bunq
Pros & Cons
Pros
- Deposit protection: DGS €100k (NL) — euro deposits only; non-euro savings not covered
- Multiple IBANs
- high interest on EUR
- flexible sub-accounts
Cons
- —
Rating breakdown
Why this score
Good fit for
- you need to hold a balance in USD
- you want yield on an idle balance (up to 2.01%)
- you receive SEPA transfers
May not fit if
- you need crypto in or out
This is a licensed bank, so eligible deposits are protected by the deposit guarantee scheme (DGS) up to €100,000 per customer. That's a key safety factor when choosing.
- Licence
- Bank · De Nederlandsche Bank (DNB)
- IBAN
- NL
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
Deposit & savings rates
Compare all deposits →DGS €100k protected DGS €100k (NL) — euro deposits only; non-euro savings not covered
| Product | Currency | TAE / APY | Term | Conditions | Source |
|---|---|---|---|---|---|
| Savings | EUR | 2.01% | On demand | Ahorro vía app, IBAN español, sin nómina. Hasta 100.000€. 2 retiradas/mes. | Sourceas of 2026-06-23 |
Editorial review
Data reviewed by Ilya ChernetskiyFounder and editor, nomonedaUpdated: 2026-08-15
bunq is a licensed bank (De Nederlandsche Bank (DNB)), so eligible deposits carry DGS €100k (NL) — euro deposits only; non-euro savings not covered.
It is a global fintech licensed in NL supporting EUR, USD, GBP etc. FX model: Mastercard rate + small markup.
It tends to suit multi-iban, eur savings, sub-accounts.
Fees & terms
- Exchange rate
- Mastercard rate + small markup
- Card cost
- Paid plans only (Easy Bank, Money, Travel)
- Local-currency withdrawal
- Not disclosed
- USD withdrawal
- Not disclosed
- Withdrawal fees
- Not disclosed
- Limits
- Not disclosed
- USD yield
- Not disclosed
- Cashback
- Not disclosed
- Currencies
- EUR, USD, GBP etc
- Cards
- Global Physical, Global Virtual
- Transfers
- SEPA in/out, SEPA Instant in/out
- Payments
- Apple Pay, Google Pay
- Licence
- Bank — De Nederlandsche Bank (DNB)
- IBAN
- NL
- Multi-currency account
- Multiple NL IBANs per user
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
- FX model
- Mastercard rate + small markup
- Opening requirements
- No local address needed
- English support
- Yes
- Remote opening
- Yes
- Headquarters
- Netherlands
Transfer routes
One row per direction, rail and currency — with what we hold on fees, speed and limits. A blank fee is not a free transfer; it is a fee we have not collected.
| Route | Fee | Speed | Limits |
|---|---|---|---|
| SEPAincomingEUR | Not published | Not published | — |
| SEPAoutgoingEUR | Not published | Not published | — |
| SEPA InstantincomingEUR | Not published | Instant | — |
| SEPA InstantoutgoingEUR | Not published | Instant | — |
Who holds your money
The name on the app is not always the company holding the balance, and deposit protection follows the licence rather than the brand.
| Role | Organization | Answerable for | Applies to |
|---|---|---|---|
| Licence holder | bunqDe Nederlandsche Bank (DNB) | Operating under regulatory permission | All currenciesDGS €100k (NL) — euro deposits only; non-euro savings not covered |
| Deposit guarantee | DGS €100k (NL) — euro deposits only; non-euro savings not coveredDe Nederlandsche Bank (DNB) | Paying out if the deposit holder fails | EURDGS €100k (NL) — euro deposits only; non-euro savings not covered |
Recent updates
- 2026-08-15checked11 facts about bunq re-checked against their sources
- 2026-06-23checked1 deposit rate at bunq re-checked
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User reviews
User score
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FAQ
- Is my money protected?
- Yes. bunq holds a full bank licence (De Nederlandsche Bank (DNB)), so eligible deposits are protected by DGS €100k (NL) — euro deposits only; non-euro savings not covered.
- What IBAN and transfers?
- bunq issues a NL IBAN. SEPA Instant: send + receive. Multi-currency: Multiple NL IBANs per user.
- Can I open remotely, in English?
- Opening is remote. English support is available. Requirements: No local address needed.
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
Independently corroborated, rated on the full model and checked within the year. This service can appear in our ranked picks.