Tuesday, 22.08.17 , written by Anja Schlicht At least once a year, the Stiftung Warentest takes a look at the cost of checking accounts. In the current test for the financial test (09/2017), 231 accounts were compared. Only 23 of them are free. Account holders who want to switch to a cheaper account
Current account test of Stiftung Warentest: 23 of 231 accounts are free
In the current checking account test of Stiftung Warentest shows that the number of free accounts has further reduced . While in the previous year 25 offers were free for bank customers, there are now only 23. However, many of these current accounts can incur unnecessary costs if certain services are not used online, such as changing a standing order. The credit card is not always free. Accordingly, bank customers who want to change their checking account should pay close attention to the exact conditions .
Current account test: In 2017, bank customers can choose between 23 free accounts
Of the 23 free checking accounts, 13 are available nationwide, with nine bank accounts being offered by online banks. These include:
Bank customers who value a branch with a personal contact person will find free checking accounts at PSD Niederbayern-Oberpfalz, Santander Bank, Sparda Hessen and Santander Consumer Bank. There are also a number of regional financial institutions where the account is free.
Tip: A law that has been in force since 2016 makes it much easier for bank customers to change current account. For example, the old bank has to transfer all existing transfers and direct debits to the new one.
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Free checking account requires partly money receipt
For the 23 accounts, it does not matter what the monthly cash receipt is. On the other hand, some other banks attach free account management to certain conditions, such as a certain salary or pension receipt or a continuous credit balance , which in some cases must be in the five-digit range. In addition, it makes sense for those interested in change to consider the dispozins . In the free offers without ifs and buts, the interest for the credit line varies between 5.7 percent and 10.87 percent.
Stiftung Warentest warns of unnecessary costs for checking accounts
In the course of its current account test, the Stiftung Warentest criticizes that the price increases made by some banks have “absurd features” . For example, some customers of the Frankfurter Volksbank have to pay 35 cents per withdrawal at the machine if they withdraw their money from the bank account outside the opening hours of the bank. Even with the girocard long individual financial institutions too . While these offer many banks for free, fall for example at the Kreissparkasse Kaiserslautern 16 € per year, at Sparda Münster, Hannoversche Volksbank, Sparkasse Nuremberg, Dortmunder Volksbank and the Sparda Hannover, it is twelve euros annually.
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