The Comdirect Bank is one of the two absolute top banks that do not only “permit” a change of residence abroad with its free current account with Visa credit card – you even have the possibility to apply for this account from abroad!
A requirement for the successful opening of the bank account is the ability to understand and speak German language, because this is the contract and communication language of the bank.
The following is offered by Comdirect:
- Online current account for German-speaking people worldwide
- free account management
- free Girocard
- free VISA credit card / Prepaid Card
- free cash supply in Germany and abroad
- free cash deposits through branch offices
- fair interest rates on balance
- low overdraft credit rates
- optional securities account
- Online account application,
Proof of identity through PostIdent or foreign notaries
Go directly to the bank: www.comdirect.de/sofortkonto.
Uniqueness of the Comdirect Bank
Comdirect Bank was founded by the internationally known German Commerzbank in the early 1990s. Up to this date, 80% still belong to the Commerzbank. This special constellation provides interesting advantages for Comdirect-customers that customers of other direct banks do not have:
Deposit cash free of charge
As a customer of the Comdirect Bank, you can up to three times per year deposit cash free of charge to your current, savings or custodianship account at any branch office of the Commerzbank. This is even possible outside the opening hours via deposit machines, just like this article shows: How to deposit cash.
Free cash supply
You can also withdraw cash through the branch offices of the Commerzbank. It is recommendable to contact the customer service for higher amounts (e.g. for a car purchase) in advance via phone or e-mail, so that the branch office can prepare the cash withdrawal for you.
Amounts up to Euro 1.000 per day can be withdrawn free of charge with the Girocard from the many thousands of ATMs of the CashGroup – these are mainly the ATMs at the Commerzbank, Deutsche Bank, Postbank and Berliner Bank.
Outside Euro area, please use your Visa credit card for cash withdrawals.
Note: Withdraw cash free of charge within Euro area using the Girocard and foreign currency abroad using the Visa credit card.
… this is how you will never pay fees for the cash supply.
Comdirect Visa Credit Card (free)
The Visa credit card is optional. This means that you do not have to apply for this credit card. However, we recommend it, because it has a lot of advantages. Moreover, the Visa credit card is to 100 % free of charge!
With credit line or prepaid.
According to your creditworthiness, you will get your Visa credit card with a credit line, so that you can pay with it without having the corresponding amount on the bank account. Every Monday, the Visa credit card is cleared automatically with the current account. There won´t be any credit interest rates yet.
If your creditworthiness is not that good or your bank cannot estimate you very well, then you have the possibility to get the Comdirect Visa Prepaid Card. This works just like the Visa credit card with credit line (e.g. free cash withdrawal abroad), however, with the difference that you will have to transfer money to the credit card account beforehand.
A maximum of Euro 5.000 can be deposited to the credit card account. This balance won´t get credit interest.
You can find more tips for the Visa credit card in the article 7 secrets to use your account optimally.
Ideas for the usage of the Comdirect offer
The current account as well as the supplements, such as the Visa credit card or the call money account, are unconditionally free of charge – no matter how often you use the Comdirect.
Main Current Account
The Comdirect can be well used as a main bank, as everything is offered by one single source, such as current account, investments up to financing.
One will not obtain personal consultation in a meeting room with free drinks &ndsah; but you won´t be “sold” things you do not need either.
However, one can contact the bank all around the clock by phone and discuss financial issues with a competent contact person.
Thanks to the variety of products with call money account, time deposit investments and securities deposit that are also individually usable, one can use the Comdirect as a second bank for special purposes.
Because of the great conditions regarding abroad cash withdrawals, the Comdirect is perfect for holiday journeys. You can save your holiday budget throughout the whole year on your Comdirect call money account and then withdraw your money with your credit card.
Tax-free investment for non-residents
You can use the deposit – with or without current account – conveniently from abroad. There are no fees for the deposit management and you benefit from the favourable low order fees of the German stock exchange market.
At the bank, you can use your status of “non-resident tax payer“ (german article), so that your account will be exempt from the automatic tax deduction. This will ensure that your capital gains will be tax-free in Germany.
We will continue with our research about further clever usage possibilities of the Comdirect within Germany as well as abroad and will provide the results for you free of charge as tips and instructions on this special portal.
Questions and suggestions about the Comdirect are welcome!
“Yes, I would like to become a Comdirect customer”
… free current account with additional benefits!