Banking/Finance in Germany

[4254126]

A thread to discuss everything related to German banking and finance related stuff!

 

[4254126]

https://www.mastercard.de/de-de/privatkunden/produkte-features/produkte/debit-mastercard.html

As was discussed in the other thread, here is the German MasterCard Debit promo site.

 

[therealtibu]

https://www.mastercard.de/de-de/privatkunden/produkte-features/produkte/debit-mastercard.html

As was discussed in the other thread, here is the German MasterCard Debit promo site.

Do you got further information about the spreading of MC Debit?
Several month ago I saw that Sparkasse Siegen is offering the MC Debit. Are there further "large" Banks except the Direktbanken which are offering it?

 

[4254126]

Well, Commerzbank and Deutsche Bank are the big two private banks.

You're right, Sparkasse Siegen tested MasterCard Debit but I'm not sure what the result of this phase is: https://www.it-finanzmagazin.de/deb...-siegen-testet-die-girocard-konkurrenz-59757/

I found this a few days ago: Sparkasse Mecklenburg-Neustrelitz have "built" their own Visa Debit card. It basically works the same as the ING VISA card: Pending payments get processed within 1-3 days and basically acts as a Debit card. https://www.spk-mecklenburg-strelitz.de/de/home/privatkunden/kreditkarte/visa-basis.html?n=true

Visa hasn't actually launched their Debit product in Germany yet (apart from Consorsbank, that seems to be some special deal).

 

[docfred]

Hmm. The fotos of the Spk Mck-Neustrdings say "Visa prepaid", so they connected the regular bank account as the "prepaid" clearining account to that card?

 

[4254126]

Hmm. The fotos of the Spk Mck-Neustrdings say "Visa prepaid", so they connected the regular bank account as the "prepaid" clearining account to that card?

Yep. It's basically the same as with ING (their card is chipped as 'credit' though).

Interesting concept and clearly shows that Visa has some potential by bringing their Visa Debit model to Germany.

My local Sparkasse offers a similar product, but the card has its own account that you need to top up with money.

 

[docfred]

my S offers for younger customers (pupils, students, "Azubis", etc.) a MasterCard prepaid as "x-tension" (or something like that). I think, it's the same process... second clearing account to charge the prepaid-card. well, why not.

more interesting how the DK reacts to MC debit and Visa debit, IF major banks introduce them and gain market share.

the DB card plus for example.... don't think that is a big success as it is a optional addon with costs. but the CommerzBank card.... hmm.

 

[4254126]

but the CommerzBank card.... hmm.

Well in my Commerzbank account (it's free) it's an additional 3,50€ a month. Free in the first year. Then again: Some banks charge a yearly fee for their Girocard

 

[docfred]

yeah, but everyone complains about fees for bank accounts. that would be old and grumpy and "wucher" and so on. so if that's the benchmark, then you have to be "better" than this

btw: I never had to pay for my bank account cards. at no bank.

 

[4254126]

btw: I never had do pay for my bank account cards. at no bank.

That's great, neither do I.

But there are plenty out there that do

And I also assume that, as you mention in the other thread, first VPay will die (probably quicker than we think) and then Maestro. No room for both systems and as the market consolidates, GIrocard will have a tough market to get through.

 

[JulianGoesPro]

btw: I never had to pay for my bank account cards. at no bank.

I was too cheap to upgrade boon basic... now there is no way around the 1€something... or is there?

 

[4254126]

no... unless you just take all your money off the card.

 

[docfred]

I was too cheap to upgrade boon basic... now there is no way around the 1€something... or is there?

Alternative: other creditcards (like Hanseatic) or use one of the many cash back offers of boon.