bunq Easy Bank Card
bunq is another of the new digital banks available in Ireland. It is similar to other digital banking services such as Revolut and N26.
We are taking a look at how the Bunq Travel card compares with Revolut Plus. Both have a €2.99 monthly fee.
The functionality of the bunq Easy Bank Card app was upgraded in June and it now has more of the features that Revolut and N26 have.
It can also be used by under 18’s with parent/guardian permission.
One useful feature of the bunq Easy Bank
Card is that it is a prepaid Mastercard credit card.
With the bunq Easy Bank Card , unlike a real credit card,- you can’t spend more than your balance. Every payment will be immediately deducted from your Travel Card balance. But it will be accepted like a credit card for car hire and all hotel reservations, unlike prepaid debit cards such as Revolut.
The Irish government stamp duty of €30 is NOT charged on the bunq travel card and no credit checks are required with bunq.
ATM fees with bunq are 99c each for the first 5 a month – after the first 5 it’s €2.99 – but with a large maximum daily withdrawal limit of €500 you won’t need to use it very often.
bunq is based in the Netherlands and has a full EU banking licence (unlike Revolut) and all funds are covered by the Dutch bank guarantee.
You can order a bunq travel card here.
With a Revolut Plus account, you get an EU IBAN and a UK GBP account.
Revolut can accept incoming payments in several currencies which might be useful for some people.
There is no fee to get your Revolut Plus card delivered to Ireland. (Sometimes they have an offer of free delivery)
Using the Revolut Plus prepaid debit card you can spend/exchange up to €1,000 in other currencies every month for free. Anything over €1000 is charged a 0.5% fee .
ATM withdrawals at Revolut Plus – .
If you exceed €200 total withdrawn in a month you will be charged 2% of everything over €200. (Min fee €1)
Direct Debits are also possible with Revolut.
Share dealing on the New York Stock Exchange is also possible with over over 750 US stocks available. Fees apply.
Revolut Plus also allows you to trade in cryptocurrencies such as Bitcoin, Ether or Stellar. Join Revolut Here
|Features||Revolut||Bunq Travel Card|
|Full Banking Licence?||No||Yes|
|Account Currency||Euro / GBP||Euro|
|ATM Withdrawals in Euro||First €200 each month|
is free then a 2% charge
|Non Euro ATM withdrawals outside Ireland||First €200 each month is|
free then a 2% charge
|Foreign Currency Spending||First €1000 worth of |
spending in a month is free
– then a 0.5% fee
|Spending Limits||€5000 in 96 hours||€50,000 daily.|
|Can be operated from PC/Laptop as well as Smartphone ?||No||No|
|Top up with another debit card?||Yes||Yes - 0.5% fee|
|Age Limit||18||16 = with parental approval|
|Debit Card Type||Visa (Prepaid)||Mastercard (Prepaid Credit)|
|Exchange rate||Interbank rate on |
weekdays but 1%
worse on weeekends
Revolut is better for spending in foreign currencies and avoiding some of the conversion fees charged by the “mainstream” Irish banks.
bunq will charge 1.5% in conversion fees l – whilst Revolut will charge 0.5% on any foreign spending over €1000 in a month.
(See details of how much the other Banks Charge Here)
If you need to receive payments in Non-Euro currencies – then Revolut is better than bunq .
If you like the idea of dabbling in the stock market or investing in crypocurrencies such as Bitcoin – then Revolut might be a good way to get started.
Maybe having both cards might be an idea – With Revolut using mainly Visa and bunq using Mastercard – you are covered if there are problems with one of the payment systems.