FF News Logo
Sunday, April 19, 2026
Consensus x FFNews

Breaking News

InsurTech NY: General Magic on How AI Text Agents Are Cutting Insurance Quote Time NOTO: Why AI Fraud Prevention Needs Human Interaction to Beat the ‘Tick in the Box’ Mentality MPE 2026: Mastercard and Deutsche Bank on Reducing Complexity for Merchants InsurTech NY: QuickFacts on Broker Data Houston Fraley on Why Security Is the Foundation of Trust in FinTech Fintech Meetup 2026: What Brings You to Fintech Meetup This Year? Pay360 2026: Why Are People Attending Pay360 2026? Finastra: Balancing Innovation and Trust in Payments NatWest Group to Expand Scope of Financial Education Into UK Workplaces to Help Address Confidence Gap Guidewire Launches ProNavigator, Embedding Expert AI Insights into Insurance Workflows Kin Launches Direct-to-Consumer Home Insurance in Oklahoma Slash Achieves Unicorn Status Following $100m Series C Fundraise City of San Diego Selects Klear.ai in a Highly Competitive Process to Modernize Risk Management Operations BingX Renews Chelsea FC Partnership, Bolstering Leadership in Global Sports Strategy Alkami to Expand GenAI Capabilities with the Launch of Alkami Code Studio
Bunq Reaches €1 Billion in User Deposits, Becomes the First Neobank Outside of Germany to Offer German IBANs | Fintech Finance

April 28 2021

Bunq Reaches €1 Billion in User Deposits, Becomes the First Neobank Outside of Germany to Offer German IBANs

Share this post:

Share on LinkedIn Share on WhatsApp

European challenger bank bunq has reached €1 billion in user deposits. The amount of money deposited in bunq by their users has more than doubled for the second year in a row – in 2019, user deposits grew from €211M to over $433M. This has shown the importance of easy-to-understand, user-centric banking available online 24/7 during a volatile year that challenged traditional institutions.

With the rapid growth of user numbers, bunq is expanding its operations into Germany by opening a brand new office in Cologne and introducing local IBAN (International Bank Account Numbers) for German members to enjoy all of the features of their bank accounts to the fullest.

From now on, bunqers living in Germany can receive a German IBAN. This empowers them to use their bunq account for all payments, direct debits, receiving their salaries, and Payment Sorter – all hassle-free and without worrying about IBAN discrimination.

All IBANs for Euro-denominated bank accounts within the Single Euro Payments Area (SEPA) should be treated equally and accepted universally, but in practice, discriminating against foreign IBANs in SEPA countries is commonplace. In addition to launching local IBANs for German users, bunq has joined the acceptmyiban.org initiative, which allows users who experienced IBAN discrimination to easily and securely report it to the correct authorities.

Ali Niknam, CEO and founder of bunq, says: “We’re so happy that our users trust us with their daily lives and keep on using the features that make their lives easy. With a local account number, our German members can get the full bunq experience!”

Germany is just the beginning – bunq’s future plans include offering local IBANs in other countries based on reports and feedback gathered from members.

People In This Post

Ali Nikam, bunq | Fintech Finance

Ali Niknam

bunq

Companies In This Post

bunq | Fintech Finance

bunq
  1. InsurTech NY: General Magic on How AI Text Agents Are Cutting Insurance Quote Time

    Insurtech

     Read more
  2. NOTO: Why AI Fraud Prevention Needs Human Interaction to Beat the ‘Tick in the Box’ Mentality

    Fintech TV

     Read more
  3. MPE 2026: Mastercard and Deutsche Bank on Reducing Complexity for Merchants

    Event Videos 2026

     Read more
  4. InsurTech NY: QuickFacts on Broker Data

    Insurtech

     Read more
  5. Houston Fraley on Why Security Is the Foundation of Trust in FinTech

    Thought Leadership

     Read more
Operational Resilience Amsterdam x FFNews
More On