How reliable would you rate Fidor Bank in Germany to be?

[Spinat]

I want to know how much money you would trust this bank, so please cast your vote below and speak your mind about this bank.

 

[bastard]

As I posted a few times already then I opened an account today with them within 15 minutes. Personal account as an EU citizen.

 

[neweraoffshore]

I think they are really trustable and reliable.
They are a German bank and not are only a bank, they also do BaaS (Bank as a Service), means that they form white label banks for companies which want an own bank and they have some famous clients like for example O2 Bank from the trademark O2 of the company Telefonica.
They are secured by the EDB (Einlagensicherung der Banken, which means something like "deposit guarantee), which means that they are at least secured for 100.000€, however Germany even offers to pay back sums until 500.000€, this takes a lot longer, but they do it in most cases.
https://www.edb-banken.de/banks/abfrage-fidor-bank-ag/

 

[Spinat]

Thank you for your comments @neweraoffshore - I have opened an account with them and they manage it very professional so far.

 

[moneyhoney]

Are you all talking about personal account right? Am I wrong or they offer corporate just for german residents?

 

[Spinat]

still personal account, so far no answer on the enquiry about UK LTD application but I hope they will respond shortly.

 

[Artemis Eleutheria]

They seem to have gone "Germany only" on the company accounts.

 

[happyjohn]

They don't accept UK LTD's just got it confirmed by their Kudenservice - Personal EU accounts are fine with them.

 

[daxbr]

Don't they have standard 100k go ver nment deposit insurance?

 

[JohnLocke]

I have looked into a german GmBH and asked them if they would accept it, waiting for their reply.

 

[neweraoffshore]

@Admin Business account for GmbH should not be a problem at Fidor, they accept GmbHs
@daxbr yes, 100k is standard for all banks in Germany. However Germany also offer paybacks until 500k.

 

[John Spectre]

Is it any info if they could accept non EU residents?

 

[Spinat]

Is it any info if they could accept non EU residents?

yes they can for personal accounts only.

 

[John Spectre]

According to their site, its not possible.
I.e:
What are the conditions for using the Fidor Smart Current Account?

• You must be at least 18 years of age and a resident of the Federal Republic of Germany

Do you have real life cases for non-EU users onboarding with fidor?

 

[JohnLocke]

I hold an account with Fidor Bank for a few years, Im not a German resident