Your bunq account is a Dutch SEPA account in EUR. That is why all money sent to your account will have to be converted to EUR beforehand.
What is SWIFT?
SWIFT payments are international transfers processed via the SWIFT international payment network unlike regular SEPA payments. This network is one of the largest in the world. Most of these payments are coming from banks that are not within the SEPA region. 🌍
How long does it take to arrive?
Normally SWIFT payments are received in 2-3 working days, but they can take up to a week to arrive. SWIFT payments are more complex and time-consuming to process, so we apply a processing fee. You can find the fee in our pricing list
When you would like to send and receive payments in different currencies, we recommend using TransferWise as an intermediary bank. Transferwise makes it faster and cheaper than traditional banks to send and receive payments in 39 different currencies!
You can also rely on our app’s built-in integration with TransferWise to send money to foreign accounts! 🙌
Want to learn more?
Explore more bunq knowledge here. 🌈