A new breed of banking has arrived, thanks to technological advancements. Right from current accounts to cryptocurrencies, many services the current digital/challenger bank offers are way cheaper than mainstream banks.
In this regard, bunq, Amsterdam challenger bank, has recently made joint banking easier with the launch of bunq +1, enabling premium and business users to share accounts whenever they want, with whomever they want.
Founder and CEO Ali Niknam says
“At bunq we are inspired by our users to create new features that make life easier. By listening to their feedback we have developed this elegant solution that makes shared finances easy for children, (co-)workers and partners all in one go.”
No branch visits, no paperwork, no waiting lines!
With a single tap, users can create a bunq +1 account for anyone they wish, including partners or children. For business users they’ll have the added benefit of being able to create bank accounts for employees, making it effortless to track expenses. All bunq +1 users will get their card as well as be able to deposit money and make and view transactions.
Track expenses via app!
Managing work expenses can often be time-consuming and difficult, especially when juggling one account between multiple employees. With bunq +1, businesses can give all or selected employees a company account with their card to take care of day-to-day expenses. Notably, businesses can track all employee expenses via the app with zero effort needed.
Bank account for child!
As well as the ability to easily create a joint account with anyone users choose, bunq +1 also simplifies life for parents by enabling them to create a bank account for their child. They are equipped with their card, however, parent’s can keep a view over their spending in real-time.
Not only does this work as an alternative to handling cash or using a separate card, but bunq +1 will also assist in helping children learn to handle money at a young age while being closely guided and monitored by a responsible adult.
Founded in 2012 by Ali Niknam, bunq is all set to radically change the traditional banking industry. Throughout 2019 the total amount of user deposits doubled and is increasing every day. bunq is currently available in 30 European markets. To date, the company has raised €44.9 million in funding.
Main image credits: bunq
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