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Local IBANs 🌍

bunq

Hey bunqers 🌈

Local IBANs are here, and they’re the perfect fit for your international lifestyle. Easily add and use IBANs from multiple European countries - all in your bunq app. The feature is available for all verified Easy Bank Pro (Personal and Business) and Easy Bank Pro XL (Personal and Business) users across the EEA 😎

What are Local IBANs?

Local IBANs are a perfect solution if you need to establish a local presence abroad for your personal and business account. For instance, when you’re doing business in multiple countries, travel often to the same place or plan to go abroad for a while to study or work.

Note: If you reside in Germany, France, Spain or Ireland, the app will automatically switch you to your local branch and let you open Bank Accounts corresponding to your location 🙌

How do I create a Local IBAN?

Go to 🏠 Home tab
Tap on 🟣 + Add
Click on 🟢 Add a Bank Account
Select 🟠 Payment Account
Personalize your Bank Account
Choose Local IBAN
Done ✅

How do I verify in order to get my Local IBAN?

Firstly, in order to finish your verification, follow these easy steps:

Open the app
Click here or on the 🟧 "Enjoy bunq Demo and finish signing up for the full experience" pop-up message on the bottom of your Home tab
Confirm your phone number
Select the document and follow the verification flow

What's the difference between Local IBAN and Local Currency?

Local IBANs

Local IBANs are IBANs based on the local Dutch, German, French and Spanish banking metrics and operate in Euro. This means that you open a Bank Account with one of our local branches and your IBAN matches the nationality you've chosen. You can see more on how the Local IBANs work here.

Important note: All the Bank Accounts you open within the app, no matter of the country code in the IBAN, are supported and opened by bunq NL.

Local Currencies

Local Currencies is a feature which gives you the opportunity to send, receive and pay in one of the many local currencies we currently provide. For example, you can have a South African Rand local currency account, but not a South African IBAN. When you open a Local Currencies Bank Account, you're getting a GB IBAN since the foreign currency isn't held in the Netherlands, but in the UK. You can learn all about operating with this cool feature here.

Good to know

If you've been through an iDnow verification flow already - you won't repeat the verification process for your Local IBAN
This feature isn't available for minors, meaning that you must be at least 18 years old in order to use this feature
The currently-available countries for local IBANs are Germany, France, Spain, Ireland and the Netherlands 🌍

See more information in our pricing sheet and in our Terms & Conditions