Lunar Review

Company background

Lunar is a licensed bank, founded in 2015, headquartered in Denmark, operating under Lunar Bank A/S. Lunar is the standout licensed neobank for the Nordics, folding savings, investing and crypto into a single regulated app. We rate it best for the Nordics. At its core it is a 4-currency account you run entirely from your phone, bundling in-app savings, budgeting tools, business accounts, stock investing and crypto into one app.

Fees and pricing

On day-to-day costs, Lunar charges no monthly account fee, and applies a 0% markup on foreign-currency spending.

• Monthly fee: no monthly account fee.
• FX markup: 0% on spending outside your currency.
• ATM withdrawals: 0% fee.
• Savings: up to 2.5% AER on in-app balances.

For everyday domestic use the running cost is effectively nil, so the figure that matters most is how often you spend or withdraw in another currency.

Regulation and safety

Lunar operates as a licensed bank, regulated by Finanstilsynet. Eligible deposits are protected up to 100,000 EUR under Nordic deposit guarantee up to 100,000 EUR. That guarantee is backed by a national compensation scheme, so your covered balance is returned even if the provider fails.

Platform experience

Lunar is available across iOS, Android and Web. The mobile apps score 4.6/5 on the App Store and 4.2/5 on Google Play. Payments run on a Mastercard physical and virtual card, and it works with Apple Pay and Google Pay.

Pros and cons

On the plus side, full Nordic banking licence with deposit protection, savings, investing and crypto in one app and strong coverage across Denmark, Sweden and Norway. The main trade-offs are focused on the Nordic region only and premium features sit behind paid tiers. On balance it is a comfortable pick best for the Nordics, provided its limitations line up with how you actually bank.