German IBANs: Hello Germany!

bunq

Hey bunqers 🌈

As we grow across Europe, we’re committed to making life easy , wherever you are. We heard your requests and we worked on them so without further ado, we’re excited to announce that from now on you can have your own German IBAN! Yay! For all of our bunqers residing in Germany, this is your call to enjoy a truly local bunq experience! 🇩🇪

What's a German IBAN?

As we all know, bunq is a European bank based in the Netherlands meaning that your IBANs are located in the Netherlands. You can recognize this when you see the NL in your IBANs. If you’re a bunqer-to-be, all your IBANs since the opening of your new bunq account will have a German IBAN - provided you’re a German resident. 🚀

This is a huge milestone for all of us! We’ll keep working on more internalization so that we can empower you to be free everywhere you go or anywhere you are. 🛫

Cool! How can I get a German IBAN?

You can get your brand new German IBAN by following these easy steps:

Go to Home tab
Tap on 🟣 + Add
Click on 🟢 Add a Bank Account
Select 🟠 Bank Account
Personalize your Bank Account
Choose Local IBAN (German)
Done

If you’re a bunqer-to-be residing in Germany 🎉

Go through the verification process explained here
Go with the verification flow ✅

You can check which identity documents we currently accept here 🔎

And the coolest part about this - the German IBANs are available for all the plans we offer! (including bunq Free, Core, Pro and Elite and bunq Pack)

If you want a joint account 👨‍👧

In this case, only the creator of the account must verify their as it’s explained here.

But I have Dutch IBANs and now I want a German one, what do I do?

Follow and trust the process, you’ll be able to get your German IBAN even if you had Dutch IBANs before that. Just keep in mind that if you choose to go for a German IBAN all your new Bank Accounts will receive German IBANs automatically. And your Dutch IBANs? You’re free to keep and use them as usual! 💃

And what if I am already verified and want to stay with my Dutch IBANs?

Our top priority is to give you freedom, meaning that if you are a German user with a verified bunq account and Dutch IBANs, you can decide to keep your Dutch IBANs. When you choose this, all your new Bank Accounts will receive Dutch IBANs automatically as before. However, if you change your mind later, worry not - you can always choose to get German IBANs via your address settings (once available for already verified users). Bear in mind that this option is not available the other way around. Once you opt for getting German IBANs, you can no longer change the IBAN country as you reside in Germany. You can still keep your old Dutch IBANs unchanged. 👍
You can see how to do it here.

What if I'm not a German resident but I still want a German IBAN?

No need to worry - Local IBANs are here, and they’re the perfect fit for your international lifestyle. Easily add and use IBANs from multiple European countries - all in your bunq app. bunq Pro and bunq Elite Personal and Business users can start exploring this feature. You can learn more about this here 🌍

German Switch Service

Got your German IBAN and want to make bunq your primary bank account? You can do so via the fully mobile Bank Switch Service within the app! You can learn how to activate your German Switch Service here 🙌

Does bunq offer P-Konto?

Even though we support German IBANs, our banking license is from the Netherlands so we do not currently offer P-Konto. We are legally required to follow instructions from authorities if it concerns a garnishment or account seizure. You can learn more regarding this here

Do you report to Schufa

The short answer is no, we don’t.

To give you the freedom to use your account on your terms, we ensure that you can't fall into debt by not offering loans or overdraft. This way you can freely use your money without the burden of debt. You can learn more about this here.

What's the difference between Local IBAN and Local Currency?

Learn more here