Bunq has established itself as a forward-thinking digital bank in Europe, offering a comprehensive mobile banking experience tailored for modern users. With its intuitive interface, customizable features, and a commitment to sustainability, Bunq appeals to freelancers, travelers, and anyone seeking efficient financial management.
In this detailed guide, you’ll learn how to open a Bunq account, explore its benefits and drawbacks, and determine if it’s the right digital banking solution for you.
What Is Bunq?
Bunq is a digital bank headquartered in the Netherlands. It operates entirely online and provides personal and business accounts, instant notifications, budgeting tools, savings options, and a sleek mobile app interface. Bunq focuses on providing full control to its users and stands out for its eco-friendly initiatives.
How to Open a Bunq Account (Step-by-Step)
Opening a Bunq account is simple and fast. Here’s how:
- Download the Bunq app from the App Store or Google Play.
- Sign up using your email and create a secure password.
- Fill in your personal information including name, birthdate, and address.
- Verify your identity using a government-issued ID and a short video confirmation.
- Choose the type of account and plan that fits your needs.
- Link your phone and set security preferences.
- Fund your account through bank transfer or debit card.
The whole process can be completed in under 10 minutes.
Bunq Account Plans Overview
| Plan | Monthly Fee | Key Features |
|---|---|---|
| Free | €0.00 | Basic banking functions, virtual card |
| Core | €3.99 | Physical card, payment insights, basic savings tools |
| Pro | €9.99 | Advanced budgeting, sub-accounts (Spaces), joint accounts |
| Easy Green (Elite) | €18.99 | Travel insurance, metal card, trees planted with every €100 spent |
Advantages of Using Bunq
Clean and Easy Interface
The app is built for intuitive use, allowing easy navigation through all banking functions.
Eco-Friendly Banking
Bunq plants a tree for every €100 spent with certain plans, making it ideal for users with sustainability in mind.
Full Financial Control
With tools like “AutoSave” and “Spaces,” users can organize money, automate savings, and set budget goals.
Instant Notifications
Transactions and changes are updated in real-time to increase control and transparency.
International Usability
Accounts support multi-currency options and fee-free transactions across Europe and beyond.
Customization
Users can personalize account settings, sub-accounts, cards, and security preferences.
Disadvantages of Bunq
Monthly Fees
Most of the best features are locked behind paid plans.
No Physical Branches
As a digital-only bank, there’s no face-to-face customer service.
Cash Deposit Limitations
Depositing cash isn’t easy and depends on third-party services.
Complex Plan Options
The variety of plans may confuse users looking for straightforward options.
Is Bunq Safe?
Yes. Bunq is a licensed European bank and complies with strict banking regulations. It uses advanced encryption, biometric authentication, real-time fraud detection, and device pairing to ensure user data and funds are secure. Customer funds are protected up to €100,000 by the official European deposit guarantee scheme.
Who Should Use Bunq?
Bunq is best suited for:
- Environmentally conscious users – who want their spending to support tree planting and green initiatives.
- Freelancers and remote workers – needing a flexible and mobile-first banking option.
- Travelers and expats – who require fee-free international payments and currency flexibility.
- Budget-focused users – who benefit from tools like sub-accounts, instant budgeting, and savings automation.
Final Verdict: Is Bunq Right for You?
Bunq offers a unique banking experience for those who want flexibility, mobile convenience, and eco-friendly services. Its range of tools, personalized controls, and travel perks make it a strong contender among Europe’s top digital banks.
While it might not be perfect for those needing traditional banking support or frequent cash deposits, for tech-savvy and sustainability-minded users, Bunq is an excellent choice in 2025.