Since the beginning of bunq, we’ve actively chosen a different approach to traditional banking by not investing your money in nasty businesses. Instead, you can choose what we invest in with Freedom of Choice or store it as safe and clean as possible at the European Central Bank. Because storing your money safely at the European Central Bank comes with substantial costs, we need to make sure it’s sustainable for both you and us. That's why we've introduced a Safekeeping fee back in 2018 for business accounts and in 2019 for personal accounts. 🏦
Important note: As of December 1, 2022, bunq will no longer be charging safekeeping fee at all! More will be announced soon 🎉
What's the Safekeeping fee?
In order to continue keeping your money safe, as of 1st of March 2021, we’ve introduced the following updated pricing terms for our Safekeeping fee:
- For balances of over €1,000,000, we charge a fee of 6 cents per day, per €1,000 (rounded down) for any funds above the €1.000.000 limit.
Good to know: Keep in mind that all of your invested funds with Easy Investments aren't counted towards your Safekeeping fee.
Update regarding Safekeeping fee as of 1st of October 2022
We’re happy to announce that, starting October 1st, 2022, bunq will no longer be charging any safekeeping fees on balances up to €1,000,000. Furthermore fees for balances over €1,000,000 are reduced by 50%. Learn more about this here 🙌
Example for accounts with balance above €1,000,000 💰
If you have €1,100,000 in your bunq account:
- Your first €1,000,000 would be with no safekeeping fee.
- For every €1,000 above €1,000,000 you’re charged €0.03/per day. In this case - 100 x 0.03 = €3.00/per day.
- This makes your safekeeping fee a total of €3.00/per day.
You can find more detailed information about our Safekeeping fee as well as the pricing of other services in our pricing sheet. 🏷
Do you want to explore more bunq knowledge?
Check out the rest of our Together topics here!