I have been a customer for several years and have a free checking account there, among other things, so far I am very satisfied with this bank and because it is time again today for a field report, so I take advantage of the opportunity to share my experiences.
Online banking at the checking account
Online banking works for me so far without problems. The user interface is kept very clear, so you get a quick overview of his account immediately. I also find it very good that you can expand your account, so you get a large selection of investments or if you need financing, it is enough for a simple mouse click and the necessary information is available.
What fees are charged to the checking account?
It is a free checking account . So there are no account maintenance fees, who generally settles his banking business only via online banking, which can really save a lot of money, the savings here sometimes at about 48 to 144 euros per year. Furthermore, the withdrawal and deposit of cash is free , as well as the girocard and the visa card. If you want, you can open a free depot right at the opening. The interest on overdraft of the current account is currently 13.65% (as of September 2014).
Since a direct bank, it does not have its own branches. How do I get cash? The bank belongs to the Cash Group, which is a network of several banks that allow their customers at 9000 ATMs in Germany to withdraw cash for free . These banks are owned by Cash Croup: Comdirect, Commerzbank, Deutsche Bank, DAB Bank, Deutsche Postbank, norisbank, UniCredit Bank and Bankhaus Neelmeyer. Those who also opt for the free visa card can also withdraw cash for free at the vending machines with the Visa symbol. A very interesting article: The ATMs of Cash Group I personally had no problem raising cash . If you also want to deposit cash into your checking account, you can do so at Commerzbank. There are ATMs here and there, and the service at the bank counter is also free of charge.
Opening of the checking account
Very good, I think that no minimum deposit is required, so can the account with 1 € open. The opening of the current account is very easy and fast, all you have to do is complete the registration form and send it by post. You can fill in the application for the current account on the Internet or you can have the documentation sent to you. The free checking account includes other extras such as the free Visa card, Dispo credit and a free deposit and a savings account. Here you can decide for yourself if you need the extra or not. As I myself am often traveling abroad and want to withdraw cash for free, so I decided then for the Visa card. After about a week you get the necessary account information sent, a few days later follow the cash cards. Please do not be surprised if the mailbox is a bit full – as the documents (cards, PIN, etc.) are sent separately.
50 euros if you like us, 100 euros if not
As a small thank you for the opening of the current account you get 50 euros as a new customer and from my own experience, I know that you also get this 50 euros. All you have to do in the first 3 months five transfers from 25 euros, then you get in the fourth month the 50 euros for free. Why this condition? In my opinion, it should be prevented that the current account opened only because of the 50 euros and then terminated. Who does not like the account , who gets in the termination in addition to another 50 euros, so it is 100 euros total. However, this only applies if you have used the account 12 to 15 months, so has taken enough time to think.
I have had a checking account for several years and have been very satisfied with it so far. Anyone who can do without the conveniences of the large branch banks and already does his banking business only via online banking, for such a checking account can be a very good alternative.