Hey bunqers 🌈,
Managing your finances should be as simple as possible, and that includes accessing your savings whenever you need to. That’s why we've designed our Savings Account with user-friendly features to make managing your money a breeze.
To encourage you to save the money for your next vacation, we've limited the withdrawals to 2 per calendar month. The withdrawal limit resets automatically on the 1st of each month at 01:00 CET.
This means that you get 2 free withdrawals per calendar month across all your Personal Savings Accounts (and another 2 for Business Savings Accounts). This way, you can access your savings when it matters — whether you're withdrawing the full balance or just part of it.
🎁 Bonus for loyal savers: If you've been saving with bunq for over a year (counted from your first deposit into a Savings Account), you'll earn an extra withdrawal, bringing your total withdrawal limit to 3 free withdrawals per calendar month.
How do I withdraw all of my money?
Check out the steps below to see how:
Go to the Savings tab
Tap on your Savings Account
Tap on Withdraw and select the total balance of the Savings Account
Select a Bank Account to withdraw the money to
Withdraw ✨
How can I partially withdraw a certain amount from my Savings Account?
Go to the Savings tab
Select the Savings Account in question
Tap on Withdraw
Select the amount you want to withdraw
Done ✅
How can I check how many free withdrawals I have left?
Go to the Savings tab
Select the Savings Account in question
Check the Withdrawals Left widget, under your Savings Account Details
How can I make internal transfers between my Personal Savings Accounts?
Simply follow these easy steps:
Go to your 🏡Home Tab
Tap on 🟠 Pay
Enter the amount
Tap on From and select your Savings Account
Tap on Choose Recipient
Select My Accounts
Select the Savings Account you want to top up
Send Payment
Done!
Which payments count towards the withdrawal limit?
✅ Withdrawals from your Savings Account to your regular Bank Account
✅ Automated payments set up from your Savings Account
✅ Transfers to your child's Savings Account or Joint Savings Account
✅ Withdrawals from any Joint Savings Account
Which payments don't count towards the withdrawal limit?
❌ Internal transfers between your Personal Savings Account
❌ Early Term Deposit Withdrawals. If you withdraw your deposit earlier than the end of the term duration, you’ll pay a 1% fee on the deposited amount, per year. You can learn more about Term Deposits - here.
Important note: Keep in mind that the monthly withdrawal limit applies to all your Savings Accounts combined. You have 2 (or 3) withdrawals for your Personal Savings Accounts and 2 separate withdrawals for your Business Savings Accounts.
Transferring money from your Savings Account to your child's or Joint Savings Account counts toward the limit, as these are distinct accounts. Only internal transfers between your Personal Savings Accounts don’t count towards the monthly limit.
Learn more about Savings Account limits here (Section "Good to Know").
How will I know if I can make additional withdrawals?
Easy — no need to calculate or track any dates yourself! On your first bunq-aversary, you’ll get a notification to let you know that you get one extra free Savings withdrawal per month.
How can I make additional withdrawals?
Need to make an additional withdrawal? We’ve all been there — you can always make extra withdrawals beyond our free withdrawal limit.
After you use all your free withdrawals, any additional withdrawals include an interest repayment fee. The repayment fee equals the total interest earned over your last 4 bunq Paydays. For every additional withdrawal after that, you repay the Payday interest earned between your previous withdrawal and current withdrawal.
We’ll display the exact fee amount before you decide to make the additional withdrawal, so you'll always see the fee before making your withdrawal decision. To make an additional withdrawal, simply:
Go to the Savings tab
Tap on your Savings Account
Tap on Withdraw and select the total balance of the Savings Account
Select a Bank Account to withdraw the money to
The interest repayment fee will be shown on your screen — you can review the fee and decide whether you’d like to proceed with the withdrawal
Tap on Withdraw and you’re all done!
Additionally to the withdrawn amount, you’ll automatically receive a bunq invoice showing the interest repaid for your last 4 Paydays.