Change account types (i.e. Saving Goals)

TwitNour

Tom Could you have a look at the original post, which contains a really different question :)

Tom

Nour 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

TwitNour

Tom Thanks for the clarification, Tom!

Mervyn-Grey-Tiger

Tom 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) ?

JeroenE

Casper Het wrodt met enige regelmaat gevraagd, zie bijvoorbeeld https://together.bunq.com/d/5248-change-an-existing-account-to-a-savings-account of https://together.bunq.com/d/5824-toggle-account-type-between-default-and-savings of https://together.bunq.com/d/5326-change-exisiting-account-into-saving-goal

Volgens bunq is dat dus onmogelijk en gaat het er nooit komen, zie Tom in het laatste topic wat ik hierboven heb genoemd.

PS als je op de antwoordknop klikt krijgt de ander een notificatie in de app en krijg je potentieel eerder antwoord

CJ

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

Victor-Indigo-Owl

CJ 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! 💰

JohnDo

Nour 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

Victor 👍🏼

Heiko-Hartwig

Mervyn If the old IBAN is no longer available the money will be sent back to the sender.

Mervyn-Grey-Tiger

Would the IBAN be automatically be re-usedand appointed to somebody else ?
Is there a scarcity like with IP(4) addresses ?

TwitNour

Mervyn Maybe one day it will be re-used, but I don't see that happening now actually.

MitchellvB995

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

Ancro

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.

RalphXD

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.

JohnDo

Ralph 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.

Jakob-Y

John Do 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 😅

RalphXD

John Do because a Saving Goal 🥅 is an official joint account

This is a nonsense argument if you ask me. Whether I have a personal account or a personal saving goal, it is still legally my account. You mean that you can share an account with a group, and the fact that bunq creates a savings goal from that account rather than from a personal account is a technical choice they made wrong if you ask me. Both personal and group accounts should be able to render a savings goal, since the savings goal is only different to the account in the sense that it displays different in the UI.

JohnDo

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

MitchellvB995

Nour Any updates?

TwitNour

Mitchell 🤯 I guess not...! And since the Saving Goals feature hasn't been touched for a long time I wonder if it will ever come... But who knows in the feature, or in the coming update #13...?