@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 ā€œbetaalrekeningā€ 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!

        @Zr40#67582 We would lose all the features we love using. It’s why we didn’t mind paying for bunq in the first place!

          Dont’t get me wrong... I applaud the idea to give us the choice what to do with out money.

          But in my opinion, they should have done it without interest.

          Want to do good and invest in Green?
          You can do so.

          Don’t like bunq might profit from the interest? Keep it in ECB.

          Can’t stomach the idea?
          Lot’s of banks who do it the old fashion way.

          It’s not a dealbreaker for me and I’m not thinking’s about leavings bunq, cause there are sooo much positive things done.

          But that doesn’t keep me from voicing my opinion and have an open discussion about it.

          āœŒļø

            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 šŸŽŠšŸŒˆ

              @Meester-Kevin#67598 It would be nice if bunq could add a ā€œthanks but no interest pleaseā€ 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 ā€œI also object to the subjected interest for everyone if that’s trueā€ 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!

                    @Ismail-Maroon-Penguin#67630 Very nice to see indeed :)

                      @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 Or instead of interest for everyone, decrease monthly premium/business/pack fee.

                        Yep. Good Idea.

                          @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?

                              @Mehran-Grey-Lion#67658 My interpretation would be that bunq, the company, would earn the interest/income, thus making more profit and so be able to charge less for its accounts. No direct connection between the income and the end user.
                              I think.

                                @LH-Black-Wolf#67661 I dont know, i dont have any objections. I guess not because the profit is created by lending capital

                                  I think there should be an option (because why not - simple toggle wont hurt and isnt hard to program, after all it would save bunq some money).

                                  But for now I think toggling every investment off will help that nothing shady is done with your money. In fact your money wont make any revenue, but you still will be given the same interest than anyone else. So it is more a gift than real interest. Until there is an option for toggling interest off, a solution would be to donate the money you get through interest to charitable causes - perhaps red half moon for the muslims or any other one you like. By doing that you will not gain any personal advantage from interest (which at least in bible and quran is the motivation to ban interest for believers, to not take advantage over your brother and sister) and the money bunq basically gives you for free serves some higher purpose. I think for most religiously motivated people something like that could be a temporary solution which satisfies most interpretations of the respective scriptures.
                                  Just my few thoughts on that topic.

                                    #againstinterest #freebanking

                                      @Hunter#67411 For real! This made me kinda mad actually! If it’s a choice, why enable them already? Especially if one of the big reasons for people to join BUNQ has been dislike towards investment. I’m sure there has got to be someone in that meeting with a sense of tact.