In all 5 areas (German citizens abroad, emigrants, immigrants, travelers and diplomats), the DKB was rated on this web portal as especially suitable.
On this page, we want to introduce you further to the bank, so that you get a feeling for the bank and understand why it offers such outstanding conditions.
First of all, a summary of the exceptional conditions:
- online current account for all German-speaking people worldwide
- free account management
- free Girocard
- free VISA credit card
- free cash withdrawals worldwide (!)
- good interest on credit balances
- favorable overdraft credit
- optional securities account
- online account application
Visit the bank directly: www.dkb.de/privatkunden/dkb_cash.
How can I use the account DKB-Cash optimally?
The different types of use of the account DKB-Cash are just as individual as people themselves. However, one can mention some main features:
As a Main Current Account
DKB-Cash is a full current account and even suitable for international transactions. All transactions within the SEPA-area are free of charge; direct debits and standing orders are possible; checks can be issued and redeemed; etc.
As a Credit Card
With the VISA Card, one can pay purchases within Germany and abroad, as well as on the Internet. The current account is only for the monthly billing of the credit card.
As a Travel Account, means of payment abroad
Thanks to the worldwide free cash supply (there is no charge even for the currency exchange), the DKB Cash is often used as a leave account. One saves the money for the vacation and can then withdraw free of charge through the VISA credit card.
The credit balance on the VISA credit card (VISA Sparen) has good interest rates. The interest is credited monthly, so that a small compound interest effect takes place. Without notice period, one can access the money at any time.
The account DKB-Cash is also used as an emergency account. This applies especially to customers outside Germany. They use the DKB to park their money in a safe German state bank. This is partly due to the fact that people lost faith in local banks. And even if the currency Euro shall break apart, the money would be in Germany in the future „tough zone“.
Money Transfer Account
As one can withdraw the money from any VISA-enabled ATM free of charge and without any exchange fees, there are different ways to use the account and the credit card for the money transfer. For example, a worker can send a part of his salary to his family abroad …
Tip for a smart usage of the DKB conditions
Apply for a second VISA credit card. Use the first one for payments. There are no lending rates up to 30 days. Between the 20th and the 22nd of each month, the credit card balance will be offset against the current account balance.
The second VISA credit card can be used as a savings account. Each day will accrue interest. The interest will be credited monthly.
How many people are using the DKB account + VISA Card?
Already 2.7 million German-speaking people use the free online current account „DKB Cash“. About 100,000 live outside Germany. 22,000 customers are in Austria and 12,000 in Switzerland (Status as of: 2013).
66,000 customers are in non-German-speaking countries. 195 countries are officially acknowledged by the UN (United Nations). In 193 of them, there are DKB-customers. Only in Vatican City and in North Korea, there are no DKB customers.
How does the DKB earn money?
A bank account in which everything is free of charge. One must ask the question: How does the bank earn money?
The DKB has three possibilities to earn money from its customers:
Credit Card transactions
Whenever you use your credit card to pay for products or services (no cash withdrawals from ATMs), the trader has to pay a revenue-based fee to the credit card company.
Savings Deposits (interest margin business)
The VISA credit card or a second VISA credit card can be used as a savings account due to the great interest rate. The DKB borrows deposits as credits, especially in residential constructions and renewable energies in Germany and receives therefore higher interest.
If the DKB current account goes into deficit, the customer will be charged lending rates.
Why does the DKB open bank accounts for people outside Germany?
The Deutsche Kreditbank AG (DKB) is to 100% a subsidiary of the Bayerische Landesbank. So it is a state bank of the free state of Bavaria (1 of 16 federal states of Germany).
It is often custom for state banks that a little politics play a role when creating an offer. At the DKB, anyone who understands German language can apply for a bank account. This is regardless of the nationality or the place of residence.
So it happens that the offer from the DKB is used by German citizens abroad, emigrants, foreign students, Work&Travel-people and diplomats.
It is also interesting that the deposit amount (VISA Sparen) of customers outside Germany is about twice as much. This shows true faith in the economic strength of the bank, in Germany and of course in the deposit insurance system.
Especially south-European customers park their liquidity increasingly in German bank accounts. Therefore, the account DKB-Cash with a monthly interest payment as well as the possibility to withdraw cash anytime and free of charge from any of the 2 million VISA-ATMs is nothing less than perfect.
“Apply now for the DKB-Cash”
… the world`s most attractive bank account!
Questions about the DKB?
Since 2004, my team and I use the DKB within Germany and abroad. One can say that we have become real DKB-experts. Take advantage of our experiences for your ideas. Post your question as a comment here. We would be pleased to help you.
Images: Eisenhans & Jakub Krechowicz (beide fotolia.com)