@Zaka-Flocka-Flame#67942 Entirely correct!
I do suppose it's a lot more urgent for you compared to someone basing their choice not to receive interest on different grounds though.
With this being implemented in just a few days and payable the first of April, there is a sense of urgency that may fail to spark swift action if it gets deemed merely a feature request.

Either way, personally I'm quite surprised that there indeed seem to be all kinds of reasons other customers don't want to receive interest.

It's great to see that the bunq community is so diverse and so adamant on keeping the freedom of choice.

@Elise#67969 Hi everyone,

Thanks for sharing your feedback with us.

We always value your input and of course want to give you the freedom to choose what happens with your money.

We're always making improvements and changes based on your feedback, so we will be sure to take your wishes into account and update this topic if we have any news in the future.

For now, thanks again for sharing within the community as it really helps us see what is truly important to all of you: our users!

Cheers,

-Elise

Unfortunately this sounds like nothing is going to happen soon, if at all. Is that correct? )-:

@Elise#67969 Hi Elise,

Can you please clarify why Bunq chooses by default to invest in everything? That is clearly not Bank of the Free!

@Elise#67969 With such a generic and evasive political-style response, which is not addressing any of the raised issued at all, you’re probably not going to satisfy anyone nor does it take any of their concerns away. :P

This seems to be a very serious problem for a lot of people, so it deserves a real answer instead of a generic pre-defined reply in my opinion... :) It would be nice if bunq or ali can actually reply to the mentioned issues and address the major concerns? That’d be nice. :D
Thanks in advance! :)

@Lime-Llama#67979 That is not the case 🙂. We see that this is important to you and a lot of other bunqers and will be sure to take this suggestion into account.

We'll update you directly in this topic if there's any updated news 👍.

Mods in the support chat have told me to give the interest money away to charity, but that's defeating my point. My point is that I, and many other Bunq - bank of the free users want to have a free choice on whether we can receive interest money or not.

I dont agree the update of massinterest at all. Bunq should be kept as it ptomotes itself, Bank of the Free. I want to have full control of my money and not have it being used as a load to anyone at all.

What a huge mistake of Bunq. If values doesnt matter anymore it doesnt make any sense to stay with u guys. Abrogated my business and personal account. Freedom of choice means freedom of choice. Let us invest in your bank (shared ownership) (Naamloze venootschap for users) rather than making filthy(haram) money.

This way you’re going against your own values. Please consider to give us a choice in receiving interest.

For people who do not want to receive an interest rate - I suggest that you donate the money every year to a charity organization

This is exactly why I am not considering to upgrade to Premium, because receiving interest was something many should have expected.

Many users like bunq and some want to have interest, as other banks also offer it for their savingsaccount.

I dont care about the interest to be honest as the profit of it will always go directly to charity. But the fact that the bank automatic give you interest (even you dont want the bank to invest your in stuff) is a weird thing. Because bunq said since the beginning we are the bank of free and do nothing with your money.

If every Premium user get interest this mean that the bank use your money for more things then only store it at the ECB and an small amount in Government Bonds(which is required by law)

The problem is for many Muslims and I respect this at all, is that bunq was the first bank offering ethical banking which could he considered as “halal banking”.

Now giving everyone interest could start an domino effect which result in many consumers leaving the bank.

To downgrade to Free is an option, but some want or need to have an Maestro card for daily expenses.

Bunq should consider to make it possible to order an card for 1-4euros a month so this group is able to stay at bunq without problems

@Dennis#68144 That defeats our point. We want the right to choose on whether we receive interest on our money or not. Adding a feature where Bunq users could opt out receiving interest would be a better solution.

That would look more like the bank of the free; giving its users a free choice.

@YTL#68151 nope not gonna happen, the price discussion has been held many times, bunq will not change that. i suspect bunq will include a toggle "no interest" under freedom of choose within a few days as an update to the app. just be patient. other banks are much worse!

@Dennis#68144 Yes if there was a switch where bunq pays money to charity on my behalf and also does all my tax work (not being in the Netherlands I would have to declare the interest, and also declare what I paid to charity in order to not pay taxes on the interest and not get in trouble), then yes, that would be an option for me personally.

But really the easiest way for bunq and for us who don't want to receive interest for a certain reason is to allow us to just opt out. If the monthly fee is not enough to hold my account money in their ECB account, then I'd be fine with paying more. Honestly my time that I lose doing more paperwork is worth more than anything I would ever earn by getting interest. Of course I wouldn't prefer paying more money, but if that would be what it takes to not receive interest anymore, I'd be fine with that.

When I first read the newspaper article about update 10 before the presentation I thought that we will get the option to activate and deactivate for each account (rekening) or just disable and enable for the whole bunq account. I also thought that it'll be opt-in, not opt-out. Because tbh bunq is pretty nice in many regards to other banks, but it's not the only modern bank out there (maybe in the Netherlands, I don't know about that, but I think at least in Germany we have also other great choices). My main reason for paying my monthly premium fee was that the money is just simply stored with the ECB. I'm not anti-investment, but when I want to invest money, I would like to do so myself on my own terms. I want my bank to store my money, period. If that's completely unfeasible because of regulations or the economy, I'm prepared to make some compromises. But at least you should have the option of not getting interest. With pretty much every other bank you have the choice, but with the "bank of the free", no choice. Great.

So for me: donating is not an option. Just makes it even worse.