@Meester-Kevin#67550 You don’t pay for the interest, others outside bunq do. You provide a “service” (lending your capital) and the other party rewards you for that service. I have no problem with that, although I understand that others do.

I think bunq simply has overseen this aspect due to religion and tbh I think they will change this in the future by allowing you to opt out. Meanwhile I wonder if giving away the received interest would not be a pragmatic solution if you (the persons who don’t want to be paid) don’t want to keep it yourself. This is a good act of kindness to the poor, which I believe is important in all religions.

To elaborate: I’m not assuming bunq is goong to ask more for premium. I meant we are already paying more compared to other banks and I am fine with that as I am fully aware that they lack the income from shady banking investments.

@Kay#67560 Or perhaps it is offset against the monthly charge? So that way we never actually get it?

A good example of not understanding your userbase. A lot of people choose Bunq because they pertain not to invest our money (which satisfies the higher monthly price). A lot of ethical and religious customers will leave including me.

TL;DR: offer non interest options or we will unite and leave.

@Kay#67560 We don’t need to set something up: in Europe there are lots and lots of well known charity funds. All it takes are a few taps in your bunq app to send the interest to your favorite charity fund.

@Arjan#67565 If that’s the case, I would expect no interest if I only select ECB/Bonds.

And than there’s the case that they claim we receive 9 times the interest compared to other banks... so a set amount for everyone... regardless of how these chosen investments will turn out?

According to the new terms, you would only receive interest payments if you’re using Premium. So one way to avoid this is to downgrade to Free. You would lose the use of your cards, but it would at least help those who really don’t want to receive any interest.

Like many others, I choose Bunq assuming (apparently mistakenly) that no interest was given. If this assumption proves false I will probably just go back to a “betaalrekening” for my savings at ING which gives exactly 0% interest. Would be a pity though, I like the ease with which I can manage my accounts and so on. Curious how this will develop!

I only see benefits for providing an option not te receive interest. People that don't want interest can remain happy at bunq and people that like interest can receive higher rates 🎊🌈

@Meester-Kevin#67598 It would be nice if bunq could add a “thanks but no interest please” switch.

For myself: I’ve switched off all options besides the government bonds and ecb (mandatory by law) because I like that option best. I don’t understand why all options are toggled in by default, even with the new freedom of choice: please make such options opt-in, not opt-out.

Interest: I don’t care that much since the amount is pretty low. I would have been fine with no interest but I also understand that adding interest draws a new audience. But declining to it is also freedom of choice so I hope bunq will add this to this already great new feature (and all others, I like the 5 free online credit cards!)...

@Meester-Kevin#67506 “I also object to the subjected interest for everyone if that’s true” Your views are a bit too extreme for me

@Sander#67564 Glad to have a moderator on our side! I'm sure a simple toggle for interest would be greatly appreciated by everyone!

@Dennis-Golden-Akita-1537838190#67633 Or instead of interest for everyone, decrease monthly premium/business/pack fee. I think more people will be more happy than how bunq implemented it now.

@Hunter#67643 You are still receiving interest but indirectly, will not solve anything

@Mehran-Grey-Lion#67658 But it would be solved if it’s profit sharing instead of interests, right?