Review on Bunq for Business

What exactly is Bunq for Business?

Bunq is a Netherlands-based neobank that is positioned, according to its marketing strategy, as a “swiss knife” for their customers’ finances.

What I have seen, after reviewing its website, is that their plans’ information is even poorer than its Individuals’ website (there are even serious language inconsistencies in non-english versions for such website) and prices are hidden at first sight, with little or no reference about where to find detailed specifications.

What can you do with the Bunq for Business App?

• According to its website, you can pay and receive money immediately, as you can review and control your employees’ subaccounts in real time (through the app and via an API), but almost all the features and transactions you should be able to do come at an additional price.

I am not a fan of Bunq, as there are multiple hidden costs along the way.

For this segment, Bunq offers two defined tiers, as follows:

• Business: EUR 19.99/month, in this case with multiple features but, like I previously stated, almost all of them at an additional cost per transaction.
• Business SuperGreen: EUR 19.99/month, with the same features you may have in the Premium segment and with the addition of a Metal Card (for “green” purposes).

More information can be found at https://www.bunq.com/ and at https://www.bunq.com/pricing