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  • Why do I need to fill in a Taxpayer Identification Number (TIN)?

Hey bunqers 🌈,

In agreement with other countries to prevent fraud and tax evasion, the Dutch government shares citizens' tax information based on the Common Reporting Standard (CRS).

Why should I provide my Tax Identification Number (TIN)?

A Tax Identification Number (TIN) is a unique number assigned to individuals and entities for tax purposes. Banks, including bunq, are legally obligated to collect TINs from users to ensure compliance with international tax regulations. This applies to bunqers worldwide.

If you are a Dutch resident, providing your TIN (your BSN number) is also crucial for ensuring that your bank accounts are properly registered with Dutch tax authorities or Toeslagen. This step helps facilitate your Dutch Tax Return process.

💡 Tax residency isn’t always based on where you live. You can be considered a tax resident in more than one country. For example, if you are a U.S. citizen, you are required to report income tax to the IRS, regardless of where you live.

Important note: If you were born in the US, keep in mind that our relevant team will ask you to also provide your SSN number. This is due to the same legal reasons we ask you for your TIN 🙌

How do we determine which country you need a TIN for?

Your tax residency is determined based on multiple factors, including:

✔️ The country where you permanently reside or have your main home
✔️ The country where you earn income or conduct business
✔️ The country where you are legally obligated to pay taxes
✔️ Your nationality (e.g., U.S. citizens must report taxes to the IRS even when living abroad)

If you're unsure about your tax residency status, you can check with the local tax authorities in the country where you live or have financial interests.

You can find detailed information on where to locate your TIN based on your country here.

Should I also provide my Social Security Number (SSN)?

Yes, due to these special regulations, we are required to ask all U.S. people to provide us with either their Social Security Number (SSN), National ID, and State of residence or a Certificate of Loss of Nationality (CLN). You’ll have 90 days upon the signup date to provide it by contacting us through our Support Center.

More details on the topic of Security Number (SSN) and Certificate of Loss of Nationality (CLN) can be found here.

When should I provide my TIN?

You have 90 days after signup to provide this. If you fail to meet the deadline, your account will be temporarily limited until we receive the required document showing your Tax Identification Number from you. Are you experiencing difficulties submitting your TIN via the app? You can also submit it by reaching out to our Support Team via the in-app chat.

Where can I find my TIN?

Take a look here 🚀

How can I provide my TIN?

  1. Tap on your Profile in the top left corner
  2. Tap on the TIN event under Awaiting events
  3. Provide us with the relevant proof of your TIN

If no Awaiting event is visible, you should provide it through the Support Center.

How do I update my TIN?

To provide us with your new or additional Tax Identification Number (TIN), please open a ticket via our Support Center. Make sure to attach the necessary proof of your updated TIN.

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