bunq says ¡hola! to Spain as European expansion continues

After historic funding round in July, the Amsterdam-based challenger bank continues its quest to conquer new European markets with Spanish IBANs and multi-currency features

Amsterdam, September 1, 2021 - After announcing the largest series A funding round ever secured by a European fintech earlier in the year, bunq today launched Update 18, another step on the company’s path to becoming a truly cross-European digital bank. 

All new and existing bunq users in Spain can now receive a Spanish IBAN, allowing them to use their bunq accounts to the fullest from Seville to Santander, following the introduction of German IBANs in April and French IBANs in June. 

Another new feature allows all bunq users with a bank account to add IBANs from multiple European countries to their bunq app: the perfect tool for any international lifestyle.

And, in a first for the challenger bank, bunq has introduced its new ‘Local Currencies’ feature, giving users the ability to receive, convert, hold and spend non-euro currencies without having to leave the bunq app. 

The features were designed after 70% of potential bunq users told the bank that the multi-IBAN and multi-currency features were ‘very’ or ‘extremely’ important to them when deciding where to bank. 

Ali Niknam, CEO and founder of bunq, says: “At bunq we’re constantly thinking about new ways to make life easier for people. When potential users tell us something that’s important to them, we build it! More IBANs and more currencies means more opportunity for our users to bank like a local.”

More new features announced in Update 18 include:

Easier to save and pay

- Auto accept payment requests and direct debits from trusted contacts.

- Debit reminders for any direct debit a day before it’s due to expire. 

Easier to use

- All subscriptions in one clear overview, with reminders for when a subscription is about to expire.

- Top up notifications, so our users never worry about running out of money. 

- Tailored support from our dedicated team who can now mirror a user’s in-app experience, showing them exactly how to find what they need. 

- A new search function accessible from anywhere in the app, allowing users to get to any feature, setting or payment in no time at all. 

bunq Update 18 is now available in the Google Play Store and the Apple App Store. For more information, go to https://www.bunq.com/.