Yesterday was free. Although the tedious penalty interest is slowly being phased out, banks are still paying fees for their checking accounts. So now German credit banks too. Their previously unconditionally free account now has terms – for new customers.
In August, “Finanztest” was able to identify only 12 current accounts in an evaluation of 165 banks and 432 models of savings banks, which are free to online customers without any conditions. Now that’s one less.
Because Deutsche CreditBank (DKB), one of the largest direct banks with a good five million customers across Germany, is now charging less for its new customers. From January 1, 2023, anyone opening an account online will have to pay a monthly account management fee of EUR 4.50. at least then If at least 700 Euro money does not come into the account every month. who then loses his unconditional.
There is also a fee for zero card
New customers up to the age of 28 are not required to show a monthly receipt to be able to continue using the free account. The same applies to existing customers as well. However, in the future they will have to pay EUR 0.99 per month for the Girocard. Anyone who has been a DKB subscriber only since November 2021, will have to pay the fee since then. However, customers can also do without the card as an additional service and instead use the bank’s Visa debit card to withdraw money, which is still free. However, paying or withdrawing with a debit card only works as long as there is a balance in the account.
Other direct banks such as ING, Consorsbank, Norisbank or Comdirect had already taken this step several months ago. Like the DKB, he did not provide any information about the appropriateness of the measure. However, from various conversations, consumer portal Biallo claims to know that cheap direct banks are annoyed with customers who stay with their previous bank and only have free cash supply in the euro area or even around the world. open an additional account – as in the case of DKB – to use. Because direct banks bear the cost of cash withdrawal for their customers.
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