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Bunq vs N26: Which banking app is better for your money? 2022

Bunq vs N26: Which banking app is better to your cash?

Many start-ups compete for purchasers within the monetary tech (fintech). Cash switch and challenger banks want to substitute legacy banks and companies which were round since many years. That is completed by offering mobile-first, environment friendly, clear, and low-cost functions. Fintechs are sometimes focused at people and companies who journey regularly, work overseas, promote world merchandise, or freelance.

This Bunq vs. N26 overview will present you the way these on-line banks evaluate with one another. We’ll reply all of your questions on Bunq or N26. We are going to study N26 Bunq variations and similarities.

Bunq and N26 are two fascinating fintechs that make headlines recurrently. Let’s evaluate and distinction their merchandise, providers and plans for EU clients.

Choose a Mobile Banking App/Firm

The most effective cellular banking app relies upon upon three elements: your monetary targets, wants, and price range. These features will provide help to select the best accomplice and firm.

First, assess your wants. Earlier than evaluating monetary apps, contemplate your necessities. You might want flight insurance coverage due to your frequent travels. You might also request cost usually and want to make it simpler by utilizing a custom-made hyperlink.

Know your monetary targets. Cellular-first banks are nice for on a regular basis monetary transactions. However what if you’re seeking to make investments or get a tax-exempt account? Many challenger banks don’t provide sturdy investing platforms. Tax-free accounts are additionally uncommon. To attain your targets, it’s possible you’ll have to both look elsewhere or proceed with the established order.


Take into account your price range. Neobanks provide free accounts/plans. Nonetheless, customers might want to pay for extra advantages and options. That is the freemium mannequin utilized by 1000’s of tech firms. With the goal of turning customers into premium accounts, they provide free plans. Second, the month-to-month subscription charges or plan charges might be over 100 euros, kilos, and {dollars} every year. For some, nevertheless, month-to-month subscription charges will not be sensible or financially prudent for his or her financial savings or debt obligations.

Bunq vs. N26: Which Is Better?

Commonplace Options


To compete with conventional banks and their rivals, fintechs and neobanks proceed to develop new services and products. One firm might not have what one other firm has immediately. Nevertheless it would possibly provide it in a couple of months or a 12 months. You do not have to fret about lacking out within the long-term. These options are widespread in Challenger financial institution apps:

  • Financial institution playing cards, digital and actual
  • All transactions obtain prompt push notifications
  • Analytics and categorization
  • A number of accounts can be found that can assist you save and obtain your budgeting targets. This isn’t the identical factor as an interest-bearing financial savings financial institution.
  • There are not any overseas trade charges for purchases overseas
  • Switch cash to different customers without spending a dime
  • Arrange recurring funds
  • Print and obtain your account exercise
  • Connectivity to 3rd social gathering apps, comparable to Apple Pay or Google Pay
  • You possibly can lock or unlock your card at your personal discretion, comparable to whether it is misplaced or stolen.

Bunq Overview

Bunq, also called “bunq”, was based in 2015. It’s a absolutely licensed Dutch cellular banking financial institution that operates throughout the EU. You’ve the liberty to save lots of, transfer, switch and make investments your cash. It’s on a mission: to disrupt the established order, create a financial institution that serves clients.

Bunq is dedicated to transparency, progress, and freedom of selection. Bunq claims to be the one financial institution the place you’ll be able to determine what occurs to your cash. They will not promote your private data.

Bunq is accessible within the Apple and Google Play app retailer and in addition gives an online utility. Trustpilot charges Bunq as “Common”.

N26 Overview

N26 was based in 2013 and is the primary cellular financial institution that the complete world loves to make use of. Clients within the EU, USA, and all over the world can entry cellular banking providers. It gives worldwide cash transfers, investments and overdrafts in addition to money withdrawals and in-store deposits.

N26 is concentrated on cash administration. Clients can handle and management all features of their banking data by way of a smartphone app. A typical N26 account might be opened in a matter of minutes, is paperless and would not value something. The services and products supplied by N26 differ relying on the place you reside.

N26 is accessible within the Apple and Google Play app shops. It additionally gives an online utility. Trustpilot charges it as “Common”.

Income Fashions

Bunq earns cash by paying plan subscription charges. Bunq shares income or collects charges from third-party service and product preparations. For instance, it companions with Smart to supply cash switch providers. It earns cash via card top-ups and deposits, withdrawals, safekeeping, card issuance, and safekeeping. There are charges charged to enterprise clients that will not be relevant to people. Click on right here to view Bunq’s fees.

N26 earns cash by plan subscriptions, money administration, overdraft charges, and mortgage charges. It could share revenues with third-party service suppliers, comparable to a partnership settlement with Smart that permits cash switch providers. It earns cash via card issuance and emergency money advances (ECA). It costs charges for cost reminders and investigation requests, in addition to choose financial institution inquiries and non-standard accounts. It costs enterprise clients charges that will not be relevant to shoppers. Click on right here to view N26’s fees.

Merchandise & Providers


Bunq’s merchandise & providers differ relying on which card/plan you’ve gotten and the place you might be positioned.

  • Analytics and budgeting
  • Present account
  • Administration of bills
  • Account with interest-bearing potential
  • Worldwide financial institution accounts particulars
  • Joint account
  • Switch cash
  • Multi-currency account
  • On-line cost
  • Reductions and perks
  • Shield your self with buy
  • Account for enterprise

Distinctive options differ relying on which card/plan you’ve gotten

  • Take part in inexperienced and environmental initiatives.
  • Spherical up your funds and it can save you the distinction immediately
  • Automated VAT setting apart on a checking account.
  • Notes to receipts and funds
  • To assist buying selections, you’ll be able to predict future balances.
  • To gather funds, use a private hyperlink
  • Monitor and divide your group and social prices.
  • Siri can be utilized to talk instructions and handle your accounts.
  • You possibly can select how Bunq will make investments funds which can be at present sitting in your account.
  • All of your loyalty playing cards might be accessed from one location.
  • Hold observe of all subscriptions.
  • Bunq companions provide reductions and offers
  • Buy safety and prolonged warranties can be found to make sure that you store with confidence.
  • That will help you handle your cash, get future stability predictions
  • For simple administration, scan receipts and invoices.


The next N26 services or products can be found (relying upon the cardboard/plan, nation):

  • Credit score
  • Present account
  • Account with interest-bearing potential
  • Insurance coverage
  • Switch cash
  • Overdraft
  • Reductions and perks
  • Private mortgage
  • Account for enterprise

Distinctive options differ relying on which card/plan you’ve gotten

  • Direct deposit permits you to receives a commission up two days earlier than the due date
  • To save cash to your targets, you’ll be able to open 10 sub-accounts referred to as “Areas”.
  • Invite as much as 10 individuals to deposit/withdraw funds between their Areas accounts.
  • #Tag your transactions and categorize spending
  • LoungeKey provides you entry to over 1,000 airport lounges all over the world.
  • Get unique accomplice perks.
  • Log in utilizing your fingerprint
  • Instantly within the app, disable and allow funds overseas
  • Buy journey, product and medical insurance.
  • Divide any funds you’ve gotten made over the past 4 weeks into equal installments.

Comparability of Merchandise

Bunq N26
GBP account No No
EUR account Sure Sure
USD account No Sure
Financial savings account Sure No
Borrowing No Sure
Overdraft No Sure
Switch cash Sure Sure
Insurance coverage No Sure
Investing No No
Cryptos No No
Joint account Sure No
Account for a scholar/teenager No No/sure


Bunq and N26 provide a number of subscription plans. Annual funds upfront might scale back prices.

Plan A Plan B Plan C/D
Bunq EUR2.99 EUR8.99 EUR17.99
N26 No value EUR4.90 EUR9.90/EUR16.90


Each Bunq and N26 have an awesome popularity. Bunq deserves extra consideration. N26 is the preferred. Bunq gives options and merchandise that N26 doesn’t. Bunq, for instance, gives a number of playing cards and voice instructions. Bunq, alternatively, would not provide private loans or journey insurance coverage. N26, nevertheless, gives these perks. Each firms can be found in chosen international locations inside the EU, whereas N26 is accessible for US clients. It’s attainable to make a good comparability the place there may be overlap comparable to in Spain.

They facilitate cash transfers by way of Smart. This can be a commonality between the 2 firms. Smart permits people, companies, freelancers and vacationers to ship and obtain cash at low charges and pay little or no charges. Smart has been an awesome instrument for me over time.

Bunq and N26 each provide cellular banking providers. N26, nevertheless, has a wider product vary for a extra complete banking expertise. Additionally it is extra revolutionary. These are the explanations I give N26 the sting.

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