bunq Update 18: Local IBANs 🌍
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. Easy Money Personal and Easy Green Personal users can start exploring this feature. 😎
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 .
How do I create a Local IBAN
- Go to the Home Tab
- Press on the + Add Accounts
- Select Local IBAN
- Click on “Get a Local IBAN”
- Choose your new IBAN
- Verify your identity if needed and you’re good to go 🎉
How do I verify in order to get my Local IBAN?
Please keep in mind that we may ask you to verify your identity again to get a local IBAN. But no worries, you can do this in minutes from your phone as we explain here. 🤳
When you apply for a foreign sub-account, we have to run some more checks and this can include an additional verification to comply with the local regulations. This is why we charge our personal users a small one-time fee of €9,99 and business users - €29.99. This fee is applied for each Local branch you choose.
For example: for your first opened German IBAN you’ll be billed €9,99 and every next German IBAN has no additional fee. Then if you choose to open a French IBAN, you have to pay the same fee again under the same regulation.
See more information in our pricing sheet and in our Terms & Conditions
Want to learn more?
Explore more bunq knowledge here 🌈