The savings bank takes a drastic step. Customers who refuse to pay their negative interest rates face consequences.
Dortmund – Many German banks demand a so-called custody fee from their customers for amounts of 50,000 euros or more in the account. Some customers do not want to pay these negative interest rates, but some companies are no longer willing to put up with that RUHR24* White.
| Institute | savings bank |
| number of branches | 376 |
| employees | over 200,000 |
Savings bank customers are threatened with account termination: so many customers are affected
There was only recently Changes in savings bank*. Now the next innovation follows, because the bank is now taking rigorous action once morest some customers. A year ago, Sparkasse Düsseldorf is said to have canceled two dozen customer accounts due to negative interest rates. The Sparkasse Dortmund also spoke according to information from Handelsblatt already the first layoffs.
According to the bank, the majority “reacted to the Sparkasse’s notice of change by ending their business relationship”. In total, it counts 330,000 customers. According to the Ruhr news Sparkasse Dortmund is said to have canceled all accounts for one customer for mid-May. But the procedure of the Sparkasse is no longer an isolated case (more digital-News bei RUHR24*).
Savings banks pronounce account termination: These branches are not affected
In the meantime, other financial institutions have taken the step or are regarding to do so, such as Postbank, which belongs to Deutsche Bank. But the ING would also like to close accounts soon because of negative interest rates.
Some banks are still refraining from this drastic measure, such as Commerzbank. “We’re trying to find good solutions together,” said a Commerzbank spokesman Handelsblatt reported. According to CEO Johannes Evers, the Berliner Sparkasse is also said to have not given notice to anyone.
Savings bank customers are threatened with account termination: this is how negative interest rates continue
At least a third of banks should charge negative interest rates. There are at least 449 financial institutions that calculate this interest on daily and current accounts, as the comparison portal Verivox is said to have determined. But that might soon be a thing of the past.
Savings bank customers are threatened with account termination due to negative interest rates.
© Michael Gstettenbauer/Imago
Because a number of financial institutions want to abolish negative interest rates for private customers, even if the European Central Bank refrains from penalty interest. These should include Hamburger Sparkasse, Apobank, ING and DKB. *RUHR24 is part of the editorial network of IPPEN.MEDIA.
List of rubrics: © Michael Gstettenbauer/Imago
