Hello altogether!
Although there has been much discussion on this topic and everything has already been said, I would like to once again bring attention to this and ask Bunq
- to offer the interest-switch before the first interest payment at the end of this month
- and at best to deactivate interest rates by default for users not from the netherlands
Why?
Because many people certainly do not know that they have to declare an interest payment in their tax return, as domestic banks automatically pay the tax. In the worst case scenario, Bunq's users will unknowingly conflict with the tax authorities because they did not declare their interests!
I think it's Bunq's job to make the user aware of this and to enable them to make an informed choice!
For me, receiving interest would mean wasting many hours this year on a tax return that I would not otherwise have to file...
I love Bunq! But that would give it a bitter taste :(