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What’s a Banking License and Why Does It Matter?

Discover why a banking license matters and how bunq offers secure, straightforward banking for you.

January 4, 2023

In today's world, where online banking is becoming increasingly popular, it's important to know exactly what a banking license is and why it's important for your security. In this post, we'll explain everything you need to know about banking licenses and why you don't have to worry with bunq, your digital bank.

A banking license is the official authorization from a financial regulatory authority that allows a company to operate as a bank. It ensures that the bank meets all legal requirements and provides customers with a safe and responsible online banking experience.

bunq holds a full banking license and is therefore subject to strict regulations and controls. This means that your money is safe with us and we adhere to all the laws and rules that apply to traditional banks. Deposit insurance is another important aspect you should know: At bunq, your deposits are protected up to €100,000 by the Dutch deposit guarantee scheme. This ensures that your money is secure in the event of a bank failure.

With bunq, you not only benefit from a secure banking license, but also from numerous innovative features such as AutoVAT, Local IBANs, and real-time payments that enhance your online banking experience.

In conclusion, a banking license is an important factor that ensures your bank is trustworthy and reliable. With bunq, you can trust that we have a full banking license and meet all legal requirements. In addition, bunq offers innovative features that make your online banking even easier and more enjoyable. Try it out and become a member today!

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Risk indicator for all bunq B.V. accounts

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6

This number is indicative of product risk, with 1/6 indicating lower risk and 6/6 indicating higher risk.

bunq B.V. is adhered to the Dutch Deposit Guarantee Fund. The maximum guaranteed amount is €100,000 per user

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Business

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Easy Card

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Easy Savings

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Easy Bank

€3.99/month

Everything you expect from a mobile bank, and more. Open a bank account in just 5 minutes with your phone and ID.

Easy Bank Pro icon
Easy Bank Pro

€9.99/month

Enjoy full control over your money wherever you go, with true borderless banking, easy budgeting, powerful cards, and much more.

Easy Bank Pro XL icon
Easy Bank Pro XL

€18.99/month

Discover the full power of mobile banking, with worldwide Travel Insurance, priority support and more trees planted when using your card.

Find your perfect fit

Risk indicator for all bunq B.V. accounts

1
/
6

This number is indicative of product risk, with 1/6 indicating lower risk and 6/6 indicating higher risk.

bunq B.V. is adhered to the Dutch Deposit Guarantee Fund. The maximum guaranteed amount is €100,000 per user

Personal

Business

Easy Card icon
Easy Card

Free

Get an international credit card in less than 5 minutes. Add it to Apple/Google Pay and start making payments today.

Easy Savings icon
Easy Savings

Free

Get a Savings Account and start growing your money faster with 3.36%* interest. No minimum deposit is required!

Easy Bank icon
Easy Bank

€3.99/month

Everything you expect from a mobile bank, and more. Open a bank account in just 5 minutes with your phone and ID.

Easy Bank Pro icon
Easy Bank Pro

€9.99/month

Enjoy full control over your money wherever you go, with true borderless banking, easy budgeting, powerful cards, and much more.

Easy Bank Pro XL icon
Easy Bank Pro XL

€18.99/month

Discover the full power of mobile banking, with worldwide Travel Insurance, priority support and more trees planted when using your card.

Find your perfect fit

Risk indicator for all bunq B.V. accounts

1
/
6

This number is indicative of product risk, with 1/6 indicating lower risk and 6/6 indicating higher risk.

bunq B.V. is adhered to the Dutch Deposit Guarantee Fund. The maximum guaranteed amount is €100,000 per user

Personal

Business

Easy Card icon
Easy Card

Free

Get an international credit card in less than 5 minutes. Add it to Apple/Google Pay and start making payments today.

Easy Savings icon
Easy Savings

Free

Get a Savings Account and start growing your money faster with 3.36%* interest. No minimum deposit is required!

Easy Bank icon
Easy Bank

€3.99/month

Everything you expect from a mobile bank, and more. Open a bank account in just 5 minutes with your phone and ID.

Easy Bank Pro icon
Easy Bank Pro

€9.99/month

Enjoy full control over your money wherever you go, with true borderless banking, easy budgeting, powerful cards, and much more.

Easy Bank Pro XL icon
Easy Bank Pro XL

€18.99/month

Discover the full power of mobile banking, with worldwide Travel Insurance, priority support and more trees planted when using your card.

Start your 30-day free trial

Open your account in just 5 minutes, directly from your phone.

Start your 30-day free trial

Open your account in just 5 minutes, directly from your phone.

Start your 30-day free trial

Open your account in just 5 minutes, directly from your phone.