@TwitNour#41554 Hey Nour! 👋

On the original question, it’s currently not possible to convert an existing account into a savings goal.

I know that makes setting them up a bit of work for anyone who was already using multiple accounts like this, so I’ll explain the reasoning.

We built Savings Goals with the future in mind, and we knew that everyone would have a lot of great ideas about how we can improve them. 💡

So we built it as a clean slate, to make it as flexible as possible. That makes it much more possible to turn the great suggestions into reality. 🌈

Cheers,
Tom

I already use 25 IBAN’s, so i can’t use the feature without closing an account and wait a month? 😏

@TwitNour#41554 Hi Nour! Always good to hear form you.

High Five 👐🏼 for the ability to use any of your current accounts to act as a Savings Account! And even better if I could share such account so I can save up for something together with friends of family!

Have a great evening 🌈 👍

@CJ#41975 Hi CJ! No need to wait a month 🙂 You can simply choose an account you don't need anymore, close it and reach out to our amazing Support!
They will ensure that the closure is sped up, so you can start saving towards your goal! 💰

@Victor-Indigo-Owl#42034 👍🏼

@Tom#41959 Hi Tom, what happens with IBAN numbers when I delete accounts (to create saving goals or vise versa) and someone sends me money to that old IBAN (which I used in the past to transfer money to others) ?

@Mervyn-Grey-Tiger#61040 If the old IBAN is no longer available the money will be sent back to the sender.

So what's going on with this idea? Is it already on the 'planned feature' list?

I would love to have this feature, especially since there doesn’t seem much more to it than slapping a goal onto an account. This way I wouldn’t need to waste an IBAN just for an account conversion.

This really needs to be built, it doesn't make sense not to! Even if there is a huge difference in the way these account types work, there should be a simple process converting one to the other while keeping the same IBAN, keeping the same scheduled payments, and so on.

I have two 'buffer' accounts that I use for distributing income across accounts, so that 'there is always money in the bank for important payments'. One is a normal account, the other a savings account. Both work exactly the same, but I prefer the % in my dashboard so I'd like them both to be a savings account. This just shows me the status of my buffer, as 100% means I'm good to go for a month. (But I might change my preference later...) I don't want to change the IBAN everywhere everytime I switch, including in my own list of scheduled monthly distribution-payments.

@RalphXD#128002 Hi 👋🏼 Ralph,

It’s not that simple as it sounds, because a Saving Goal 🥅 is an official joint account. So legally it is a different type of account. That makes a conversation difficult, not technically but legal wise.

But who know, would be cool.

@JohnDo#128005 Well there‘s a joint saving goal and a regular saving goal. Of course with any type of account you can‘t change the ownership structure afterwards, that‘s ok. But switching between the saving and regular type of the same account type (regular vs. joint) would be nice.

Hope I was able to explain what I mean with that 😅

@Jakob#128006 Hi 👋🏼 Jakob, you have a fair point! So High Five 👐🏼 on that.

@TwitNour#41554 Any updates?