What Bunq does
bunq is a licensed European bank that runs personal and business accounts in one app, opened with an ID photo and a selfie. It serves individuals who want savings, cards and local IBANs, and businesses from freelancers to teams. Named features include savings with variable interest paid weekly, a digital Mastercard from sign up, physical cards on paid plans, local IBANs in 7 countries, company cards, accounting software connections, up to 25 bank accounts for businesses and 24/7 chat support. Eligible deposits are protected up to €100,000. Personal plans run from bunq Free at €0.00 to bunq Elite at €18.99 per month, with a 30 day Elite trial and free Pro for students.
How Bunq compares with its closest alternatives
3 of the 5 closest alternatives have a free plan, as Bunq does. All 5 offer an API, as Bunq does. Bunq offers a mobile app. Of the 4 alternatives with platforms on record, all 4 offer a mobile app. Bunq was founded in 2012; the alternatives were founded between 1994 and 2015, 3 of them earlier. Bunq is based in Amsterdam, Netherlands; 1 of its 5 alternatives is in the Netherlands too, and the others in Brazil, Sweden and the United States.