New to the Netherlands? 8 reasons why bunq is the ideal bank for internationals

Banking has never been so easy 🌟

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So you just moved to the Netherlands, and you need to sort out your finances. Picking and opening a bank account in a new country doesn’t have to be a hassle — not with bunq, at least. 

This Dutch bank is shaking up the banking and finance sector, so here are eight reasons why we believe bunq is the ideal bank for expats in the Netherlands. 

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1. bunq is THE easiest bank to sign up to

bunq is a completely digital bank, so there’s no need to go to a physical building — which is incredibly convenient for digital nomads and people who often travel for work and school. 

You can access all of bunq’s services on your phone from the comfort of your home, including signing up.

Keep track of all your finances in one place. Image: bunq

You can set up your account with bunq in just a few steps, and while most Dutch banks won’t let you sign up without a BSN (which can take weeks to get), bunq lets you open an account before you get this crucial number.

2. bunq offers different types of accounts for different needs

Whether you’re an expat with a family or an easy-going freelancer, bunq has all kinds of plans for your financial needs. 

Discover the perfect type of bank account for you. Image: bunq

The most common account, Easy Bank Pro, is perfect for users who want the best exchange rates, a local IBAN, and 24/7 online support — for just €9.99 per month. 

Tip: bunq has four main types of accounts: Easy Savings, Easy Bank, Easy Bank Pro, and Easy Bank Pro XL. Each one has different perks and features, including access to physical and digital bank cards, ATM withdrawals, invoicing, and travel insurance, among other needs.

You can also open a subaccount to enjoy a high interest rate on your savings, now a whopping 2.46% in the Netherlands. Who doesn’t want to save a little extra money nowadays?

Speaking of extra money, let’s get to the good stuff: cashback! With an Easy Bank Pro XL account, you can get 1% cashback on restaurants and bars (perfect for that Dutch beer you’ll be drinking) and 2% cashback on public transport. 💸

3. You can pay for things abroad with a bunq account

bunq makes travel expenses a lot easier too. Offering both a debit or credit Mastercard, bunq makes sure you’ll have worldwide coverage — but what’s the difference? 

First, both Mastercard Debit and Mastercard Credit don’t offer spending credits, so it’s easy to keep track of the money coming in and out of your accounts. 

You can access your Mastercard Debit easily via your bunq accounts, which makes it super easy to pay for things like meals and souvenirs when travelling abroad.

Pay for your holidays and travel, stress-free. Image: Freepik

Got a bigger travel expense coming up, such as a car rental or your hotel room? Then you’ll likely be asked to pay a deposit ahead of time. That’s where your credit card comes in.

With your Mastercard credit card from bunq, you enjoy the full extent, perks, and acceptability of a normal credit card — without the risk of accumulating debt. Win-win!

4. You can save money when exchanging currencies with bunq

Sending money home is a common thing to do when you’re living and working abroad. Luckily, transferring money has never been easier. 

Currently, bunq allows you to send money in 39 different currencies without charge. The only thing you need to take into account is the real exchange rate.

Transferring money across the world is so much easier now! Image: Depositphotos

You can save up to 3% on each transaction, which is perfect for someone who travels a lot or needs to transfer money often.

5. bunq’s app and customer service operate in seven languages

When it comes to complicated questions about your finances, you want to be able to understand everything clearly. 

That’s why bunq offers you the ability to read their website and operate the app in seven languages: English, French, Spanish, Italian, German, Portuguese and, of course, Dutch. 

If you need help from bunq’s customer service team, you can also talk to them in any of the seven languages above.

Tip: If you would rather talk to someone in a language other than the seven offered in the app, that’s also possible. The customer service chat feature is enabled through Google Translate, so you can get your questions answered and problems solved in a language you’re comfortable in.

6. You can plant trees by spending money with bunq

People are becoming more conscious of the environment, and it is especially important for us to try to lessen our impact on the climate. bunq allows you to do just that. 

READ MORE | How do the Dutch feel about climate change?

By simply spending money with bunq, you contribute to a greener planet. How so, you ask? Well, for every €100 you spend with your Easy Bank Pro XL account, bunq plants a tree. 🌳

Banking made sustainable! Image: bunq

(We’re not encouraging financial irresponsibility, of course — but even if you’re bad with money, you won’t be bad for the planet with your Easy Bank Pro XL account. 👀) 

Don’t have Easy Bank Pro XL? No worries! bunq also plants one tree for every €1,000 spent with any other subscription.

It won’t singlehandedly save the planet, of course — but luckily, bunq also lets you choose how the company’s money is invested. No coal mining or gambling companies? No problem!

7. bunq will help you with fraud detection and resolution on-the-go

It’s basically everyone’s worst nightmare to realise you’ve lost your bank card or that you’ve been the subject of fraud. 

With bunq, it’s easy to protect your money. If you realise you left your card in a restaurant or shop, then you can instantly freeze it on the app — no need to make calls and listen to Muzak hold music. 

Even better, bunq’s optional localised card protection feature gives extra protection by only letting card payments be authorised if they happen within a 100-kilometre distance of your device.

Quickly find out what’s going on with your bank account with bunq’s customer service and fraud detection services. Image: Freepik

You can also opt to get a notification each time your card is used so that any suspicious payments will be obvious to you instantly. 

8. You can get travel insurance for you and your family

Travelling is great — but it’s even better when you can enjoy it knowing you’re insured if anything should go wrong. With bunq, you can do just that.

With an Easy Bank Pro XL subscription, you can take advantage of bunq’s travel insurance of up to €2,500,000. 

The best part? If you’re travelling with your family, the insurance applies not only to you but also to your loved ones who are joining your adventure. Does it get any better than this? We think not.

Travel with peace of mind. Image: Depositphotos

To be eligible for this perk, you must: 

  • Have an Easy Bank Pro XL subscription;
  • Not be travelling against medical advice;
  • Be under 75 years old at the start of your trip; and
  • Comply with the requirements of your public transport carrier while travelling.

Ready for bunq? Here are your account options

Everything about bunq feels like the future. If you’ve decided that this is the bank for you, then all that’s left to do is to decide what sort of account you want with them.

Consider different banking options to find the one that suits you best. Image: Freepik

bunq for the people

A personal account at bunq has loads of advantages, but the two that stuck out to us were the high-interest rates you get on your money — up to nine times what you get at other banks, paid monthly.

On top of that, bunq only invests ethically, so your money won’t end up funding climate change.

Review your personal finances easily. You can even share accounts with a partner! Image: Freepik

You can have up to 25 sub-accounts so you can save money for a house, that trip abroad, or plane tickets to see your family.

bunq for businesses

bunq does also have options for business bank accounts if you want to get extra perks for your company or freelance business, or if you just want to keep your business expenses on a separate account away from your personal finances.

READ MORE | ZZP? The ultimate guide to being a freelancer in the Netherlands in 2023

Say goodbye to confusing jargon and language barriers! Equipped with a simple, sleek interface, innovative features, and an easy-to-use banking system, bunq is the perfect bank for anyone’s financial needs. Now go forth with a new sense of financial freedom!

Have you used bunq before? Tell us about your experiences in the comments below.

Feature Image:bunq
Ailish Lalor
Ailish Lalor
Ailish was born in Sydney, Australia, but grew up by a forest in south-east Ireland, which she has attempted to replace with a living room filled with plants in The Hague. Besides catering to her army of pannenkoekenplantjes, Ailish spends her days convincing her friends that all food is better slightly burnt, plotting ways to hang out with dogs and cats, and of course, writing for DutchReview.

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  1. My experience with Bunq has been far from stellar: clumsy registration process (especially the documents upload part), unresponsive client support which was closing my tickets without explanation. I’m probably one of the few who had those issues, but I’ll definitely not rely on them as I don’t feel safe putting my money on a Bunq account.


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