Compare Bunq and Cashplus

How do Bunq and Cashplus compare?

Bunq and Cashplus are two mobile banks that offer digital banking services, but they differ in their target audience and services provided.

Bunq is a European-based mobile bank that focuses on sustainability and ethical banking practices. They offer personal and business accounts, with features like real-time notifications, instant money transfers, and the ability to create sub-accounts for budgeting purposes. Bunq also provides a range of unique features such as the ability to plant a tree with each transaction and support for Apple Pay and Google Pay.

On the other hand, Cashplus is a UK-based mobile bank that primarily targets underserved customers who may have difficulty accessing traditional banking services. Cashplus offers a range of account options, including personal and business accounts, and focuses on providing basic banking services such as current accounts, debit cards, and direct debits. They also offer services like international money transfers and cashback rewards on eligible purchases.

In terms of fees, Bunq operates on a subscription-based model with different pricing tiers depending on the features and services required. Cashplus, on the other hand, has different account plans with varying fees and charges.

Overall, Bunq is more suitable for individuals who prioritize sustainability and advanced banking features, while Cashplus is geared towards customers who need basic banking services and may have limited access to traditional banks. The choice between the two would depend on individual needs and preferences.