Review on Bunq for individuals

What exactly is Bunq?

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 quite poor (compared to other players such as Anna, Monzo or Revolut) but, on the other hand, their fees are competitive for those who choose to manage their money with Bunq.

What can you do with the Bunq App?

• Not much, actually, if the lowest tier (Travel) is selected; prices in Bunq’s landing page are quite different from the actual features and specifications (no more than 5 basic features are included for free; other features in this Travel tier are available at a premium price or directly not available)

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

• Travel: Free of charge, it allows customers to send/receive money and can be connected to GooglePay, Apple Pay and FitbitPay. Cards are available at EUR 9.99 each.
• Premium: EUR 7.99/month, with up to 3 credit/debit cards free of charge. Additional features are available in this plan, but at an additional cost.
• Premium SuperGreen: EUR 16.99/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/