Bunq products, services and reviews

Bunq Deposits protection

Bunq participates in dutch Deposit Guarantee Scheme (DGS), which insures amounts up to €100,000 per customer in case of the Bunq bankruptcy.

Bunq Bank Credit Rating

No credit ratings from major rating agencies available.

Geography of Operations

Bunq operates primarily within the European Economic Area (EEA) and has a significant presence in the following countries:

• Netherlands
• Germany
• Austria
• Belgium
• France
• Italy
• Spain
• Ireland
• Portugal
• Finland

Bunq plans to expand their services to United states and UK.

Bunq customer Reviews

Bunq has a customer rating of 3.8 out of 5 on Trustpilot. Customers frequently highlight:

• The app is user-friendly.
• Completely online: unlike brick-and-mortar banks Bunq onboards and serves their clients 100% online.
• Clear fee structure.

However, some customers have raised concerns about:

• Occasional app bugs: Some users experience occasional technical issues.
• Low quality of customer support that can be only accessed through a chat.
• Fees: most popular account options have monthly fees.
• Account verification delays: Delays in the account verification process can be frustrating.
• Some customers mention limited functionality of the application and limited product line failing to cover all customer needs.
• Sometimes customers experience problems with Bunq cards payments abroad.
• Limited product line: no fixed deposits and other demanded products.

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Bunq Bank Products

Personal and Business Accounts

Bunq offers a variety of personal and business accounts tailored to different needs:

• Easy Bank Account: A standart account with essential banking features and low fees.
• Easy Money Account: Includes additional features such as budgeting tools and multiple sub-accounts.
• Easy Green Account: Designed for environmentally conscious users, this account plants a tree for every €100 spent.
• Business Accounts: Bunq also offers business accounts with features such as VAT automation, invoice scanning, and multiple user access.

Bunq savings Accounts

Bunq’s savings accounts come with competitive interest rates and easy-to-use saving features:

• High-Yield Savings: Offers competitive interest rates higher than traditional banks.
• Savings Goals: Users can set specific goals and track their progress within the app.
• No Minimum Balance: No minimum balance requirements, making it accessible for all users.

Bunq offers 3.36% for all new Personal Account users across the whole EEA region. Bunq existing users will earn 2.16% interest up to the highest savings balance they had from January to June 2024. Any funds they add on top of that before December 31 2024, will earn them 3.36% interest.

Note that Bunq doesn’t offer fixed deposits thus the rate you earn can change from time to time.

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Bunq Cards

Bunq provides a range of debit and credit cards to suit different needs:

1. Bunq Travel Card
   1. Type: Mastercard Credit Card
   2. Usage: Ideal for travelers with no foreign transaction fees.
   3. Features: Built-in travel insurance and competitive exchange rates. Works well when you need a credit card to book a car.
2. Bunq Easy Green Card
   1. Type: Metal Mastercard
   2. Usage: Environmentally friendly card that plants a tree for every €100 spent.
   3. Features: Premium benefits including higher withdrawal limits and no foreign transaction fees.
3. Bunq Debit Card
   1. Type: Maestro and Mastercard Debit Cards
   2. Usage: Everyday use, both online and in-store.
   3. Features: Real-time spending notifications and easy management through the app.

Bunq Interest Rates and Fees

• Savings Accounts: Competitive interest rates, often higher than traditional banks.
• Bunq doesnt offer fixed deposits, the only savings option is a savings account.
• Card and account Fees: Transparent fee structure. However, the accounts aren’t provided for free.

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