bunq review

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.

2.99 €

Management Fee

2.99 €

ATM Withdrawal

0%

Currency conversion Fee

Details

Product Namebunq Easy Bank Personal
Management Fee2.99 €
Card deliveryUp to working 10 days
Supported currenciesGBP, PLN, CHF, USD, BGN, EUR
Card Fee9.99 €
ATM Withdrawal2.99 €
International ATM Withdrawal2.99 €
Currency conversion Fee0%
Free ATM Withdrawal LimitN/A
Mobile paymentsApple Pay, Google Pay, FitBit Pay
Card typeMastercard
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More Info

How it works

With bunq, everything you do is handled on the app and there are no physical branches. bunq has recently simplified the types of personal accounts it offers, now offering Easy Bank, Easy Money and Easy Green.

The most affordable plan, Easy Bank, comes with a monthly maintenance fee of €2.99. For Easy Money, you’ll pay €8.99 a month or €17.99 a month for Easy Green.

Both the Easy Money and Easy Green accounts allow you to set up 25 individual IBAN accounts to manage your money. In the app, you’ll be 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. bunq’s highest tier account, Easy Green, also allows you to offset your CO2 emissions by planting trees on your behalf.

Key features of bunq

bunq offers a wide array of benefits, such as:

  • Fast and easy sign-up process
  • 0.09% interest earned on your first €10,000 – paid monthly
  • 4 withdrawals per month ATM withdrawals, after which it costs €0.99 each time
  • Free local and regular payments
  • Send money to 15 non-Euro currencies via Wise
  • Up to 25 free sub-accounts, each with its own IBAN so you can quickly organise your money
  • Three bank cards, including a Mastercard direct debit
  • Apple Pay and Google Pay are both compatible
  • Send funds to other bunq users, 24/7
  • Make instant payments and easily organise batch payments
  • Generate personalised payment links for people or companies who owe you money. They don’t need to be bunq customers.
  • Bookkeeping and accounting apps to help automate your business finances, including VAT calculations
  • Instant notifications to track each card payment, direct debit or other transaction
  • Customer support via the app or email

bunq account options

bunq offers three personal accounts — Easy Bank, Easy Money and Easy Green.

Fees and limits

There are a few different costs, fees and limits to consider when you choose a personal account with bunq. Below, we’ve listed some of the most important fees that you should consider. For a complete list of the fees, visit the bunq website.

Easy GreenEasy MoneyEasy Bank
Monthly maintenance fee€17.99€8.99€2.99
Additional 25 sub-accounts19 €19 €N/A
bunq+1 joint account€2.99€2.99N/A
Transfer fee to, or from, other SEPAs (Single Euro Payments Areas)FreeFreeFree for receiving SEPA payments only
Transferring non-euro payments through TransferWiseTransferWise fee only per transferTransferWise fee only per transferN/A
Direct debit or credit card top-upFree for the initial €500 deposited per month then 0.5% afterwardsFree for the initial €500 deposited per month then 0.5% afterwards0.5%
Requests paid instantly via debit or credit card2.5% of the sum2.5% of the sumN/A
ATM withdrawalsFirst 4 withdrawals per month4 withdrawals per month€2.99 per withdrawal
Fee for exceeding €100,000 account balance€0.03 per day for each €1,000€0.03 per day for each €1,000€0.03 per day for each €1,000
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The verdict

bunq offers innovative accounts for those looking for different features from their bank. You can benefit from features that come standard with digital banks such as budgeting options and security tools, but you also get extra features such as the option of multiple bank accounts and an eco-friendly account option that can help you become CO2 free.

While these are great features, make sure you are going to use and benefit from them before you sign up as there is no free bank account option.

Experiences from other bunq users

bunq scores 2.4 over 5 based on 1,900+ reviews and is rated Poor on Trustpilot.

User ratings# of reviewsWhat do customers say
2.4 / 51,918
  • “Super easy banking with lots of handy features in the app like automatic budgeting with up to 25 sub-bank accounts and easy sharing of bank accounts with family and/or friends.” – G.Broekstra
  • “What a bad experience with Bunq. I can’t call them. My account is blocked/can’t go inside while am still using my own information.” – Sofie

*Note: Information provided is based on the reviews and rating on Trustpilot (11 May 2021).

How to sign up

You can open bunq if you reside in the EU or are planning on moving there. To sign up, head to the bunq website and then download the app. You’ll need to submit certain details about yourself and verify your identity.

Once your account is verified you can place an order for any of your preferred bunq cards. It usually takes between two and three working days for the bunq card to arrive.

Compare bunq with other digital banks in Germany

Name Product Management Fee Card delivery Supported currencies
Commerzbank Free current account
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3 to 4 business days

1

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.
Nuri Bank Account
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Up to 14 days

1

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N26 Standard
0 €
Up to 10 working days

1

Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save.
Vivid Standard
0 €
4-5 days

1

A free bank account with fee-free payments and transfers globally. Enjoy up to 20€ cashback per month.
1822MOBILE Current Account
1822MOBILE Current Account
0 €
N/A

1

Free account management, €20 when you open an account, up to €100 referral bonus and a free savings bank card: your current account 1822MOBILE offers all of this.
Openbank Free Current Account
0 €
N/A

1

A free current account with free euro transfers within the eurozone. Includes a debit card with free cash withdrawals worldwide.
DKB-Cash: Free current account
0 €
Up to 7 business days

1

A current account with fees that comes with a free Visa credit card and free cash withdrawals worldwide.
Norisbank Top Current Account
0 €
5 to 7 working days

1

Benefit from a 0 € account fee, free Maestro card and free cash withdrawals from thousands of locations worldwide.
Commerzbank StartKonto
0 €
3 to 4 business days

1

A free current account for young people with a free Young Visa credit card. Cashbacks and discounts in more than 2,000 online shops.
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Name Product Management Fee Card delivery Supported currencies
Comdirect Bank Current Account
4.90 €
N/A

1

A current account with no minimum incoming funds. Includes a free Visa credit card and free cash withdrawals worldwide.
N26 Metal
16.90 €
Up to 10 working days

1

Receive a stainless steel Metal card available in 3 shades, an insurance package and exclusive offers.
Tomorrow Now
3 €
3-5 business days

1

A free Visa debit card with free transactions across the globe and N/A for free.
TARGOBANK Online-Account
3.95 €
N/A

1

An online current account that comes with a Visa credit card. Free online transfers and free cash withdrawals at more than 3,000 ATMs.
bunq Easy Green Personal
17.99 €
Up to working 10 days

6

An account with an exclusive stainless steel card. Help the environment – a tree will be planted for every €100 you spend.
N26 Smart
4.90 €
Up to 10 working days

1

A mid-tier, premium subscription plan that comes with a range of essential money management features to help you better manage your finances.
Tomorrow Change
7 €
3-5 business days

1

Manage your shared finances conveniently with Tomorrow’s mid-tier plan. Benefits include multiple sub-account, fee-free monthly cash withdrawals and more.
bunq Easy Money Personal
8.99 €
Up to working 10 days

6

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.
Vivid Premium
9.90 €
4-5 days

1

A premium bank account with maximised cashback rewards on everyday spending online and in store, including up to 100 € cashback per month.
N26 You
9.90 €
Up to 10 working days

1

A smart IBAN account with no currency conversion fees, complimentary insurances and no ATM fees here or abroad.
bunq Easy Bank Personal
2.99 €
Up to working 10 days

6

Benefit from zero FX fees, bill splitting facility, and a wide range of advance payment features with this low-cost digital account.
Tomorrow Zero
15 €
3-5 business days

1

A free Visa debit card with free transactions across the globe and unlimited free ATM withdrawals per month.
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Please note these products are not licenced as banks. Check our product review pages for details.
Name Product Management Fee Card delivery Supported currencies
Revolut Standard
0 €
Up to 9 working days

27

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.
Wise Multicurrency Account
0 €
Up to 14 working days

19

Wise (formerly TransferWise) is an international account with over 50 currencies, instant and very convenient money transfers, a card to spend in any currency, bank details to be paid in 30 different countries and multi-currency direct debits.
Revolut Plus
2.99 €
Up to 9 working days

25

Enjoy purchase, event ticket and returns protection, plus other innovative features with this lower-priced subscription plan.
Wirex Standard
0 €
Up to 4 business days

12

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Benefit from an array of digital payment features, including a free prepaid Wirex card and unlimited fee-free transfers at interbank rates - with zero monthly subscription fee.
Revolut Premium
7.99 €
Up to 3 working days

28

A combined current account and IBAN account with unlimited free currency conversions and international transfers in over 25 currencies.
Wirex Premium
9.99 €
Up to 4 business days

12

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Enjoy revolutionary digital payment features on-the-go, plus exclusive merchant deals and higher rewards when you spend on your Wirex card.
Wirex Elite
29.99 €
Up to 4 business days

12

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Access supercharged rewards and curated merchant offers in addition to standard Wirex digital payment features and travel card.
Revolut Metal
13.99 €
Up to 3 working days

29

A premium account with an exclusive Metal card featuring insurances, cashback, concierge service, cryptocurrencies and more.
VIABUY Prepaid Mastercard
VIABUY Prepaid Mastercard
5.82 €
3-5 business days

1

VIABUY Prepaid Mastercard comes with no line of credit and it does not require credit checks.
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Frequently asked questions

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