Challenger bank Bunq expands to all EU countries
Fintech startup Bunq is launching in 22 additional markets today. It is now going to be available in all European Union markets as well as Norway and Iceland. Overall, users can sign up in 30 countries.
In addition to today’s geographic expansion, the company is enabling Apple Pay and Google Pay support for Travel Card users in the Netherlands, France, Germany, Spain, Italy, Belgium and Ireland.
Bunq wants to create a bank account that works better. Originally from the Netherlands, Bunq is already available in Germany, Italy, Spain, France, Ireland and Belgium.
In those countries, you can open a full-fledged bank accounts. You get your own IBAN and debit card for a monthly subscription fee.
More recently, Bunq also launched a (nearly) free tier called the Bunq Travel Card. The Travel Card is all about saving on banking fees. It isn’t a true bank account, it just complements your existing bank account.
When sign up to the Travel Card, you can top up an electronic wallet and then spend money using your Bunq Mastercard. The main advantage is that Bunq uses the standard Mastercard exchange rate but doesn’t add any markup fee. Most traditional banks charge you 2 or 3
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