Hi guys,

As I understand from this post the interest on a joint savings account is shared by the account holders.

For example: if my girlfriend and I have a joint savings account, half of the interest will go to her and half of the interest will go to me through bunq Payday.

The problem I have with this is that I have a second savings account with my personal savings which also generates interest. The interest from my person savings account and my joint savings account, together with cashback, is paid out to me in total via bunq Payday. However, I would like for the interest earned on my joint savings account to go to my joint savings account and that of my personal savings account to my personal savings account.

Is there a way to configure this? And if not, is this on the roadmap and can we expect this anytime soon?

Thanks,

Job

Hi bunq,

I just saw you guys uploaded your webinar on how to automate payments with the bunq API to YouTube and I love the idea! I just have one remark: can you please upload future videos in 1080p? Especially with code on the screen it's sometimes impossible to see what's happening.

This is a great initiative and I'd love to see more webinars/how-to video's of how to use to bunq API to build cool stuff. Some ideas:
- How-to videos of the cool things you can do with existing Zapier zaps (and please make this available for regular clients!).
- How-to make custom zaps.
- Connecting to the bunq API from multiple platforms (not just PHP).

Cheers,
Job

Sinds een jaar gebruik ik alleen nog maar bunq en dat bevalt goed. Ik heb wel 3x niet kunnen betalen met mijn travel card (1x POS en 2x autoverhuur), dat is iets wat me wel echt tegenvalt aangezien ik toch vrij veel betaal voor mijn bunq account.

Great idea! +1

@Jakob#120418 Yes, indeed.

I really enjoyed yesterday's update but have a couple of remarks (bugs?) that I'd like to share:
1. I've experienced some slight issues when setting up Apple Pay. When I clicked either "Add" or the "+" in Apple Wallet I went into the bunq app, which then brought me to the "request new card" screen rather than the "select card" screen. I eventually managed to work around this by closing the app and closing Apple Wallet and then trying again.
2. I'm really keen about the expense categorisation so I started using it straightaway but I have noticed that the reclassification of payments does not have direct feedback for every payment. More specifically: my rent is currently marked as "General" but I have tried (multiple times) to classify it as "Household expense", but the app doesn't seem to process the request as it stays in the "General" category. For other payments (Lowlands festival tokens), which were classified as "Travel", I did manage to change the classification and they did move to my category of preference ("Entertainment"). However, I did have to reclassify all the payments separately.

I wonder if you're aware of this and if other people have experienced similar issues?

Cheers,
Job

As someone that invests a certain amount of money every month, I'd be very keen to have this feature. I'd use to to automatically wire my investing money straight to DEGIRO. 👍🏼

Great work! Microcredit, e.g. Oikocredit, Kiva or Lendahand would be a nice addition.

With regards to the opt-in/out discussion I think it's best to make it opt-out for new users, so by default they benefit from the interest. However, it would have been nice to ask current users to opt-in, since some might have joined because bunq doesn't invest.

I agree with @David#67692 that it would be nice to be able to see what it is exactly that bunq is investing in.

@JohnDo#39833 Ah that wasn't clear to me... I thought you were looking for suggestions as to "what users can do with their money", not limited to "just" storing it in a different place than the ECB. I think the way you guys are approaching this is still a great idea although I do think that a big opportunity lies in the possibility to invest from your bunq app.

The only downside of bunq, to me, is the fact that I need another financial services provider if I want my savings to work for me rather than "sit still". Either way, I think all bunq users agree it should be an ethical/sustainable investment portfolio that makes the world a better place.

@Davy-Yellow-Bear#39824 I would prefer it if investment would be kept to a minimum. Because for trading or investments you need additional employees that also like would to receive a monthly wage. Costs will increase vary rapidly..

Not if bunq just facilitates its users investing through third parties. Also, offering the possibility of investing through bunq is likely to make the service more attractive to a larger audience. Hence a rise in paying customers is likely as well, which would even out any increase in costs on bunq's side (if there is any).

@Davy-Yellow-Bear#39824 And who bears the risks of these investment/trading operations? Everyone, or only the ones that would like their money see invested? Who get the proceeds? Are they put on a separate account, so they can be used to lower the subscription rates annually?

The risk should be with those that choose to risk their money by investing it, then automatically (1) the proceeds should go to the people taking the risk and (2) there is no risk for bunq.

@Lourens-Azure-Tiger#39801 It's a fair point. I think the risk for bunq depends on the way that this functionality is implemented and I think you are right about that the user should be liable for his own investment choices, not bunq.

A (for bunq) risk-free option might be:
- All funds are, by default, invested with the ECB.
- If the user wants to, he can (at his own risk) choose to invest in investments from a curated list of (ethical) investments through third parties (like perhaps Triodos, ASN, DEGIRO).

I think the challenge lies in (1) how bunq determines whether or not a certain investment is ethical/green/sustainable and (2) forging alliances and integrating services with reliable third parties.

With regards to principles: would providing users with the possibility to invest through third parties make bunq an investment bank?

@Lourens-Azure-Tiger#39765 What you're saying doesn't really hold up when you take into account the fact that the user (you) will be in control of choosing whether or not to invest. You can just keep your funds with the ECB and keep using bunq as you are now.

I think adding investment options for those who want to will make bunq more attractive to a larger crowd. That doesn't mean that bunq has to become an investment bank, they could just facilitate the possibility of storing (a part of) your funds with existing investment initiatives, selecting only those that meet certain ethical requirements.

I think this is a great initiative, I love using bunq but currently, if I want to do any sort of investing, I need another financial service provider to do so. This means that bunq basically isn't very suitable for storing your savings, unless you don't mind not getting any interest on your money.

Wouldn't it be great if we could easily put (parts of) our savings into ethical/sustainable investments from the app, perhaps even with the option to put in or withdraw funds periodically? It's probably best to do so by partnering with other financial services providers that already offer such services. This way bunq can keep focussing on what it does best: building awesome software.

This does raise some questions, like who decides which investments are ethical/sustainable? Bunq? And who carries the risk (and reward) of the investment? It seems logical to me that he who decides to invest his money also takes on the risks and rewards.

A great first step I think would be to partner up with a service like BUX or DEGIRO and give bunq users the possibility to put (a part of) their funds into a small selection of ethical/sustainable investments. Don't forget to properly warn users of the risks and of the transaction costs of investing.

I wonder what other possibilities people come up with. Keep up the good work!