Are you a UK resident? Here are some quick tips to help you get the most out of your bunq account. 🙌
bunq is a SEPA bank
bunq is an online bank based in Amsterdam 🚲 which explains why the country code in the beginning of your IBAN is NL, for The Netherlands. 🇳🇱
Like any other IBAN provided by a bank within the SEPA region (Single Euro Payment Area), your bunq IBAN will be accepted by merchants and employers since European countries have agreed on this simplified IBAN system to facilitate international transfers within Europe. Read more here.
As a SEPA bank, bunq supports bank accounts in Euros. 👉 This means that you can receive money in your account only if these have been converted to EUR beforehand.
And when it comes to receiving funds in a foreign currency, you can always count on TransferWise to be there as an intermediary bank to handle this for you!
Our app also has a built-in integration with TransferWise that lets you send money to foreign accounts. Click here to find out more.
Can I use bunq to pay in the UK?
You can use your bunq cards almost anywhere! This means that all kinds of physical and online shops in the UK will accept your bunq card as a means of payment. As long as you have enough balance on your account you can count on our credit and debit cards to be there for you - wherever and whatever the currency! We charge you nothing additional to the currency rates as set by Mastercard for these transactions.
To keep your funds safe, you can also choose which countries are enabled for your card! Tap here to see how to do that.
When it comes to making ATM transactions in the UK, make sure to choose for the local currency when paying or withdrawing from an ATM, for bunq to convert the transaction with ZeroFX. ☝️
Can I receive payments with checks?
We’re here to break free from the status quo and create the bank with you in mind. By building from scratch a bank tailored to your needs, we've focused on the core banking services. We strive to offer you a world-class banking experience and to do this we've stripped our banking services from all the extra financial services that would bring us out of focus.
While it’s not possible to cash in a check at bunq, you can use several top-up options to receive money on your bunq account, or opt for TransferWise for international payments.
Want to learn more?
Explore more bunq knowledge here. 🌈