net-m privatbank 1891 AG provides products and services in the areas of retail banking, corporate banking. net-m privatbank 1891 AG offers a range of products including current accounts, savings accounts, business loans, factoring, time deposit accounts (0.01 - 0.01 %).
Opening an account with net-m privatbank 1891 AG can be done by performing the following steps: submit online application.
net-m privatbank 1891 AG requires the following documents to open a personal bank account: passport; proof of address; application form.
While opening a bank account net-m privatbank 1891 AG has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by net-m privatbank 1891 AG and the documents used are outlined below.
net-m privatbank 1891 AG may require additional documentation or information depending on the case.
Products and services offered by net-m privatbank 1891 AG are available at its branches and via its online banking system.
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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).
net-m privatbank 1891 AG offers the following time deposit accounts.
Updated on 30 October 2020
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.
Deposit Guarantee. Time deposit accounts made with net-m privatbank 1891 AG are covered by deposit guarantee scheme of Germany up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Germany is not taxed. Interest gained on time deposit accounts by residents of Germany is taxed at 26.00% rate. When the interest is paid, this tax is automatically withhold by net-m privatbank 1891 AG from the time deposit account.