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Overview

Description

Lunar is a Nordic digital challenger bank offering modern mobile-first personal and business accounts, loans, investments, and cryptocurrency trading without physical branches.

General Info

Address
Hack Kampmanns Plads 10, 8000 Aarhus C, Denmark
Phone number
+45 69 66 12 00
Identification number
CVR: 39697696
CEO
Ken Villum Klausen
COB
Ken Villum Klausen
Email
support@lunar.app
Full name
Lunar Bank A/S
Name
Lunar
Website
https://www.lunar.app/en/personal
Social Media
SWIFT code
LUNADK22XXX
Year of foundation
2015

Overview

Crypto-Friendly

Risk
Low risk
Commissions
Low
Mobile App
iOS, Android, Web, Api
Supported languages
Korean, Lingala
International Transfers
SEPA, Faster Payments
Authorities
SFC, MFSA, IFSC, CFTC
Regulators
RBI, MAS, FSPR, BCB
Country of registration
Burundi
Business focus
Investments, Money transfers, Student loans, Corporate banking
Card/Payment Scheme
Alipay, American Express, Mastercard, Rupay
License type
Cryptocurrency Exchange License, Wealth Management License, Payment Institutions (PIs), Offshore Banking License
Account Currency
SBD, TMT
AML Tolerance
Low

Products

Payment Cards - Debit

CBDC

Cryptoprocessing

Investments

Loans - Car loans

Loans - Consumer loans

Loans - Microloans

Loans - Mortgage loans

Loans - Student loans

Payment Cards - CashbackCard

Payment Cards - Credit

Payment Cards - Crypto

Payment Cards - Prepaid

Payment Cards - Travel

SEPA

SWIFT

Savings accounts

Staking

Time Deposits

Trading accounts

Features

ATM support

Acquiring bank

Cryptocurrency exchange

Cryptopayments

Expense Management Tools

Overdrafts

Personal Manager

Servicing of Individuals

Servicing of Legal entities

Area served

Africa
Rwanda, Mauritania, Central African Republic, Cabo Verde
Asia
Georgia, Singapore, Brunei
Australia and Oceania
Kiribati, Australia, Tuvalu
Europe
San Marino, North Macedonia
North America
Belize, Bahamas, Haiti
South America
Bolivia, Chile

Pros & Cons

Pros

  • Instant Virtual Cards. Instant issuance of virtual cards right after opening an account or in just a few clicks

  • Multi-Currency Accounts. Ability to open and conveniently manage accounts in different currencies within a single dashboard

  • Cashback & Rewards. Loyalty program offering high cashback percentages or bonus miles on purchases

  • High Savings APY. High interest rates on savings accounts and deposits

Cons

  • Hidden Fees & Commissions. Presence of non-obvious fees (for bank statements, account inactivity, SMS alerts, etc.)

  • Low Interest Rates on Deposits. Extremely low, near-zero interest rates on deposits and savings accounts

  • Slow Customer Support Response. Slow customer support service, long response times in chats, or extended waiting times on the line

  • Strict Crypto Restrictions. Strict policy regarding cryptocurrencies: account freezes for transactions related to crypto or P2P