What was confusing about their monthly fee? I used to work for bunq so I can pass on the feedback.
Does that mean that for individuals there's only a "premium" plan but not standard plan? So premium (with 25 accounts and three cards!) is actually the standard plan?
Once downgraded:
- All your cards will be deactivated. They will be reactivated if you decide to go back to Premium.
- All features exclusive to bunq Premium (such as Apple Pay and Android Tap & Pay) will be blocked.
- You won't be able to open new bunq bank accounts as long as you are using bunq Free.
- Your API keys will be deactivated.
- You will still have access to all your bunq bank accounts and will be able to send, receive and request money normally.
So it's not really a common "standard" plan if you ask me.
I was under the understanding that the 9,99 would be all inclusive, but at the same time it seems there is a fee for "Paying a direct debit.", not sure what is comprised within that term, does that mean every time we pay with a card?
No - a "direct debit" in banking is where you give, e.g. Vodafone, your bank details and permission that they may debit your account once a month to pay your phone bill. For completeness, a "standing order" is similar - a monthly recurring payment to someone else.
The primary difference is that, with a direct debit, the company can change the amount to be paid each month - e.g. if you go over your plan and incur extra changes, they can just debit those from your account automatically.