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Connect - Budget

Tim shared this question 7 months ago
Question

Hi everyone,

I have a some questions regarding the connect feature.


When I set up a budget:

- how long will this budget be valid? (When I don't use a timelimit)

- will it be renewed every day/month/etc.?

- is this budget per person, or for all the persons combined?

- is it possible to assign every person a different budget? (Wish?!)

- what happens if the budget limit is reached?


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Tim

Best Answer
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Hi there Tim! Good evening 😃

To give an answer to your questions:

You can use a time limit, and if you choose not to set-up a time limit this means that the the validation doesn't end. That means at the same time that it will not be renewed every day or month, but you can reset the budget yourself!

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The budget you are giving is assigned to the account. Everyone who makes use of this account makes use of the budget that is integrated with the account, not with each person! You can however connect different account to different persons 👌

The moment a payment is done while the limit is reached a notification will be shown that it's not possible to do so!

Enjoy the evening 🌈

Comments (8)

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42

Hi there Tim! Good evening 😃

To give an answer to your questions:

You can use a time limit, and if you choose not to set-up a time limit this means that the the validation doesn't end. That means at the same time that it will not be renewed every day or month, but you can reset the budget yourself!

93db5d5d6a0ab8ce53f9949d938ff295


ba34ce0620baef669625105daf12e7e9

cbd8cde7ebd51b2f714a1a754e80a593

The budget you are giving is assigned to the account. Everyone who makes use of this account makes use of the budget that is integrated with the account, not with each person! You can however connect different account to different persons 👌

The moment a payment is done while the limit is reached a notification will be shown that it's not possible to do so!

Enjoy the evening 🌈

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44

This is pretty cool! Always learning new stuff on bunq.

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40

Thanks for the fast answer!

Still awesome that this is possible with bunq, keep on the good work.

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18

I do have two questions too. 1. is the budget going to reset each day or each month? And is there a possibility to choose between daily or monthly?


2. will the original owner of the shared account have the set limit too? If I share my account with my wife and set a 10 Euro limit for example will I only be able to make 10 Euro payments as well or does the limit only count for my wife?

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10

Hi there,

Is this budget option only available when you set up a new (group) account?

I can’t seem to find the option to add this budget....🤔

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4

I think it may be a feature that’s been removed 😬

Can anyone at bunq confirm?

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4

We can confirm! :)

It's been removed a couple of weeks ago to save space in the app, after we found out it was hardly ever used

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2

No, such a pity!