YangRookie
- Edited
We are attracted by Bunq for the high interest, especially the saving interest raise to 2.5% now. I think Bunq wants to attract more savings.
However we found out that you can withdraw all of your savings at once to any account, without 2 factor system like google authentication, without limit and whitelist system. This can be dangerous as if you leak your passwords or are forced to send all the money to another person immediately.
We need at least one of the following features:
- A limit system, like other banks, to be able to change the withdraw limit which can only be effective after a few hours time
- A linked transaction account (whitelist). You can only withdraw your save to the specified account and not a random one. All the other banks are done in this way as saving account by definition should only withdraw to your own transaction account
- an optional 2-factor protection code like google authentication when you need to transfer a big amount of money. The password of the phone doesn't count here.
Without it we don't feel Bunq is taking the security risk of withdraw seriously and we have huge concern to put our saving here. Please seriously consider this and have a discussion with the CEO.
Thanks!