bunq Spain review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
bunq Spain is an app-led easy-access saver for people who want savings, card and markets in a single app, with no monthly charge and a variable rate of 3.01%. It suits students and multi-currency spenders, and less suited to anyone shopping only on the highest advertised rate.
Key facts
- Best for
- Students and multi-currency spenders who want savings, card and markets in a single app.
- Headline rate
- 3.01%↗
- Rate type
- Variable↗
- Minimum deposit
- €10↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Withdraw any amount free up to 2 times a month, rising to 3 free monthly withdrawals after 12 months; interest paid weekly↗
- Monthly fee
- €0↗
- Account kind
- Easy access↗
- Regulators
- De Nederlandsche Bank, SIPC↗
- Legal entity
- bunq B.V.↗
- Headquarters
- Netherlands↗
- Founded
- 2012↗
- Support channels
- Email, Chat, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- bunq.com
Brokers
Crypto exchanges
Pros and cons
Pros
- A monthly fee of €0 and an annual fee of €0, so an easy-access balance can stay open without a charge.
- multi currency, crypto and virtual card puts multi-currency, crypto, a virtual card and travel features in the same app as the savings balance.
- Deposits sit under EU DGS up to EUR 100,000 and the Spanish account is supervised by Banco de España.
- A variable rate of 3.01% paid weekly, above the 3% median across savings accounts.
Cons
- The variable 3.01% sits below Starling Personal Account Debit Card at 4%, so the rate is not the reason to open it.
- Support runs on email, chat and help centre only, with no phone line, while 74.4% covers a large share of the savings market.
- The opening deposit of €10 sits above the €0.88 median minimum across savings accounts, which puts a floor under the first transfer.
- Access terms cap free withdrawals at a monthly allowance that only widens after a year, so heavy movers pay more than the €0 monthly fee suggests.
Who it suits
- Students and younger savers: student points at student accounts, and an app-led model suits building a balance as a habit.
- Savers who want spending and saving in one place: stocks, etfs and crypto covers stocks, ETFs and crypto, with multi currency, crypto and virtual card adding cards and travel perks.
- Households that spend across currencies, with 8 currencies supported and a conversion fee of 0.5% to 3%.
Who should look elsewhere
- Savers chasing the highest easy-access rate: Starling Personal Account Debit Card pays 4% against 3.01% here.
- Readers tempted by a far bigger advertised figure: Finteres quotes 0% to 36%, a much wider spread to shop around in.
- Anyone who wants a phone line rather than app support, since email, chat and help centre covers the help centre, email and chat only.
Safety of your money
In Spain the account belongs to a provider supervised by Banco de España, and the money side is covered by EU DGS up to EUR 100,000. Read that as a ceiling rather than a target: once a balance climbs past the stated figure, the part above it has no cover from the scheme, which is reason enough to keep emergency cash in another pot. For most people opening a small balance and topping it up steadily, the protection is not the deciding factor. It matters more if you plan to hold a large sum here, because the extra balance still earns interest while sitting outside the guarantee. Nothing in the arrangement turns the balance into an investment: this behaves like an ordinary deposit account throughout, and the interest is paid on the cash you hold rather than on any fund unit.
Fees and currency costs
The account asks for €10 to open, and the running cost is €0 a month. Together those two figures mean the price of holding savings here is close to nothing once the balance is in place, and the only real outlay is the opening deposit itself. Readers weighing everyday savings will recognise this as the part of the market where keeping a balance costs least, so the decision tends to fall to interest and access rather than charges. The deposit is a floor rather than a rule for later: money can be added in afterwards, and there is no fixed term to renew that would demand a fresh minimum just to stay open. You do not need to model a fee rising over time here, because the monthly figure is the whole of it.
Rates and terms
Interest is paid at 3.01% and the rate is variable, which means the figure moves with the provider rather than being locked to a term. That suits savers who want access now and accept a shifting return, and it does not suit anyone building a plan around a guaranteed figure for a set period. Measured against the wider market, 3.01% sits just above the 3% median across savings accounts and beneath the 4.15% upper quartile, so the return is solid rather than outstanding. On ranking, the account places 247 out of 488 compared on rate, which puts the trade-off in context: the interest is competitive, and the real reason to pick it is the way the account runs day to day.
Access to your money
Access is the reason most people would keep money here. Withdrawals are free up to a set monthly allowance, and that allowance improves after a year of use, so the account gets easier to lean on the longer it is held. The amount you take in a single withdrawal is not capped by the free allowance, which suits anyone moving a larger sum at short notice. Interest is credited weekly rather than monthly, so the balance grows in small visible steps instead of a single lump. The catch is the pace of that improvement: a saver expecting to move money constantly in the first year works inside the tighter starting allowance. Because the rate is variable, the same balance can also earn differently over time, so the access terms and the return are worth reading together.
Who runs it
The provider is bunq B.V., headquartered in the Netherlands and founded in 2012, so the service facing Spanish customers draws on a bank with a long record in the digital-first model rather than a recent entrant. It operates under Banco de España supervision, which matters to readers who want a named regulator standing behind the balance. Support runs through email, chat and help centre, and there is no branch to visit: questions are answered in the app, by email or in the help centre. A digital-only service keeps its running costs low, and that feeds into the absence of a monthly charge. The trade to weigh before opening is whether a phone line matters to you, because the channels on offer are digital ones.
How bunq Spain compares
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Where bunq Spain is available
- Licence in Netherlands
- De Nederlandsche Bank, checked September 26, 2026
- Licence in Germany
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), checked September 26, 2026
- Licence in France
- Banque de France, checked September 26, 2026
- Licence in Spain
- Banco de España, checked September 26, 2026
- Licence in Spain
- SEPBLAC, checked September 26, 2026
- Licence in Ireland
- Central Bank of Ireland, checked September 26, 2026
- Licence in Italy
- Banca d'Italia, checked September 26, 2026
- Licence in Belgium
- Nationale Bank van België / Banque Nationale de Belgique (NBB), checked September 26, 2026
- Licence in Belgium
- Financial Services and Markets Authority (FSMA), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Is the interest rate fixed, or can it change?+
The rate is variable, so it can move with the provider rather than being locked to a term. It currently reads 3.01%, a shade above the 3% median across savings accounts. Anyone planning around a guaranteed figure for a set period should look elsewhere, because this account trades that certainty for easy access.
Is my money protected if the provider fails?+
Deposits sit under EU DGS up to EUR 100,000, and the Spanish operation is supervised by Banco de España. Read the figure as a ceiling rather than a target: any balance held above the stated amount has no cover from the scheme. Holding a workable amount elsewhere covers the rest without changing how this account works.
What does it cost to keep the account open?+
The monthly fee is €0 and the annual fee is €0, so the running cost amounts to nothing. The only outlay is the opening deposit of €10, which is a starting floor rather than a recurring charge. The decision here is about the return and the access terms, not about trimming fees.
Can I withdraw my money whenever I want?+
Withdrawals are free up to a set monthly allowance, and that allowance rises after a year of use. The amount taken in a single withdrawal is not capped by the free allowance, so a larger withdrawal is not blocked by it. Savers who expect to move money constantly in the first year should read the access terms closely before opening.
How much do I need to put in to start?+
The minimum opening deposit is €10, which sits above the €0.88 median across savings accounts. It is a one-off starting point rather than a promise to hold that much, and further money can be added later. Readers making a very small first transfer would want to check accounts with a lower entry point.
What can I do in the app besides saving?+
The plan carries multi currency, crypto and virtual card, so the same balance covers spending, travel and crypto without opening a second provider. The app is the platform of record, per bunq app, and investing runs through stocks, etfs and crypto inside the same account. That concentration is the appeal for savers who want fewer apps to manage.
Can I hold more than a single currency?+
The account covers 8 currencies, with a conversion fee of 0.5% to 3% when you move between them. The card is a debit card on the mastercard network, so it works as an ordinary payment card abroad. It is a sensible setup for anyone paid in a single currency and spending in another.
Who runs the account, and how do I get help?+
The provider is bunq B.V., headquartered in the Netherlands and founded in 2012, with the Spanish side supervised by Banco de España. Support runs through email, chat and help centre, so questions go to the help centre, by email or in-app chat rather than a branch. Readers who need a phone line should weigh that before opening.
Sources
- en.wikipedia.org/wiki/Bunq checked September 26, 2026
Backs: Founded
“Founded 2012; 14 years ago (2012)”
- help.bunq.com/articles/crypto-faq checked September 26, 2026
Backs: Coins listed, Maker fee, Taker fee
“over 350 others available in the Crypto tab”
- help.bunq.com/articles/how-are-trading-fees-calculated checked September 26, 2026
Backs: Stock trade fee
“a fee of 0.99% is applied per buy and sell order - Stocks Account”
- help.bunq.com/articles/whats-massinterest-and-how-does-it... checked September 26, 2026
Backs: Account kind, Headline rate, Rate type, Support channels
“Funds can be withdrawn maximum up to 3 times per calendar month.”
- play.google.com/store/apps/details checked September 26, 2026
Backs: Premium from
“bunq Free - EUR0/month Get started with essential banking.”
- bunq.com checked September 26, 2026
Backs: Audience, Card kind
“Students get bunq for free - bunq Free personal account”
- bunq.com/about/imprint checked September 26, 2026
Backs: Investor protection, Regulators
- bunq.com/en/about/imprint checked September 26, 2026
Backs: Headquarters, Legal entity
“Basisweg 32, 1043 AP Amsterdam, The Netherlands”
- bunq.com/en/personal/plans checked September 26, 2026
Backs: Monthly payments
“bunq Core EUR3.99 per month - Everyday banking with smart cards and accounts”
- bunq.com/en/savings checked September 26, 2026
Backs: Access terms, Pricing model, Monthly fee
“You can withdraw any amount, up to 2 times each month, completely free. Save with bunq for a year and you'll unlock 3 free monthly withdrawals”
- bunq.com/personal/features/crypto checked September 26, 2026
Backs: Exchange type
“Kraken powers trading and custody; bunq gives secure app access”
- bunq.com/personal/features/zero-fx checked September 26, 2026
Backs: Currencies, Currency conversion fee, Card network
“Earn high interest across 8 global currencies”
- bunq.com/personal/plans checked September 26, 2026
Backs: Annual fee, Markets, Minimum deposit, Platforms
“bunq Free - Free - A simple Personal Account to get started with bunq”
- bunq.com/personal/plans/bunq-free checked September 26, 2026
Backs: Card type, Features
“Every bunq user gets a Credit Card - bunq Free personal account”
- dnb.nl checked September 26, 2026
Backs: Deposit protection, Licences
Compiled from 23 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.
Related by the facts
bunq Spain
Students and multi-currency spenders who want savings, card and markets in a single app.