When deciding between Revolut and Bunq, it’s important to evaluate which features best align with your financial needs.
This comparison will highlight key differences, from mobile banking capabilities to specific benefits, helping you make an informed choice.
Revolut
Bunq
How do Revolut and Bunq compare?
Revolut and Bunq are two mobile banks that offer digital financial services, both providing user-friendly interfaces and innovative features that allow users to manage their finances on the go.
One of the main differences between Revolut and Bunq is their focus. Revolut is primarily focused on providing international banking services, offering multi-currency accounts, free overseas ATM withdrawals, and cryptocurrency trading and investment services. Bunq, on the other hand, is more focused on serving European residents, providing them with local banking services.
Both Revolut and Bunq offer virtual and physical debit cards, mobile payments, and budgeting tools. However, Bunq differentiates itself by emphasizing sustainability, offering features like carbon footprint offsetting with every transaction and the ability to plant trees through user spending.
Another key difference between the two mobile banks is their pricing models. While both offer free basic accounts, Revolut charges for some premium services, including unlimited foreign exchange and travel insurance. Bunq, on the other hand, generates revenue through a subscription model, where users pay a monthly fee for access to premium features and services.
In summary, both Revolut and Bunq offer unique digital banking solutions tailored to different customer segments. Revolut may appeal more to frequent travelers and those who frequently use multiple currencies, while Bunq may be a better fit for European residents who are interested in sustainable banking and local services.
Founded: 2015
Headquarters: London, UK
Users: +45 million
Countries available: 35
Account plans: 5 plan options
Go to Revolut
Founded: 2012
Headquarters: Amsterdam, Netherlands
Users: +14.5 million
Countries available: 30
Account plans: 5 plan options
Go to Bunq
Other comparisons about Revolut and Bunq
Why use a digital bank?
Affordable fees and attractive pricing
With their digital-first approach and reduced operating costs, neobanks often offer highly competitive fees compared to traditional banks. Many neobanks minimize or eliminate fees for services like account maintenance and transactions, and some even provide enhanced interest rates on savings and loans. This cost-efficiency appeals to individuals and businesses focused on maximizing financial value without the typical expenses of traditional banking.
Quick account setup and hassle-free onboarding
Opening an account with a traditional bank is often a slow, paperwork-heavy process. Neobanks streamline this experience by using technology to offer a quick, fully online onboarding. Some even provide instant approval, allowing users to start banking within minutes. This efficiency and ease make neobanks an attractive option for people who want fast, paperless access to financial services.
Intuitive design for easy navigation
Neobanks offer highly accessible, user-friendly mobile apps designed for a smooth, modern banking experience. Unlike traditional banks, which rely on complex processes and paperwork, neobanks provide a streamlined interface where users can manage finances, track transactions in real-time, and set up alerts with ease. This straightforward, app-based experience appeals to tech-savvy users and businesses alike, offering a practical solution for efficient financial management.
Advanced budgeting and financial tracking tools
Neobanks often come equipped with advanced financial tools built right into their apps, giving users insights into spending patterns, budgeting help, and real-time transaction categorization. For businesses, this translates into improved financial control and clear visibility over cash flow. With features like expense tracking and financial analysis, neobanks empower individuals and businesses to make informed, data-driven financial decisions, setting them apart with their strong focus on financial management.
Responsive support and community involvement
Neobanks focus on customer satisfaction with quick, accessible support through multiple channels like in-app chat, email, and even social media. Traditional banks can sometimes have slower, more bureaucratic service, but neobanks use technology to deliver faster, more tailored responses. Many also build a sense of community through online forums and events where users can exchange tips and insights, fostering a collaborative approach to banking.