Bunq is a digitally-native mobile bank, hailing from the Netherlands, that caters to modern consumers and businesses looking for an alternative to traditional banking institutions. Positioned as a 'Bank of The Free', Bunq focuses on providing a user-centric banking experience with a strong emphasis on innovation and customer freedom.
With functionality that spans across everyday banking to savings and investments, Bunq allows users to set up multiple bank accounts, each with its own IBAN, enabling them to manage personal, business, and savings funds separately. Users can participate in real-time payments within the Eurozone thanks to its support for SEPA Instant Payments.
Moreover, Bunq places a significant emphasis on sustainability, offering features like 'Green Cards' which contribute to tree-planting initiatives based on customer spending. Security features, such as advanced encryption and biometric authentication, protect users' financial data, while the user-friendly app interface enables clients to have full control over their financial transactions, card settings, and budgeting. The platform also provides international travel support with competitive exchange rates and global acceptance of their debit and credit cards.
A distinguishing characteristic of Bunq is its commitment to transparency and community involvement. The bank has features like 'Together', a platform where users can vote on product features and engage with the Bunq community, emphasizing a collective approach to banking development. With a modern approach to banking, Bunq seeks to align financial technology with the evolving needs and values of contemporary users.
Bunq is currently available for residents of the following countries:
Belgium, United Kingdom, France, Germany, Netherlands, Spain, Austria, Bulgaria, Croatia, Cyprus, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden
24/7 availability- anytime, anywhere
No matter where you are, at home or abroad, you can access your Bunq account via the app, check your account balance, control your savings, get customer support, make payments and even freeze your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Get approved fast
Opening an account with Bunq is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. Bunq doesn’t require a copy of your credit history to approve your account, meaning you can open an account and get approved in minutes.
Lower fees
Another main reason to use Bunq is the low (or no!) fees. Bunq has no physical branches, therefore they can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad. For example, Bunq offers zero fees on all transactions, including purchases made overseas!
Makes traveling easier
Bunq = borderless banking. Low/no exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, freeze or unfreeze your debit card while you travel, directly in the app.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With Bunq everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.
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