bunq

Pricing

• •Business only · Crypto & Blockchain (Regulated)The Crypto Business Account carries its own fees: 2,499 EUR one-off onboarding, a compliance fee of 499 to 4,999 EUR per month based on the average quarterly balance (threshold 2,000,000 EUR), a 2,499 EUR annual review from the second year, a 0.025% transaction fee on the Omnibus variant only, and 250 EUR for each request to raise limits.
• •Crypto runs through the partner Kraken (Payward Europe Solutions Limited, authorised by the Central Bank of Ireland): on bunq Core the service fee is 0.99% on every buy, sell or swap, on top of the spread and of a 'rate guarantee' added by Kraken, with the total shown in the app before you confirm.
• •Crypto runs through the partner Kraken (Payward Europe Solutions Limited, authorised by the Central Bank of Ireland): on bunq Pro the service fee is 0.49% on every buy, sell or swap, on top of the spread and of a 'rate guarantee' added by Kraken, with the total shown in the app before you confirm.
• •Crypto runs through the partner Kraken (Payward Europe Solutions Limited, authorised by the Central Bank of Ireland): on bunq Free the service fee is 1.99% on every buy, sell or swap, on top of the spread and of a 'rate guarantee' added by Kraken, with the total shown in the app before you confirm.
• •Crypto runs through the partner Kraken (Payward Europe Solutions Limited, authorised by the Central Bank of Ireland): on bunq Elite the service fee is 0.25% on every buy, sell or swap, on top of the spread and of a 'rate guarantee' added by Kraken, with the total shown in the app before you confirm.
• •Cash handled through Barzahlen/viacash runs from 50 to 900 EUR per deposit, with 999 EUR per day and 9,999 EUR per month; withdrawals run from 1 to 200 EUR per day, four free each month and 0.99 EUR each afterwards.
• •Personal only · living in DE, FRInterest on Multi-Currency Savings in GBP is 3.01% a year in the EU price list, but the German and French editions of the same price list mark it as not available on this plan and keep it only on Pro and Elite.

Limits

• •Business only · Crypto & Blockchain (Regulated)Default limits on the Crypto Business Account are 1,000,000 EUR per day for outgoing SEPA transfers and 1,000,000 EUR on the instant scheme.
• •Crypto can only be bought from euro accounts, not from Foreign Currency or Savings Accounts, with a minimum of 1 EUR per buy or sell and 1 USD per swap.
• •Personal onlyATM withdrawals are capped at 250 EUR per calendar day while the account has been verified for less than three months, and move to 1,000 EUR per calendar day from three months on; the ATM itself can apply a limit of its own.
• •Through bunq.me the caps are 1,500 EUR per week in total, 1,500 EUR per day via iDEAL, 1,000 EUR per Bancontact transaction, 10 to 500 EUR per debit or credit card transaction and 1,000 EUR per day on bunq Web.
• •Business onlyOn business accounts the daily ATM limit of 1,000 EUR is per card and is also the ceiling: it cannot be raised.
• •Business onlyApart from the ATM limit, bunq does not publish its payment and card limits: they depend on the plan, the account type and the verification level, and are shown only inside the app, under Payments then Limits.
• •Through bunq.me the caps are 1,500 EUR per week in total, 1,500 EUR per day via iDEAL, 1,000 EUR per Bancontact payment, 10 to 500 EUR per card payment and 1,000 EUR per day on bunq Web.
• •The unverified e-money account is the exception: it is excluded from the deposit guarantee scheme, is capped at 150 EUR of transactions in total, has no international payments and no physical or virtual cards, and cannot receive incoming SWIFT until the account is verified.

Payments & transfers

• •The local currency accounts held with the partner Currencycloud have been unable to send to or receive from Russia and Belarus since 9 March 2022.
• •Incoming SWIFT transfers from Russia and Belarus are monitored and can be suspended, with a review that typically takes 48 hours and can run up to 7 days.
• •The list of countries payments can be received from applies to the Foreign Currency Account, the one on the UK IBAN.
• •International Bank Accounts are available to verified users on the bunq Pro and bunq Elite plans, personal and business alike, across the EEA.
• •The 17 currencies other than EUR, GBP and USD have no local collection: they sit on a UK IBAN held with the partner Currencycloud (BIC TCCLGB3LXXX) and are received over SWIFT.
• •Payments out of the currency accounts other than EUR, GBP and USD are 'automatically processed and rejected' against the lists of non-permitted activities and jurisdictions of Currencycloud, which bunq does not publish: they sit on the partner's own site.
• •The euro account is bunq's base SEPA account: a Dutch IBAN by default, plus a local IBAN in Belgium, Germany, France, Spain, Ireland or Italy, either by picking the local branch at registration or through the International Bank Account on the Pro and Elite plans.
• •The account receives euro only: a payment sent to it in another currency bounces back to the sender.
• •The pound account comes with local UK details (sort code and account number) alongside a UK IBAN: sterling sent to those local details travels on Faster Payments and arrives within seconds.
• •The balance sits in the United Kingdom with the partner Currencycloud, on a UK IBAN with BIC TCCLGB3LXXX.
• •The dollar account has an ACH routing number for local collection in the United States, though for some transfers the sender may need to quote the US address of the correspondent bank.

Crypto

• •Business onlyThe in-app crypto product does not exist on business plans: the terms state that 'Business accounts are not supported'.
• •Business only · Crypto & Blockchain (Regulated)Companies authorised or registered as crypto-asset service providers (CASP) under MiCAR can instead open a separate Crypto Business Account, in two variants: Crypto Standard Business Account for the company's own funds and Crypto Omnibus Business Account for third-party funds.
• •Business only · Crypto & Blockchain (Regulated)The Crypto Business Account can be combined with the Core, Pro or Elite Business plans, onboarding is open only to clients registered with an EU supervisory authority, and bunq itself neither holds nor takes custody of crypto-assets.
• •Business onlyThe crypto activities bunq does not accept at all are fiat to crypto exchanges, wallet providers, mixers, mining, ICOs and the management of third-party funds.
• •Safety Shield holds the proceeds of a sale for 24 hours before crediting them.
• •Flexible staking has no lock-up and no fee, but bunq keeps 25% of the earnings, which are paid out weekly.
• •Margin trading is not offered.
• •The crypto product is open only to verified users aged 18 or over who live in 30 EEA countries.
• •Business onlybunq Free Business cannot be paired with the Crypto Business Account: only Core, Pro and Elite Business are eligible.
• •Business only · Crypto & Blockchain (Regulated)Onboarding to the Crypto Business Account is open only to clients registered with an EU supervisory authority, and bunq itself neither holds nor takes custody of crypto-assets.

Business activity

• •Business onlybunq also does not accept the following business activities: manufacture of other chemical products n.e.c., smelting and refining of uranium, other non-ferrous metal production, copper production, lead, zinc and tin production, aluminium production, pension funding (industry, corporate, professional groups, other), participation companies, investment funds (restricted entry, real estate, financial assets), general banks, savings banks, stock credit companies, cooperative banks, central banking, biotechnical research and development (medical, agricultural, other), fund management, guarantee funding, market makers, trust offices, trust companies and related entities, administration of financial markets, political organisations, religious organizations, and ideological or political activities.

Opening an account

• •Business onlybunq Free Business is only available to freelancers: other legal forms have to choose Core, Pro or Elite Business instead.
• •Business onlySignup asks for the business details and for any document bunq requests along the way.

Sanctions

• •bunq publishes the names of the sanctioned Russian and Belarusian banks whose SWIFT payments it cannot process, among them VTB, Sberbank, Promsvyazbank and Belagroprombank.

Licence & regulation

• •Eligible deposits are protected by the Dutch deposit guarantee scheme up to 100,000 EUR per depositor, on personal and business accounts and regardless of the plan.