bunq Together

Easy Budgeting ✨

bunq

Hey bunqers 🌈

With Easy Budgeting, you can now budget with zero effort! Set up dedicated Bank Accounts and budget from them automatically.

How does it work?

Create a new Easy Budgeting Bank Account

Start budgeting from scratch by following these easy steps:

Go to the Budgeting tab
Tap the three dots in the Spending Insights section
Tap on "Create Dedicated Bank Account"
Pick your budget’s category/categories
Set an amount, budget type and top-up timeframe
Personalize the Bank Account
You’re done 🙌

Activate Easy Budgeting for an already existing Bank Account

You can follow these steps to activate the feature for an already existing account:

Go to the 🏠 Home tab
Select the Bank Account
Tap on ⚙️ Settings
Select Easy Budgeting
Turn on the toggle and set your budget!

You can turn the feature on and off whenever you want and as many times as needed.

Insight’s Easy Budgeting suggestions

When you check your Insights tab, you’ll see a suggestion to automatically budget for the categories where you spend the most.

How do I know when I’ve reached my budget?

You’ll know you reached your budget by looking at the bar chart - your budget progress will appear as an orange line.

If you reach your budget - don’t worry, you can top up and refill your budget right away by following these easy steps:

Go to the Home tab
Select the budgeting Bank Account in question
Click on 🟣 + Add Money
Top up your budget in just a few taps

What budgets can I set?

With Easy Budgeting you set your own limits 🚀

You can set a one-off budget: you create it, you top it up and if you reach it - you can renew it. Easy as that!
You can set a monthly budget: set an automatic monthly top up that equals your budget limit;

What’s AutoSelect?

With AutoSelect the bunq app will automatically detect the category of your expenses and make the payment from the correct Easy Budgeting Bank Account.

For example - you pay at the cinema with your bunq card which is connected to a regular Bank Account. However, at the same time you have a budget for Entertainment, which isn’t linked to the card. In such case, AutoSelect will deduct the funds automatically from the corresponding budget, if the balance is sufficient - easy as that 🙌

You can activate and deactivate AutoSelect by following these easy steps:

Go to the 🏠 Home tab
Select the card you want to use AutoSelect with
Tap on the Bank Account under Pay From
Tap on AutoSelect
Done ✅

I no longer need Easy Budgeting for my Bank Account. Can I disable it?

Yes, you can! Simply follow these easy and fast steps:

Go to the 🏠 Home tab
Select the Bank Account
Tap on ⚙️ Settings
Select Easy Budgeting
Turn off the toggle

How can I create a Custom Payment Category?

Want to get personalized insights on your spending? With bunq Update 22, we introduced Custom Payment Categories so you can fully personalize your spending insights with customizable categories!

You can have up to 9 customized categories, which you can create when opening a new Easy Budgeting account by following these simple steps:

Go to the Budgeting tab
Tap the three dots in the Spending Insights section
Tap on Create Dedicated Bank Account
Tap on Categories
Select + Add Custom Category
Personalize the new category
Click on "Create"
Done!

Once you create a new customized payment category and manually add payments to it, you'll be able to teach the Spending Insights engine to recognize the category better so it automatically adds relevant payments in the future. This way, the app provides you the overview you want to see - all based on the insights you need.

How can I teach the bunq app to better recognise payments in my Custom Payment Category?

Easy! By allowing the category to be applied to all similar payments to the one you want to categorize. In order to do so, you can simply follow these steps:

Go to the 🏠 Home tab
Select a Bank Account
Tap on the payment you want
Tap Category
Select "Category"
Choose the Custom Payment Category you want
Set the category to match "All similar payments"
Done!

How do I set up a Joint Easy Budgeting account?

Want to set up a dedicated joint budget for groceries, utilities, nights out or holidays with your friends, family or partners? Simply follow the steps below:

Go to the 🏠 Home tab
Select a Joint Account
Click on ⚙️ Settings
Select Easy Budgeting
Enable Easy Budgeting
Set your budget's metrics
Tap on Save
Done!

Now whenever you or any member of your Joint Easy Budgeting account makes a payment in the category assigned to that account (like groceries, travel, etc), the payment will be automatically deducted from the budget you've set accordingly.