Which Bank for salary account

satti65 New member

Member since 17 May 2017

satti65New member14 February 2018 08:38:58

Hello Dear Forum Members,

At present, Deutsche Bank debits about 15EUR for a quarter as account charges.
Now after my studies i will be starting work soon and i am looking for a Bank which has no such account charges.

Someone could let me know which Bank has zero charges for salary accounts ?

Best regards
Sathish

beppi Germany/Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany/Singapore Expert14 February 2018 09:40:09

15457

You can check online comparison webpages like this one:
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However, more and more banks are introducing (sometimes hidden) charges, because due to the extremely low interest rates their other streams of income dried up.

JanKrohn Contributor

Member since 10 June 2011

JanKrohnContributor17 February 2018 22:42:28

197

You could open an account with a credit union (for example Volksbank, Sparda Bank, Raiffeisen Bank).
These institutions are owned by the collective of all customers. Once per year all customers/owners would be summoned to vote democratically on all important decisions (such as account fees).
Therefore, these banks don't have a general manager who earns a million euro per year, and on the other hand, salary accounts are usually free. (And if not, then that's the customers' own decision).

satti65 New member

Member since 17 May 2017

satti65New member18 February 2018 07:56:47

Thank you for the info @Beppi, @Janrohn聽

beppi Germany/Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany/Singapore Expert18 February 2018 08:46:54

15457

Contrary to JanKrohn above, I found the collectively owned banks (like Volksbanken) offering neither lower fees nor good service. Due to the consensus-based approach, they are slow, conservative and old-fashioned. However, they have many branches (while the other banks move online and close offline presence) and are probably best if you want to speak to someone over the counter.