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Which Bank for salary account

Last activity 18 February 2018 by beppi

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satti65

Hello Dear Forum Members,

At present, Deutsche Bank debits about 15EUR for a quarter as account charges.
Now after my studies i will be starting work soon and i am looking for a Bank which has no such account charges.

Someone could let me know which Bank has zero charges for salary accounts ?

Best regards
Sathish

beppi

You can check online comparison webpages like this one:
    https://girokonto.focus.de/
However, more and more banks are introducing (sometimes hidden) charges, because due to the extremely low interest rates their other streams of income dried up.

JanKrohn

You could open an account with a credit union (for example Volksbank, Sparda Bank, Raiffeisen Bank).
These institutions are owned by the collective of all customers. Once per year all customers/owners would be summoned to vote democratically on all important decisions (such as account fees).
Therefore, these banks don't have a general manager who earns a million euro per year, and on the other hand, salary accounts are usually free. (And if not, then that's the customers' own decision).

satti65

Thank you for the info @Beppi, @Janrohn  :cool::top:

beppi

Contrary to JanKrohn above, I found the collectively owned banks (like Volksbanken) offering neither lower fees nor good service. Due to the consensus-based approach, they are slow, conservative and old-fashioned. However, they have many branches (while the other banks move online and close offline presence) and are probably best if you want to speak to someone over the counter.

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