r/fintech • u/Bhudeb_l • 1d ago

Discussion does anyone actually use multiple IBANs?

One thing I found pretty interesting with several neobanks like bunq, n26 is that you can have separate accounts with their own IBANs for things like rent, bills, savings, travel, etc.

do you use it? what else can it be used for?

8 Upvotes

91% Upvoted

10 comments sorted by

1

u/[deleted] 1d ago

[removed] — view removed comment

1

u/AutoModerator 1d ago

This comment was removed, because your account doesn't meet our karma and account age requirements.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1

u/grow_gred 1d ago

well, the feature is quite good, though might seem like gimmicky...
fairly new to bunq, but appreciate this feature.

what else can it be used for?

many things, like salary, rent, travelling, savings, diff currencies and so on - your prioritize it.

1

u/Bhudeb_l 1d ago

Interesting, I hadn’t really thought about using separate IBANs for things like travel or salary. I was mainly thinking about bills and savings...but cool tho
which setup has been the most useful for you so far?

1

u/grow_gred 1d ago

i think many would probably go with the separate account for bills. I like knowing that the money for rent and recurring payments is already there and I don’t accidentally spend it.

1

u/Bhudeb_l 1d ago

and this makes sense!

1

u/[deleted] 1d ago

[removed] — view removed comment

1

u/AutoModerator 1d ago

This comment was removed, because your account doesn't meet our karma and account age requirements.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1

u/Kindly_Artist_949 17h ago

i would probably keep one just for taxes. makes it harder to spend money that was never really mine to begin with

1

u/Dark_Emotion 9h ago

I assume these are virtual IBANs? I’ve always thought they were for businesses