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. On June 25, 2020 Wirecard has filed for insolvency after an accounting scandal on missing $2,00 bln EUR.
Becoming a client of Wirecard Bank AG can be done in a few steps:
Due to regulatory requirements Wirecard Bank AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Wirecard Bank AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients Wirecard Bank AG will ask to provide corporate documentation as well as information about controlling persons. Wirecard Bank AG may request additional documentation or information depending on the case.
Wirecard Bank AG is the 500th largest bank in Germany in terms of total assets. In 2018 its total assets were 1 583,85 mln EUR, providing the bank with the market share of 0.02%. In 2018 the bank's net income was 23,50 mln EUR.
Wirecard Bank 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. Wirecard Bank AG is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it.
Wirecard Bank AG is headquartered in Aschheim.
Wirecard Bank AG has profiles at the following social networks: