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Lunar review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Lunar suits people living in Denmark who want a current account that pays interest every month and can be held jointly, with a rate of 0.25% to 1% credited monthly and withdrawals left open. Students, teens and expats get a simple app-led account, though the rate is modest next to the alternatives here.

Key facts

Best for
A current account in Denmark that pays monthly interest and suits students, teens and expats.
Headline rate
0.25% to 1%↗
Rate type
Variable↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
Withdraw anytime; interest paid monthly on all current accounts↗
Monthly fee
DKK 0↗
Account kind
Easy access↗
Legal entity
Lunar Bank A/S↗
Headquarters
Denmark↗
Founded
2015↗
Support channels
Email, Chat, Help-centre↗
Pricing model
No monthly fee
Official website
lunar.app

Everyday accounts

Currency conversion fee
0% to 1%↗
Local account details
IBAN↗
Free ATM withdrawals
DKK 0↗
Transfer fee
Outgoing transfer 3 DKK (Light); 0 DKK per transfer in SEK, NOK or EUR, 50 DKK per transfer in other currencies; 0.5% exchange fee on non-DKK transfers↗
Audience
Expats, Students, Teens
Features
Free ATM withdrawals, Joint account, Digital-only

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataTrustpilotLinkedInXfacebook.com

Pros and cons

Pros

  • Interest is paid monthly on all current accounts, and the account is easy access, so the balance stays spendable.
  • The monthly fee is DKK 0, so nothing is deducted for keeping the account open.
  • Balances are covered by the EU deposit guarantee scheme, with protection of EU DGS up to EUR 100,000.
  • A joint account is part of the offering, so two people can share the same balance (free atm, joint account and digital only).

Cons

  • Currency conversion costs 0% to 1%, and an exchange fee applies on non-DKK transfers, so spending abroad is where the cost sits.
  • Support runs on email, chat and help centre only, with no phone line listed for problems the app cannot answer.
  • The free cash machine allowance is DKK 0, so ATM withdrawals are not part of what the account gives you.
Lunar

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Scored 8.7 / 10 by VaultCue.

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Who it suits

  • Students and teens opening a first account, since Lunar lists expats, student and teen as its core groups.
  • Expats living in Denmark who want local payment details, since transfers use your own IBAN (iban).
  • Couples sharing a balance, since a joint account sits in the feature list (free atm, joint account and digital only).

Who should look elsewhere

  • Shoppers chasing the top rate: Plazo ES advertises 24.19% and AXI Card Tarjeta y Credito 21.59%, both far above the 0.25% to 1% paid here.
  • Anyone who wants included cash machine use or a phone support line, given the free ATM allowance is DKK 0 and support runs on email, chat and help centre.

The company behind it

The account comes from Lunar Bank A/S, a bank registered in Denmark and founded in 2015. People reach the company through email, chat and help centre, so answers arrive in the app, by email or from a help centre rather than in a queue. Keeping support digital is part of why the price list stays short.

How Lunar compares

Where Lunar is available

Available
Denmark, Sweden
Licence in Denmark
Danish Financial Supervisory Authority (Finanstilsynet), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much does it cost to keep a Lunar account?+

The monthly fee is DKK 0, so there is no charge for keeping the account open. The costs sit on money moving: currency conversion costs 0% to 1%, outgoing transfers carry a small fixed fee, and transfers in SEK, NOK and EUR are free while other currencies cost more. Non-DKK transfers also attract an exchange fee.

Is my money safe and who regulates the bank?+

Deposits are covered by the EU deposit guarantee scheme, with protection of EU DGS up to EUR 100,000. The account comes from Lunar Bank A/S, a bank based in Denmark that is supervised by the Danish Financial Supervisory Authority. The scheme behind it is the same one that backs deposits at other European banks.

When is interest paid and can I take money out?+

Interest is paid monthly on all current accounts, and withdrawals are open whenever you want, so nothing is locked in for a term. The account is easy access by design, and the rate type is variable, which means the interest can move instead of staying fixed.

Can I use cash machines with this account?+

The free cash machine allowance is DKK 0, so ATM use is not part of what this account gives you. That suits people who pay by card or mobile and rarely need notes. If you take cash out often, an account with a free cash machine allowance would serve you better.

Who is Lunar aimed at?+

Lunar lists expats, student and teen as its main customers, so students, teens and expats come first. It suits people living in Denmark who want one account for day-to-day spending and a little interest, rather than a separate savings product. Transfers use your own IBAN details (iban), which keeps salary and rent payments simple.

Which currencies can I hold and spend in?+

This is a Danish bank account, so the core currency is the Danish krone. Spending and transfers abroad run through currency conversion at 0% to 1%, and non-DKK transfers add an exchange fee on top. If most of your spending happens at home, that extra charge rarely shows up.

Can I visit a branch or speak to someone?+

The service is digital-only, so there is no branch to visit and nothing is handled on paper. Support runs on email, chat and help centre, which means a message in the app, an email or a help centre article. That works for self-sufficient customers and less well for anyone who wants a person on the phone.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Minimum deposit.

Lunar

Lunar

A current account in Denmark that pays monthly interest and suits students, teens and expats.

8.7/10See alternatives