Hey bunqers 🌈
Want to learn more about the bunq Free plan? You’re in the right place! Let’s dive into the FAQs 🚀
How is bunq Free different from the other plans?
bunq Free has the essential you need to get started with bunq ✨
With bunq Free, you get the flexibility to mix and match up to 3 Bank Accounts, whether it's a Savings Account, Multi-currency Savings, Foreign Currency Bank Account, or a regular Bank Account - tailored to your needs. Plus, enjoy a Virtual Card (Debit or Credit) that works seamlessly with Apple Pay and Google Pay, giving you effortless control over your finances.
Ready to grow your money? Start investing in Stocks with as little as €10!
You can see all of the cool plans we currently provide here.
Who can use bunq Free?
The Personal bunq Free plan can be used by anyone who wants to try the essentials to get started with bunq.
The Business bunq Free plan is only available for freelancers. Further information about the eligible legal forms can be found here.
Are my funds insured?
Of course! All funds on your bunq Free account are covered up to €100,000.00 by the Deposit Guarantee Scheme of the Dutch Central Bank.
How many Bank Accounts can I have?
As a bunq Free user, you can enjoy a combination of 3 Bank Accounts of your choice: Savings Account, Multi-currency Savings, Foreign Currency Bank Account, or a regular Bank Account.
What’s my interest?
Personal Accounts [Changes Effective as of July 19, 2024]
Your threshold amount for receiving bonus interest is the highest savings balance reached between January 1, 2024 and June 30, 2024. From July 1, 2024 to December 31, 2024, you accrue a base interest rate of 2.01%* on your savings balance up to this threshold amount. Any balance exceeding this threshold amount earns a bonus interest rate.
For 🇪🇺 EEA Residents who signed up for bunq on/after July 1, 2024
- You didn’t have any savings balance between January 1, 2024 and June 30, 2024 so your threshold will be 0. Therefore, you’ll receive a variable bonus interest rate (currently 3.36%*) on all your savings up to €100,000 until December 31, 2024
For 🇪🇺 EEA Residents who signed up to bunq before July 1, 2024
- The highest savings balance that you reached between January 1, 2024 and June 30, 2024 determines your threshold amount.
- Between July 1, 2024 and December 31, 2024:
- You’ll get an annual variable base interest of 2.01%* up to your threshold amount
- You’ll get an annual variable bonus rate (currently 3.36%*) on any additional funds deposited between July 1, 2024 and December 31, 2024 that are above your threshold amount.
The system will automatically reset itself on January 1, 2025: your threshold amount will then be recalculated to become the highest savings balance you reached between July 1, 2024 and December 31, 2024. Then, between January 1, 2025 and June 30, 2025, you’ll earn the base interest rate up to your new threshold and the bonus rate on balances over the threshold amount.
*The base rate and the bonus rate may be subject to change before December 31, 2024.
For 🇺🇸 USD and 🇬🇧 GBP Savings Accounts:
- Annual variable rate of 3.01%
Business Accounts
For 🇪🇺 All EEA Residents:
- Annual variable rate of 1.05%
Further information can be found here.
Do I have a card in my account?
As an bunq Free user, you have the convenience of using your Virtual Card (Credit or Debit) without needing to transfer funds to a different bank - it's all seamless 🎉
Your Free Credit Card will be automatically displayed as a tile on your Home screen for easy access. If you're interested in finding out more about this Free Credit Card, check this topic.
Is there a maximum or minimum deposit?
No, the amount of the deposit is up to you!
Is deposit holding fee applicable?
As of December 1, 2022, bunq will no longer be charging a safekeeping fee at all! Check more here
When and how can I withdraw my funds?
To encourage you to save the money for your next vacation, we've limited the withdrawals to 2 per calendar month. Here's how you can withdraw your funds:
- Go to the 🏠 Home tab
- Tap on your Savings Account
- Tap on Withdraw All
- Select a Bank Account to withdraw the money to
- Withdraw ✨
Further information can be found here 🙌
Related topics
Want to learn more? Explore more bunq knowledge here ✨
