Bunq vs N26 : Which one is better for your business?

Business banking services are essential for companies like Bunq and N26, as they offer tailored solutions to meet the diverse needs of business users. By comparing Bunq and N26, we aim to determine which platform provides the best features, pricing, and overall value for businesses. This comparison will focus on key aspects such as account setup, financial structuring, payment solutions, and automation tools to help you make an informed decision.

A quick overview on Bunq and N26

What is Bunq?

Bunq offers business banking services designed for quick setup and efficient financial management. Unique features include the ability to open a business account in just 5 minutes, high-interest rates on savings, and extensive automation tools for bookkeeping and invoice processing. Additionally, Bunq promotes sustainability by planting trees with card usage and tracking CO2 impact.

What is N26?

N26 is a mobile banking service that offers a range of personal and business accounts, including Standard, Smart, You, and Metal, each with unique features. The platform is entirely app-based, providing instant account setup, transparent fees, and advanced security measures like biometric authentication. Users can also invest in stocks, ETFs, and cryptocurrencies directly through the app, making it a comprehensive financial tool.

Features of Bunq and N26

Bunq features

Bunq offers a range of unique features that cater to the diverse needs of business users:

• Quick Account Setup: Open a business account in just 5 minutes, allowing you to get started without any delays.
• High-Interest Rates on Savings: Earn 1.05% on EUR and 2.3% on USD and GBP, helping your business grow its savings efficiently.
• Multiple Bank Accounts: Create up to 25 bank accounts for different purposes, making budgeting and financial management more straightforward.
• Automation Tools: Utilize bookkeeping integrations and AutoVAT to save time on administrative tasks and streamline your financial operations.
• Environmental Initiatives: Plant trees with every card transaction and track the estimated CO2 impact, setting Bunq apart from competitors by promoting sustainability.

N26 features

N26 offers a range of unique features that cater to the needs of modern consumers:

• 100% Mobile Banking: Manage all your banking needs through a user-friendly app, eliminating the need for physical branches.
• Virtual Mastercard: Enjoy unlimited card payments in any currency without foreign transaction fees, making it ideal for frequent travelers.
• Free ATM Withdrawals: Withdraw cash for free in euros within the eurozone and enjoy unlimited free withdrawals abroad with premium accounts.
• Investment Opportunities: Invest in stocks, ETFs, and cryptocurrencies directly through the app, providing a comprehensive financial management tool.
• 24/7 Multilingual Support: Access customer support anytime in five different languages, ensuring help is always available when you need it.

Comparing Bunq, N26 and OneSafe's features

Why choose one over the other?

• Why Choose Bunq Over N26: Bunq offers higher interest rates on savings, with 1.05% on EUR and 2.3% on USD and GBP, compared to N26's flexible but generally lower rates. Additionally, Bunq allows you to create up to 25 bank accounts for different purposes, providing more flexibility in financial management than N26's single-account structure.
• Why Choose N26 Over Bunq: N26 provides free ATM withdrawals in euros within the eurozone and unlimited free withdrawals abroad for premium accounts, which is more cost-effective for frequent travelers compared to Bunq's limited free withdrawals. Moreover, N26 offers a comprehensive investment platform within the app, allowing users to invest in stocks, ETFs, and cryptocurrencies, a feature not available with Bunq.

Considering OneSafe vs Bunq and N26

• Why Choose OneSafe Over Bunq and N26: OneSafe offers instant crypto to fiat conversions and supports crypto payments, making it uniquely suited for businesses involved in Web3 and cryptocurrency transactions. Unlike Bunq and N26, OneSafe provides seamless global payments in various currencies and multi-currency support, ensuring your business can operate efficiently across borders.

What are the customers saying?

Bunq reviews

Users have mixed opinions about Bunq. Some appreciate its advanced features, ease of use, and savings options, while others are frustrated with its navigation, response times, and interest rates. Overall, Bunq has received a rating of 3.9 out of 5.

• "I love being with bunq because it's difficult for me to imagine that there are other banks with the same range of functionality." - Ludwig Baumann
• "I work with bunq because I find no decent alternatives to it. Bunq for me is the golden mean, because on the one hand there are advanced features like prediction of future balance based on your expenses due to AI." - Jens Martens

For more detailed reviews, visit bunq Reviews.

N26 reviews

Users have mixed feelings about N26. Some praise its digital banking features, ease of use, and customer service, while others criticize the customer support, especially in resolving issues and account access problems. The overall rating users have given N26 is 3.7 out of 5.

Customers found the customer service frustrating, particularly the long wait times for support, difficulty in accessing accounts after losing a phone, and issues with the chat function. Some users also mentioned problems with updating information and dissatisfaction with interest rates. On the positive side, customers appreciated the user-friendly interface, the simplicity and reliability of the banking services, and the quick and efficient service for certain transactions. Some users also highlighted the helpfulness of the customer service when it was responsive.

• "I was quite happy with N26 a few years ago, but it went downhill. I have lost my phone and it is impossible to log in to my account." - Amber
• "N26 is one of the best online banks. Many of its features have been adopted by mainstream banks in Greece as part of their effort to digitalise." - Spiros Fotis

For more detailed reviews, visit N26 Reviews.

OneSafereviews

Users have expressed high satisfaction with OneSafe, particularly praising its customer support and the seamless integration of its services into their business operations. The overall rating users have given OneSafe is 4.8 out of 5. Customers found the following features especially useful:

• Simple onboarding process
• Global payments in various currencies
• User-friendly corporate cards with spend limits
• Multi-currency support
• Seamless payment options including wire, ACH, and foreign exchange

Here are some of the sentiments shared by users:

• "OneSafe has the best customer support I've ever experienced from a bank." - Amit Chu, Investments @ Celo Foundation
• "OneSafe is a game-changer. They solve so many headaches for our company. Finally, a banking solution that gets it." - Marco, CEO of Ensuro

For more detailed reviews, visit OneSafe.

Bunq, N26, or OneSafe: Which is the best platform for you?

In conclusion, while Bunq and N26 offer robust features and have their own unique advantages, OneSafe stands out with its exceptional customer support and seamless integration of services. Whether you prioritize sustainability, mobile banking, or global payments, each platform has something valuable to offer. However, for businesses looking for a comprehensive and user-friendly banking solution, we recommend giving OneSafe a try.