Savings Lock

You can turn on the Savings Lock on the ABN AMRO app and on Internet Banking for the following savings accounts:

• Capital Savings Account
• Charitas Savings Account
• Direct Savings
• Director Savings Account
• KidsFuture Savings Account
• KinderBonus Savings Account
• Private Banking Business Savings Account
• Private Banking Savings Account
• Royaal Savings Account
• Schenken met Beheer Savings Account
• Wealth Management Savings Account
• Zakelijk Flexibel Sparen

Only you can do that, in the ABN AMRO app and on Internet Banking.

• If you have a joint savings account, both account holders can turn on and turn off the Savings Lock on that account.
• Children aged under 18 who have access to a savings account in their own name from which they are also allowed to make transfers can turn on and turn off the Savings Lock themselves.
• A person authorised to make domestic and international transfers from a savings account can turn on and turn off the Savings Lock for the account in question.

Yes, you will get a Bankmail message confirming that the Savings Lock on your savings account has been turned on or turned off.

Tip: you can enable push notifications through the ABN AMRO app. You’ll then be notified as soon as the Savings Lock has been turned on or off and the 24-hour waiting time is over. Here's how to enable push notifications through the app.

If you get a message saying that the Savings Lock on your savings account has been turned on or turned off and you, your joint account holder or an authorised person did not do this. please contact us right away.

No, you cannot reduce the waiting period. We cannot change the waiting period for you either. The 24-hour waiting period is intended to make things more difficult for scammers. They often want you to transfer money quickly to what they call ‘safe accounts’. A 24-hour waiting period helps ensure that you don’t fall for these clever tricks that scammers play. It also gives you time to contact us if you are unsure about a transfer.

No, you cannot set the waiting time yourself. We cannot do that for you either. If you would like to be able to withdraw part of your savings right away, at any time, you can open an additional Direct Savings account free of charge. You can transfer the amount you want to be able to withdraw at any time to this savings account, and then turn on the Savings Lock on the savings account that contains the lion’s share of your savings.

If you’ve inadvertently turned on the Savings Lock on the wrong savings account, you can turn it off again on this account on the ABN AMRO app and Internet Banking. You’ll be able to transfer money from the savings account again 24 hours later.

Here’s how to turn off the Savings Lock on the ABN AMRO app:

1. Open the ABN AMRO app and log in
2. Tap the savings account for which you want to turn on the Savings Lock
3. Tap ‘Self service’ at the top right of your screen
4. Tap ‘Set Savings Lock’
5. A screen now opens in Internet Banking
6. In case you have more savings accounts, tap again the savings account for which you want to turn off the Savings Lock
7. Set the slider to ‘off’
8. Click ‘Turn the Savings Lock off’

Here’s how to turn off the Savings Lock on Internet Banking:

1. Log into Internet Banking
2. Click on your savings account in the account overview
3. Click ‘More options’ at the top right of your screen, then select ‘Savings Lock’
4. Click again at the top of your screen on the savings account on which you want to switch off the Savings Lock
5. Slide bar to ‘off’ and then click on ‘Turn Savings Lock off’

If you’d rather watch the instructions, the video on this page explains step by step how to turn the Savings Lock on or off.

We can imagine that it is handy to always have some money on hand. You can open an additional Direct Savings account free of charge and turn on the Savings Lock on the savings account with the balance you do not need right away.

Let’s say you have a savings account that has €8,000 in it, and that you want to be able to withdraw €1,000 from it right away, at any time. In that case, you can open an additional Direct Savings account, deposit €1,000 and leave the remaining €7,000 in your existing savings account. You can turn on the Savings Lock on this account. That way, you ensure that most of your savings are extra protected.