net-m privatbank 1891 AG

Business Summary

Services
retail banking
corporate banking
Products
current accounts
savings accounts
business loans
factoring
time deposit accounts (0.01 - 0.01 %)
Area Served
DEGermany

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 %).

Account Opening

Account Opening Procedure
submit online application

Opening an account with net-m privatbank 1891 AG can be done by performing the following steps: submit online application.

Required Documents
passport
proof of address
application form

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.

Identity Verification
passport
any one of the documents above
Address Confirmation
proof of address
any one of the documents above
Current Occupation
Income Source
Forms
application form
all the forms from above

net-m privatbank 1891 AG may require additional documentation or information depending on the case.

Ways to Bank

Business Channels
branch branch
online banking online banking

Products and services offered by net-m privatbank 1891 AG are available at its branches and via its online banking system.

Products

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).

net-m privatbank 1891 AG offers the following time deposit accounts.

Updated on 30 October 2020

Festgeld
Sales Region
DEGermany
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term
3 - 6 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.01 %
Max. Interest Rate (p.a.)
0.01 %
Min. Deposit Term
3 months
Max. Deposit Term
6 months

DEGermany: 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.

See Also