Hey bunqers 🌈
With bunq, you save money on conversion when spending abroad by getting the real exchange rate. Soon you’ll also be able to receive, convert, hold and spend in multiple foreign currencies without having to leave your bunq app with Local Currencies.
To enable this we need to create and maintain a complex Network of branches, entities and partnerships that come at a significant cost. Additionally we need to cover the risk of currency fluctuations whilst the FX markets are closed. To cover these costs we’re introducing a ‘Network fee’ of 0.5%.
How does that apply to me?
The Network fee applies to currency exchange services. ZeroFX will continue to give the real exchange rate for all our Easy Money and Easy Green users. This applies to all card payments and the newly introduced currency conversions from the bunq app. Here’s a more detailed explanation on how the Network fee will work:
With card payments the Network fee is applied as it follows:
- Easy Bank ➡️ MasterCard FX fee 1.5% + Network fee 0.5%
- Easy Money ➡️ Network fee 0.5%
- Easy Green ➡️ Network fee 0.5%
Conversion in the bunq app
- The Network fee is applied to all conversions in the bunq app regardless of your plan.
For more information, you can refer to our Terms and Conditions here
Want to learn more?
Explore more bunq knowledge here 🌈