Home Interest rates Small credit balances are increasingly affected

Small credit balances are increasingly affected

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Many banks already charge controversial custody fees on small deposits.

FifthBanks are increasingly asking their individual customers to pay when their savings in current and overdraft accounts are very generous. According to the comparison portal Firefox At the end of the third quarter of 2021, 392 banks and savings banks resorted to the controversial practice of collecting 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 so-called negative interest conditions on private assets seem to be on the rise. tighten.

Checking Accounts Comparison: Free vs. Paid – Overview

Monthly account fees?

Free Gyrocard?

free girocard partner?

Girocard cash withdrawal fees

Effective annual interest rate for the authorized overdraft (overdraft facility)

Free credit card?

Fee for withdrawing cash by credit card from the machine

Free partner credit card?

cash back program

banking application

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 free withdrawals / month, then 2 euros; Excluding Germany 1% of sales (at least € 6)

7.17%

The first year, then only with a turnover 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

No Google Pay

none (direct bank)

Not from 700 euros of money received per month or as an active customer or under 28, otherwise 4.90 euros

And

No

Free in Germany and in the euro zone, otherwise 1.75%

6.5%

No (€ 1.90 / month), Free Visa debit card

€ 4.90 for a Visa debit card: 3 free withdrawals / month worldwide, from the 4th transaction: € 4.90

No

Yes (Savings bonus)

And

And

none (direct bank)

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

who who. 800

No

And

And

Free as an active customer (AK), otherwise outside the euro zone 2.2%

6.65% like AK, otherwise 7.25%

And

Free as an active customer, otherwise outside the euro zone 2.2%

And

And

And

And

none (direct bank)

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 ATMs, otherwise operator fees, outside Germany 5 euros

6.99%

And

From 50 € Free in Germany and the Euro zone, otherwise 1.99%

And

And

And

And

none (direct bank)

No, but a custody fee of 0.5% for deposits over € 50,000

And

No

3 free withdrawals per month in Germany and the euro zone, then 2 euros; Outside the euro zone overall 1.7%

8.90%

No credit card available

No, but partner offers

And

And

none (direct bank)

Not for collections over € 500 / month or under 21, otherwise € 3.90

For 12 months (then 24 € per year)

And

Free worldwide with 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 euro zone 1.75%

And

No

And

Apple Pay

none (direct bank)

€ 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 euro zone 1.85%

No

And

And

No

who who. 4300

Not from 600 euros of money received per month, otherwise 3.95 euros / month

And

No

Free in Germany on 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 euro zone, otherwise 3.5% (at least € 5.95); Outside the euro zone 1.85% + 2%

Yes (with Visa Online Classic)

No

And

No

337

0.5 percent and more negative interest

Most financial institutions rely on custody fees of 0.5 percent interest on deposits they have to pay for funds in circulation at the European Central Bank (ECB). According to Verivox’s assessment, 13 credit institutions charge up to 0.55 to 1% negative interest from their private customers. In addition, at least 135 financial institutions charge penal interest on a total balance less than or equal to 50,000 euros. In some banks, custody fees are 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?

Typically, new customers are affected by negative interest rates. With existing customers, financial institutions must first enter into individual agreements in order to realize the custody costs. Whether you are a new or existing customer: The Federation of German Consumer Organizations (VZBV) considers negative interest rates on current and overnight accounts to be fundamentally unacceptable.

In our COMPUTER BILD current account comparison for 2021, you’ll find a detailed look at nine major current account providers, including a comparison of fees and interest rates.


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