Bunq Paying 2.01%-2.67% Instant Access & No Fees

Has anyone taken any large withdrawals out? I opened an easy savings account and I want to put a large chunk of my savings in.
I want to make sure I will get it all back when I need it thanks!
 
cottonmoose said:
Has anyone taken any large withdrawals out? I opened an easy savings account and I want to put a large chunk of my savings in.
I want to make sure I will get it all back when I need it thanks!
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Nothing over a few hundred euro, but I have to say that when I withdraw money from my bunq account it is very easy and very fast.
 
Original said:
Nothing over a few hundred euro, but I have to say that when I withdraw money from my bunq account it is very easy and very fast.
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Same no issues and very fast. Infact needed to pay for something last month and transfered to my revoult account happen with in a few seconds!
 
I moved out of it in a few 4 figure transfers when trade republic and lightyear came about, there was no issue.

Also unrelated, I won a euro and a tree on that ridiculous spinning wheel thing they have
 
cottonmoose said:
Has anyone taken any large withdrawals out? I opened an easy savings account and I want to put a large chunk of my savings in.
I want to make sure I will get it all back when I need it thanks!
Click to expand...
Yes. Deposited a six figure sum in June 2023 and withdrew over 50% in December 2023. A trial withdrawal of €1,000 on 5th December arrived same day (SEPA Instant). The main withdrawal on 6th arrived on the 7th. No issues encountered.
 
someCitizen said:
I moved out of it in a few 4 figure transfers when trade republic and lightyear came about, there was no issue.

Also unrelated, I won a euro and a tree on that ridiculous spinning wheel thing they have
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Only 1 tree? I've won more than 50! And a couple of yoyos too
 
podgerodge said:
This virtual credit card that Bunq have provided (me anyway), with a €1k limit (none of which I want or need) - is this potentially liable to a yearly Government €30 fee?
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Can I ask if anyone got clarity on if this incurs Gov duty? I like a lot of bunq customers was given one of these. I have frozen it, but their CS can't tell me if it will incur Irish Gov Stamp duty one way or another come Jan 1st, '25. Rang the tax office who couldn't tell me either!
 
mrvinegar said:
its a debit card surely?
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It seems to be a debit card but has all the usability of a CC. You can use it for car rental and such and such, unlike normal debit cards. I still cant get a answer from Bunq as to what Government levy it attracts here.
 
Tobyboy said:
It seems to be a debit card but has all the usability of a CC. You can use it for car rental and such and such, unlike normal debit cards. I still cant get a answer from Bunq as to what Government levy it attracts here.
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The levy is based on the type of account, rather than the type of the card
 
Fortune said:
The levy is based on the type of account, rather than the type of the card
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My Uneducated guess on this. Is the card for this account it tried to Dutch Bank account so it would apply the dutch tax on debit and credit cards . which I believe is none currently. My Wife has Friend Bank account ( when she used to live in France ) Here Cards here for that account don't have Irish Debit /credit card taxes on them .
 
Might be a good time to remind people that the Bunq rate changes post 31 December 2024 depending on your circumstances. So now/1 January might be the time for action.

If you had a low balance from 1 July 2024 to 31 December 2024 - You might want to consider putting money into your Bunq account on/after 1 January 2025 to get a 3.36% rate until 30 June 2025 on any amount above your highest balance from 1 July 2024 to 31 December 2024.

If you had a high balance from 1 July 2024 to 31 December 2024 - You might want to consider withdrawing your money before 31 December 2024 because you will get the lower rate applied to your highest balance from 1 July 2024 to 31 December 2024.

You can game the system with the complex Bunq old/new money rates if you take action before/after the end of each 6 month period. But you have to be careful and know the rules. You obviously game it by keeping a low balance for the full six month period and changing to a high balance after the end of the 6 month period and so forth.

Of course, Bunq could change their rates again soon given that they did not make changes after the last ECB cut.
 
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I moved a substantial amount out of BUNQ in December 2023 to max my CA Britline Quattro DAT (4.5%) deposit, and moved the balance out of BUNQ when N26 started offering 4% in Spring 2024. I left €10 balance in BUNQ, and that’s been the balance for H2 2024. So my CA Britline Quattro DAT has just matured and I have that balance ready to lob into BUNQ on 1st Jan.

Bit suspicious that they may wait two/three weeks and then slash the 3.36%
 
thanks for the reminder rates are terrible atm gawh
 
Does Bunq have a referral system that benefits any of you that have an account?
They have invite friends, but not sure if that is it with no monetary advantage.
 
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