Why can't I withdraw more than 2 times p/m from a savings account?

Ewoud-Green-Leopard

Thijs good reason to move to another bank.

thijsoost

Ewoud Maybe for some, not for me. I didn't withdraw more than twice per month from my savings anyway, so nothing changed for me. I'm still a very happy bunq customer 🤷🏼‍♂️

iSn0w

I actually don't know why this is such a big deal. A savings account is for savings, where you don't touch the money. if you just want to keep it for later purposes just use a sub account (and name it savings) and you can use it as normal. I actually do like the 2 withrawals a month rule. I actually even locked my account by withraw 2x1€ just to keep me away into getting too exited into new stuff and immediately buying it, instead of thinking about it for a period of time if i really need it. this also saves alot of money.

beekie

iSn0w ik heb er ook alleen opstaan wat ik niet meteen nodig heb,
dat is na mijn idee ook het idee van een spaarrekening,

New-Mandarin-Parrot-1526792877

Hi all,
I recently moved to Netherlands and open my business account with BUNQ, but this limit of 2 withdraws per month, is ridiculous!! As a business, I need to pay suppliers, etc... Is it normal to have such a low limit? Is it normal to have a limit at all? I think the monthly fee we pay is quite high for such limitations.

thijsoost

Philippe If you need money to pay for things, don't put in a savings account. The limit is low, because otherwise bunq isn't able to offer such a high interest rate.

Jakob-Y

Philippe I'd just estimate how much money you need for the next month and store that on a regular checking sub-account. The remainder that you don't need for the next 30 days you can then still keep on your savings sub-account to generate some interest. That way you won't ever have an issue with the withdrawal limit, and if there's ever an emergency you still have at least 1 withdrawal left.

New-Maroon-Chamois-172845400

Thijs i cant see the convert to bank account option via web. what if I close the sub account ?? will all money will disappear ?

sotirios-Black-Moose

Hey Afreen. 👋
You can easily convert your Savings account to a regular sub-account on the Web, by opening the Savings account > tapping on settings ⚙️ > 🟠 Convert to Bank Account. If you don't see this option, please let our support team know 🙏

thijsoost

Afreen. You can't close an account which has money in it.

New-Chestnut-Hamster-2345331524

@Thijs hello..i als get this option on my android but to do this i have to open an esay bank accounr and that comes with a fee per mounth right?

thijsoost

Cristine What option are you talking about? You can compare the bunq plans here.

New-Chestnut-Hamster-2345331524

@D. Ristovski.Cooper but it cones with a fee because youll have to open a easybank account right?

ndthien

Thijs can you still convert it to a bank account after the limit has been reached?

alice-lime-puma

Thien Yes, that's possible! Check the steps here: https://together.bunq.com/d/5142 🌈

New-Chestnut-Parrot-1062173728

Thijs

I disagree: using savings accounts is a way of budgetting by putting money in an account until you need it, yielding some interest in the meantime. As Bunq is all about budgetting I would expect more flexibility to allow users to actually do that.

Also, the max number of 2 withdrawals applying to the combination of shared and private accounts is just nonsense.

At Knab (my previous bank) they distinguished between flexible and more long term savings accounts, the latter yielding a higher rate. Perhaps this is something that could be looked into.

thijsoost

Christov You can still use bunq savings accounts to yield some interest and use it when you need it, twice a month. Should be enough for most people, in my opinion 🤷🏼‍♂️

beekie

ik hoop dat bunq ooit met een deposito variant komt! in juni onze 20k voor 3,20% vast gezet voor 6 maand. dit hebben we niet meteen nodig en het scheelde ruim 150 euro aan rente in onze voordeel. terwijl bunq wel 3,25% krijgt van de ecb ( dagt ik ) dus ik snap dat zij tevreden zijn nu. hoplelijk met de update beter nieuws?

die 2x opname is voor ons al een paar keer een vervelende iets geweest, daarom sparen we nu bij rasain. de rente is ook nog eens beter. als je veel spaargeld heb scheelt het nog al 2,01 of 2,57% 1 nadeel is wel dat je niet in 1 seconde bij je spaargeld kan komen, maar dit voor ons geen probleem nu.

New-Chestnut-Parrot-1062173728

Thijs

My main objection is that the two withdrawals apply to the combination of private and shared savings accounts. When you have two withdrawals for both types it would already be a completely different story.

Again, I see why there is a maximum (although I think it's too low, 3 or 4 would make a huge difference imo) but I hope the suggestion of looking at more flexible savings accounts that yield lower rates (like Knab offers) is noticed. From what I've seen here I wouldn't be the only one interested.

beekie

daar zijn de meningen over verdeeld thijs

thijsoost

marcel Klopt! Daarom zei ik ook dat het mijn mening was.