Tag: Custody fee
Storage fee for emergencies an option
Commerzbank The bank does not want to completely give up the instrument of a custody fee. (Photo: dpa) Frankfurt Commerzbank board member Thomas Schaufler does not want to completely give…
What the abolition means for savers
Frankfurt skyline Most German banks have abolished negative interest rates for private customers. (Photo: dpa) Frankfurt This Monday is the end of negative interest rates at Deutsche Bank. From August…
After the ECB interest rate decision: moving away from the custody fee
Frankfurt banking skyline Most banks are likely to remove the custody fee after the ECB rate hike. Deutsche Bank wants to do that in August. The Hamburger Sparkasse on Friday.…
15 billion euros income with call money for banks
Bank towers in Frankfurt The European Central Bank is expected to hike interest rates this week. The German credit institutions can count on increasing income in the overnight money business…
Berlin fintech abolishes custody fee
N26 The abolition of the custody fee will come into effect with the July accounting period. (Photo: Reuters) Frankfurt The Berlin smartphone bank N26 refrains from negative interest rates in…
Sparda-Bank West will abolish custody fees from July
Sparda Bank West The Düsseldorfer Bank abolishes negative interest rates for private customers. (Photo: DARCHING) Frankfurt The end of negative interest rates for private savers is approaching. With the Sparda-Bank…
The first banks are doing away with the custody fee altogether
European Central Bank The ECB is likely to end the negative interest rates it charges commercial banks soon. The first credit institutions are now no longer charging any custody fees…
Termination if negative interest is not approved
In the meantime, other financial institutions have taken the step or are about to do so. Postbank has terminated some customers’ accounts because they did not agree to negative interest…
Without ECB negative interest, some financial institutions are cutting custody fees
Frankfurt The European Central Bank (ECB) has nurtured hopes of an imminent turnaround in interest rates. Step by step, it should then also do without the negative interest rates for…
Sparkasse terminates 24 customers in dispute over negative interest payments
Sparkassen logo The background to the custody fees is the negative interest rate of 0.5 percent that banks have to pay for parking money at the European Central Bank. (Photo:…
Sparkasse terminates 24 customers in dispute over negative interest payments
Sparkassen logo The background to the custody fees is the negative interest rate of 0.5 percent that banks have to pay for parking money at the European Central Bank. (Photo:…
Where Germans can keep their cash safe
Euro bills lie on a table At many banks, savers are now paying negative interest rates. Is that why they are hoarding cash? (Photo: dpa) Frankfurt Anyone who wants to…
Berlin Regional Court considers negative interest to be inadmissible
Frankfurt The dispute over negative interest rates on current and overnight money accounts is entering a new round – with a current verdict. Accordingly, the approach of the German financial…