Founded in 1998, CRONBANK is a young, innovative bank, operating as a direct bank, without brick-and-mortar branches. CRONBANK provides retail and corporate banking products and services to individuals and business clients.
Becoming a client of CRONBANK AG can be done in a few steps:
Due to regulatory requirements CRONBANK AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual CRONBANK AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients CRONBANK AG will ask to provide corporate documentation as well as information about controlling persons. CRONBANK AG may request additional documentation or information depending on the case. Account opening procedure is usually completed within a few minutes.
CRONBANK AG is the 837th largest bank in Germany in terms of total assets. In 2018 its total assets were 658,80 mln EUR, providing the bank with the market share of 0.01%. In 2018 the bank's net income was 3,16 mln EUR.
CRONBANK AG participates in the deposit guarantee scheme of Germany. This deposit guarantee scheme applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. CRONBANK AG is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it.
CRONBANK AG is headquartered in Dreieich.