DKB charges negative interest over 50,000 euros



Berlin-based direct bank DKB, actually popular with younger and thrifty customers due to its low costs, is reducing its provision for negative interest. A spokesperson confirmed the corresponding information to the FAZ on Thursday. New customers will be charged a 0.5% custody fee on checking and overnight accounts for balances over $ 50,000 from September 1, he said. Previously, the compensation was 100,000 euros.

Existing customers will also no longer be spared from negative interest rates. In the coming days, the bank will contact customers with particularly large deposits to agree on a deposit fee with them.

Due to falling interest margins and a significant increase in deposits, the bank spokesperson said it was forced to pass the negative interest rate of the European Central Bank on to customers more. . More recently, Commerzbank and Postbank lowered the negative interest limit to 50,000 euros. ING direct bank, a major competitor of DKB, announced the move in November.

Michael Ermrich, chairman of the Association of East German Savings Banks, said in an interview with Bloomberg a few days ago that he expected the industry trend to charge fees on-call duty continues while lowering exemption limits.

Stuttgart banking professor Hans-Peter Burghof had even expressed the opinion that it might be the most honest solution if the banks charged negative interest to everyone without allocation instead of turning the screw on several. times on costs. Alternative Bank Switzerland, once one of the pioneers of negative interest rates, recently embarked on this path.

According to figures from the comparison portal Biallo, 520 establishments in Germany now charge negative interest to customers, of which 483 banks and savings banks also charge private customers.



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