New checking account from Consorsbank: Free for young people!

New checking account from Consorsbank: Free for young people!

Consorsbank has introduced a new checking account that is particularly attractive for young adults and customers with regular income. Loud wiwo.de People under 31 and customers who receive at least 700 euros per month in their account benefit from free account management. For everyone else, a monthly fee of 4 euros is due.

The new checking account offers various card options, including a free Visa Debit Card and an optional girocard. Customers also receive the Visa Card Gold Light free of charge, while the regular Visa Card Gold is available for 9 euros per month and includes additional insurance services.

Attractive fee structures

Another plus of the checking account are the favorable conditions for cash withdrawals. Customers can withdraw money free of charge in EEA countries from an amount of 50 euros using their Visa Debit Card; under 50 euros there is a fee of 1.95 euros. Customers can withdraw cash free of charge from Visa ATMs worldwide using their credit card. Cash withdrawals in the supermarket are also possible up to 200 euros without a fee.

At the other end of the spectrum, however, are the fees for cash deposits, which are only possible in ReiseBank branches and cost 9.50 euros per 5,000 euros. Foreign currency withdrawals are subject to a 2.10% fee on the amount withdrawn.

Deposits and insurance

Customers have the option of automatically investing excess credit and thus benefiting from a savings function. Consorsbank offers fully digital management of your account via a user-friendly app that allows numerous customizations.

Comprehensive insurance benefits are available for customers who choose the Visa Card Gold. These include travel health insurance, travel cancellation insurance and rental car protection. In addition, an additional offer protects registered smartphones against theft, robbery and accidental damage, with the insurance coverage valid twelve months after the manufacturer's warranty expires.

Competition in the market

In the tough competitive environment, Consorsbank faces other providers such as N26, Trade Republic, Santander and ING. These companies also offer checking accounts with individual advantages and target groups, which keeps the market for private customers constantly moving.

Overall, Consorsbank's new offering represents an interesting option for many bank customers who value both flexible fee structures and extensive insurance services. Details about the different cards and functions are on the Consorsbank website available.