The Bunq Travel Card is a payment card where you can deposit money yourself. It is not a real credit card, but it is accepted by car rental companies and hotels. This distinguishes this card from all other prepaid payment methods.
This Travel Card is primarily intended for people who travel a lot. To take advantage of favorable foreign exchange rates and the absence of an exchange rate surcharge. If you travel with other Bunq users, you can easily track joint expenses in the app and distribute them fairly with Slice Groups.
How does the Bunq Travel Card Work?
The Travel Card works like a Mastercard. You can pay with it in online stores and in places where you see the Mastercard logo, all over the world. You must put sufficient balance on the card yourself. You can do this with iDeal or a bank transfer. The card has its own IBAN, but this is not a fully-fledged bank account. You cannot make transfers with it, only if you want to transfer the entire balance.
How to Apply or Order a Bunq Travel card
You can easily order and apply for a Travel Card using the free Bunq app available on the play store for android and the Appstore for iOS Smartphones. You will need to complete the required identification procedure and process.
What are the costs?
The Travel Card costs €9.99 once. You also pay 99 cents per cash withdrawal. There are no more costs. You can avoid the one-off costs if you invite three friends as a referrer to apply for the Travel Card. Bunq customers can get the Travel Card for free within their offer package.
After downloading the app, a one-month trial period starts. After this, you will automatically receive the Bunq Premium payment package and monthly costs will be charged. If you don’t want that, choose Travel Card only before the end of the trial month. Then the account remains free.
Price per year: € 0, –
Card Type: MasterCard
Purchase costs: € 9.99
Charging costs: € 0, –
Costs of withdrawing money: € 0.99
Exchange rate mark-up: 0.00%
Savings interest: 0.00%
Bank independent: Yes
Pros and Cons of Bunq Travel Card/Account
Advantages of using Bunq
- Card with IBAN number
- Free charging with iDeal or bank transfer
- Suitable for rental cars and hotels
- No exchange rate surcharge
- Easily share costs with Slice Groups
Disadvantages of Bunq
- Only available for personal use.
- Not a real Credit Card.
Other Important Information:
Bunq likes to communicate with customers through a forum: Bunq Together. For personal questions, the bank can also be reached via a chat in the app.