bunq Together

bunq Joint questions

Roeshimi

Jeroen 🏳️‍🌈 I also hope there will be an FAQ post by bunq to clear things up

LH-Black-Wolf

iivvoo You can open an actual en/of account. Connect is to “share” one of your bankaccounts (IBAN) with others, such as your wife. This doesn’t give her legal ownership. You can also create a joint account, which is en/of. Your wife will be the legal co-owner and the account is in both your names. You create this type through create account -> joint (“gezamenlijke rekening”). Then it is a true 100% en/of account that you both see in your own Bunq (premium) accounts and have full control over.

JeroenE

iivvoo Joint accounts already exist for quite some time at bunq. And you aren't limited to two persons on those either. But of course everybody needs to have their own personal subscription to be able to get invited for a Joint Account. You can be on Free as fas as I know, but the person creating the account can't.

If you want to try id, you can add a new account and the app will ask if you want a Personal Account, Savings Goal or Joint Account.

iivvoo

Jeroen 🏳️‍🌈 Thanks for the clarification. I guess I decided on using connect in stead of "joint" because when I initially created the "household" bankaccount my wife didn't have a bunq account yet, and you can't add afterwards, so I chose connect in stead. I think.

And now I understand @LvH 's confusion about joint-subscription/connected-account/joint-account.

And now I see even less purpose for the joint subscription. I'd rather see Bunq fix the notification madness for us multi-subscription-holders :)

Roeshimi

LvH OK that might be interesting for some, like students living in a flat for some time together and who try to save money on the subscription. However I doubt that makes sense for more than 3 people because of the physical card limit.

JeroenE

Peter 🧗‍♂️ Thanks for your answer, I do hope you guys get around to explaing how it actually works. Because the topic on Together lacks all of this information.

BTW, why does that topic guide you to an external website with more information instead of just putting it on Together? Why are we forced to accept privacy policies fo third parties to read about stuff that bunq introduces?

JohnDo

Peter 🧗‍♂️ Hi Peter, thanks. 🙏

Have to say... pretty complex product... because of different elements of different memberships a glued together..

But I'm beginning to understand

Jos-Golden-Unicorn

LvH I have read somewhere max. 10 for 1 bunq joint. On the official Bunq site it says (partner(s)) so more than 1.

LH-Black-Wolf

Jos Yeah then I can see some situations in which this joint subscription can be beneficial. I thought it was limited to 2 people, in which case 2 pack subscriptions would be far superior. But if you share it with 3 people and all get one physical card each: this offers an advantage. (Unfortunately that would mean 3 maestro’s though and no room for a physical mastercard, if only we could finally get rid of Maestro and make everything MasterCard Debit! Sucks the acceptance rate for MasterCard is still crappy. :()

JeroenE

LvH I don't have either Apple Pay nor Google Pay, but does anyone know if it's possible to add the same card to separate wallets? After all, this card belongs to all of the Joint Subscription members so everybody should be able to add it to their own wallet, right?

LH-Black-Wolf

Jeroen 🏳️‍🌈 I can't speak for Google Pay, but for Apple Pay: yes, to my knowledge it's certainly possible to have the same card in Apple Pay - no problem. I assume it's the same for Google Pay, but wouldn't want to give the wrong idea in case I'm wrong and they do do it differently.
The way Apple Pay works is that the card is just used in the final step, you technically get a virtual card in Apple Pay (it even has a different card number per device) and only Apple communicates with the bank on the real card number - which can be shared.

JeroenE

LvH Great, that means you could have 1 Maestro and 1 MasterCard that everybody can add to their wallet (at least for Apple and probably for Google too). That would solve a lot of the "who has the card because I want to do the groceries" situations.

JeroenE

LvH Just a follow-up question. If Apple Pay actually uses the card that means that you can't have your own private account connected to that card, can you? I mean, if you do (because you want to pay for your own holiday for example) and someone else is using it at (almost) the same time to pay for the groceries this means the groceries get paid from your holiday account instead of the joint groceries account. Or isn't this how it works?

Wouter-Lime-Kiwi

I’d like to upgrade to joint but i can’t do it via my android phone nor do i get the option on my iPad. In NL right now, do I have to wait for an app-update perhaps?

LH-Black-Wolf

Wouter Yes, it looks like the updates are not available yet - but they're pending release. :)

Wouter-Lime-Kiwi

LvH Alright, It sounds like it’s worth the wait :))

LH-Black-Wolf

Jeroen 🏳️‍🌈 Absolutely, although the places you go to of course do have to support contactless payments. If they don't, you still need a card: and that's where it get's tricky. However, as mentioned in another topic it looks like come may this year: all terminals in NL (in stores) must support contactless payments. So that solves a lot of problems (in the Netherlands anyway, dont know how contactless acceptance is in other bunq countries). And the physical cards I guess you can then just share whoever needs it when they go abroad... Although that'll be tricky if you don't live near each other. :P

Incidentally, I think this would work even better if you activate a Tap&Pay card. You can actually add that to Apple Pay and Google Pay as well in supported countries, and if the card got a supported region when it was generated. That card is 100% virtual Maestro and does not count towards your total amount of cards. That's an ideal card to have for this Joint Subscription, and if I understand the OP correctly: everybody can create 5 online MasterCard's and has all advantages such as Google and Apple Pay - so I imagine that includes being able to generate a virtual Tap&Pay Maestro as well. Then you don't even have to use the same cards with Tap&Pay/Apple/Google Pay, everybody can just put their own T&P in there.

JeroenE

LvH Yes, they are very unclear in their post about what works and what not. They do mention a few things, these are specified for (total) or (per person). So for all the things they did not list nobody knows how it works :sad:

LH-Black-Wolf

Jeroen 🏳️‍🌈 Yes, true. Forgot about that. It works just like a physical card in that regard, so whatever account the physical card is linked to in bunq at the moment of payment is where it draws money from. You’re right, that’s a problem. Virtual T&P Maestro solves that issue though as it’s truly your own card.