Van Lanschot shows non-investing clients the door: report

Dutch bank Van Lanschot wants to get rid of customers who do not invest with the bank. The private bank is advising these clients to rather go to Rabobank, Financieele Dagblad reports based on a letter Van Lanschot sent to clients.

A spokesperson for the bank confirmed to NU.nl that Van Lanschot contacted customers who do not have an investment account with the bank. In time the bank wants to say goodbye to these customers.

In the letter to clients, Van Lanschot wrote that the bank's strength lies in managing assets, and that the bank can not distinguish itself by only offering payment- and savings accounts. According to Financieele Dagblad, thousands of Van Lanschot customers received this letter.