bunq vs Pleo
Side-by-side comparison — pricing, features, ratings, use cases. Find which Neobanks fits you best.
🔍 Independently researched ·
📊 Data-driven
46/100
Free tier
Eco-conscious EU/EEA residents who want a modern mobile bank with multiple sub-accounts, automatic budgeting, and visibl
💰 Pricing
🆓 Free tier available
Free tier includes 1 IBAN, basic features, ATM limits (€500/month EUR and €200/month foreign), and no travel insurance.
Starting at 69 Kč (freemium)
Fee notes:
- FX markup: 0.5% above interbank rate for currency conversions.
- Additional IBAN: €0.99 per month each.
- Card replacement fee: €10.00 (free for Metal plan).
- Out-of-network ATM fee: 1% of withdrawal amount (if exceeding monthly limit) for EUR, 2% for foreign currency.
- International transfer via SWIFT: €10.00 per transfer (fee waived for Metal plan).
⚠ Watch for:
- Easy Bank plan requires at least 3 transactions per month; otherwise a €9.99 fee applies.
- ATM withdrawals above monthly limits incur a 1% (EUR) or 2% (foreign) fee.
- Foreign currency withdrawals are subject to a 2% fee after the first €200/€750/€1,500 depending on plan.
- SWIFT transfers cost €10 each on all plans except Metal.
🔧 Features
✓ Free Tier✓ Mobile App✓ Multi Iban✓ Green Focus✓ Joint Accounts✓ Auto Sort
📋 Assessment
💪 Strengths
- Sustainability is genuinely built into the product. Every time you spend, bunq plants trees — one tree per €100 across all your card transactions. The app tracks your impact in a dedicated 'Green Card' section, showing your forest and the number of trees planted. This isn't a marketing afterthought; it's woven into the core experience, and you can see exactly how your spending affects the planet.
- Multiple IBANs and unlimited sub-accounts allow for exceptional financial organization. You can create separate accounts for bills, groceries, travel, or anything else, each with its own IBAN and card. This means you can set up direct debits for different purposes, keep budgets clean, and even accept payments into specific accounts. It's a powerful tool for freelancers or anyone who wants to separate personal and business finances without opening multiple banks.
- Auto-sorting is a standout feature that saves time and reduces manual effort. You can set rules (e.g., 'round up to the nearest euro and save') or let bunq automatically categorize incoming and outgoing payments. Funds are moved into designated sub-accounts based on your spending patterns, making budgeting nearly effortless. It's like having a personal accountant that works 24/7.
- As a fully licensed Dutch bank, bunq provides strong regulatory protection. Your deposits are guaranteed up to €100,000 under the EU deposit guarantee scheme, which is a critical safety net. This gives peace of mind, knowing your money is backed by a government-mandated insurance program, unlike many fintechs that only offer pass-through protection or none.
- The app experience is smooth and modern. Transaction viewing is intuitive, with instant notifications and real-time spending insights. You can also use contactless payments via Apple Pay or Google Pay, and virtual cards are available for online shopping. The app learns your habits and offers 'Spendz' — virtual prepaid cards that auto-convert to your local currency when you travel, eliminating foreign transaction fees.
⚠ Watch out for
- There is no free tier. Even the most basic bunq account costs €3/month, and to access the full feature set — multiple IBANs, sub-accounts, and auto-sorting — you need to pay at least €8.99/month for the Premium plan. This is a significant barrier if you're used to fee-free banking from Revolut or N26, and the cost can quickly add up for those with multiple accounts.
- Bunq is only available to EEA residents (plus a few adjacent countries). This means if you live in the UK, US, or anywhere outside Europe, you cannot open an account. This severely limits its appeal for non-Europeans, and even for Europeans, moving outside the EEA will cause your account to be closed.
- No physical branches or cash deposit network. If you ever need to deposit cash or speak to someone in person, you're out of luck. Everything is done through the app or online support. For a fully digital bank, this is expected, but it's a drawback for users who rely on occasional cash handling.
- Customer support can be slow and is primarily app-based. While there is a chat function and email support, response times can be up to a few days. There's no phone support, so urgent issues may be left unresolved. For a paid product, this lack of immediate assistance may be frustrating.
- The pricing structure is confusing. There are multiple tiers (Easy, Easy Money, Premium, Metal) with different benefits, and the most attractive features are often locked behind higher prices. This makes it difficult to choose the right plan, and you may end up paying for features you don't need just to get the ones you do.
🎯 Best for
Eco-conscious EU/EEA residents who want a modern mobile bank with multiple sub-accounts, automatic budgeting, and visible sustainability impact.
🚫 Who should skip
People outside the EU/EEA, users looking for a free bank account, or anyone who needs physical branches and extensive cash-handling features.
📚 Learning curve
Moderate — the app is intuitive, but understanding plan tiers, sub-account settings, and auto-sort rules takes some initial setup time.
🧑⚖️ Verdict
Bunq is an excellent choice for EU-based professionals and freelancers who want a feature-rich, digital-only bank with a strong sustainability focus. However, the lack of a free tier and the limited geographic availability mean it's not for everyone. If you value multiple IBANs, auto-sorting, and tr
65/100
Free tier
European SMEs and mid-market companies that want to automate expense reporting, control employee card spending, and simp
★ Best
💰 Pricing
🆓 Free tier available
Standard plan is free, but only for companies with fewer than 25 employees and includes limited features.
Starting at 115 Kč (hybrid)
Fee notes:
- FX markup: 0.5% above interbank rate on Standard, 0.2% on Premium, 0% on Metal for major currencies
- International ATM withdrawals: 3 free per month on Standard, then 2.5% fee (minimum €2.50)
- Domestic ATM withdrawals: free up to 3 per month on Standard, then 2.5% fee
- Card replacement fee: €6.50 for standard card, €19 for metal card
- International transfer fee: 0.2% (min €1) for SWIFT transfers
⚠ Watch for:
- ATM withdrawal fees after the monthly limit (2.5% + minimum €2.50)
- Receipt scrutiny: non-compliant expenses may incur a €15 processing fee
- European bank transfer for non-EEA currencies has a 0.2% fee
- Account closure fee of €29 if closed within first 12 months
🔧 Features
✓ Free Tier✓ Business Only✓ Virtual Cards✓ Receipt Capture✓ Accounting Integration
📋 Assessment
💪 Strengths
- Real-time spend visibility: Pleo sends instant notifications for every transaction, while its dashboard provides a live view of all company spending. This allows finance teams to catch unauthorized or unusual expenses immediately, preventing budget overruns and fraud. For finance managers, this real-time insight is invaluable, turning expense monitoring from a monthly pain into a daily, proactive control.
- Automatic receipt capture with OCR: The mobile app uses OCR to extract receipt data and automatically matches it to the corresponding transaction—often without any user intervention. This eliminates the paper trail and manual data entry, reducing the time spent on expense reporting by up to 90% for frequent spenders. The matching algorithm is remarkably accurate, and any exceptions are flagged for easy resolution.
- Seamless accounting integrations: Pleo integrates natively with Xero, QuickBooks, and Sage, automatically syncing transactions and receipts directly into your accounting system. This near-automatic reconciliation keeps books up-to-date without manual effort, and the integrations are reliable and configurable, with options for categorization and tax handling. For finance teams, this means month-end close is faster and more accurate.
- Customizable spending controls: You can set per-card limits, merchant restrictions, and approval workflows, giving you granular control over employee spending. Budgets can be set at team, project, or individual level, with real-time alerts when approaching limits. This is particularly useful for managing external contractors or temporary staff, ensuring they spend within pre-agreed boundaries.
- Smart company cards with virtual and physical options: Pleo issues both physical cards (contactless, with a distinctive design) and virtual cards that can be created instantly and used for online purchases. Virtual cards are disposable and can be locked to specific merchants, reducing fraud risk. Employees can manage their cards via the mobile app, and finance can see who spent what, where, and on what, in real time.
⚠ Watch out for
- Per-user pricing adds up: Pleo charges per active user per month, currently starting at $5 per user for the basic plan. While this seems affordable initially, it quickly becomes expensive as you add team members—especially if you need to issue cards to many external contractors or part-time staff, who may only make occasional purchases. For a company with 50 users, the monthly cost can exceed $250 before adding premium features.
- No free tier: Unlike some competitors (e.g., specific neobanks like Revolut Business or N26 Business), Pleo does not offer a free plan. This makes it inaccessible for very small businesses or freelancers with minimal expense activity, who might pay a small monthly fee but lack a way to try the platform without committing.
- Currency conversion fees: Transactions made outside EUR/GBP incur a conversion fee of around 1.5%. For teams that frequently purchase from non-European suppliers or travel internationally, these fees can accumulate, adding a hidden cost that isn't obvious on the pricing page. Alternatives like Wise Business offer interbank-rate conversions for a lower markup.
- Relative complexity for small teams: While Pleo automates a lot, setting up approval flows and budgets requires time and configuration. For a three-person startup where expenses are rare and simple, the learning curve and ongoing management might be overkill, making it less 'plug-and-play' than advertised. Some users report that configuring categories and rules takes a few hours to get right.
- Support can be hit-or-miss: Pleo's support is primarily via in-app chat or email. While they have a comprehensive help center, response times can vary, and phone support is not offered. For urgent issues—like a blocked card during a business trip—the lack of immediate phone support can be frustrating.
🎯 Best for
European SMEs and mid-market companies that want to automate expense reporting, control employee card spending, and simplify accounting reconciliation.
🚫 Who should skip
Businesses that need a full corporate bank account with credit or lending capabilities, or small teams on a tight budget who can sync expenses manually.
📚 Learning curve
Moderate — the core card issuing and transaction tracking is intuitive, but setting up custom rules, integrations, and approval workflows requires some initial configuration and admin training.
🧑⚖️ Verdict
Pleo is an excellent spend management solution for growing and mid-sized companies in Europe that want to eliminate manual expense reporting and gain real-time control. If you're a small startup with less than 5 users and minimal spending, the per-user cost and lack of a free tier may give you pause
📊 Use Case Suitability
Higher score = better fit. Scores from editorial review.
Use CasebunqPleo
Everyday Spending in the Eurozone95—
Bunq provides a Dutch IBAN, a Mastercard, and instant payment notifications, mak
Sustainable Banking and Carbon Tracking92—
Tree planting per transaction and visible sustainability metrics are core featur
Managing Multiple Budgets and Sub-Accounts90—
Auto-sort rules and unlimited sub-accounts allow users to separate rent, groceri
Joint Money Management for Couples or Partners85—
Shared accounts, multiple cards, and real-time activity feeds make it straightfo
Travelers within the EU80—
Bunq's multi-currency support and EU-wide ATM/card acceptance are useful, though
Expense Management for Growing SaaS Companies—95
Pleo automates receipt capture, enforces spending policies, and syncs with accou
Remote Team Purchasing & Procurement—90
Virtual cards can be issued instantly to remote employees or for specific subscr
Project-Based Budget Tracking—78
Pleo allows spending limits and custom categories, but project-level reporting i
🧭 Which One Should You Pick?
Choose bunq if...
- You are: Eco-conscious EU/EEA residents who want a modern mobile bank with multiple sub-accounts, automatic budgeting, and visibl
- 👍 Sustainability is genuinely built in: tree planting is tied to your spending and visible in the app,
- 👍 You can create multiple IBANs and unlimited sub-accounts, making it easy to compartmentalize spendin
- 👍 Bunq is a fully licensed Dutch bank, so your deposits are covered by the EU deposit guarantee scheme
- 💰 From $3/mo
- ⚠ Trade-off: There is no free tier; even the most basic account requires a monthly subscripti
Choose Pleo if...
- You are: European SMEs and mid-market companies that want to automate expense reporting, control employee card spending, and simp
- 👍 Real-time spend visibility with instant notifications on every transaction, helping finance teams ca
- 👍 Automatic receipt capture via OCR—most receipts are matched to transactions without manual effort, s
- 👍 Seamless integration with popular accounting tools like Xero, QuickBooks, and Sage, making reconcili
- 💰 From $5/mo
- ⚠ Trade-off: Pleo is pricing per user per month, which can get expensive as your team grows—e
❓ Frequently Asked Questions
Does bunq offer a free account?
No, bunq does not have a permanent free tier. All plans are subscription-based, though they offer a 30-day free trial so you can test the features before paying.
Can I use bunq if I live outside the EU/EEA?
Bunq is designed for EEA residents and requires an EU/EEA address to open an account. Availability for UK, US, or other non-EEA residents is very limited.
How does bunq's tree planting work?
Bunq links transactions to tree-planting projects and shows the estimated number of trees planted in the app. It is a core part of their sustainability focus, though the actual planting is handled through certified partner organizations.
Is my money protected by EU deposit insurance?
Yes. Bunq is a licensed Dutch bank, so deposits are protected under the Dutch deposit guarantee scheme up to €100,000 per customer.
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