• Different MassInterest in different countries

I do not like where bunq is going with different interest rates for different countries. I know the difference is not much, but I preferred it when bunq announced increases that applied to everyone simultaneously.

Do not get me wrong, I understand that it makes sense to offer special deals for a limited amount of time. I can see that this can get new users "hooked". But I can not understand why the interest rate differs in the NL compared to everyone else. The European Central Bank has the same interest rate for all consumers and not just those of specific countries.

1,56% is still more than most other banks, but with bunq going above and beyond their competitors, I do not understand that the dutch users now get 2,01% p.a.

I am interested in your thoughts and I would love to understand why bunq is approaching the increases this way, compared to their increases before.

    If bunq doesn't change this policy I'm afraid I'll move my savings to other bank that passes (part of) the rate increases to his customers (plenty of them at the moment) and that treat all of them as first class citizens

      This is a bad decision by Bunq.
      In the EU single market, is it legal for a company to give different interest, for the same product, based on where someone lives?

        Disappointed to see this given we are all part of the same economic and financial bloc. I would have thought a Spanish Euro is the same as an Irish Euro and is also the same as a Dutch euro in terms of deposits which can then be used to generate the same spread against whatever treasury/bund/bond it is invested in. I'll assume this is just a glitch and that in time it will be rolled out to all countries, equal footing, as it has been done to date.

          Yeah I'm not happy with this decision either. There are other options offering more than Bunq now, such as TradeRepublic, LightYear and lots of different options on Raisin so Bunq should really be giving us all the higher rate to stay competitive.

            Very disappointed Bunq is not passing the rate increase to its Irish customers and offering different interest rates on deposits depending on which country one resides in. This is unacceptable.

              Not happy with this either. Is it possible to get an explanation from Bunq on why we can't get the same rates?

                The ECB deposit rate is EU-wide, so should Bunq's deposit rates be available for all customers in countries where Bunq operates. Otherwise Bunq is discriminating against many of its loyal customers.
                Given Bunq's practice I am considering moving my business elsewhere to a competitor that doesn't follow such practice, even if the rate is the same or less than Bunq's.

                Bunq should at least perform a review of their practice based on customer feedback & if possible give an explanation.

                  It's a bit worrying to see this sort of arbitrary discrimination in a bank that purports to serve customers Europe-wide. This is especially weird when Bunq appeals to mobile customers who aren't going to be inertly loyal for no reason. And there are better rates elsewhere as things stand...

                    I chose bunq because they offer an equal and coherent experience throughout the countries the operating in. This decision seems discriminatory and unreasonable

                      +1 not thrilled with this. Please provide an explanation @bunq

                        @New-Aquamarine-Woodpecker-3010392496#276391 If you want a reply from bunq, contact bunq support.

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