Bunq enters ireland

You only pay 12 cents per ATM withdraw in the republic.

The card is not connected to a credit account, so it does not attract stamp duty because stamp duty is not on the card but the credit account.

That is kind of missleading, you can deposit as much as you want via bank transfer, only if you top up with debit or credit card than you will be charged 0.5% for EEA cards or 2.5% for non-EEA cards if you go over 500€.

Been using them since 2016, no issues. Around 30k between current and savings accounts.

Waiting a week to be verified, still not complete. Is it normal to take so long?

Email from Bunq:

Hey ___,

You can count on us to always give you the best possible interest on your savings. Although the European Central Bank has lowered interest rates recently, we are now introducing a bonus interest rate of 3.36% to reward extra savings.
How does the bonus interest rate work?
Your base rate is 2.16%
Every half year, you get a bonus rate of 3.36% on savings that surpass your highest savings balance of the previous half year.
This means that all funds you deposit before December 31 that surpass €___ will earn you a massive 3.36%!
To see an example of how we calculate your new weekly interest payouts, visit Together
The changes above come into effect on July 19, 2024. Add money to your Savings Account today and start earning the additional 3.36% interest (up to €100.000) on your weekly Paydays.

Just discovered they brought in "Delayed Payments" in June as a security measure. Some payments can be delayed by 24 hours! You can turn it off in the app but there is a further delay of 24 hours before this happens! It's kind of ironic as they also offer instant payments which a lot of Irish Banks don't offer yet.

Ive had the Bunq app on my phone for maybe over a year but never went to set it up. Set it up today in about 5-10 minutes.

Considers me a new customer as I never registered previously so have the 3.36% interest rate. Now I have nothing in the account yet but have sent a test amount of €100 which wont land until tomorrow, 27th at this point.

Reading their terms below, my interpretation is that I should leave that €100 in there until January. This way, anything above €100 would be elgible for the 3.36% savings rate (unless they change this in the interim). Am I picking this up correctly?

Alternatively, I could send a larger amount into the account before December 31st deadline and get the 3.36% this way. A bit reluctant to do it this way right now as Im on the tail end of mortgage business and should be drawing down by the end of January fingers crossed….

• If you’ve signed up for bunq on/after July 1, 2024You didn’t have any savings balance between January 1 and June 30, 2024 so your threshold will be 0. Therefore, you’ll receive a variable bonus interest rate (currently 3.36%*) on all your savings up to €100,000 until December 31, 2024

• If you’ve signed up to bunq before July 1, 2024The highest savings balance that you reached between January 1, 2024 and June 30, 2024 determines your threshold amount. Between July 1, 2024 and December 31, 2024:You’ll get an annual variable base interest of 2.01%* up to your threshold amountYou’ll get an annual variable bonus rate (currently 3.36%*) on any additional balance deposited between July 1, 2024 and December 31, 2024 that are above your threshold amount.

The system will automatically reset itself on January 1, 2025: your threshold amount will then be recalculated to become the highest savings balance you reached between July 1, 2024 and December 31, 2024. Then, between January 1, 2025 and June 30, 2025, you’ll earn the base interest rate up to your new threshold and the bonus rate on balances over the threshold amount.

*The base rate and the bonus rate may be subject to change before December 31, 2024.

Mass Interest calculation

From July 1, 2024 to December 31, 2024 you’ll earn 2.01%* interest on your savings balance up to your threshold amount (i.e. the highest savings balance you had from January to June 2024). This amount will also determine your threshold. Any money you add after July 1, 2024 that is over and above this threshold will earn a bonus interest (currently 3.36%*).

The more you save, the more you'll benefit from our 3.36%* interest rate.

Cant delete post fully

Bunq free does not offer join savings accounts.

You either need to upgrade to a paid plan or get an Invite from bunq Core, Pro and Elite users.

Check Plans | bunq to see what is possible on the free plan.

I still have an old join savings account called "savings goal"

It has the same iban as before NL13BUNQ.....

Do you know if i can still use it and send money in 2025 to avail for the 3.3% ?

Thanks