Bunqis amobile bankNetherlands founded in 2015 and has been present in France since 2017. Bunq offers a wide range of financial services, including current accounts, unique IBAN, QR code payments, and complete money management via a mobile app. Bunq's main objective is to remove barriers and barriers to traditional banks, thus providing a fully dematerialised banking experience adapted to modern users, especially young people and mobile people.
This guide offers a detailed analysis of the advantages and disadvantages of opening an account at Bunq, as well as a full feedback from our experts. Discover Bunq's unique services and why thismobile bankis distinguished in the landscape of neobanks.
In less than 5 minutes, you can open an account at Bunq!
Benefits of opening an online account Bunq
The main benefits of subscription to a Bunq account are:
- Quick opening in 5 minutes: In just a few minutes, you can create your account and get an IBAN. Openness is simple and accessible to all, without minimum income obligations or complex conditions.
- Accessibility: Minors and EU residents can open an account without any restrictions.
- No hidden charges: Bunq does not charge fees for payments in the EU or outside the EU, making the management of travel finance very advantageous.
- Creation of several accounts: You can create up to 25 different IBANs, allowing you to categorize your expenses and organize your finances more efficiently.
- Competitive tariffs: Bunq offers attractive rates, especially for international transfers and account management. The fees are transparent and tailored to different needs.
- High payment ceiling: Payment limits are generous, allowing great flexibility in your spending, even for large purchases.
- Mobile payment: Bunq is compatible with Apple Pay and Google Pay, facilitating contactless payments from your smartphone.
- Efficient mobile application: The Bunq app is very well rated and offers innovative features for simplified management of your finances on a daily basis.
- Exclusive features: Sharing expenses with friends, transfers without IBAN via SMS or email, and special offers for trading partners are some of the original options Bunq offers.
The disadvantages of subscription to the Bunq online account
Like any bank, Bunq has some drawbacks:
- Limitation of free withdrawals: Bunq limits free withdrawals to 10 per calendar month. Beyond, a fee of 0.99 € by withdrawal shall be applied.
- Dutch IBAN: Bunq allocates Dutch IBANs, which may pose problems for some automatic transactions in France, including levies for subscriptions such as electricity or the Internet.
- No possibility of discovery: Bunq cards are routinely authorized, which means that it is not possible to be out of print.
- No checkbook: Bunq does not offer checks, which can be a disadvantage for those who still need to use checks.
- Limited insurance: Bunq bank card insurance is less extensive than traditional card insurance, particularly for travel.
- Exclusively mobile interface: The absence of a web version of the application can be an obstacle for those who prefer to manage their accounts from a computer.
- No credit or savings offer: Bunq does not offer credit or savings products, focusing solely on current money management services.
Bunq Mobile Bank Rates and Fees
Bunq's tariffs are among the most competitive in the neobank market:
- No account fees: Bunq does not charge any charges for current transactions, whether for payments in or outside the EU.
- Withdrawals: The first 10 withdrawals per month are free of charge, plus a fee of 0.99 € by withdrawal shall be applied.
- Three main offers for individuals:
- Bunq Travel: Free, ideal for travellers with free international payments.
- Premium Bunq7.99 €/month, including many features such as creating 25 IBAN accounts and 3 bank cards.
- Bunq SuperGreen16.99 €/month, with a metal map and ecological commitment (one tree planted for each 100 € expenditure).
- Two offers for professionals:
- Bunq Business Premium: 9,99 €/month, offering additional features for independents and companies.
- Bunq Business SuperGreen: 19.99 €/month, with ecological services and a metal map.
Expert opinions from 01bank.com
Our experts at 01bank.com tested the Bunq mobile bank and found that it stands out by its innovative approach and services adapted to a mobile customer. Bunq is a serious alternative to other neobanks like N26 or Revolut, thanks to unique features and responsive customer service. Bunq's benefits include free international payments, easy management via smartphone, and a multitude of IBAN accounts to organize its finances. Bunq is particularly suitable for young people, travellers and independent professionals.
However, there are some disadvantages, such as the limited number of free withdrawals and the Dutch IBAN, which may complicate some transactions in France. Moreover, the absence of overdrafts or checks can pose difficulties for some users.
In conclusion, Bunq offers a modern and convenient banking solution, ideal for those who seek to manage their finances in a dematerialised way and without geographical constraints. However, it is recommended to check whether the Dutch IBAN meets your needs before opening an account.
Bank cards offered by Bunq
Bunq offers several types of bank cards, available at different rates:
- Maestro: No commitment, free, with contactless payment via Google Pay and Apple Pay.
- MasterCard: Deferred flow rate from 7.99 €/month, with the same mobile payment features.
- MasterCard Metal: Premium card at 16,99 €/month, metal, offering ecological services (tree planting for each transaction).
Zoom in on Bunq offers
Bunq offers several offers tailored to individuals and professionals:
- Bunq TravelFree account and map, ideal for frequent travellers. With this offer, you benefit from free payments worldwide and simplified management via the mobile app. Only withdrawals beyond 10 per month are paid.
- Premium Bunq: The most popular offer at 7,99 €/month, which allows to create 25 IBAN accounts, use three bank cards and make free payments worldwide.
- Bunq Business: An offer dedicated to professionals and independents, with accounting management features and the possibility to subscribe to additional bank cards.
Bunq customer service
Bunq offers responsive customer service accessible via:
- Cat onlineAvailable via the app or the Together website.
- Social networksBunq is active on Twitter and Facebook to answer user questions.
- Email: [email protected]
Bunq offers amodern banking experienceand without constraints, ideal for mobile users. If you are looking for a neobank with competitive rates and simplified management via smartphone, Bunq is an excellent option.