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
- For 🇪🇺 EUR Savings Accounts
You can earn an annual bonus MassInterest on your savings all year long when you save more than your personalized starting point, called a "threshold." This threshold is based on the highest amount you saved in your account over the past 6 months. It gets calculated twice a year - on January 1 and July 1.
Here’s how it works:
- You earn an annual base interest rate, currently 2.01%*, on savings up to your threshold.
- If you save more than your threshold, you’ll get the current annual bonus rate of 2.67%* on the extra amount.
If you didn’t have any savings in your account or if you've just joined bunq and opened a Savings Account during the 6-month period before the threshold calculation, your threshold will start at €0. This means you’ll receive the current annual bonus rate of 2.67% on all savings until the next calculation.
* The base rate and the bonus rate are variable and are subject to change.
- For 🇺🇸 USD and 🇬🇧 GBP Savings Accounts:
- Annual variable rate of 3.01%*
* The USD and the GBP rates are variable and are subject to change.
Business Accounts
- For 🇪🇺 All EEA Residents:
- Annual variable rate of 1.05%*
* The business interest rate is variable and is subject to change.
- For 🇺🇸 USD and 🇬🇧 GBP Savings Accounts:
- Annual variable rate of 2.3%*
* The USD and the GBP rates are variable and are subject to change.
Further information about Multi-Currency Savings Accounts 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 ✨
