A Dutch bank, called Bunq.com, has entered the Irish, and EU wide, current account market via an app based service.
[broken link removed]
Some interesting features:
- 10 IBAN's linked to your current account.
- Direct Debit requiring approval each time (instead of automatic approval).
- Supports the . (This standard enables online payments direct from your current account and not via a card, not widely accepted standard, outside of the Netherlands yet).
- Allows group current accounts.
- Supports payments to mobile phone numbers.
- Allows electronic payment requests (i.e no need for an invoice).
- Account can be opened without requesting a debit card.
- Proof of EU residency, rather than proof of Irish residence required.
Costs:
- SEPA sending and receiving is free.
- No maintenance charges.
- 9.00 EUR per card which is charged once every 4 years.
- 0.04 EUR per card payment inside the Eurozone.
- 0.04 EUR + 1.2% of the transaction amount for card payments outside the Eurozone.
- 0.80 EUR per cash withdrawal.
- Not the best deal on the market (EBS now offer a free current account with a free debit card with no fees and no conditions attached) but might be of interest to some.
[broken link removed]
Some interesting features:
- 10 IBAN's linked to your current account.
- Direct Debit requiring approval each time (instead of automatic approval).
- Supports the . (This standard enables online payments direct from your current account and not via a card, not widely accepted standard, outside of the Netherlands yet).
- Allows group current accounts.
- Supports payments to mobile phone numbers.
- Allows electronic payment requests (i.e no need for an invoice).
- Account can be opened without requesting a debit card.
- Proof of EU residency, rather than proof of Irish residence required.
Costs:
- SEPA sending and receiving is free.
- No maintenance charges.
- 9.00 EUR per card which is charged once every 4 years.
- 0.04 EUR per card payment inside the Eurozone.
- 0.04 EUR + 1.2% of the transaction amount for card payments outside the Eurozone.
- 0.80 EUR per cash withdrawal.
- Not the best deal on the market (EBS now offer a free current account with a free debit card with no fees and no conditions attached) but might be of interest to some.