• Ideas

  • Freedom of Choice 💪🏼 - more details about the choices.

@Esther-Orange-Unicorn#70345 Hi 👋🏼 Esther! Famous? 🤔😊. But thanks for the kind words!

    A factsheet about it on the homepage would indeed be nice
    Love transparency 👍🏻

      Talking about transparency.... I have some good news to share!

      I have asked bunq 🌈 if any of the profits from investments are also used for enhancing bunqs 🌈 financial position or financing operational costs. With other words : are investments a new way of income besides membership fees?

      And the answer is: NO... all investment profits flow back to us bunqers. That mean bunq 🌈 still has the same vision as before Update10!

      Pretty good news if you aks me! 🌈👌❤️

        I am also interest about the options. I love the green companies option. But what are the criteria for this? And what are the criteria for human rights, gender equality, animal welfare and more?

          More openness is always good. I think it may help convince users that have their doubts.

            @JohnDo#71013 I think your statement only raises more questions than answers. How are we going to get all these profits? Do we get anything else besides interest? What happens when the return is negative?

              @JohnDo#71013 The question, however, is how bunq wants to make a financial breakthrough. The costs must be covered and Ali can not compensate for persistent losses.

                @JeroenE#71024 Well, all fair questions. The goal of my question was to know if bunq 🌈 did make a change from providing a subscription model to also make money by investing my money. And fortunately that isn't the case and bunq did stick to there principles.

                I guess the interest is the only thing we get back from the investments... still curious how that works.

                  @Esther-Orange-Unicorn#71031 They key lays in getting more and more payed users. There will be a tiping point where the membership fees will be more then the operational cost.

                    @JohnDo#71036 That’s fair and I hope it will be successful 👍.

                      I think it would have been better if they took the interest rates and then used that to subsidise the Premium tier's cost, to be honest.

                      Then again, I live in a country where typically banking has been free in all of my lifetime at least. That and the 0.27% interest rate is considerably lower than anything I could find in my country (I think my lowest account pays out 0.5%), but maybe that's more a difference between the two different currencies.

                      To ask a question, is there an option only to invest in Sharia compliant companies? I'm sure this could have quite a lot of potential Muslim customers actually sign up to Bunq. It's definitely very nice that you can choose to invest in only green companies through, for a better Europe!

                        @Byron-Navy-Unicorn#71073 There is an other Topic on together for new options - ideas :-)

                          @JohnDo#71035 It entirely depends on the answer to my questions though. I mean, if they make 100 euro from my money but only give me 27 euro interest what are they going to do with the rest of the money? Are they goign to give it to someone else who made choices that are less profitable? Do I get it? Are they going to keep it themselves?

                          I don't understand at all why they are making things so complicated and can;t tell us more about how this should work.

                            10 months later

                            Hi 👋🏼 All,

                            Just the other day I had a discussion with someone about how green bunq 🌈 is when it comes to investments. Long story short.. I got stuck in a corner with that discussion because of the lack of information bunq 🌈 provides.

                            The discussion focuses on the “Green Companies” in the awesome Free of Choice feature. bunq refers to ESG index for that... but that index also includes companies in the car and airline industry for instance.

                            So in short: would be great if bunq provided more info so we can also convince the most critical (potential) users 👌✅ 🌈

                              @JohnDo#140827 It would be great if bunq here would give more information. Even more transparency would be very good for me and especially for critical (potentially new) users. Bunq can still improve here 🌈🌳. Thanks for your suggestion, which speaks from my heart.

                                In addition to this topic, I am genuinely interested in how the investments of last year have influenced bunq’s annual earnings.

                                Bunq has not made profits the past years, which is fine, but in my opinion not something that a company can infinitely survive.

                                Hence why I’m very interested in the numbers. Out of curiosity that is ;).

                                  Have you all seen this screen in the app?

                                  It’s not everything you’re asking for, but at least it excludes some of the things I really don’t want my money to be invested in 😊

                                    @Ambiebambi#140859 Hm, is er überhaupt een overheid in Europa die geen loterij organiseert? In het verleden heeft Ali gezegd dat bunq obligaties van Nordrhein Westfalen heeft gekocht. Die hebben dus wel een loterij en dus doet (of in ieder geval deed) bunq wel mee met investeren in kansspelen.

                                      @Ambiebambi#140859 I'd like an option to invest in nuclear energy, yes it's a taboo subject for some leftwing people but Nuclear energy isn't bad. And I'd might be the only way to successfully make the energy transition in the long run.

                                        @Ambiebambi#140859 Hi 👋🏼 lovely neighbour! 💚🌈

                                        This screen is a summary of this document