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bunq review

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Open multiple bank accounts and transfer your money easily with bunq.

bunq is a mobile bank account that offers a number of convenient features. You can open multiple bank accounts with unique IBANs, the bunq app is available in six languages and you can earn interest on funds you hold in your account. Plus, you get the security features and low fees you expect from a digital bank. In this review of bunq for Germany we break down exactly what you can expect from a bunq account so you can decide if it’s right for you.

€7.99

Monthly fee

0%

Currency conversion fee

Details

Product Namebunq Premium
Monthly fee€7.99
Card deliveryUp to working 10 days
Supported currenciesEUR
Currency conversion fee0%
Free ATM withdrawal limit10 withdrawals per month
Mobile paymentsApple Pay,Google Pay
Card typeMastercard,Maestro
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More Info

How does bunq work in Germany?

With bunq, everything you do is handled on the app and there are no physical branches. bunq’s range of products includes a Premium account, which comes with a monthly fee. bunq also offers a travel card that doesn’t charge a monthly fee but does have a one-off setup fee, currently €9.99.

The Premium account lets you set up 25 individual IBAN accounts to manage your money. In the app you are able to use budgeting tools, set up savings goals, use a personal payment link to get paid easily by friends and get free ATM withdrawals when you travel overseas. Its highest tier account, bunq SuperGreen, also allows you to offset your Co2 emissions by planting trees on your behalf.

What features does bunq offer?

  • Three debit cards included. You can choose to use up to three types of debit card with your bunq account: a Mastercard, a Maestro card and a travel card.
  • MassInterest. bunq lets you earn interest on whatever money you have in your account, not just your savings account. Premium account holders earn 0.27% on any money held in their accounts which is paid monthly.
  • ATM withdrawals. You won’t be charged a fee for up to 10 withdrawals per month.
  • Create multiple accounts. bunq lets you create up to 25 bank accounts with their own unique IBAN. If you need more, you can create 25 more for €19 per month.
  • Money transfers abroad with TransferWise. Bunq’s partnership with money transfer service TransferWise means sending money abroad at competitive rates.
  • Apple Pay and Google Pay. You can pay with bunq using your iPhone or Android.
  • Premium SuperGreen.Upgrade your account to unlock membership of its environmentally-friendly Green Card scheme. For €16.99 a month you’ll get a metal card, and bunq will plant trees to offset your Co2 emmissions.
  • Personalised payment links. You can use bunq.me to generate a link to send people who owe you money, and they can pay you back easily. They don’t need to be Bunq customers.
  • Dual PIN. bunq lets you set two PINS for one card so you can pay from two accounts.
  • Travel assistant. In the bunq app you can use the travel assistant so you can get help spending in another currency.

What types of bunq accounts can you open?

bunq offers three types of personal accounts: bunq Premium, bunq SuperGreen and bunq Travel.

Compare all bunq products

Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
bunq Premium
€7.99
Up to working 10 days
EUR
A card linked to up to 25 individual IBAN accounts. Earn interest on all money in your account and benefit from competitive rates and fees.
bunq Travel card
€0
Up to working 10 days
EUR
A no monthly-fee card that lets you travel and spend globally using the real exchange rate. Security controls and simple payments.
bunq Premium SuperGreen
€16.99
Up to working 10 days
EUR
An account with an exclusive stainless steel card. Help the environment – a tree will be planted for every €100 you spend.
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What fees and limits apply with bunq Premium?

There are a few different costs and limits to be aware of with bunq. These include:

  • A monthly fee applies with bunq. For its Premium account, this is €7.99. For the bunq Premium SuperGreen account, you’ll pay €16.99 a month.
  • Sending money in Euros is free and sending money in any currency other than Euros will be charged at TransferWise rates.
  • You won’t be charged for withdrawing cash at an ATM up to 10 withdrawals per month.
  • 25 additional bank accounts are included with both the Premium and SuperGreen accounts. If you need more bank accounts, you can access up to 25 more for €19 per month.

    Is bunq safe?

    Any money you have with bunq is protected up to €100,000 by the Deposit Guarantee Scheme of the Dutch National Bank (DNB). If bunq were to go out of business, your money will still be safe.

    The card is also protected by a PIN which you choose yourself. If your card is lost or stolen, you can block it from the app within seconds and immediately order a replacement card.

    Pros and cons of bunq in Germany

    Pros

    • The option of multiple bank accounts
    • You can earn interest on money you hold in your bunq account
    • 0% foreign currency exchange fee
    • Cheap international money transfers with TransferWise

    Cons

    • No free bank account option
    • Maximum 10 free ATM withdrawals a month
    • You’ll still need another bank account for some of your financial needs

    Compare bunq with other digital banks in Germany

    Data indicated here is updated regularly
    Name Product Monthly fee Card delivery Supported currencies
    Comdirect Bank Current Account
    €0
    N/A
    EUR
    A free current account with no minimum incoming funds. Includes a free Visa credit card and free cash withdrawals worldwide.
    Norisbank free current account
    €0
    5-7 working days
    EUR

    Receive €100 starting credit for a limited time*

    Benefit from a €0 account fee, free Maestro card and free cash withdrawals from thousands of locations worldwide.
    Openbank Kostenloses Girokonto
    €0
    N/A
    EUR
    A free current account with free euro transfers within the eurozone. Includes a debit card with free cash withdrawals worldwide.
    Commerzbank Kostenloses Girokonto
    €0
    3 to 4 business days
    EUR

    Receive €100 starting credit after 3 months of account activity

    A current account with €0 fees and cashback at select Shell petrol stations. Includes a Mastercard Classic credit card.
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    Data indicated here is updated regularly
    Name Product Monthly fee Card delivery Supported currencies
    Fidor Smart Current Account
    €5
    N/A
    EUR
    A mobile current account with real-time notifications on your transactions. Includes a digital Mastercard with mobile payment and a Smart Banking app.
    N26 You
    €9.90
    Up to 10 working days
    EUR
    A smart IBAN account with no currency conversion fees, complimentary insurances and no ATM fees here or abroad.
    Tomorrow Zero
    €15
    3-5 business days
    EUR
    A free Visa debit card with free transactions across the globe and unlimited free ATM withdrawals per month
    TARGOBANK Online-Account
    €3.95
    N/A
    EUR
    An online current account that comes with a Visa credit card. Free online transfers and free cash withdrawals at more than 3,000 ATMs.
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    Data indicated here is updated regularly
    Name Product Monthly fee Card delivery Supported currencies
    bunq Travel card
    €0
    Up to working 10 days
    EUR
    A no monthly-fee card that lets you travel and spend globally using the real exchange rate. Security controls and simple payments.
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    Please note these products are not licenced as banks. Check our product review pages for details.
    Data indicated here is updated regularly
    Name Product Monthly fee Card delivery Supported currencies
    Holvi Starter
    €0
    Up to 10 business days
    EUR
    An online account ideal for new businesses with €0 monthly fees and unlimited SEPA transfers. Includes a Holvi Business debit Mastercard.
    VIABUY Prepaid Mastercard
    VIABUY Prepaid Mastercard
    €1.65
    3-5 business days
    EUR
    VIABUY Prepaid Mastercard comes with no line of credit and it does not require credit checks.
    Holvi Grower
    €12
    Up to 10 business days
    EUR
    A full online business account with unlimited SEPA transfers, unlimited invoicing and up to three Holvi Business Debit Mastercards.
    Revolut Standard
    €0
    Up to 9 working days
    GBP,SEK,PLN,CHF,DKK,NOK,USD,CZK,CAD,AUD,RON,EUR
    Enjoy no monthly fee, no currency conversion fees up to €1,000 per month and the ability to hold over 15 currencies in your account.
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    *You must transfer at least 3 salary payments (wages, salary, pension, salary, BAföG) of at least 1,000 € per month by 31 March 2021.

    Frequently asked questions

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