Netherlands
activeNeobank
- HQ
- Amsterdam
- Fee
- Paid plans (Easy Savings / Easy Bank / Easy Green / Easy Money)
Knab
BAWAG AG Dutch branch since 29 Nov 2025. Austrian ESA €100k. Not Dutch DGS. Not an EMI.
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7.0Solid
AlternativesFive questions
At a glance
Is it a bank?
No. Knab is not a bank. Your money sits with BAWAG AG (Dutch branch, trading as Knab).
If it fails?
Austrian ESA (Einlagensicherung Austria) up to €100,000 per depositor per credit institution. Knab is BAWAG AG’s Dutch branch — not a Dutch DGS bank. Shared cap with other BAWAG AG deposits.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Account packs — confirm live
Account number
IBAN is part of the pitch — issuing country not stored.
NeoBankDB Verdict
Licence first · score second
7.0
/10 · Solid
Knab is no longer Knab N.V. S&P: on 29 November 2025 the merger completed and Knab became BAWAG AG’s passported branch in the Netherlands. Eligible deposits sit under Austrian ESA up to €100,000, not the Dutch DGS. bunq is still a Dutch bank with Dutch DGS. This is an Austrian bank in Dutch kit. A Dutch IBAN here is a BAWAG IBAN. Do not double-count the cap with other BAWAG pots.
What it is
Launched 2012 as Aegon’s answer to the crisis. ASR inherited it. BAWAG bought the shares in November 2024 and folded the licence in 2025. Amsterdam shop-front, Vienna scheme. Directories still say Aegon Bank and Dutch DGS. This desk writes the branch and the ESA footnote.
Best for: Netherlands residents and ZZP who want a bank IBAN and already understand the scheme sits in Vienna, not Amsterdam.
Last checked 2026-08-30. Not advice.
What it does well
- +Named credit institution (BAWAG AG)
- +ESA €100k
- +ZZP-friendly history
- +Not an EMI
What to watch
- −Scheme is Austrian ESA, not Dutch DGS
- −Shared cap with other BAWAG deposits
- −Pack fees
- −Not a travel FX champion
Who holds the money
The account
- Platforms
- iOS · Android · Web
- Account types
- Personal · ZZP business
- Partner bank
- BAWAG AG (Dutch branch, trading as Knab)
- Minimum balance
- €0
- Lowest monthly fee
- Account packs — confirm live
- Who can open
- Netherlands residents and ZZP
- Availability
- Netherlands
How money actually moves
- Who holds the cash
- Issued / held via BAWAG AG (Dutch branch, trading as Knab)
- How money moves
- IBAN / SEPA
- Built for
- Personal · Business
- Settlement
- Local rails instant where live; SWIFT slower
- Freeze risk
- Fintech reviews can pause inbound while they check a transfer
- Card
- Knab lists a physical card and a virtual card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Austrian ESA (Einlagensicherung Austria) up to €100,000 per depositor per credit institution. Knab is BAWAG AG’s Dutch branch — not a Dutch DGS bank. Shared cap with other BAWAG AG deposits.
Who holds the money: BAWAG AG (Dutch branch, trading as Knab)
- ECB / FMA / DNB (host)Passported Dutch branch of BAWAG AG (Austria). Knab N.V. merged in on 29 Nov 2025 · Netherlands / Austria
Fees
- Monthly
- Account packs — confirm live
- FX markup
- Bank tariff
- ATM
- Network schedule
- Interest
- Savings SKUs — rates move
Features
- ✓IBAN
- –Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- ✓Business
- –Kids
- –Halal
- Dutch IBAN
- Personal + ZZP business
- ESA Austria via BAWAG AG
- Not Dutch DGS
- App + web
Score
- Safety25%
- 8.2
- Fees20%
- 7.2
- Features15%
- 7.2
- App15%
- 7.8
- Global15%
- 3.6
- Support10%
- 7.0
Change log
Full logLicence
Merged into BAWAG AG as Dutch passported branch
Austrian ESA €100k, not Dutch DGS. S&P: merger completed 29 Nov 2025. Shared BAWAG cap.
Available in
Straight answers
FAQ
01Is Knab a bank?
Knab is not a licensed deposit-taker in the classic sense. Money, if any, sits with BAWAG AG (Dutch branch, trading as Knab).
02How is money protected?
Austrian ESA (Einlagensicherung Austria) up to €100,000 per depositor per credit institution. Knab is BAWAG AG’s Dutch branch — not a Dutch DGS bank. Shared cap with other BAWAG AG deposits.
03Where is Knab available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with Knab.
04Card and wallets?
Knab lists a physical card and a virtual card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open Knab remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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