Dutch banks will advise consumers to have cash at home due to increased geopolitical threats. This is what a spokesperson for the Dutch Banking Association (NVB) said. It is the first time that banks have issued such advice.
After the Christmas holidays, the banking association will consult about this with the Maatschappelijk Overleg Betalingsverkeer (MOB) in the Netherlands. Social organizations such as elderly organizations and the Consumers’ Association, but also the Dutch Payments Association and interest groups such as Koninklijke Horeca Nederland and MKB-Nederland, work together in this.
“We provide comprehensive advice on how you can best arrange your financial affairs if there are problems with the payment infrastructure. This could, for example, be about cash, in what denominations and how much it should be. But also about maintaining an additional bank account or credit card,” the NVB spokesperson told the ANP news agency.