Hey bunqers 🌈
Receive, convert, hold and spend in your favorite currency without having to leave your bunq app. Now you can create a sub-account and enjoy handling finances in Dollars, Pounds, Swiss Franc, Polish Złoty, Bulgarian Lev, Danish Krone, Swedish Krona, Canadian Dollar, Turkish Lira, Czech Koruna, Romanian Leu, United Arab Emirates Dirham, Australian Dollar, Norwegian Krone, and South African Rand. Convert them within the app anytime✨
Bank like a local by making payments in the local currency from your bunq account. Paying the rent in Dollars is now possible without any intermediary, so you can really feel at home.
Who can use this feature?
The feature is available for our Easy Money and Easy Green users, no additional fee when you open your Local Currency sub-account. 💸
Is there a deposit guarantee for my funds in different local currencies?
We always aim to keep your funds safe and sound with us. Therefore, we work with our counterparty to secure your Local Currency accounts.
The Local Currency accounts are excluded from the Deposit Guarantee Scheme of bunq. Your funds are held in a third-party account which isn't sensitive to any credit-risks from our counterparty. So yes, your local currency deposits are absolutely safe. 💪
Why do I get a UK IBAN on a Local Currency account?
The foreign currency isn't held in the Netherlands, but in the UK.
So, how does it work?
How to get a Local Currencies account?
➡️ Learn more here
How can I add and convert money to my Local Currencies account?
➡️ Learn more here
How can I make a payment in a Local Currency?
➡️ Learn more here
How do I receive money in my Local Currency account?
➡️ Learn more here
What are the Local Currencies Accounts Fees?
➡️ Learn more here
What are my daily Local Currencies limits?
➡️ Learn more here
What's the difference between Local IBAN and Local Currency?
➡️ Learn more here
Can I do a Direct Debit on my Local Currency account?
We're constantly updating our product and adding features, and this one is on the list, but not available yet! 💪
Can I use AutoSave for Local Currencies? 💸
We currently only offer Savings accounts in EUR, which means that payments made via Local Currency accounts won't contribute to your AutoSave account.
What about trees with Local Currencies? 🌳
Trees are planted for each payment over €100. As long as your payment in a local currency is equal to or larger than €100, a tree will be planted.
Are there gonna be more currencies?
Absolutely yes! And this is where you can be heard - vote for the local currency you want to see in our app next right here 💪
Want to learn more?
Explore more bunq knowledge here 🌈
