Hey bunqers 🌈

In accordance with the Markets in Financial Instruments Directive (MiFID), a European Union legislation that regulates the buying and selling of stocks, bunq is required to collect specific identification numbers from users who wish to start using bunq Stocks.

Why do I need to provide a MiFID nationality code?

This is a mandatory requirement under the MiFID legislation for all financial institutions operating within the European Union, and it is designed to increase transparency and provide robust investor protection.

How can I provide my MiFID nationality code?

When you're setting up stock trading in the bunq app, you'll be guided on the specific MiFID identification number required based on your nationality.

Is a specific ID type required?

When signing up for bunq Stocks, you may notice that we ask for a specific document, such as a passport, and might not accept other forms of identification, like a national ID card. This is because MiFID regulations require us to collect the primary, or 1st priority, identification document for each country. The specific document type needed can vary from one country to another.

For example, users from Cyprus will be asked to provide a Cypriot Passport Number, as this is designated as the primary identifier under MiFID for that country. The national ID card cannot be accepted for trading stocks in this case.