Frequently asked questions.

Deposits usually take 3-4 business days until your money is actually invested. Since these are conveniently collected by direct debit from your bank account, this also depends on your bank.

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• When creating your financial strategy, you can create separate monthly savings plans for each pot (nest egg, sabbatical, retirement, etc.).
• Savings plans are debited from your account on the 3rd working day of the month - depending on the bank, you may not see them in your banking app until a few days later (usually debited between the 5th and 10th of the month).
• You can change savings plans at any time before the next debit or set them to 0 €.
• You can always create new pots for further financial goals in Forget with your own savings plans.

You can pay into a pot and invest from as little as €1.
Savings plans are also possible from as little as €1 per month.

You can withdraw the money from your pots on a daily basis. Once you make a withdrawal, it usually takes 3-4 business days for the money to be transferred back to your account. 

First of all, you don't have to worry about anything. We'll take care of that for you! We'll make sure that you can make the most of the saver's allowance from the government.

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How this works:

• We check the income situation in your securities account every year. As soon as we know your situation, we realize - through the sale and directly subsequent purchase of the fund shares in the corresponding amount - annual profits in the amount of your tax allowance.

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Still difficult to understand? Here is an example:

• You invest your money for 10 years. After 10 years you have made a profit of 15,000 Euro. Normally your profit is now taxed at 25%, except for the tax-free amount of currently about 1,000 Euro. So 14,000 Euro of your profit will be taxed and 1,000 Euro will not be taxed. With Forget Finance you can use the allowance every year, so 10 x 1,000 Euro. In the ideal case, only 5,000 euros of your profit will be taxed and 10,000 euros (= 10 x 1,000 euros allowance) will remain tax free. That is in the best case 2,500 euros less tax.

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*Simplified example: the tax-free amount is currently 1000€ (from 2023). In addition to the 25% tax rate for capital gains, there is a 5.5% solidarity surcharge (calculated on the 25% capital gains tax) and, if applicable, church tax - the tax savings can therefore be even higher.

You can withdraw your invested money flexibly on a daily basis - 2 taps are enough: we sell your investments and transfer the money to you within 3-4 working days.

In this respect, it can be advantageous if you (especially with a shorter investment horizon) are somewhat flexible with the timing of the payout, so that you do not realize losses. Think long term and stick with it.

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No, there is no minimum term and no cancellation period. You can simply withdraw the invested money at any time via the Forget Finance app.
You want to close your account with our partner bank? Then write to us and we will terminate your account free of charge.

In summary: If you have invested e.g. €1.000 with us, the funds of our partners will cost you €5,90 per year, including all transactions and optimization features. The coaching will only cost you if you use it.

• The use of the Forget App is free and without obligation.
• If you open a custody account and asset management contract with our partners DAB and EVERGREEN via the app, there are no ongoing costs.
• Deposits and withdrawals are free of charge.
• Your money is invested in funds whose risk is actively managed. Within the funds there are 0.59% fund costs per year - these ongoing costs are automatically deducted as with all funds and ETFs and correspond to the TER (total expense ratio). In addition, there are no front-end loads, no transaction costs and no service fees. As our funds are traded over-the-counter, there are no hidden bid-offer spreads, unlike ETFs.

Here is a small calculation example as a summary: If you have invested 1,000 € with us, the funds of our partners will cost you 5.90 € per year, including all transactions and optimization features. 

Additionally, with Forget Finance there is

• no service fee
• no performance fee
• no front-end load
• no transaction fee
• no hidden bid-offer spreads, because unlike ETFs, our funds are traded over-the-counter

All info about the costs and free features.

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Deposits and withdrawals are free of charge at Forget Finance. There are no fees for you when buying or selling the investment funds.

All info about costs and free features.

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No, you simply open a securities account through us. This will not result in a SCHUFA entry and won't affect your credit score.

Here we have to distinguish two cases

1. You have registered with Forget Finance, but have not yet opened a securities account:
   Just click on your profile in the Forget Finance app and scroll all the way down. There you will find a button to delete your account. If you have any problems, please send us an email to hello@forget.finance.
2. You have registered with Forget Finance and opened a securities account:
   Write us an informal mail to hello@forget.finance. We will then delete your account and have all remaining investments paid out to your reference account at the current rate.

• No matter if Forget Finance or our partners Evergreen and DAB Bank would go bankrupt - your investments are so-called separate property and therefore protected against insolvency without any limits. In a worst case scenario, you could transfer your investments to another custody account.
• Money on the clearing account of DAB is deposit-protected up to €100.000 (the money is only there for one day until it is invested or paid out to you).
• Money from Forget Finance can only be paid out to your chosen reference account (your existing bank account from which your savings plans are debited by direct debit). While all transactions are protected by passcode or FaceID anyway, money cannot be paid out to a third person even if someone would get access to your smartphone and your Forget Finance account.

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