Citco Bank Nederland N.V. products, services and reviews

About Citco Bank Nederland N.V.

Citco Bank Nederland N.V. is a Netherlands-incorporated bank within the privately held Citco Group, focused on institutional and corporate clients rather than retail customers. It provides multi-currency transactional accounts, cash and liquidity management, payment processing across SEPA and SWIFT networks, foreign exchange execution, and custody/safekeeping solutions commonly used by fund managers, corporates, and financial intermediaries in the alternative investments ecosystem. The bank is authorized in the Netherlands and subject to prudential supervision by De Nederlandsche Bank, with its activities falling under EU banking and payments regulation; eligible deposits at Dutch banks are protected by the Dutch Deposit Guarantee Scheme up to €100,000 per depositor, subject to applicable criteria. Account opening is driven by stringent KYC/AML and sanctions requirements, and onboarding timelines and documentation expectations reflect institutional standards. Pricing is typically bespoke and volume-based, with schedules negotiated bilaterally rather than published for retail comparison. The offering is oriented to operational banking and asset servicing needs, not consumer products such as mortgages, personal loans, or branch-based services, and there is no broad retail distribution. Strengths include specialization in cross-border institutional flows, multi-currency capabilities, and integration with group asset-servicing platforms, while limitations include a narrow target market, minimum balance and activity expectations, and limited transparency on fees for non-clients. Prospective clients should assess service-level agreements, settlement cut-offs, FX spreads, custody segregation and asset protection terms, and counterparty risk, and confirm whether their deposit types are eligible for statutory protection under the Dutch scheme.