The number of online banking customers has been growing for years. In fact, cheap checking accounts and credit cards are particularly popular with customers. In most cases, the product portfolio of online banks is as comprehensive as that of traditional banks, although the range can vary considerably depending on the institution. If you are looking for a good German online bank, we invite you to continue reading this article dedicated to the best German online banks.
ING’s free current account comes with strings attached, but Germany’s biggest online bank scores points in other areas. Germany’s largest direct bank serves more than 9.5 million customers. In addition to its banking activities, it is making a name for itself mainly in construction financing. A positive point is the coverage of 97% of ATMs in Germany for cash withdrawals, which are additionally free of charge. You can read more about online banking.
Norisbank has long been one of the best banks in the online banking sector in Germany. It is actually a direct bank that does not operate its own branches, but has two strong partners, Deutsche Bank and Postbank. A credit card is also part of the facilities offered by this German online bank. Customers can reach this bank by telephone and e-mail. There are no own branches. Account management is completely free. Cash withdrawals are also free.
Other positives are:
Since its creation at the end of the 1990s, Comdirect has unquestionably imposed itself in the forefront of online banks. However, Comdirect is no longer an independent bank, but is once again integrated into Commerzbank as a brand. Besides the classic current account, Comdirect also offers a basic account, a current account for young people and HSV and BVB accounts for football fans.
DKB is mainly represented in eastern Germany. It is considered an online bank nationwide. The products offered are well thought out and therefore justify a recommendation. An essential aspect is that customer deposits are not invested in negative activities such as the production of tobacco or weapons, but are used to finance sustainable projects.
The 1822direkt online bank was founded in 1996. It combines the tradition and security of a savings bank with the speed, convenience and favorable conditions of an online bank. 1822direkt offers the full range of banking services, from current accounts, demand and term deposits, to cheap personal loans and construction finance. A securities account is also part of the product portfolio.
SKG BANK was founded in 1953. Today the bank is a brand of DKB, making it one of the most important direct banks in Germany. SKG BANK considers itself a specialist in personal credit. This online bank constantly focuses on the lending business and wants to offer its customers a wide variety of solutions.
In addition to the classic personal loan, SKG Bank also offers a special home loan for homeowners and a rescheduling loan with low interest rates. The online bank emphasizes its short and fast decision-making processes and the high degree of transparency in lending. Once the loan application is successfully verified, the money will be disbursed within one business day.