Hey bunqers 🌈,
Managing your savings should be simple — and accessing your money when you need it, even simpler. That's why we've designed our Savings Account to be flexible and user-friendly, while encouraging you to save for what matters most. This means there are 3 types of withdrawals from your Savings Account:
💸 Free withdrawals — you get 2 free withdrawals per calendar month across your same-currency Personal Savings Accounts (and 2 more for Business Savings Accounts) to encourage you to save for that next vacation. This limit resets on the 1st of each month at 01:00 CET
🎁 Free bonus withdrawal — once the same Savings Account has been active for over a year, you unlock a one free withdrawal each month, bringing your total free withdrawal limit to 3
➕ Additional withdrawals for a fee — need to withdraw more from your Savings? You can always withdraw extra for an interest-repayment fee. The fee is always displayed in your bunq app before you confirm
How do I withdraw all of my money?
Option 1: From the Savings tab
Go to the Savings tab
Tap the orange Withdraw button
Select the Savings Account you want to withdraw from
Select the total balance of the Savings Account
Select the recipient (one of your accounts or another IBAN)
Done ✅
Option 2: From within your Savings Account
Go to the Savings tab
Select the Savings Account you want to withdraw from
Tap More, then tap Withdraw
Select the total balance of the Savings Account
Select the recipient (one of your accounts or another IBAN)
Done ✅
How can I partially withdraw a certain amount from my Savings Account?
Option 1: From the Savings tab
Go to the Savings tab
Tap the orange Withdraw button
Select the Savings Account you want to withdraw from
Select the amount you want to withdraw
Select the recipient (one of your accounts or another IBAN)
Done ✅
Option 2: From within your Savings Account
Go to the Savings tab
Select the Savings Account you want to withdraw from
Tap More, then tap Withdraw
Select the amount you want to withdraw
Select the recipient (one of your accounts or another IBAN)
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 free withdrawal limit?
The following payment types count towards your free withdrawal limit total:
✅ 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, Joint Savings Account, or Foreign Currency Savings Account
✅ Withdrawals from any Joint Savings Account
Which payments don't count towards the free withdrawal limit?
The following payment types don't count towards your free withdrawal limit total:
❌ Internal transfers between your Personal Savings Accounts in the same currency.
❌ 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. Learn more about Term Deposits.
How do withdrawals work for Foreign Currency Savings Accounts?
Your free withdrawals are counted separately for each currency you save in. So every currency you save in comes with its own 2 free withdrawals per month (3 once you've saved with bunq for over a year) for both Personal and Business Savings Accounts.
Is there a limit on how much I can withdraw per currency?
Yes, each currency has a maximum you can send in a single outgoing transfer from a Savings Account. Here's the maximum amount per currency breakdown:
EUR — 50,000
USD — 50,000
GBP — 50,000
AUD — 75,000
ZAR — 50,000
NOK — 500,000
TRY — 500,000
AED — 200,000
PLN — 200,000
Find the full list for every currency limit here.
How do I unlock my free bonus withdrawal?
Once the same Savings Account has been active for over a year (counted from your first deposit into that account), you'll earn one extra free withdrawal per calendar month.
Good to know: the one year count is per Savings Account. This means that if you close or convert a Savings Account and open a new one, the 12-month period starts again for the new account.
How will I know if I get a Bonus Withdrawal?
Easy — no need to calculate or track any dates yourself! Once your Savings Account has been active for over a year, you'll get a notification letting you know that you now 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 decision. To make an additional withdrawal, simply:
Go to the Savings tab
Tap the orange Withdraw button
Select the Savings Account you want to withdraw from
Select the amount you want to withdraw
Select the recipient (one of your accounts or another IBAN)
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 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.
Please note: Making additional withdrawals for an interest repayment fee isn't currently possible for Foreign Currency Savings Accounts. If you need to make more withdrawals from your Foreign Currency Savings Account, please contact our Support - we're here to help you, 24/7