At bunq Update 14, we showed you the all-new bunq app that makes life easy. One of the many things we simplified was signing up at bunq.
And today, we’re launching V3 for everyone! Starting today, anyone can open an e-money account in seconds and start using bunq!
What’s an e-money account?
When new users download the bunq app they can start using bunq instantly. Once they open their bunq account for the first time, they get an e-money account. No paperwork, no hassle. You simply download the bunq app and you start using it right away, getting to know bunq in an easy way.
How does it work?
Simply download the bunq app, accept the terms & conditions, provide your name and your date of birth and you're good to go! You'll also be able to order a Credit Card or Maestro card, but you'll need to verify your account first by upgrading it to a full bank account and provide your address to get the card delivered 💳
As an e-money user you can only order DigiCards.
What you can do with an e-money account
With your e-money account, you can easily top up your account and use bunq to pay for products and services in the country that you live in.
And if you want to unlock more bunq features, like TransferWise, SWIFT payments and payments via money transfers, you simply upgrade to a full bank account with just a few taps in the app!
Keep in mind that the e-money accounts aren’t covered by the Deposit Guarantee Scheme
How do I manually upgrade to a full bank account?
You’ll automatically be prompted to upgrade after reaching the limits of your e-money account but you can also switch manually to a full bank account:
- Click on the Profile tab
- Select Settings in top right corner
- Select Personal Information
- You can then upgrade your account (make sure to keep your ID at hand!) by tapping on Make sure you're secured
Your account may need verification. Learn more about verifying accounts here. Unverified accounts can also be invoiced, starting right after your 1-month free trial.
Who can open an e-money account?
You can open an e-money account if you live in the following countries: Germany, France, Belgium, Italy, Ireland, Spain, Sweden, Greece, Bulgaria, Croatia, Austria, Czech Republic, Finland, Luxembourg, Lithuania, Malta, Latvia, The Netherlands
My child has opened an account without my knowledge
The account that has been opened by your child is a so-called e-money account. Under European regulations, we're allowed to offer these accounts without verifying the identity of the person opening the account. To avoid fraud and other misconduct, these e-money accounts are limited in their functionalities. This is why your child was able to open their account without any parental approval. In case your child wants to open a full bank account with us, you should give your child permission first. If you want to know how to open an account for your child, please check this page. And in order to keep a full view over your children’s spending, please visit this page
Ready to sign-up? 🌈