bunq Review
Comprehensive review and analysis of bunq's digital banking services
Quick Facts
- Founded
- 2012
- Head Office
- Netherlands
- Active Customers
- 2+ million
- Total Funding
- €200 million
- Employees
- 300+
- App Store Rating
- 4.3/5
Pros & Cons
Pros
- Strong focus on sustainability
- Multiple IBANs available
- Advanced budgeting features
- Local IBANs in multiple countries
- Business accounts available
- 17 sub-accounts included
Cons
- Higher monthly fees
- Limited availability outside EU
- No free plan
- Complex pricing structure
Supported Countries
- European Union
- European Economic Area
Fees
- Easy Money €2.99/month
- Easy Money Business €9.99/month
- Easy Green €17.99/month
- ATM Withdrawals 10 free/month, €0.99 after
- Foreign Exchange Mastercard rate + 0.5%
Overview
bunq, founded in 2012, stands out as Europe’s first fully digital bank with a strong focus on sustainability. Known for its innovative features and commitment to environmental responsibility, it offers personal and business banking solutions across the EU.
Key Highlights
- Sustainability Focus: Plant trees through banking
- Multiple IBANs: Local accounts in various countries
- Business Solutions: Comprehensive business features
- Green Impact: Track and reduce carbon footprint
- Flexible Banking: Customizable sub-accounts
- European Coverage: Available across EU/EEA
Market Position
- Leading sustainable digital bank
- Strong presence in EU markets
- Focus on environmental impact
- Innovation in digital banking
Key Features
Banking Services
- Multiple local IBANs
- Sub-accounts
- Physical and virtual cards
- Real-time notifications
- Auto-savings
- Budget insights
Sustainability Features
- Tree planting
- CO2 compensation
- Green investments
- Sustainable partners
- Carbon footprint insights
- Environmental impact tracking
Business Features
- Business accounts
- Invoice scanning
- Expense management
- Multiple users
- API access
- Accounting integration
International Features
- Local IBANs in multiple countries
- Multi-currency support
- Competitive exchange rates
- Global payments
- Travel mode
- Worldwide acceptance
Security Features
- 3D Secure
- Biometric authentication
- Instant card blocking
- Location-based security
- PIN by SMS
- Transaction signing
Customer Support
- In-app chat
- Email support
- Community support
- Help center
- Social media support
- Priority support for business
Verdict
bunq differentiates itself through its strong commitment to sustainability and innovative banking features. The ability to have multiple IBANs and extensive sub-account functionality makes it particularly useful for those managing multiple currencies or businesses.
While the monthly fees are higher than some competitors, the comprehensive feature set and sustainability focus provide unique value. The bank’s limited availability outside the EU and lack of a free tier may deter some users. However, for environmentally conscious Europeans seeking a full-featured digital bank, bunq offers a compelling package.