What is Bunq?
bunq is an innovative online banking service and financial technology company based in Amsterdam, Netherlands. It was founded in 2012 with the goal of reinventing traditional banking and making it more user-friendly through modern technology.
Some key features of bunq include:
- Full-service bank accounts with IBANs that can be opened entirely via the bunq mobile app in just minutes
- Debit Mastercards and Maestro cards compatible with Google and Apple Pay for contactless payments
- Easy peer-to-peer, international, and SEPA money transfers within the bunq app
- Investing and trading capabilities allowing users to buy stocks, ETFs, cryptocurrencies and more
- Billing and invoicing tools for freelancers and business users
- Joint accounts and dedicated accounts for saving goals like vacations available
- Strong security features like whitelisting, transaction limits, and biometric logins
bunq aims to provide the convenience of an online bank with some unique features not offered by traditional banks. With its modern, user-friendly app interface it targets digitally-savvy millennials and Gen Z users. While initially only available in the Netherlands and wider EU, bunq has grown to over 1 million users across 30 European countries as of 2022.