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

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Just looking through the forms at the moment. Any recommendations for someone to get them witnessed/notarised? I'm anticipating problems finding someone willing to put their signature to a document written in German without a lot of extra expense! Thanks.
 
damson said:
Just looking through the forms at the moment. Any recommendations for someone to get them witnessed/notarised? I'm anticipating problems finding someone willing to put their signature to a document written in German without a lot of extra expense!
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The form requiring the notary/solicitors signature is in english and german, so there should be no problem with it.
 
Thanks DublinTexas. Just see that on the last few pages now. (I'd only looked at the first few pages in German when I posted - should have waited!)
 
Anybody think investing in a cash fund with the likes of Canada Life, is a simpler way of putting cash in a relatively safe place.
Ok, interest will be low, but getting cash in and out of the fund is a simple enough matter, and I guess the fund will be invested in a basket of currencies, consequently hedged against an Irish € implosion, or for that matter a total € implosion.
C Life is triple AAA rated, so would be fairly secure.
PS: I have no connection with CL, but just seeking an opinion as to the logic of this route to put cash in a safe environment, for a short term at least.

R
 
Rujib said:
C Life is triple AAA rated, so would be fairly secure.
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The ratings agencies rated CDOs full of sub prime mortgages AAA as well as places like Iceland before the crash, so I wouldn't believe anything they say!
 
Hi Godfather and others
I've been following this for some time now and I'm delighted to see you got sorted in the end.
If you wouldn't mind it would be really useful to put together one definitive list of steps/things to do/documents you need/things to watch out for etc as over the last 10 pages there have been issues/complications/diversions etc and I'm getting increasingly concerned that I haven't got this sorted yet - would you be willing to put an idiot guide together on how to do this - where best to go etc
Also, If someone doesn't have any German or access to a German speaker, should this route be avoided.

On a futher aside - a friend of a friend opened a non-res account with Rabo in the Netherlands with apparently littel difficulty (though would involve a trip over there) - curious as to why no one seems to be mentioning the Netherlands? - Any thoughts?

Thanks for keeping this up to date.
S
 
On a futher aside - a friend of a friend opened a non-res account with Rabo in the Netherlands with apparently littel difficulty (though would involve a trip over there)
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Shakespeare, I would prefer the Netherlands to Germany. Do you have any further details on this?
 
On rabo in the Netherlands I would suggest that you open a new topic please as that would really really get my interest as well. :)

On DKB what I can say is that I always used google translate in order to understand the various phases and it all looked so clear to me when I walked down the path. Also if you call DKB you can ask to speak with an english speaking rep... But having a german-speaking friend at hand in case they can only speak german could be very useful as one time I got stuck with a german-only speaking rep.
 
Gervan/Godfather
I don't have the detail currently but I'm going to start chasing for info today and as soon as I have any information, I'll be back to share it.
 
To DublinTexas please: on DKB I see no limit to the amount per transaction with the DKB card or am I wrong sorry? So does it mean that if I transfer 30K Euro into the credit card and my credit card gets stolen the money could potentially be spent in one unique transaction sorry? :confused:

Thank you so much for your help in clarifying as I don't have much experience with positive balances on credit cards. :D
 
DublinTexas said:
But again, I don't think DKB will be too hapy if you use the card as savings account as they only make money when you use the card.
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Oh dear, 1.65% was the reason why I am opening this... Let's see if they'll reject my account in time because I'm using it only as savings account. :(

Thank you very much btw for the excellent explanation! So much appreciated!
 
After recently filling out all the paperwork, I was got the letter telling me to call DKB. Unfortunatly I do not speak German (used google translate to do the forms) and did not have a German speaker with me. The guys on the phone had poor english and the call did not really get anywhere. I got a letter about a week later telling me that I could not open an account.

Moral of the story: make sure you have a German speaker with you.


I will probably just go to Germany now and open an account in person with DB
 
Does anyone have any knowledge/experience of [broken link removed] in Cortal Consors/BNP Paribas, or views on the bank itself? Mentioned here in the context of non-resident German accounts:
Other banks offer better rates and can also be similarly opened as non resident, eg here's a very reputable one currently offering 2.1% (for first year), and they'll gladly take your money and handle the a/c for free with no minimum deposits necessary and full and immediate online access to your cash (Tagesgeld).
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cobalt said:
Does anyone have any knowledge/experience of [broken link removed] in Cortal Consors/BNP Paribas, or views on the bank itself? Mentioned here in the context of non-resident German accounts:
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Wow! It looks really really interesting! :)

Thank you very much for indicating it here!!!

If I'll consider opening it I'll let you know for sure! :)
 
cobalt said:
Does anyone have any knowledge/experience of [broken link removed] in Cortal Consors/BNP Paribas, or views on the bank itself? Mentioned here in the context of non-resident German accounts:
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Hi again Cobalt,

I called Cortal Consors and they need me to go to a german post office for the confirmation of ID, the solicitor's stamp isn't available as option as it was with DKB... :(

I've no chance to fly to Germany at the moment... :(
 
Godfather said:
Hi again Cobalt,

I called Cortal Consors and they need me to go to a german post office for the confirmation of ID, the solicitor's stamp isn't available as option as it was with DKB... :(

I've no chance to fly to Germany at the moment... :(
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Funny enough I also checked it out this morning, especially as their current account is offering a free visa card too that has no foreign currency conversion charge whatsover and hence is very interesting.

However they really only allow the identification in the post office as option, so unless you are willing to fly over to Germany to get it done this will not be an option.

Otherwise this is a great find, thanks cobalt.
 
Thanks for the feedback guys. I hadn't got round to investigating it properly myself yet. Pity you can't open it remotely. A day trip to Germany is looking more and more inviting.
 
DublinTexas said:
If it's a state bank (like Sparkasse, Landesbank and their direct banking arms) you deposts are covered without any limit.
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Hi DublinTexas, I'm thinking about moving more money from Italy to DKB as soon as my italian bonds will expire. As subsidiary of Bayerische Landesbank can I come to the conclusion that DKB's deposits are covered without any limit? :confused: Thank you so much for your help on this! :)
 
Thank you so much DublinTexas,

since Ludwig II is not investing anymore Bavarian's money into the dream-castle of Schloss Neuschwanstein (which I love so much btw :D ) I trust very much the Bavarian government :D
 
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