Comdirect Bank Banking Services and Products Overview

Comdirect Bank offers a wide range of banking services and products to cater to various customer needs.

Their services include online banking, mobile banking, and phone banking, allowing customers to manage their accounts and conduct transactions from anywhere.

Comdirect Bank also provides a variety of accounts, including current accounts, savings accounts, and youth accounts, each with its own set of features and benefits.

Their current accounts come with features such as direct debit, standing order, and internet banking, making it easy for customers to manage their finances.

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You can manage your checking account online or through the Comdirect Mobile App on your tablet or smartphone. This allows you to stay on top of your finances from anywhere.

Transfers can be confirmed using PhotoTAN, mobileTAN, or iTAN list, all of which are offered free of charge by Comdirect. This provides you with flexibility and convenience when managing your account.

Online money transfers within the Euro zone are free of charge, making it a cost-effective option for international payments.

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The Checking Account is a full German bank account suitable for international payments. It's a great option for those who need to send money abroad, as transfers can be made by phone or online at low rates.

You can transfer in USD, CHF, GBP, and more than 20 other currencies. This makes it easy to manage your finances across borders.

Online money transfers within the Euro zone are free of charge. This can be a significant saving for those who frequently send money to other countries in the Euro zone.

The checking account can be managed via online banking on your computer or via Comdirect Mobile App on tablets and Smartphones. This makes it easy to stay on top of your finances on the go.

The smartPay app allows you to take pictures of invoices and remittance slips, saving up to 80% of your time. It's also more fun than manually entering the data!

Transfers can be confirmed by PhotoTAN, mobileTAN, or iTAN list, depending on what's most convenient for you. Each of these methods is offered free of charge by Comdirect.

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The Comdirect Girocard is a popular choice in Europe, and you'll get it automatically when you open an account.

It's a debit card that lets you make payments immediately from your checking account.

Payments using the Girocard are settled once a month with your checking account, but until then, they're interest-free.

The acceptance of Girocards is higher in Europe, especially in Germany, compared to credit cards.

In the USA, however, the Girocard is not widely accepted, so if you're planning a trip there, it's best to order a Visa Card at account opening.

In Germany, the Girocard is a convenient option since you can make most payments with it and withdraw cash free of charge within the Euro zone.

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You can open a Comdirect account from the USA, but you'll need to have a good grasp of the German language, as there's no English offering at the bank.

The bank is open to opening accounts for German-speaking people worldwide, regardless of nationality. This means if you're from the USA and can communicate in German, you're eligible to open an account.

To open a checking account, you'll need to have at least an average creditworthiness rating, which is a standard requirement for most banks.

If you're unable to meet the creditworthiness requirement, you can open a savings account, such as the Comdirect Tagesgeld Plus, without a credit check.

Here are some scenarios where opening a Comdirect account from the USA might be worth considering:

At comdirect bank AG, the management team is led by CEO Manfred Knof, who has been in the role since 2020. He's 59 years old and has been with the company since 2020.

The management team is responsible for various areas, including Corporate Development & Strategy, Human Resources, Risk Management & Compliance, Auditing, and Corporate Communications. This is in addition to Finance, Controlling & Investor Relations, Information Technology, Legal, Data Protection & Organisation, and the onvista bank back-office division.

One of the key members of the management team is Frauke Hegemann, who has been with comdirect since 2018. She initially performed her duties as a designated Member of the Board of Managing Directors in the capacity of Chief Representative, and later became the Chief Operations and Chief Human Resources Officer in 2019.

Matthias Hach is another important member of the management team, responsible for Marketing, User Interface, Treasury & Business Partners, Information Security & Outsourcing Management, Home Loans & Provisioning, Customer Management, and the Banking and Brokerage departments.

Here's a brief overview of the current management team:

Sabine Schmittroth is also a member of the management team, serving as a Director/Board Member since 2012. She's 59 years old and has been with the company since 2012.

Overall, the management team at comdirect bank AG is experienced and well-equipped to lead the company forward.

Expand your account with further products to get the most out of your banking experience.

Comdirect offers a range of additional banking products that you can add to your free checking account. You can choose from a savings account, savings plans, or an investment account in various currencies, including USD.

The investment account is a great option for those who want to diversify their investments. Comdirect's investment account allows you to purchase stocks or investment funds at the world's stock exchanges.

If you're looking for a more secure way to manage your finances, consider adding a securities account to your account. Just keep in mind that this option is not available to US taxpayers.

Alternatively, you can also opt for an overdraft facility, which can be especially helpful for those who receive regular salary payments. This way, you can avoid overdraft fees and have more control over your finances.

Here are some additional products you can consider:

As a Comdirect customer, you get some great perks. You can open a free online checking account with a German IBAN and BIC.

Comdirect's online checking account is a convenient feature that lets you manage your finances digitally. This account is linked to your Visa card, which you can get according to your creditworthiness, with either a credit line or prepaid option.

You can withdraw cash free of charge in the USA using your Visa card, and within the Euro-zone using your Girocard. This is especially useful when traveling abroad.

Comdirect also offers a Girocard, which is a debit card linked to your checking account. This card is perfect for everyday purchases and withdrawals.

Here's a summary of the free features you get as a Comdirect customer:

Comdirect Bank is a subsidiary of Commerzbank, often referred to as the "mother bank". This relationship provides customers with advantages, including access to a broader range of financial services.

Comdirect's connection to Commerzbank also means that customers can take advantage of the mother bank's expertise and resources, potentially leading to better service and more comprehensive financial solutions.

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Commerzbank Inlandsbanken Holding GmbH acquired the remaining 9.71% stake in comdirect bank AG for approximately €170 million. This acquisition was completed on November 1, 2020.

Comdirect bank AG reported its earnings results for the second quarter and six months ended June 30, 2020. The report highlighted the bank's performance during this period.

Commerzbank Inlandsbanken Holding GmbH had previously entered into a letter of intent to acquire the remaining 9.71% stake in comdirect bank AG on March 15, 2020. This move was part of Commerzbank's overhaul plans.

Comdirect bank AG was dropped from the Germany SDAX (Total Return) Index on January 7, 2020. This change affected the bank's listing and status within the index.

Commerzbank Inlandsbanken Holding GmbH acquired a 17.37% stake in comdirect bank AG from Petrus Advisers LLP and others on January 8, 2020. This acquisition marked a significant milestone in Commerzbank's takeover plans.

Here is a summary of the key dates related to Commerzbank's acquisition of comdirect bank AG:

Analysts have consistently provided neutral recommendations for Comdirect Bank AG. COMDIRECT BANK AG's stock has received a neutral rating from Bankhaus Lampe since 20-07-17.

Warburg Research has also maintained a neutral stance on COMDIRECT BANK AG, with their most recent rating coming on 20-02-05. They initially recommended buying the stock on 19-09-23 but later revised their opinion to neutral on 19-09-25.

Here's a summary of the analysts' recommendations:

Warburg Research has also reiterated their neutral rating for COMDIRECT BANK AG on 20-01-22, further emphasizing their cautious stance on the stock.

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Comdirect bank AG is a subsidiary of Commerzbank Aktiengesellschaft, with 80% of its shares owned by the latter. The remaining 20% is traded on the German stock market.

The bank's ISIN is DE0005428007, which allows customers to buy stocks and become shareholders, receiving a yearly dividend if the bank makes a profit.

Being a subsidiary of Commerzbank has its advantages. Customers can deposit cash free of charge up to three times a year at Commerzbank counters or machines in Germany, with a fee of €1.90 charged from the third time onwards.

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The Commerzbank also has a banking license in the USA, which saves customers fees when transferring money between Germany and the USA.

Here are some key dates related to Comdirect bank AG's recent news:

Note: The above list only includes a selection of key dates and is not an exhaustive list of all news related to Comdirect bank AG.

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Comdirect offers a free German trading account that lets you purchase stocks or investment funds at the world’s stock exchanges.

You can use this account to buy stocks.

Comdirect's trading account is a great option for those who want to start investing in the German market.

If you're interested in learning more about trading accounts in Germany, our overview of German online broker accounts is a good place to start.

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