I find in the premium model should at least the foreign fees fall away from 1.5%! 7,99€ per month and foreign currency charges do not go!
The fees for foreign currencies are set aside from the premium package due to the added expenses that they suppose. However we can of course take a look at this and examine it 👍
Thanks for the feedback 🌈
Hi Francesc, What was the outcome of this? You still charge fee of 1.5% ?
We've decided to keep this for now, this because we get extra costs ourselves for these payment that need to be covered.
I hope that explains it :)
How does N26 does not charge any package fee and has no transaction fee for payment in foreign currency either?
Hello Ji 👋
To answer your question, their model and vision looks entirely different from ours as we do not invest your money (other than government bonds which are a requirement).
This is why we have chosen to give you clear costs instead of investing your money 🙂
I totally agree with Oliver.
I love the idea of bunq, the app and the features it offers. However, I think many of us would love to use bunq on vacation, business trips etc where we travel outside the EURO-area. Obviously this is possible, but if you use your bunq card for three weeks of traveling the fees will add up to a second annually premium fee which is simply too much. So I guess right now, most people will use a second account abroad. Are there any ideas/plans on changing that or offering a solution to solve this problem?
Bunq does not cross-finance parts of their products with others. This means, that if you as a customer create additional expenses for bunq (what you do with currency exchanges), you have to pay for the service. I like this approach very much and hope that they will keep it like this!
For your example with the three weeks vacation: If you spend 50€ per day for three weeks, you pay appr. 15€ currency exchange fees in total. This is far away from the current annual bunq premium fee, so the example might be a bit exaggerated.. ;)
Jan, this is a good point - thanks for clarifying. I also support the idea of not cross-financing the services. However, there may be alternative solutions: It could be possible to buy let’s call it a “travel pack”, where you get 5-10 withdraws or you can pay 50 times on a terminal in another currency for x,xx€. It may be easier for bunq to plan these expenses and hence offer a better rate to us.
Regarding your calculation: If I travel for 50€/day and this includes flights, boats, taxi rides, hotel, food, entertainment etc. - not sure if it would be a good trip. 😊
Just as an example I took 5000€ expenses for a trip - this adds up to 75€ fees - still not a full premium membership, but definitely a nice dinner for two. 😊
Ever heard of Revolut? No fees... why can they do it?
Comments have been locked on this page!