Hey bunqers 🌈,

With a Joint Savings Account, you can easily save together with your friends, family or partners and receive a high MassInterest rate.

How do I create a Joint Savings Account?

1. Go to the 💰Savings tab

2. Tap on Add an Extra Bank Account

3. Tap on Joint Savings Account

4. Select Partner(s)

5. Personalize your account

6. Tap on Create ✅

Who can create a Joint Savings Account?

This feature is available for bunq Core, Pro, and Elite users!

bunq Free users can join an unlimited number of Joint Savings Accounts but can't create them. These Joint Savings Accounts don't count toward the 3 Bank Account limit of the bunq Free plan.

How does interest work with my Joint Savings Account?

The interest for your Joint Savings Account is calculated by dividing the balance of the account by the number of owners, since it’s legally equally divided between all owners. The interest earned will be paid out in the individual billing sub-accounts of both owners. Further information about the calculation and payout can be found in How is my MassInterest calculated and paid out?

For example: If you and a friend have a Joint Savings Account with €10,000, you’ll each receive interest for €5,000 each (the total balance of your Joint Savings Account divided by two).

Keep in mind that for your individual Personal Account you can receive MassInterest up to €100,000. This limit covers your Personal Savings Account/s as well as your Joint Savings Account/s.

How can I enable Auto Round Up on my Joint Savings Account?

If you’re a bunq Pro or bunq Elite user, you can round up your purchases to the nearest €1 and automatically send the spare change to your Joint Savings Account. Here’s how:

1. Go to the 💰Savings tab

2. Tap on your Joint Savings Account

3. Go to ⚙️ Settings

4. Tap on Auto Round Up

5. Select the Bank Account(s) to Auto Round Up from

How do I close a Joint Savings Account?

In order to close your Joint Savings Account follow these easy steps:

1. Go to the 💰Savings tab

2. Tap on the Joint Savings Account you want to close

3. Withdraw all remaining balance

4. Once done ➡️ Tap on ⚙️ (Settings)

5. Tap on Close Bank Account

6. Done ✅

Keep in mind that before closing your Joint Savings Account, you should withdraw all remaining balance. Since automatic fund division isn't currently available - you should divide the balance between you and the rest of the owners once you've withdrawn the remaining balance.

Can I create a Joint Savings Account with a user who doesn't have a bunq account yet?

Want to create a Joint Savings Account with a user who doesn't have a bunq account yet? Simply invite them when you create the Joint Savings Account by choosing their contact (phone number or email) in the contact list as a partner.

You'll send an automatic invite to your friend so that they can join bunq, sign up and start saving with you right away.

Good to know

• Regardless of their individual plans, all bunq users can enjoy the convenience of sharing a Joint Savings account since the feature is available for all plans.

• Withdrawals from any Joint Savings Account count towards your limit of up to 2 (or 3) savings withdrawals per calendar month. Learn more about how many free Savings Withdrawals you get here.

• Keep in mind that Deposit Guarantee Scheme up to €100.000 is in place for each individual bunq user. The balance in your Joint Savings Account are divided equally by the number of owners and accordingly protected by the Deposit Guarantee Scheme for your Personal Account.

• You can't add new people after the Joint Savings Account was created.

• Your Joint Savings Account gets the same IBAN country as your own Savings Account. It follows the country of residence of whoever creates the account, so a co-owner's country doesn't change it. You get a Dutch (NL) IBAN if bunq doesn't have a local IBAN for that country yet, or if the residence isn't verified yet. For an IBAN from a country neither of you lives in, open an International Bank Account and grant Shared Access to the other person.

• A Joint Savings Account is owned by all the users who accepted the invite, just like with a Joint Account.

• If not everyone has accepted their invite yet, you can easily check who’s participation is still pending: in the app, you select the Joint Savings Account > Co-owner > See who is still ‘waiting on response’.