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bunq expands stock trading to its Irish customers

Digital Banking
/ 29th November 2024 /
Galen English

Dutch fintech bunq has announced its Irish customers can now buy stocks on the go.

The latest offering, according to the company, is targeted at digital nomads.

It will allow Irish users to invest in a selection of the most popular US and European stocks and ETFs.

The announcement came as bunq confirmed they have tripled their user base in the country this year. 

Customers wishing to trade stocks can open an investment account to trade in fractional shares as low as €10.

Business Bulletin

New customers will be allowed to trade for free for the first three months. 

Ireland is now the third largest deposit holding market for the neobank who hired 20 new staff here in 2024.

The company say Ireland’s "vibrant tech scene and the country being in top-20 most popular destinations for digital nomads worldwide make it one of the most promising markets for bunq".

Bunq differs from established digital banks such as Revolut and N26 in that it charges fees for day-to-day banking services.

Established by Ali Niknam in 2012, after Nkinam pumped €98.7m of his own money into it.

The Amsterdam-based company has a banking licence from the Dutch Central Bank and received authorisation for its Irish IBAN from the Central Bank of Ireland in 2022.

 bunq has announced its Irish customers can now buy stocks on the go.

Bianca Zwart, bunq’s Chief Strategy Officer, said: “Digital nomads need an investment product that keeps pace with their global lifestyle.

"With Stocks, our users can effortlessly buy shares of the world’s most exciting companies and ETFs for as little as €10, no matter where they are in the world.”

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