee sit above free alternatives.
Key facts
- Best for
- Euro business and freelancer banking in the Netherlands that wants a savings pot attached.
- Monthly fee
- €6↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currency conversion fee
- 1.4%↗
- Free ATM withdrawals
- €0↗
- Transfer fee
- EUR 0 for euro transfers within SEPA; EUR 15 for transfers in foreign currency or to countries outside the EEA, plus 0.1% exchange margin outside the EEA↗
- Legal entity
- BAWAG AG Branch Netherlands↗
- Headquarters
- Austria↗
- Founded
- 2012↗
- Support channels
- Chat, Phone, Help-centre↗
- Audience
- Business, Freelancers
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals, Joint account
- Official website
- knab.nl
Savings
- Headline rate
- 1.25%↗
- Rate type
- Variable↗
- Access terms
- Free with a Knab private or joint current account; deposit and withdraw at any time, interest paid quarterly↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Balances are backed by EU DGS up to EUR 100,000.
- The savings account is easy access, with interest paid quarterly and money available at any time.
- Included extras, free atm and joint account, cover free cash withdrawals and a joint account.
- Supervised in the Netherlands by the ECB/DNB and AFM, and run as BAWAG AG Branch Netherlands from Austria.
Cons
- A monthly fee of €6 sits well above Plazo ES at €0 and Skrill at €0.
- The 1.4% conversion fee places it 192 of 312 on cost.
- Support runs on chat, phone and help centre only.
Who it suits
- Business owners and freelancers in the Netherlands, the audiences Knab is built for, with the euro current account and business and freelancer focus.
- Anyone parking euro savings who can leave the balance in place while a variable rate moves and interest is paid quarterly.
- Solo traders who want free cash withdrawals and a joint account, free atm and joint account, from the same provider.
Who should look elsewhere
- Plazo ES and Skrill, for anyone put off by a monthly fee of €6 when both charge €0 and €0.
- PayPal Colombia, for frequent currency conversion, since the 1.4% fee here applies on top of the account charge.
Rates and card terms
The savings side pays a headline rate of 1.25%, and the rate type is variable, so the return is set by policy moves and can rise or fall over time. A variable rate also means nothing is locked for a term, and the headline figure shown is the rate at that moment, not a promise for the full period.
Fees and FX
The monthly fee is €6 and the currency conversion fee is 1.4%. Euro transfers within SEPA are free, while transfers in foreign currency or to countries outside the EEA carry a flat charge, plus an exchange margin on payments outside the EEA. Paying and receiving in euros leaves the monthly fee as the main cost, while converting on the side adds exchange charges on top of it.
How Knab compares
8.6 vs 8.7
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8.6 vs 9.0A monthly fee of €0 against €6 at Knab, which pairs a current account with an easy access savings pot.
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Where Knab is available
- Available
- Netherlands
- Licence in Netherlands
- ECB/DNB and AFM, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does Knab cost each month?+
Knab charges a monthly fee of €6 for the current account that comes with the savings side. By comparison, Plazo ES lists €0 a month and Skrill lists €0, so Knab is the costlier of the three on a monthly basis.
What interest does the Knab savings account pay?+
The headline rate is 1.25% and the rate type is variable, which means the return follows the market rather than staying fixed for a term. Interest is paid quarterly, and the account is easy access, so savings can be moved without serving notice.
Is my money protected?+
Deposits sit under EU DGS up to EUR 100,000, the EU deposit guarantee scheme, so euro balances are covered to that ceiling. Knab is supervised in the Netherlands by the ECB/DNB and AFM, and the account is operated as BAWAG AG Branch Netherlands.
Can I withdraw my savings whenever I want?+
Yes. The savings account is easy access, so money goes in and out whenever you like, and the interest is credited quarterly. Holding it alongside a Knab current account costs nothing extra, whether the current account is a private one or a joint one.
What does it cost to convert currency?+
The currency conversion fee is 1.4%. Euro transfers within SEPA are free, while transfers in foreign currency or to countries outside the EEA carry a flat charge, and an exchange margin is added to payments going outside the EEA.
Who runs Knab and who regulates it?+
Knab trades as BAWAG AG Branch Netherlands, a branch of an Austrian bank, and has been running since 2012. Supervision in the Netherlands sits with the ECB/DNB and AFM, and euro balances sit under EU DGS up to EUR 100,000, so a provider failure does not mean losing the savings.
Does Knab charge for cash withdrawals?+
Cash machine withdrawals cost nothing, and the included extras, free atm and joint account, cover free cash withdrawals and a joint account option. Support runs on chat, phone and help centre, so help comes by phone, by chat and through a self-serve help centre.
Who is Knab aimed at?+
Knab is built for business and freelancer, so business owners and freelancers in the Netherlands are the core users. The euro current account comes with an easy access savings pot, and a joint account is among the features, which suits a shared household balance.
Sources
- knab.nl/contact checked September 26, 2026
Backs: Support channels
- knab.nl/particulier/rente-tarieven checked September 26, 2026
Backs: Free ATM withdrawals, Features, Currency conversion fee, Monthly fee, Transfer fee
“Betalen en opname van contant geld in eurolanden Gratis; Gezamenlijke rekening (twee rekeninghouders) € 7 per maand”
- knab.nl/particulier/sparen/flexibel-sparen checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Pricing model, Rate type
- knab.nl/wat-is-knab checked September 26, 2026
Backs: Audience, Deposit protection, Founded, Legal entity, Licences
“In 2012 begonnen we als klantgerichte bank voor álle Nederlanders”
- knab.nl/wat-is-knab/depositogarantie checked September 26, 2026
Backs: Headquarters
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currencies.
Related by the facts
Guides
Knab
Euro business and freelancer banking in the Netherlands that wants a savings pot attached.