bunq launches new easy joint accounts suitable for couples, children and businesses
Blogs on 23rd April 2020
New one tap joint account gives ‘+1’ more reason to bank with bunq
London/Amsterdam, 23 April 2020 – European challenger bank bunq makes joint banking easy with the launch of bunq +1, enabling Premium and Business users to share accounts whenever they want, with whomever they want.
With a single tap, users can create a bunq +1 account for anyone they wish, including partners or children. For business users they’ll have the added benefit of being able to create bank accounts for employees, making it effortless to track expenses. All bunq +1 users will get their own card as well as be able to deposit money and make and view transactions. No branch visits, no paperwork, no waiting lines.
Managing work expenses can often be time-consuming and difficult, especially when juggling one account between multiple employees. However, with bunq +1, businesses can give all or selected employees a company account with their own card to take care of day-to-day expenses. Businesses can effortlessly track all employee expenses via the app with zero effort needed.
As well as the ability to easily create a joint account with anyone users choose, bunq +1 also simplifies life for parents by enabling them to create a bank account for their child. They are equipped with their own card, however parents have the ability to keep a view over their spending in real-time. Not only does this work as an alternative to handling cash or using a separate card, but bunq +1 will also assist in helping children learn to handle money at a young age while being closely guided and monitored by a responsible adult.
Founder and CEO Ali Niknam says “At bunq we are inspired by our users to create new features that makes life easier. By listening to their feedback we have developed this elegant solution that makes shared finances easy for children, (co-)workers and partners all in one go.” Starting on the 23rd of April, bunq Premium, bunq Premium SuperGreen, bunq Business and bunq Business SuperGreen users can add unlimited bunq +1’s for €2,99/month.
bunq was founded in 2012 by Ali Niknam (1981), who managed to get the first European banking permit in over 35 years. He set out to radically change the traditional banking industry and, as its sole investor, invested €44.9m in bunq. bunq’s latest publicly available number of user deposits is €433,410,761 based on the deposits in December 2019. Throughout 2019 the total amount of user deposits doubled and is increasing every day. bunq is currently available in 30 European markets: the Netherlands, Germany, Austria, Italy, Spain, France, Belgium, Ireland, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, the United Kingdom and Norway and Iceland.
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