It’s official: Rabobank.be will cease to exist in Belgium from 1 September
Dutch group Rabobank announced in June last year that it was ending its savings business in Belgium – Rabobank.be – after no buyer was found for it. A collective dismissal was requested for 53 employees.
A gradual closure has been underway since then. Term accounts were closed first, and will be followed on July 1 of this year by savings accounts. The money still in these accounts will automatically be placed in current accounts. Customers will then have three additional months to transfer their money to another bank. Current accounts will be closed on 1 September, the date of the end of Rabobank.be’s activities.
Transfer of money to the CDC from FPS Finances
Any money still at Rabobank.be at that time will not be lost. It will be transferred to the Caisse des Dépôts et Consignations (CDC) of the FPS Finances. It can be recovered there up to 30 years after the transfer (via the e-DEPO digital application).
Rabobank.be said that since the announcement of the closure, some 100,000 customers, or around half, had closed their accounts. These affected five of the seven billion euros which affected the accounts of the online savings bank.
Rabobank.be exists in Belgium since 2002. The savings bank can long savers with high interest rates. In recent years, its activities have been phased out. In 2018, investment products were notably taken over by Keytrade Bank, and in 2019, corporate accounts were abolished.
The wholesale division (services to large companies) of Rabobank in Belgium could work.