comdirect bank AG

Established in 1994, comdirect bank is a direct bank, a member of Commerzbank Group. Initially prodiving online brokerage services, comdirect bank now also offers a complete range of retail banking products and services to its online customers. In 2009 comdirect bank started offering investment management solutions to business customers.

Services

Retail Banking
Online Brokerage

Products

Financials

Total Assets (2017)
22 814.42 mln EUR  (+19.76%)
Net Income (2017)
113.44 mln EUR  (+62.33%)

In 2017 total assets of comdirect bank AG were 22 814,42 mln EUR. In 2017 the bank's net income was 113,44 mln EUR.

comdirect bank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

comdirect bank AG is a member of Commerzbank (Germany).

Contacts

Pascalkehre 15, 25451, Quickborn, Kr. Pinneberg, Germany

comdirect bank AG is headquartered in Quickborn, Kr. Pinneberg.

Bank Identifiers

BIC (SWIFT)
COBADEHDXXX
MFI ID
DE05631

Business Summary

Business Focus
providing retail banking and online brokerage via direct banking channels
Eligible Clients
natural persons, legal entities
Services
retail banking
online brokerage
Products
current accounts
savings accounts (0.00 - 0.01 %)
time deposit accounts (0.01 - 0.75 %)
consumer loans (2.45 - 4.25 %)
mortgage loans (0.65 - 2.01 %)
car loans (2.45 - 4.25 %)
trading accounts

comdirect bank AG is focused on providing retail banking and online brokerage via direct banking channels. comdirect bank AG provides products and services in the areas of retail banking, online brokerage. The range of products offered by comdirect bank AG includes current accounts, savings accounts (0.00 - 0.01 %), time deposit accounts (0.01 - 0.75 %), consumer loans (2.45 - 4.25 %), mortgage loans (0.65 - 2.01 %), car loans (2.45 - 4.25 %), trading accounts. comdirect bank AG makes its solutions available to natural persons, legal entities.

Products

Current Accounts

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 comdirect bank AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. The following current accounts are offered by comdirect bank AG.

Updated on 15 December 2018

comdirect Girokonto
Sales Region
Germany
Account Currency
EUR
Annual Costs (EUR)
0
Overdraft Rate (p.a.)
6.50 %
Current Account Details
Product Name
comdirect Girokonto
Account Currency
EUR
Overdraft Rate (p.a.)
6.50 %
Debit Card
Visa Credit Card
MasterCard Credit Card
Telephone Banking
Branch Banking
Online Banking

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.

See Also

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with comdirect bank AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. comdirect bank AG offers the following savings accounts.

Updated on 15 December 2018

Tagesgeld PLUS
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
1 - 99
Savings Account Details
Product Name
Tagesgeld PLUS
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
1 - 99
Investment Amount
1 - 10000 EUR
Interest Frequency
4 times a year
Tagesgeld PLUS
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.00 %
Deposit Term (months)
1 - 99
Savings Account Details
Product Name
Tagesgeld PLUS
Account Currency
EUR
Interest Rate (p.a.)
0.00 %
Deposit Term (months)
1 - 99
Investment Amount
10001 - 999999 EUR
Interest Frequency
4 times a year

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.

See Also

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with comdirect bank AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. comdirect bank AG offers the following time deposit accounts.

Updated on 15 December 2018

Festgeldkonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
1
Time Deposit Account Details
Product Name
Festgeldkonto
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
1
Investment Amount
500 - 999999 EUR
Interest Frequency
12 times a year
Festgeldkonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
2
Time Deposit Account Details
Product Name
Festgeldkonto
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
2
Investment Amount
500 - 999999 EUR
Interest Frequency
6 times a year
Festgeldkonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
3
Time Deposit Account Details
Product Name
Festgeldkonto
Account Currency
EUR
Interest Rate (p.a.)
0.05 %
Deposit Term (months)
3
Investment Amount
50000 - 999999 EUR
Interest Frequency
4 times a year
Festgeldkonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
3
Time Deposit Account Details
Product Name
Festgeldkonto
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
3
Investment Amount
500 - 49999 EUR
Interest Frequency
4 times a year
Laufzeitkonto
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.75 %
Deposit Term (months)
120
Time Deposit Account Details
Product Name
Laufzeitkonto
Account Currency
EUR
Interest Rate (p.a.)
0.75 %
Deposit Term (months)
120
Investment Amount
500 - 999999 EUR
Interest Frequency
1 times a year

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.

See Also

Consumer Loans

Consumer loans are secured or unsecured (i.e., backed or non-backed by a collateral) loans provided to retail customers for personal, family, or household purposes or for purchase of goods and services. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term). Consumer loans offered by comdirect bank AG are shown in the table below.

Updated on 15 December 2018

Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
2.45 %
Borrowing Amount (EUR)
30000 - 999999
Loan Term (months)
12 - 120
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.65 %
Borrowing Amount (EUR)
10000 - 29999
Loan Term (months)
12 - 120
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
4.25 %
Borrowing Amount (EUR)
5000 - 9999
Loan Term (months)
12 - 120

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.

See Also

Car Loans

Car loans are secured or unsecured (i.e., backed or non-backed by a collateral) installment loans provided to retail customers for the purpose of buying a new or used car. Used cars purchased privately are often financed through unsecured loans, while new cars are financed via secured loans with the car used as the loan collateral. Car loans offered by comdirect bank AG are shown in the table below.

Updated on 15 December 2018

Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
4.25 %
Borrowing Amount (EUR)
5000 - 9999
Loan Term (months)
12 - 120
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
3.65 %
Borrowing Amount (EUR)
10000 - 29999
Loan Term (months)
12 - 120
Ratenkredit
Sales Region
Germany
Loan Currency
EUR
Effective Rate (p.a.)
2.45 %
Borrowing Amount (EUR)
30000 - 999999
Loan Term (months)
12 - 120

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.

See Also

Mortgage Loans

Mortgage loans are secured loans used for real estate financing purposes (for example, purchase of a new or existing property, construction of an own property, property renovation) without paying the entire value up front. A mortgage loan is secured by the collateral of specified real estate property and is repaid in installments. Mortgage loans offered by comdirect bank AG are shown in the table below.

Updated on 15 December 2018

Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
0.65 %
Borrowing Amount (EUR)
from 200001
Lending Amount (%)
60.00 %
Loan Term (years)
5
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
0.75 %
Borrowing Amount (EUR)
100001 - 200000
Lending Amount (%)
60.00 %
Loan Term (years)
5
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
0.75 %
Borrowing Amount (EUR)
50000 - 100000
Lending Amount (%)
60.00 %
Loan Term (years)
5
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
0.85 %
Borrowing Amount (EUR)
from 200001
Lending Amount (%)
80.00 %
Loan Term (years)
5
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
0.95 %
Borrowing Amount (EUR)
50000 - 100000
Lending Amount (%)
80.00 %
Loan Term (years)
5
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
0.95 %
Borrowing Amount (EUR)
100001 - 200000
Lending Amount (%)
80.00 %
Loan Term (years)
5
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.00 %
Borrowing Amount (EUR)
from 200001
Lending Amount (%)
60.00 %
Loan Term (years)
10
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.09 %
Borrowing Amount (EUR)
100001 - 200000
Lending Amount (%)
60.00 %
Loan Term (years)
10
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.10 %
Borrowing Amount (EUR)
50000 - 100000
Lending Amount (%)
60.00 %
Loan Term (years)
10
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.20 %
Borrowing Amount (EUR)
from 200001
Lending Amount (%)
80.00 %
Loan Term (years)
10
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.23 %
Borrowing Amount (EUR)
100001 - 200000
Lending Amount (%)
80.00 %
Loan Term (years)
10
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.30 %
Borrowing Amount (EUR)
50000 - 100000
Lending Amount (%)
80.00 %
Loan Term (years)
10
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.44 %
Borrowing Amount (EUR)
100001 - 200000
Lending Amount (%)
60.00 %
Loan Term (years)
15
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.44 %
Borrowing Amount (EUR)
from 200001
Lending Amount (%)
60.00 %
Loan Term (years)
15
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.51 %
Borrowing Amount (EUR)
50000 - 100000
Lending Amount (%)
60.00 %
Loan Term (years)
15
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.67 %
Borrowing Amount (EUR)
from 200001
Lending Amount (%)
80.00 %
Loan Term (years)
15
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.68 %
Borrowing Amount (EUR)
100001 - 200000
Lending Amount (%)
80.00 %
Loan Term (years)
15
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.71 %
Borrowing Amount (EUR)
50000 - 100000
Lending Amount (%)
60.00 %
Loan Term (years)
20
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.71 %
Borrowing Amount (EUR)
from 200001
Lending Amount (%)
60.00 %
Loan Term (years)
20
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.71 %
Borrowing Amount (EUR)
100001 - 200000
Lending Amount (%)
60.00 %
Loan Term (years)
20
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.80 %
Borrowing Amount (EUR)
50000 - 100000
Lending Amount (%)
80.00 %
Loan Term (years)
15
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.91 %
Borrowing Amount (EUR)
100001 - 200000
Lending Amount (%)
80.00 %
Loan Term (years)
20
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
1.91 %
Borrowing Amount (EUR)
from 200001
Lending Amount (%)
80.00 %
Loan Term (years)
20
Baufinanzierung PLUS
Sales Region
Germany
Loan Currency
EUR
Borrowing Rate (p.a.)
2.01 %
Borrowing Amount (EUR)
50000 - 100000
Lending Amount (%)
80.00 %
Loan Term (years)
20

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.

See Also

Trading Accounts

Trading accounts are used to execute trade transactions involving buying and selling various financial instruments, for example, stocks, bonds, futures and options. Trading accounts can hold both cash and securities.

Trading accounts made with comdirect bank AG are covered by investor compensation scheme of Germany up to 20 000 EUR per investor. Trading accounts offered by comdirect bank AG are shown in the table below.

Updated on 15 December 2018

comdirect Depot
Sales Region
Germany
Annual Costs (EUR)
0.00
Costs per Order (EUR)
11.40 - 12.90
Trading Account Details
Product Name
comdirect Depot
Annual Costs
0.00 EUR
Costs per Order
11.40 - 12.90 EUR
Traded Instruments
stocks
ETFs
funds
options
certificates
Stock Exchanges
XETRA
Frankfurt
NYSE

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.

See Also

Financial Positions

Total Assets (2017)
22 814.42 mln EUR  (+19.76%)

In 2017 total assets of comdirect bank AG were 22 814.42 mln EUR. Growth compared to the previous period (2016) was 19.76%. The evolution of the total assets of comdirect bank AG is shown at Chart 1 below.

Total Assets of comdirect bank AG.

Chart 1. Total Assets of comdirect bank AG.

Profit and Loss

Net Income (2017)
113.44 mln EUR  (+62.33%)

In 2017 net income of comdirect bank AG was 113.44 mln EUR. Growth compared to the previous period (2016) was 62.33%. The evolution of the net income of comdirect bank AG is shown at Chart 2 below.

Net Income of comdirect bank AG.

Chart 2. Net Income of comdirect bank AG.

Market Share and Rank (among banks in Germany)

Total Assets (2016)
50th (market share 0.27%)

In 2016 comdirect bank AG was ranked the 50th largest bank in Germany in terms of total assets, having 0.27% of the domestic market share.

Market share of comdirect bank AG (among banks in Germany)

Chart 3. Market share of comdirect bank AG (among banks in Germany)

Several banks having the market shares and ranks closest to comdirect bank AG are shown below.

RankNameTotal AssetsMarket Share
49IKB Deutsche Industriebank AG19559.20 mln EUR0.28%
50comdirect bank AG19049.69 mln EUR0.27%
51Investitionsbank Schleswig-Holstein19002.87 mln EUR0.27%
 

Deposit Guarantee

Deposit Guarantee
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 comdirect 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

Further Information

BIC

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 comdirect bank AG and its components are shown in the table below.

BIC  COBADEHDXXX
Bank BIC Code  COBA
Country Code  DE (Germany)
Location Code  HD
Branch Code  XXX

MFI ID

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 comdirect bank AG is shown in the table below.

MFI ID  DE05631