Software Alternatives, Accelerators & Startups

MyBank VS bunq

Compare MyBank VS bunq and see what are their differences

MyBank logo MyBank

Mobile banking system with digital passbook & bill payments

bunq logo bunq

bank of the Free! Mobile banking that makes life easy.
Visit Website
  • MyBank Landing page
    Landing page //
    2023-08-27
  • bunq landing page
    landing page //
    2024-11-08
  • bunq business page
    business page //
    2024-11-08

A mobile banking solution designed to simplify personal and business finances with innovative features.

MyBank features and specs

  • User-Friendly Interface
    MyBank offers a clean and intuitive user interface that enhances the overall user experience, making it easy for customers to navigate and manage their accounts effectively.
  • Comprehensive Mobile App
    The MyBank mobile app is feature-rich, allowing users to conduct a wide range of banking activities on-the-go, such as checking balances, transferring money, and paying bills.
  • Competitive Interest Rates
    MyBank provides competitive interest rates on both savings and checking accounts, helping customers maximize their financial growth.
  • Robust Security Measures
    MyBank prioritizes security, employing advanced encryption and fraud detection technologies to protect customer data and transactions.
  • 24/7 Customer Support
    MyBank offers round-the-clock customer support through various channels, including phone, chat, and email, ensuring assistance is always available when needed.

Possible disadvantages of MyBank

  • Limited Physical Branches
    MyBank has a limited number of physical branches, which may be inconvenient for customers who prefer in-person banking services or need access to cash deposits.
  • Fees on Certain Accounts
    Some MyBank accounts come with monthly maintenance fees unless specific criteria are met, potentially leading to additional costs for customers.
  • Potential Technology Glitches
    Like many online banks, MyBank occasionally experiences technology glitches or downtime, which can temporarily disrupt access to online banking services.
  • Limited Product Range
    MyBank's range of financial products may be more limited compared to larger banks, which could be a drawback for customers looking for specialized financial services.
  • Stringent Lending Criteria
    MyBank's loan approval process is strict, with stringent credit requirements that may limit accessibility for those with a less-than-perfect credit score.

bunq features and specs

  • 100% online – no branch visits, no paperwork
    Get started from anywhere, anytime. Just download the bunq app, and you’ll never need to visit a physical branch.
  • Manage expenses effortlessly
    Create up to 25 Bank Accounts to organize your budgeting, manage salaries, set aside savings, and even handle multiple local currencies—all within seconds.
  • Earn Cashback
    Get rewarded for every payment made with your card, including employee cards—paid weekly.
  • Free Business Account for Freelancers
    A perfect no fee business bank account option to help you manage your finances efficiently.
  • Tap to Pay (receiving payments)
    Businesses can easily accept in-person, contactless payments for your business. Wherever you are, all you need to accept card payments is your bunq app and your smartphone.
  • Save time with automation
    From bookkeeping integrations and AutoVAT to quick invoice processing, bunq offers a wide range of tools that save you time, so you can get back to running your business.
  • Sky-high interest rates
    Boost your savings with 2.51% interest on EUR for personal accounts and 0.75% for business accounts — and earn even more on USD and GBP. Interest is paid out every week, so you can benefit from compound interest.
  • Teamwork made easy
    For businesses - quickly and safely share your account with co-directors and employees, so you can manage money collectively and make financial decisions together, all within the bunq app.
  • Bank like a local, wherever you are
    Open accounts with NL, DE, ES, FR & IE IBANs, and in up to 22 currencies quickly and without any hassle. You also get 6 worldwide ATM withdrawals for free every month.
  • Plant trees with your card
    As a bunq user you'll plant trees just by using your bunq card. We're planting mangroves in Kenya thanks to our partner veritree. You can also track the estimated CO2 impact of your transactions in the app!
  • Exclusive Business Card perks
    With our business accounts, get top discounts on tools and services like Google Workspace to help your business grow and succeed.

MyBank videos

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bunq videos

bunq Update 27

More videos:

  • Review - Bunq Review - The SUPERGREEN Bank of the Future!
  • Review - Automate your payments with bunq API

Category Popularity

0-100% (relative to MyBank and bunq)
Finance
37 37%
63% 63
Online Payments
38 38%
62% 62
Recurring Billing
43 43%
57% 57
Payment Platform
29 29%
71% 71

User comments

Share your experience with using MyBank and bunq. For example, how are they different and which one is better?
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Social recommendations and mentions

Based on our record, MyBank should be more popular than bunq. It has been mentiond 11 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

MyBank mentions (11)

  • What precautions should I take to not get hacked when using public wifi?
    What are you thinking of? A honeypot that redirect mybank.com to a hacker controlled domain such as myb4nk.com, hoping the user doesn't realize the redirection? It could potentially work but that seems like a lot of work just to target random people on a public wifi hoping that they visit one of the domains you spoofed. Source: over 2 years ago
  • Keeping the latest last pass breach in mind, is it safer to use password managers without entering the url of the site or the name of that site.
    So how does the browser extension/plugin decide which usernames/passwords to show you? It decides based on the URL -- this assumes that you gave the password manager the correct URL for each entry (e.g., for my bank I would give it https://mybank.com). Source: over 2 years ago
  • SSL Deep Inspection
    Without deep inspection, the Fortigate will see: https://mybank.com. Source: over 2 years ago
  • Can ISPs/VPNs see your bank/bitwarden password
    So if you go to https://mybank.com, the DNS lookup is done via the VPN provider. Source: over 2 years ago
  • Remember to be careful when receiving emails from your “bank”, they are very easy to fake.
    IE instead of asking me to log on to mybank.com it asked me to logon to e.mybank.com. Source: over 3 years ago
View more

bunq mentions (3)

  • NexoCard issues/rejections in Germany
    I had similar issues with bunq.com from Netherlands where their Mastercards where registered in Russia and they had to fix it and afterwards everything is fine and you can use the card without any major problems. Source: almost 3 years ago
  • [FWI] More people would use those existing solutions?
    Plants trees for customers under 18 • https://bunq.com. Source: about 3 years ago
  • Is YNAB really better than just using multiple bank accounts as envelopes?
    I use Vivid here in Germany (https://vivid.money/en-de/) and before that Bunq (deemed it too expensive) (http://bunq.com), but these are both only available in Europe. Looks like One Finance could be an alternative for people in the US, if that applies to you (https://www.onefinance.com). Source: over 3 years ago

What are some alternatives?

When comparing MyBank and bunq, you can also consider the following products

Chime - Group video conversations with your friends & community

BankWorld Mobile - Mobile banking software

MX - Keep your business data safe with MX's secure file sharing platform. Our enterprise-grade security features make it easy to share files while keeping your company's sensitive information protected.

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

U.S. Bank - What would you do if you had more time?

Coinbase - Bitcoin, safe and easy.