Bunq launches travel card to make foreign exchange fees disappear

922EDC59-2BBD-4D20-A7F9-3E8347CDAF24

Fintech startup Bunq provides full-fledged bank accounts. But if you’re happy with your existing bank, the company is launching a new free tier so that you can cut down on banking fees.

The Bunq Travel Card is a Mastercard without any foreign exchange fee. The company uses the standard Mastercard exchange rate but doesn’t add any markup fee — N26 also uses Mastercard’s exchange rate. Most traditional banks charge you 2 or 3 percent for foreign transactions.

When you get a card, you can then top up your account in the Bunq app. You can also send and request money with other Bunq users. But it isn’t a full bank account.

Continue reading… “Bunq launches travel card to make foreign exchange fees disappear”

0