Founded in 1999, Wirecard Bank is a part of German Wirecard Group, a global financial services and technology company. Wirecard Bank specializes in providing cashless payment solutions to private and business customers, including payment systems, account management, and payment cards.
In 2017 total assets of Wirecard Bank AG were 1 212,31 mln EUR. In 2017 the bank's net income was 30,89 mln EUR.
Wirecard Bank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Wirecard Bank AG is headquartered in Aschheim.
Wirecard Bank AG provides services in the area of retail banking. The range of products offered by Wirecard Bank AG includes current accounts, debit cards, prepaid cards.
Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Current accounts are often offered with a payment card (a debit card and/or a credit card) and may also include overdraft possibility. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account.
Current accounts made with Wirecard Bank AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. The following current accounts are offered by Wirecard Bank AG.
Updated on 15 February 2019
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
|Total Assets (2017)|
|1 212.31 mln EUR (+22.79%)|
In 2017 total assets of Wirecard Bank AG were 1 212.31 mln EUR. Growth compared to the previous period (2016) was 22.79%. The evolution of the total assets of Wirecard Bank AG is shown at Chart 1 below.
Chart 1. Total Assets of Wirecard Bank AG.
|Net Income (2017)|
|30.89 mln EUR (-71.35%)|
In 2017 net income of Wirecard Bank AG was 30.89 mln EUR. Decline compared to the previous period (2016) was -71.35%. The evolution of the net income of Wirecard Bank AG is shown at Chart 2 below.
Chart 2. Net Income of Wirecard Bank AG.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.
In the case of Wirecard Bank AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)|
|Covered Currencies||EU currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Wirecard Bank AG and its components are shown in the table below.
|Bank BIC Code||WIRE|
|Country Code||DE (Germany)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Wirecard Bank AG is shown in the table below.