GEFA Bank Overview and Services

GEFA Bank is a German bank that offers a range of services to its customers. It was founded in 1973 and is headquartered in Frankfurt am Main.

GEFA Bank provides financing solutions for various industries, including the automotive, construction, and healthcare sectors. It has a strong presence in the German market.

GEFA Bank has a wide range of products and services, including leasing, factoring, and real estate financing. Its services are designed to meet the specific needs of its customers.

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GEFA Bank was founded in 1994, making it a relatively young bank with a rich history.

The bank's headquarters is located in Pforzheim, Germany, a city known for its long tradition of watchmaking and jewelry production.

GEFA Bank is a direct bank, which means it operates primarily online and doesn't have a network of physical branches.

The bank's focus on digital banking has allowed it to keep costs low and offer competitive interest rates to its customers.

GEFA Bank is owned by the German state of Baden-Württemberg, which has helped the bank maintain a strong commitment to the local community.

As a result of its ownership structure, GEFA Bank has been able to offer a range of products and services that cater specifically to the needs of local residents and businesses.

GEFA Bank offers a range of products and services to cater to the needs of its clients.

GEFA Bank provides investment credits, finance lease, operating lease, rent-to-own, and truck-trailer-rent options to its middle-class clients. These products are designed to support their investment needs.

The bank also offers VAT-funding, full-service vehicle lease, insurance, and loyalty card services to its clients. These services are aimed at making their financial lives easier.

For manufacturers and dealers, GEFA Bank offers a range of financing solutions through the SG Equipment Finance Network. These solutions include sales credits, sales and distribution lease, purchase funding, and rent-park funding.

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The bank's financing solutions are designed to support the business needs of manufacturers and dealers, both domestically and internationally. They offer refinancing and insurance options as well.

Here are some of the key products and services offered by GEFA Bank:

GEFA Bank offers funding in the form of loans for various goods, including transport vehicles, industrial production equipment, and high-tech products.

The organisation has a significant presence in the transport sector, with €1,203 million generated in 2015 alone.

GEFA Bank finances goods from the transport sector, such as trucks, buses, and business jets.

The industrial goods sector also benefits from GEFA's funding, with €435 million generated in 2015.

High-tech products, including hardware and software, office equipment, and biomedical technology, are also eligible for funding.

In 2015, GEFA generated a new business volume of €1,899 million across all sectors.

GEFA Bank is affiliated with the cooperative data center of Fiducia IT AG in Karlsruhe, which provides them with the agree21 banking software for IT operations.

Their partnership with S&N, a company based in Paderborn, is a longstanding and extensive one, highlighting their commitment to collaboration.

GEFA Bank uses a range of software systems, including SAP, MS Office, and Lotus Notes, to streamline their operations.

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GEFA Bank partners with Fiducia IT AG in Karlsruhe, utilizing their agree21 banking software for IT operations.

This software enables efficient and reliable banking operations.

An extensive partnership also exists with S&N, a Paderborn-based company, further enhancing GEFA Bank's technical capabilities.

The technology behind GEFA Bank is impressive. They are connected to the genossenschaftlichen Rechenzentrum of Atruvia AG in Karlsruhe, which provides them with a robust IT infrastructure.

This partnership allows GEFA Bank to utilize the agree21 software, a reliable and efficient banking solution.

GEFA Bank has a long-standing partnership with S&N, a company based in Paderborn, which has been beneficial for both parties.

The collaboration with S&N has been extensive and has led to significant advancements in their technology and operations.

GEFA Bank's technology setup is clearly well-managed, with a strong foundation provided by their partners.

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Integration is a crucial aspect of technology, allowing different systems to work together seamlessly.

The company SAP, for instance, has integrated its software with various other systems, including MS Office, to provide a more streamlined experience for users.

Lotus Notes is another system that has been integrated with various applications, enabling users to access and share information more efficiently.

PSD (CRM) systems have also been integrated with other software to provide a comprehensive customer relationship management solution.

GEFA settlement systems have been integrated with other financial systems to automate and streamline payment processes.

At GEFA Bank, your safety and security are their top priority. They have a robust security system in place to protect your personal and financial information.

GEFA Bank uses state-of-the-art encryption technology to ensure that all online transactions are secure. This includes 128-bit SSL encryption, which is one of the highest levels of encryption available.

They also have a dedicated team of security experts who monitor their systems around the clock to detect and prevent any potential threats. This means you can bank with confidence, knowing that your account is secure.

GEFA Bank has a strict policy of not sharing customer information with third parties, so you can trust that your data is safe with them.

GEFA Bank competes with other online banks in Germany, such as N26 and Comdirect. These banks offer similar services, including mobile banking apps and online account management.

N26 is a popular online bank in Germany, known for its user-friendly app and fee-free accounts. GEFA Bank, on the other hand, offers a more traditional banking experience with a focus on customer service.

Comdirect is another online bank in Germany that offers a range of services, including savings accounts and loans. GEFA Bank also offers savings accounts and loans, but with more personalized support from its customer service team.

In terms of fees, GEFA Bank charges a monthly fee for its basic account, while N26 and Comdirect do not. However, GEFA Bank's fees are generally lower than those of other banks in Germany.

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GEFA Bank offers a range of savings accounts with competitive interest rates, including the "Fixed Savings Account" with a variable interest rate and the "Call Money Account" with a fixed interest rate.

You can open a savings account online or in-branch with a minimum deposit of €100.

The Fixed Savings Account allows you to lock in your interest rate for a set period of time, typically between 6 and 60 months.

Some accounts have a monthly fee of €2, while others are free.

GEFA Bank's savings accounts are designed to be flexible, allowing you to withdraw your money at any time without penalty.

The bank's online banking platform makes it easy to manage your savings account and transfer funds to other accounts.

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