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Rood Staan

Useful when you're a bit low on money

  • Useful when you're a bit low on money
  • Apply online through Mobile Banking or Internet Banking
  • Only pay interest if you are overdrawn
Bit low on money? Rood Staan allows you to use the overdraft facility on your current account up to a maximum of your net income. If you are not overdrawn, you will not pay interest. You can apply for Rood Staan online through Internet Banking or the ABN AMRO (Mobile Banking) app in just a few simple steps. The application form is currently only available in Dutch. If you would prefer to apply in English, call us or make an appointment for us to call you.

Rood Staan: a summary

  • You can only be overdrawn on the ABN AMRO current account that has received your salary, benefit or pension over the last three months.  
  • Apply online (in Dutch only) through the Mobile Banking app or Internet Banking.  
  • You do not usually need to provide any documents. We will look at your current account for the purposes of your application. 
  • You can be overdrawn from €500 to €5,000 but never more than your net income.  
  • You have a positive balance for at least one working day every three months.  

How to apply for Rood Staan

  1. Apply for Rood Staan online through Mobile or Internet Banking. 
  2. We automatically check that your salary, benefit or pension has been credited to the current account over the last three months. These payments need to originate from the same account and it needs to be clear from the transfers this is your income. Housing benefit, healthcare benefit and personal transfers are not considered income. If you would prefer to apply in English, call us or make an appointment for us to call you. 
  3. You select the amount you want to be overdrawn (your credit limit).
  4. You receive an offer immediately, which you can sign it immediately. Sometimes you will need to send documents.  
  5. You can immediately use your overdraft if you pay with iDEAL or transfer money to another account, for example. You can use your overdraft within two working days by withdrawing money at an ATM or paying by card in stores.

More information and product conditions

Who is it for?
  • You are aged 18 or over  
  • You have a current account on which salary has been received over the last three months.  

You cannot apply for Rood Staan if you are 62, 63, 64, 65 or 66 years old. This is because we do not know whether you will keep the same income just before you retire. If you apply for Rood Staan, you must have a stable income.
What is Rood Staan?
Rood Staan allows you to use the overdraft facility on your current account. It is a revolving credit. This means that you can always be overdrawn up to an agreed amount (your credit limit). You will only pay interest if you are overdrawn. 

You agree a limit with us, which will be between €500 and €5,000 and will never exceed your net income. We will calculate whether you can use this income to repay your overdraft, meaning your overdraft limit may be less than you had hoped. 

The amount you are allowed to be overdrawn is determined by your lowest income over the past three months. Housing benefit, healthcare benefit and personal transfers do not count towards your limit. 

If you want to borrow more than your net income, explore whether a personal loan is the right option for you. Please note that the conditions and the interest rates for these products differ.

In order to use the overdraft facility quickly and easily, we use an automated decision process for applications. For more information about your rights when we use automated decision-making, read our Privacy Statement, which you can find under Privacy and Cookies.
How to make repayments
Since your salary is credited to the current account each month, you will repay your overdraft automatically. However, you must have a positive balance for at least one working day every 90 days. You will only pay interest if you are overdrawn.

From the age of 70, we will lower your limit each month by the same amount. This will happen over a period of ten years. This means that by the age of 80, you can still have an overdraft of up to €1,000. This does not apply if your limit is already lower than €1,000.
The interest may change

The interest you pay is variable. This means that it may change at any time. Find out how we determine the interest amount here. Important information: 

  • You will be notified when the interest rate changes.  
  • If the interest rate increases, your monthly amount will remain the same. The total cost of your loan will increase, meaning it will take you longer to repay the loan. 
  • If the interest rate decreases, your monthly amount will remain the same. The total cost of your loan will decrease.  
  • If you are not overdrawn, you will not pay any interest. 
View the interest rates
You can always pay back more
There is no fee for extra repayments. All you need to do is transfer money to your current account through Internet Banking or Mobile Banking, or make sure the money is transferred to your account.
Risks
Rood Staan is a form of borrowing. It's important that you can afford to repay your loan, even if you suffer a loss of income because you have lost your job or become incapacitated for work. 
Debt cancellation in the event of death
In the event of death, your next of kin will not have to repay the negative balance. If Rood Staan is in two names, the other party will not have to repay the negative balance. There are a few conditions:

  • Rood Staan was taken out longer than six months before the death
  • You always made payments on time
  • The bank is notified of the death within twelve months of the person passing away
Repayment problems
Can't afford to repay your loan at this particular time? Find out how to deal with repayment problems or schedule an appointment with an adviser.
Credit Registration Office (BKR)
If you apply for Rood Staan, we will check your application with the Credit Registration Office (BKR). This is how we ensure that you do not borrow more than you can afford. If everything is in order, your loan will be registered with the BKR. Once you have repaid your loan, we will cancel your listing.
Rood Staan product conditions and information sheet
If you apply for Rood Staan, you will receive the Rood Staan product conditions and information sheet . Both documents will be provided in Dutch.

More information and product conditions

  • You are aged 18 or over  
  • You have a current account on which salary has been received over the last three months.  

You cannot apply for Rood Staan if you are 62, 63, 64, 65 or 66 years old. This is because we do not know whether you will keep the same income just before you retire. If you apply for Rood Staan, you must have a stable income.
Rood Staan allows you to use the overdraft facility on your current account. It is a revolving credit. This means that you can always be overdrawn up to an agreed amount (your credit limit). You will only pay interest if you are overdrawn. 

You agree a limit with us, which will be between €500 and €5,000 and will never exceed your net income. We will calculate whether you can use this income to repay your overdraft, meaning your overdraft limit may be less than you had hoped. 

The amount you are allowed to be overdrawn is determined by your lowest income over the past three months. Housing benefit, healthcare benefit and personal transfers do not count towards your limit. 

If you want to borrow more than your net income, explore whether a personal loan is the right option for you. Please note that the conditions and the interest rates for these products differ.

In order to use the overdraft facility quickly and easily, we use an automated decision process for applications. For more information about your rights when we use automated decision-making, read our Privacy Statement, which you can find under Privacy and Cookies.
Since your salary is credited to the current account each month, you will repay your overdraft automatically. However, you must have a positive balance for at least one working day every 90 days. You will only pay interest if you are overdrawn.

From the age of 70, we will lower your limit each month by the same amount. This will happen over a period of ten years. This means that by the age of 80, you can still have an overdraft of up to €1,000. This does not apply if your limit is already lower than €1,000.

The interest you pay is variable. This means that it may change at any time. Find out how we determine the interest amount here. Important information: 

  • You will be notified when the interest rate changes.  
  • If the interest rate increases, your monthly amount will remain the same. The total cost of your loan will increase, meaning it will take you longer to repay the loan. 
  • If the interest rate decreases, your monthly amount will remain the same. The total cost of your loan will decrease.  
  • If you are not overdrawn, you will not pay any interest. 
View the interest rates
There is no fee for extra repayments. All you need to do is transfer money to your current account through Internet Banking or Mobile Banking, or make sure the money is transferred to your account.
Rood Staan is a form of borrowing. It's important that you can afford to repay your loan, even if you suffer a loss of income because you have lost your job or become incapacitated for work. 
In the event of death, your next of kin will not have to repay the negative balance. If Rood Staan is in two names, the other party will not have to repay the negative balance. There are a few conditions:

  • Rood Staan was taken out longer than six months before the death
  • You always made payments on time
  • The bank is notified of the death within twelve months of the person passing away
Can't afford to repay your loan at this particular time? Find out how to deal with repayment problems or schedule an appointment with an adviser.
If you apply for Rood Staan, we will check your application with the Credit Registration Office (BKR). This is how we ensure that you do not borrow more than you can afford. If everything is in order, your loan will be registered with the BKR. Once you have repaid your loan, we will cancel your listing.
If you apply for Rood Staan, you will receive the Rood Staan product conditions and information sheet . Both documents will be provided in Dutch.