Many banks already charge controversial custody fees on small deposits.
FifthBanks are increasingly asking their private customers to pay when their savings in current and overdrafted money accounts are very generous. According to the comparison portal
Firefox At the end of the third quarter of 2021, 392 banks and savings banks used the controversial practice of charging a custody fee. Consumer Portal
Biallo.de The number of institutes has even reached 490. While even larger deposits of 100,000 euros or more have been affected so far, the terms of so-called negative interest on private assets seem to be getting tighter.
Checking Account Comparison: Free or Fee – Overview
Monthly account fee?
Free gyrocard?
girocard free partner?
Girocard cash withdrawal fee
Effective annual interest rate for permitted overdraft (overdraft facility)
Free credit card?
Cash withdrawal fees via credit card in the machine
Free partner credit card?
cashback program
banking app
Google Pay and Apple Pay
Number of branches in d
Not from 700 € of money received per month, otherwise 3.90 € / month
And
No
in Germany a maximum of 6 withdrawals / month for free, then 2 euros; Outside Germany 1% of sales (at least €6)
7.17%
In the first year, then only with a sales number of at least 4000 euros / year, otherwise 29.90 euros / year
in Germany 2% (at least €2.11); Free at EU level; Outside the EU 1.75%
No
No
And
Noor Google Pay
none (bank direct)
Not from 700 euros of money received per month or as an active customer or under 28 years old, otherwise 4.90 euros
And
No
Free in Germany and the Eurozone, otherwise 1.75%
6.5%
No (1.90€/month), Free Visa Debit Card
4.90 € for a Visa debit card: 3 withdrawals / month free worldwide, from the 4th transaction: 4.90 €
No
Yes (Saving Bonus)
And
And
none (bank direct)
From July 1st: Not from 700€ of money received per month, otherwise 4.90€/month
And
No (10€/year)
Free in Germany, otherwise 1%
9.75%
No (39.90€/year)
In Germany 1.95%, otherwise 1.95% + 1.75% + 0.59%
No (29.90€/year)
No
And
And
which – which. 800
No
And
And
Free as an active customer (AK), otherwise outside the Eurozone 2.2%
6.65% as AK, otherwise 7.25%
And
Free as an active customer, otherwise outside the Eurozone 2.2%
And
And
And
And
none (bank direct)
Not from 700 euros of money received per month, otherwise 4.90 euros / month
And
And
From 50 euros free in Germany at 1200 ING machines, otherwise operator fee, outside Germany 5 euros
6.99%
And
From 50 € Free in Germany and in the Eurozone, otherwise 1.99%
And
And
And
And
none (bank direct)
No, but a 0.5% custody fee for deposits over €50,000
And
No
3 withdrawals per month for free in Germany and the eurozone, then 2 euros; Outside the euro area overall 1.7%
8,90%
No credit card available
–
–
No, but partner offers
And
And
none (bank direct)
Not for incoming payments over 500€/month or under 21 years old, otherwise 3.90€
For 12 months (then €24 per year)
And
Free worldwide from Dt-Bank and Cashgroup partners plus 12 free withdrawals from others, then at least €6
10.85%
And
in Germany 2.5% (at least €6); Other than that for free in the Eurozone; Outside the Eurozone 1.75%
And
No
And
nur Apple Pay
none (bank direct)
1.90 € / month
And
No
Free in Germany with Postbank / CashGroup Machines
10,33%
29.90 € / year
in Germany 2.5% (at least 5 euros); Other than that for free in the Eurozone; Outside the Eurozone 1.85%
No
And
And
No
which – which. 4300
Not from 600 euros of money received per month, otherwise 3.95 euros / month
And
No
Free in Germany at 3200 machines; Otherwise 1%, (at least €5.95), outside Europe plus 2%
7.28%
and (Visa Online Classic)
with credit in Targobank machines free of charge in Germany and the eurozone, otherwise 3.5% (at least €5.95); Outside the Eurozone 1.85% + 2%
Yes (with Visa Online Classic)
No
And
No
337
0.5 percent and more negative interest
Most of the financial institutions rely on the custody fee of 0.5 per cent deposit interest that they have to pay for the funds outstanding at the European Central Bank (ECB). According to Verivox’s assessment, 13 credit institutions require up to 0.55 to 1 percent negative interest from their private customers. In addition, at least 135 financial institutions impose penal interest on a total balance of 50,000 euros or less. In some banks, the custody fee is due from a credit balance of €5,000. The end of the negative interest rate trend does not appear to be in sight.
Negativzinsen unzulssig?
As a rule, new customers are affected by negative interest rates. With existing clients, financial institutions must first enter into individual agreements in order to realize the custody fee. Regardless of whether you are a new or existing customer: The Federation of German Consumer Organizations (VZBV) considers negative interest rates on current and overnight money accounts to be fundamentally unacceptable.
In our COMPUTER BILD checking accounts comparison for 2021, you’ll find a detailed overview of nine major current account providers including a comparison of fees and interest rates.
