When all banks are lowering the limit for negative interest, we see many new customers, who want to park larger amounts of money in Lunar.
That makes us a bit sad, because Lunar is built to be used by- and to give - regular people more from their money.
Thus, in 2020, we had to create a limit for negative interest on 250.000 kr., and we continue to do so. As all other banks, we ourselves pay a negative interest to Nationalbanken, to have our customers’ money with us.
Now, we've raised the limit to 10 mil. DKK.
Get positive interest without leaving your old bank
We don’t require you to move your NemKonto to us, to avoid the negative interest. You can use Lunar as your other bank, and deposit to us without ever leaving your old bank.
💡 It’s free to transfer - even large amounts - to Lunar from your old bank, if you use a regular bank transfer. Check with your old bank if there are any limits to how much you can transfer away. You can do it in smaller bites, or have your limit raised.
How Lunar makes their money
In Lunar, we don’t want to make money on meaningless fees. That’s why you can get a free account and card, and we won’t hide what you have to pay. However, we need to maintain a sustainable business model, so here are four main incomes for us as bank:
🏪 The stores or retailers you purchase from, pay a small fee to the card issuer every time you use your card. That’s called a transaction fee. That’s why we would like a lot of Lunar users.
💳 We have to products who are monthly subscriptions. These gather all of the best when it comes to private finances and travel benefits: Lunar Premium and Pro . When you upgrade to either, we make money.
💼 Lunar Business is built for entrepreneurs and all businesses who get a Business account pay a yearly price to have one. We also make money on that.
How do I get more out of my money with Lunar?
On top of the positive interest rate on +1% on your account, there are several ways to get the most out of your money.
✅ Set a budget that gives you an overview
✅Save up automatically without lifting a finger
✅Get notifications to keep you on track
✅ No annual account or card fees
✅ Free payments and transfers
Show me everything I get with Lunar