New Current Account App bunq.com (Netherlands)

Dardania

Yggr of Asgard wrote: »

I got a free one via a promotion.

Good
Coded as a credit card
Loads of load options from bank transfer to debit/credit card
CCV not on the card but in the app only

Negative
Transaction log is horrible
No Apple / Google Pay yet
Debit card load cost a fee
No signature panel despite signature being a credit card option for US terminals
Limited security options compared to other bunq cards

From the T&C it looks like it is only going to be the ATM tax because no credit is extended so we should not pay stamp duty on it.

So in summary good if you need something thay a shop sees as credit card rather than a debit or prepaid card with the same requirements as a debit / prepaid card (funds available for blocking) and no debt possible.

I think I read somewhere that you can’t do direct debit with this account (whereas you can with the full thing).

The metallic effect for the card is lovely.

Delta2113

"Are there restrictions to the bunq app when purchasing solely a bunq Travel Card?

Yes there are restrictions, Since bunq Travel Card is not a full bank account. As a Travel Card user you won't have access to Premium features such as: Free ATM withdraws, connect monetary accounts, multiple cards (including online cards), bunq.me, making (iDEAL) payments, API keys, Freedom of Choice, Massinterest and the ability to accept direct debits."

Best way to look at it is that it's a standalone product!

Not a full bank account!

revz

I couldn't sign up as currently travelling and they need proof of address. Unfortunate - Monese allowed me to recently, as did TransferWise. Mentioned that to support but they said their hands are tied

Yggr of Asgard

Loads of updates including web interface.

https://www.bunq.com/updates

Delta2113

I've just ordered a bunq travel card and I invited 3 friends so get it for FREE (even if my friends never join).

Interesting that you can change your CVC code.

Rock Paper Scissors

Guys is there a charge for POS transactions on the bunq travel card?



It doesn't say on their website



Cheers

Dardania

Rock Paper Scissors wrote: »

Guys is there a charge for POS transactions on the bunq travel card?



It doesn't say on their website



Cheers

Nope - certainly I've never paid.

0.99 cent for ATM withdrawal is the only one I encountered

Rock Paper Scissors

So if I use the card just for POS transactions and load it via bank transfer the only charge is the 9.99 for the card?

Dardania

Rock Paper Scissors wrote: »

So if I use the card just for POS transactions and load it via bank transfer the only charge is the 9.99 for the card?

Yup - although if someone with bunq already gives you a link you cna get 30% off I think. PM if you want mine.

Rock Paper Scissors

30% off what?

Dardania

Rock Paper Scissors wrote: »

30% off what?

the 9.99 cost of getting the card in the first place. Thought I read it somewhere

Yggr of Asgard

Rock Paper Scissors wrote: »

30% off what?

The 9.99 € initial fee

Delta2113

Get 100% off - sign up via app and invite 3 people via your phone contacts and get the card for FREE.

I even topped up yesterday via PTSB Sepa transfer and money arrived this morning on the card balance.

Rock Paper Scissors

Delta2113 wrote: »

Get 100% off - sign up via app and invite 3 people via your phone contacts and get the card for FREE.

I even topped up yesterday via PTSB Sepa transfer and money arrived this morning on the card balance.

But for this to work and to get the card for free, do the 3 people you invite have to sign up and use bunq?

Delta2113

No and I already statted this previously. I've just used my card online successfully to top up my bin collection company.

Delta2113

Used my Travel Card for the first time at a Supermarket self service. I was doing this to activate the contactless function. An error message came up on the machine and a worker had to come over and put it through.

I never actually used my PIN so I could have been anyone using it. Worker was helpful but I wonder did they bypass the security protocol as I suspect.

I think it was put through as If I had signed for it which I did'nt. Be interesting to try contactless next and see if it work's. I suspect it will.

Dardania

Delta2113 wrote: »

Used my Travel Card for the first time at a Supermarket self service. I was doing this to activate the contactless function. An error message came up on the machine and a worker had to come over and put it through.

I never actually used my PIN so I could have been anyone using it. Worker was helpful but I wonder did they bypass the security protocol as I suspect.

I think it was put through as If I had signed for it which I did'nt. Be interesting to try contactless next and see if it work's. I suspect it will.

I found that I had to activate it at an ATM before chip & PIN would work. Just try to take more cash out than you have.

Delta2113

Curve App to register doesn't seem to like it so far.

Narcissus

If you have a travel card account can you still make transfers? Or is it purely for POS/online transactions?

Yggr of Asgard

Narcissus wrote: »

If you have a travel card account can you still make transfers? Or is it purely for POS/online transactions?

If the travel card is your only bunq account than you can only make card transactions.

Withdraws via bank transfers are limited to full fund withdraw to a bank account in your name.

Yggr of Asgard

New cards. There was speculation that some of the cards were shown as Russian due to the BIN of the cards and hence it created issues using them online.

Here is what I just got:

We launched bunq Travel Card to give you a card that is accepted everywhere, worldwide.

There were a few online stores that didn’t accept the first batch of bunq Travel Cards because of an issue with the card numbers assigned by MasterCard.

To make sure you get the best acceptance everywhere, we are going to send you a replacement Travel Card.

Your replacement will ship sometime in the coming days, and we’ll let you know when it does.

To learn more, tap the link below.
https://together.bunq.com/d/15793-we-re-improving-your-travel-card/2

Dardania

Yggr of Asgard wrote: »

New cards. There was speculation that some of the cards were shown as Russian due to the BIN of the cards and hence it created issues using them online.

Here is what I just got:

We launched bunq Travel Card to give you a card that is accepted everywhere, worldwide.

There were a few online stores that didn’t accept the first batch of bunq Travel Cards because of an issue with the card numbers assigned by MasterCard.

To make sure you get the best acceptance everywhere, we are going to send you a replacement Travel Card.

Your replacement will ship sometime in the coming days, and we’ll let you know when it does.

To learn more, tap the link below.
https://together.bunq.com/d/15793-we-re-improving-your-travel-card/2

Got the email myself also - and it’s a total result for me because I’ve lost my travel card!

My old (lost) card was Russian coded indeed. I’m not sure what the issue is - maybe many shops were trying to charge natively in Rubles?

Delta2113

Got the e-mail just now - maybe we should have a separate thread for just the Bunq Travel Card?

Yggr of Asgard

Delta2113 wrote: »

Got the e-mail just now - maybe we should have a separate thread for just the Bunq Travel Card?

I agree it's such a different product.

So here we go:
https://www.boards.ie/vbulletin/showthread.php?p=110803305#post110803305

Delta2113

https://www.bunq.com/green-card - €99 per year - no thanks!

Yggr of Asgard

Delta2113 wrote: »

https://www.bunq.com/green-card - €99 per year - no thanks!

Well they clearly have identified a market for this giving how quickly 1000 people paid 99€ for a metal version of the travel card that pays 1% cash back in trees.

They just got over 100 K € into their company within a couple of hours for nothing but hype and milking some of their customers feelings.

I say good for them, if there is a market and they have the ability to serve it than why not.

Does not change anything to the current travel card (well you can’t have both at the moment due to an app restriction) and also does not change anything to their account offerings.

Dardania

Yggr of Asgard wrote: »

Well they clearly have identified a market for this giving how quickly 1000 people paid 99€ for a metal version of the travel card that pays 1% cash back in trees.

They just got over 100 K € into their company within a couple of hours for nothing but hype and milking some of their customers feelings.

I say good for them, if there is a market and they have the ability to serve it than why not.

Does not change anything to the current travel card (well you can’t have both at the moment due to an app restriction) and also does not change anything to their account offerings.

They're monetising how to overcome their design decision to have pretty cards that look ****e when scratched

The J Stands for Jay

Just got an email that bunq are doing away with their free product. I'll either have to figure out some way of keeping doing what I'm doing elsewhere, or I'll have to start paying €8 a month.

Yggr of Asgard

McGaggs wrote: »

Just got an email that bunq are doing away with their free product. I'll either have to figure out some way of keeping doing what I'm doing elsewhere, or I'll have to start paying €8 a month.

It's clear they need more paying customers, sooner or later this needs to turn a profit.

But you can get 3 month of free premium out of this accordig to most reports, so you have enough time to search for something unless you like what you see and are willing to pay 7.99 a month for it.

MickH503

What are people's opinions of Bunq these days? Would you recommend it as a replacement for UB & KBC for everyday use in Ireland? I really like the idea of several different IBANs. Are the IBANs linked to the Netherlands? I know it's subjective, but is it worth €8.99 per month? Thanks!