Accounts in other currency?

JensH

Peter I think this will not happen in the near Future. It‘s not necessary for a eu Bank and i don’t see any needs for an us Account.

LH-Black-Wolf

I see tons of reasons to have multiple currency IBAN’s. :) Especially for business use, but for personal use as well. It’d be nice if Bunq gets them, but I don’t expect they will create them. Shame, would actually be quite the opportunity to work together more with TransferWise so you can, for example, buy USD for your USD-acccount instantly; or convert a part of your USD-account back to EUR.

There’s loads of potential and convenience in multi-currency IBAN’s.

Robert-Silver-Turtle-4265395482

I think it would be awesome to have a feature of foreign currency accounts. Especially in US dollars. I’m planning a trip to Los Angeles (my home town). And it would be pretty cool to buy dollars when the exchange rates are favorable and to know the dollars are safe and tucked away in my account. And now imagine, when you’re in as in my case LA and you’re out shopping around and your dollars account is linked to your MasterCard. WOW!!! Is this even possible? Or am/are I/we just dreaming? Talk about the bank of the free?!?!

JensH

Mr. Underwood Could be possible with deeper transferwise integration as transferwise also issued a debit card.

Robert-Silver-Turtle-4265395482

Jens Why isn’t it being implemented then? Is it a cost factor? Is it a deeper technical problem we don’t understand? Or are there legal hurdles?

JensH

Mr. Underwood
I think it's not very interesting for the most people. If someone is travelling, just pay with the mastercard in the foreign currency... no fees for currency exchange and the real exchange rate.

Roeshimi

Jens Depending on the amount you want to spend, it can indeed be beneficial to exchange your Euros into USD when the time is right, as Woodyman says.
I personally use a multicurrency account somewhere else to achieve just that. It saved me a lot of money.

bunqyourlife

Jens Avoir plusieurs devise permettrait aussi de protéger son argent

Robert-Silver-Turtle-4265395482

Roeshimi Mind telling us the name of multi currency account?🤪

Roeshimi

Mr. Underwood Revolut

Robert-Silver-Turtle-4265395482

Roeshimi Ok. I too kinda use revolut. But do you really have multicurrency? That would suggest that you have multiple accounts, kinda like what we want here.

Jakob-Y

Accounts in other currencies would be an awesome feature, especially for multinationals. But „buying when the USD is low“ and such stories, well... it may work or it may not. In retrospect it‘s easy to say but if you can honestly predict this then I‘d say don‘t waste your time here, get trading 🤑

Roeshimi

Mr. Underwood I can hold USD, GBP and whatnot in Revolut. These may not be real accounts as they are in bunq with IBANs, but I don't need real accounts for my usage.
And if I really need a real USD or GBP account, I use Transferwise

Heda

Roeshimi Can you hold Russian ruble with revolut as well?

Robert-Silver-Turtle-4265395482

Ok thanks.

Roeshimi

Heda No that's currently not possible.

Heda

Roeshimi Too bad. I would love if bunq would offer a feature like this. At first I thought why should I bother about other currencies but if you travel a lot it can be quiet handy.

YY

Koen Hi Koen,

Any chance that bunq will consider to support USD/GBP and some other “regular” currencies as incoming transfer on your Bunq account (with SWIFT)?

----

I have a multicurrency account at globcoin and I never faced any problems with them. US Dollars account is in their wallet.

William-Magenta-Tiger

Frank I use gbp in UK and euro with both bunq and permanent tsb in Ireland I use transferwise but it would be easier to have one account with bunq that done it all

Teal-Jaguar

I use TransferWise too to hold multiple currency balances and as TransferWise and bunq are integrated for some transactions a further integration seems the trick. If I could manage my transferwise account through bunq