JesseAce
Hey bunqers,
I just wanted to let everyone know why bunq premium needed to be created.
It is actually quite simple.
Bunq is not a traditional bank. It is a bank that doesn’t invest your money. (outside of legal requirements)
This makes it impossible for bunq to try to compete with traditional banks money wise. Big banks like ING invest a lot of money in things you don’t want your money to go to. The investing mentality/betting mentality is what got the western world into the big banking crisis of ‘08.
Bunq is trying something different.
Bunq asks you to pay for a subscription which some people may say is to high. However, you have to realize bunqs business model is completely different from traditional banks. You can’t compare bunq with traditional banks.
Bunq does risk something with this subscription model. All the money they now get should only go to one thing: the app. If the development of the app isn’t fast enough there is a risk people start to jump off the bunq hype train.
However, I have full trust in bunq that they are able to make the best banking app out there and bunq has long and bright future ahead!