In The Netherlands we have an online verification tool which is called iDIN this means literally Identificate(iDentificeren) and log in (INloggen).
This tools helps Dutch people to log in through a secured bank log in to get access to their Credithistory (BKR), some insurance companies and employers and other places.
A few years ago this was something very rare to see, but currently more companies and insurances start to support this verification method to give access and it would be great if Revolut offers this too to make Dutch consumers able to switch fully to without the need of a second bank to keep next to it so people can fully use Revolut.
I do believe that this tool is more important then supporting local IBANS here in The Netherlands.
As we passed some time and it is likely that Dutch IBAN’s are coming, I was wondering if there is some update on iDIN as this is a major identification tool which is similar to the iDeal system.
@Youssf Thank you for your inquiry. While we don’t have specific updates to share at the moment, we are continuously working on expanding our services and improving the user experience.
This might be good, but any banks like ING or ABN Amro, Rabobank, etc are just bad for not letting you use Creditcard (Visa or Mastercard) because you can’t buy any stuff or item outside the country. So that is why we decided to use Paypal and now Revolut also allows you to create a virtual or physical card, it’s great to see that!
Also, any Dutch bank tries to take your money like 5 or 1 Euro in some months, it’s really not worth too
iDin is a identification method in The Netherlands which is supported by some banks that allow you to log in safely with your banking details allowing the company/organization where you need to log in to see that it is you that is logging in to see your personal data or account.
That being said I don’t see the link between iDin and banks that do not allow you to use a creditcard as ABN, ING and Rabobank do offer creditcards which you can sign up for if you meet the requirements to obtain a creditcard which is depending on the bank either a MasterCard or Visa branded one.
Revolut Ltd (No. 08804411) is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 900562)..
Registered address: 7 Westferry Circus, Canary Wharf, London, England, E14 4HD.
Insurance related-products are provided by Revolut Travel Ltd which is authorised by the Financial Conduct Authority to undertake insurance distribution activities (FCA No: 780586) and by Revolut Ltd, an Appointed Representative of Revolut Travel Ltd in relation to insurance distribution activities. Revolut Ltd is an Appointed Representative of Lending Works Ltd for the activity of “operating an electronic system for lending”. Trading and investment services are provided by Revolut Trading Ltd (No. 832790). Revolut Trading Ltd is an appointed representative of Sapia Partners LLP (No 550103) which is authorised and regulated by the Financial Conduct Authority. Revolut Trading Ltd is a wholly owned subsidiary of Revolut Ltd.