Bunq is expensive and has a stupid UI.... but they don't bitch about crypto. That's why ppl use it.Martin Everson said:
Bunq is an overpriced joker bank. I closed my account years ago. Why would I choose Bunq over even Revolut which is more cheaper, has more functionality and has deposit protection also 🙄.
Click to expand...
If you have that and can justify your cash then there are lot of private bank's that will take it.kkein said:
yea but if a person has, say, 300k€, then 3 different such emi banks are needed
Click to expand...
I agree, you may simply just have your papers in order to avoid troubles.CaptK said:
If you have that and can justify your cash then there are lot of private bank's that will take it.
Click to expand...
Please, let us know what banks ask no account fees, offers no negative interest rate on EUR deposits and deposit protection up to 100k€, as well as being available for residents of ANY EU country (N26, for example, does not check all the boxes).CaptK said:
If you have that and can justify your cash then there are lot of private bank's that will take it.
Click to expand...
carz said:
Bunq is expensive and has a stupid UI.... but they don't bitch about crypto. That's why ppl use it.
Click to expand...
Yup, the exchange bitvavo banks with them nowadays. I don't think people use them because they want to, just because they have no other option, and bunq at least is ok with crypto (at least if you don't blow past 5 figures). There are EU jurisdictions were there are literally 0 local banks that will except crypto. Obviously it's not a good long term solution if you're successful in crypto.Martin Everson said:
Yes thats because they work with Bitonic the dutch crypto exchange and Bitonic have their accounts with Bunq. Back in the day you could sell 100's of bitcoins amounting to 8 figures via bitonic with no KYC or signup. You could then have it deposited into your Bunq account with no further questions asked. Them days are gone now.
See below when I talked about this in 2018 as a cash out method.
https://www.offshorecorptalk.com/th...-out-crypto-with-minimal-tax.24569/post-86747
The bank is however now pointless for even that.
Click to expand...
kkein said:
So i double checked: I still have an old version where "update available" button is there.
I did not update, and i am still on Bunq Easy Travel plan.
Interestingly, this plan does not show up in their "Pricing" page, but it is present in their latest details pdf https://www.bunq.com/assets/media/legal/en/20210601_consumers_business_pricing_EN.pdf
I presume they are trying to phase it out, following the steps of their big brother ING whos trying to cut everybody out of free plans to collect fees.
Click to expand...
How about GBP?Martin Everson said:
Swiss franc has deeper negative interest rates than the Euro. SNB rate on CHF is -0.75. The BOJ also has negative rates on the Yen at -0.1%. So if you convert your euros you will actually lose more money after exchange rate margins and negative rates.
Click to expand...