Hey bunqers 🌈
With bunq ZeroFX all our Easy Bank Pro and Easy Bank Pro XL members can enjoy the freedom of paying abroad without currency exchange fees.
What does this mean?
Normally, when you make a payment or withdraw cash at an ATM in a non-Euro currency, a 1.5% currency conversion fee applies. For Easy Bank Pro and Easy Bank Pro XL users, we’ve removed this fee! This means that when you pay in a non-Euro currency, we’ll apply the real Mastercard exchange rate including 0.5% for currency fluctuation prevention.
Do I need to activate ZeroFX?
Nope! ZeroFX is activated by default for all Easy Bank Pro and Easy Bank Pro XL users. It applies to all your cards, and you can always double check this by checking your card details. Here’s how to do it:
- Go to the 🏠 Home tab
- Tap on your card
- Check if it has the ✅ZeroFX label
What is currency fluctuation prevention?
Currencies fluctuate continuously. To prevent these fluctuations from negatively impacting your account, we averaged them out by adding a 0.5% currency fluctuation prevention to the latest available rate when the markets are open. This means you’ll sometimes have a slightly worse rate, and sometimes have a slightly better rate. But over time this averages out, providing you the best possible rate when spending in non-Euro currencies.
How does that apply to me?
The currency fluctuation prevention applies to all currency exchange services within bunq: card payments, ATM withdrawals, and converting your funds between your local currency accounts.
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