Bunq

Bunq is a Dutch-licensed digital bank offering personal and business accounts across much of the EEA, operating under supervision of De Nederlandsche Bank with eligible deposits covered by the Dutch Deposit Guarantee Scheme up to €100,000 per depositor. Accounts are app-based and subscription-driven, with tiers that differ by included features; a savings-only option is available, while core spending accounts include SEPA transfers, SEPA Instant, and SEPA Direct Debit. Users can create multiple sub-accounts with individual IBANs, set budgeting rules, automate payments, and receive real-time notifications; business plans add tools such as VAT separation and integrations with accounting software. Bunq issues Mastercard debit cards, supports multiple virtual cards, and offers a metal card on higher tiers; Apple Pay and Google Pay are supported in eligible markets. Local IBANs are available in several countries, including the Netherlands, Germany, Spain, and France, though availability varies by residency and plan. The bank pays interest on eligible balances and savings, with rates and conditions dependent on plan and jurisdiction and subject to change. International transfers are available in-app through supported providers; fees, exchange rates, and delivery times vary by corridor. Cash services are limited: there are no branch facilities, cash and cheque deposits are not supported, and ATM withdrawals and foreign currency usage can incur additional charges depending on tier and usage. Onboarding, identity verification, and customer support are handled in-app, primarily via chat; phone support is limited. As with other regulated institutions, compliance reviews may lead to account checks or restrictions. Prospective users should review the current fee schedule, plan limits, country availability, and interest terms before opening an account.