Did anyone of you open an account with one the biggest german banks?

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response from Deutsche Bank

Hi,
i just got the same email response from DB as a number of previous posters in this thread, an adviser directs me to the same online registeration form all the other posters have received.




any help or reply anyone can give me would be greatly appreciated, i will let you know how i get on
  • firstly i don't have a postcode, i've entered IE & IEIE, but "please review postcode" keeps coming up, how do i bypass this or what would should i enter, i've tried Dublin postcodes, ie D7 etc but that doesn't work either.
  • do you have to go to Germany to actually open the account.
  • a number of posters advise there is a minimum lodgement of €100,000, others say €50,000, their online registration process offers a choice of below €20,000 & over €20,000, what is the correct figure.
P,S keep up the good work, some of the posts / threads are excellent.

regards,
CW
 
Yeah when I was opening my account (in Germany) they were quite puzzled there is no post code where I live. We were able to get past that step though. I guess the online registration is just more strict.

You have to open the account in Germany.

I was able to open the account with 5k (that is the minimum allowed opening balance on the account I opened). I opened their equivalent of a demand deposit.
 
I bypassed the code bit by simply entering a string of zero's.
Also after completing the online link I did get a phone call from a DB woman in Frankfurt. However she told me there was a min of 100k and it had to be invested in the markets with a 1% buy & sell commission. I didn't go any further as I have less than 100k and want it on deposit.
 
I got the same reply as 149oaks. No deposit/savings account option, only investment and a 100k minimum.
 
Seriously, just go to Germany... you can do it all in a day and get it over with... the flights will cost you about €100 in total. It's just a little bit of money and a little bit of time for peace of mind and having the thing over and done with!
 
Ye but
- do you have to make an app't?
- what airports are DB in?
- what do you have to bring?
- what type of deposit a/c's are available?
- do you also have to open a current a/c to lodge/withdraw from the deposit?
- and if so what are the charges for having a current a/c?

I'd like to know all this before I hop over there.
 
Thanks Japester.
Was wondering why you are transferring bit by bit? Is there a system restriction? Do you know if I brought a draft with me would they open a Deposit A/C there and then as I'll have no need for a current a/c to withdraw for approx 2 years.
These are the type of questions I can't get DB to answer by mail - I want to do it and get it all done in a 1 day trip over.
 
Hi 149oaks, I am not sure if they would accept a draft to be honest with you. You should definitely send them an email to find out that one. Have you no current account in Ireland to transfer the money from electronically, its much safer in my opinion and simple to do? I am confident that you should be able to have the account set up within an hour, provided that you have an appointment made in advance. I just walked into the branch on spec, not actually expecting to be dealt with there and then. I honestly thought that I would have to come back the following day, having made an appointment, but I was lucky that an account manager was available shortly after I arrived into the bank. Hope this helps.
 
Sorry for not answering your first question. I am transferring bit by bit since I believe there is a 5k per day restriction when you are transferring online with AIB. Also, a lot of my funds are currently tied up in An Post and EBS and I'm waiting for the EBS account to mature (later this month) and my An Post funds to reach their 6 month maturity dates so that I don't lose accumulated interest. Hopefully things won't go south that quickly :)
 
japester said:
Sorry for not answering your first question. I am transferring bit by bit since I believe there is a 5k per day restriction when you are transferring online with AIB. Also, a lot of my funds are currently tied up in An Post and EBS and I'm waiting for the EBS account to mature (later this month) and my An Post funds to reach their 6 month maturity dates so that I don't lose accumulated interest. Hopefully things won't go south that quickly :)
Click to expand...

AIB will allow you transfer more than 5,000 EUR per day out of AIB in their branch.

It is worth remembering that EBS require a maturity instruction before maturity date or they will automatically roll your term deposit.
 
CiaranT said:
It is worth remembering that EBS require a maturity instruction before maturity date or they will automatically roll your term deposit.
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My understanding is that banks are required to write to you to remind you when a fixed term deposit account is maturing. I have noticed that my local EBS agent does not do this.
 
Warning about DE...

They have given me the wrong account number twice.

Thankfully my money has bounced back into my account, but it's worrying!
 
Hi Godfather,

That sounds great....some questions...:)

Did you open the account by mail? What was the procedure?
How did you navigate the website, do you have a german speaking friend or did you get in touch with an english speaking agent at DKB?
Is this a on demand deposit account, do you need to give any notice to withdraw?
Do you have to open a current account and a savings account, and what are the charges associated with that?
 
UFC said:
Warning about DE...

They have given me the wrong account number twice.

Thankfully my money has bounced back into my account, but it's worrying!
Click to expand...

Considering that you went to Germany to open this account, it is very worrying. Other posters appear not to have received responses to emails etc. I guess that you can get a**e holes working in German banks as well as Irish banks.
 
DublinTexas said:
DKB as Godfather can attest to, does not only require certified copies of document, they require a solicitor/notary public to fill out a form that confirms your identity. Maybe he can share how much he paid for that, but my undertanding is that DKB will refund that fee when you provide a receipt.
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It depends on the solicitor. I paid only 10 Euro, some others can charge between 20 and 30 Euros. ;)

DublinTexas said:
However if I understood my last conversation with DKB correctly (when I tried to change my plain visa card to a miles earning one) they might stop accepting non germans soon as they say, this account is aimed at germans living abroad.
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Ahi! That hurts a lot! :( I just got an email from them and tomorrow I'll call them... I'm crossing my fingers Luck can help me tomorrow...
 
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I got into call with dkb and they asked me a few questions on the reasons why I was opening the bank account. Thank God they were fine with my reasons (that I don't trust neither irish nor italian economy) and they accepted my application. They are processing within the next few weeks pending a couple more approvals. :)

Guys, rush!!!
 
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Godfather, did you pro-actively call them, or is the call part of the application process?

Also, did you get a Notary or just a solicitor to verify your identity? The forms mention Notary but they are far more expensive than a Solicitor, so I was hoping to try just using a solicitor.
 
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