What's a Joint Account and how do I create one?

bunq · Apr 26, 2022

Hey bunqers 🌈,

Sharing a Bank Account with friends or loved ones has never been easier! Joint Accounts allow multiple users to manage shared finances effortlessly. This feature is available for Personal bunq Core, Pro, and Elite users 📲

What's a Joint Account?

A Joint Account allows 2 or more legal owners to share and manage a payment account together.

✔ Instant notifications for all transactions.
✔ All funds are shared, including any negative balances (Learn more).

📝 Requirements: Each co-owner must have their own bunq account before creating a Joint Account.

How do I create a Joint Account?

You can invite both bunq and non-bunq users. If your partner is a non-bunq user, they will need to sign up and accept the invite. Here’s how you can create a Joint account:

Existing user

Follow the steps mentioned below:

Go to the 🏠 Home tab
Tap on 🟣 +Add
Tap on 🟢 Add Bank Account
Tap on "Joint Account"
Select Partner(s)
Personalize your account
Done! ✅

New user

Open the app
Tap on “Try for free"
Select account type
Fill in your email address and telephone number
Add your personal information
Add your partner’s information and send them an invite
Start the verification process by verifying your identity

How many people can I invite?

A Joint Account can have up to 10 people (you + 9 others), and all co-owners share equal rights to the account. Once a Joint Account is created, co-owners are permanently assigned and can’t be removed or changed..

How can I accept a Joint Account invitation?

Go to the 🏠 Home tab
Select the pending the Joint Account
Tap on the ✅ under the invitation
“Accept Invite”

Once everyone accepts their invitations, your Joint Account will become active.

How can I set Easy Budgeting on my Joint Account?

If you’re a bunq Pro or bunq Elite user, you can easily set up Easy Budgeting on your Joint Account. Here’s how:

Go to the 🏠 Home tab
Select a Joint Account
Tap on ⚙️ Settings
Select Easy Budgeting
Enable Easy Budgeting
Set your budget's metrics
Tap Save

How can I sort my salary to my Joint Account?

If you’re a bunq Pro or bunq Elite user, you can sort your salary to your Joint Accounts. Here’s how:

Go to the 🏠 Home tab
Tap on your Joint Account
Go to ⚙️ Settings
Tap on Salary Sorter
Follow the rest of the flow

How can I move my unspent budget to my Joint Savings Account?

Go to the 🏠 Home tab
Select your Joint Account
Tap on ⚙️ Settings
Select Easy Budgeting
Scroll down and tap on Rest of the Budget
Select your Joint Savings Account

How can I close a Joint Account?

Go to the 🏠 Home tab
Tap on the Joint Account
Select Settings
Tap on Close account

Good to know

A Joint Account counts toward the 25-account limit for bunq Pro and bunq Elite, and the 5 Bank Account limit for bunq Core;
Once a Joint Account is closed, it can’t be reopened;
If one co-owner closes the Joint Account, it must be closed for all owners since the right to close it is shared equally;
If a Joint Account is set as the billing account invoices for the connected Personal accounts will also be deducted from it;
You can request a Switch Service for a Joint Account as explained here;
A Joint Account can’t be set up with a Business user, but you can Share Access to a Personal account through Shared Access;
In the Joint Account transaction history, you can see who made each payment by checking the profile picture next to the transaction, making it easier to track expenses;
bunq Free users can join unlimited Joint Accounts but can’t create them. These do not count toward the 3-account limit of the bunq Free plan.