Comdirect Review & Rating

Start Banking with Comdirect Today
Please check all terms and conditions.

Comdirect is a German established bank that was founded in 1994 as a subsidiary for Commerzbank. With headquarters in Quickborn, Germany, Comdirect has been serving the financial services 2.7 million of customers that are efficient and intelligent and enables them to carry out their banking transactions anytime, anywhere and through online banking, just in one click. Their main focus is on the needs of technology dependent customers and provide them with faster banking solutions. They provide an extensive range of products and services along with bank accounts, online brokerage and several types of credits and loans. There is a broad range of securities services and it is best for both newcomers and experienced traders.

Investment Types

Comdirect offers a wide range of assets for trading to its customers. This includes trade in markets, shares, Funds, ETFs, bonds and stocks.

• Markets

  With Comdirect, customers get an access to many global markets and get to trade in the one best suited to their needs. It offers around 27 stock markets. Some of the available markets include the stock exchange market of Australia, Sydney exchange, Euronext Paris, London Stock exchange and many more.

• Funds

  The fund specialists have selected 25 funds from 11 asset classes for their customers and there is a great mutual fund selection at Comdirect and major fund providers which include, Morgan Stanley, Vanguard, BlackRock and Fidelity. These funds are flexible and inexpensive, offering 100% discount on the regular issue surcharge in the one-time investment from 250 euros and 25 euros monthly in the savings plan.

• Bonds

  There is an extensive range of around 30,000 bonds and their target selection is based on personal criteria with the bond finder. The interest payment for these funds is either fixed, variable or structured.

• ETFs

  More than 1,000 ETFs are now traded in Germany and Comdirect also offers trade on ETFs to their customers. They provide large investment variety with 140 ETFs in various markets. Their range includes ETFs from Amundi, Franklin Templeton, Lyxor, iShares, VanEck and Xtrackers. All of these are inexpensive, mainly 3.90 euros per purchase in one time investment.

Start Banking with Comdirect Today
Please check all terms and conditions.

Account Types

With Comdirect, customers get to benefit from 4 different types of account, each having its own assistance and offering that they can choose from as per their requirement. These account types are as following:

• Checking Account

  This account comes with many benefits and Comdirect provides many reasons to choose this account type. Checking (current) account is opened immediately and without long paperwork. Account management is free and customers get free debit and credit cards. Through this account all banking processes can be handled online via an app which can be accessed through mobile phone. There is a fee free ATM withdrawal in almost 9,000 ATMs in Germany. It comes with additional features of €0 monthly fee, two free cards, a chance to earn up to 2% cashback on small purchases on the Visa card and over drafting facility may be available at a typical rate of 6.5% per annum.

• Basic Account

  With basic account, clients can transfer money or have it debited and withdraw cash with the help of machine. With again no ATM fee across 9,000 ATMS, basic account also gives a free girocard. This is account is best for standing orders, direct debits and cash deposits. Customers have a full control over their finances as the account operates on credit bases and is best for those without another payment account. Moreover, the account management is 1.90 euros per month.

• Joint Account

  This account is best for those who want to equally share their banking processes. The account management for this account is free and it comes with two free cards. Cash can be withdrawn free of cost and each account holders get to access the credit with their own logins. Payment can be contactless, either with the card or mobile with Apple pay or Google pay. This account comes with an optional Visa card that enables customers to earn up to 2% cashback on small purchases.

• JuniorGiro Account

  With this account now children between the age of 7 to 18 years old can save up their pocket money with an option to dispose of their own money independently and anytime. Account holders get a free Girocard with a cool design over it and cash withdrawal is free worldwide. This account comes with adjustable limits of transfers and a comdirect Mobox, that is a free app for JuniorGiro that allows account access on their smartphones.

Start Banking with Comdirect Today
Please check all terms and conditions.

Loans and Financing

Whenever it comes to loan purchases, Comdirects loans are fair and inexpensive. Customers offers wide range of loans to its customers which are as following:

• Installment Loans

  These loans are given out with a net loan amount of 5,000 to 50,000 euros and a running time of 12-120 months. The debit interest is born from 2.86% pa and the annual rate is 2.9% pa.

• 3 Rate Service

  With 3 rate service, customers get to pay their Visa card payments in 3 monthly installments. The net loan amount is from 300-10,000 euros with a fee of 4.90 euros to 19.90 euros.

• Mortgage Lending

  This starts from a net loan amount of 50,000 euros and running time of up to 30 years.

• Securities Loan

  With these clients borrow securities in their custody account and get to fulfil wishes on their favorable terms. The amount and running time are subject to the securities borrowed and the debit interest is 3.9 pa.

Why Comdirect?

Comdirect is one of the best choices if you’re looking for banking as well as trading services. There are very few options available if customers want both of these option under one roof. It comes with many benefits which includes different account types and loans types to choose from along with many investment types. Its not only for the professionals but students are equally catered by proving a JuiniorGiro account. The management fee is zero and no minimum deposit is required. Another thing unique to comdirect is that they allow fast and contactless payments which includes Apple pay and google pay.

Verdict

Comdirect is a fully licensed bank which safeguards €100,000 of their customers money through the German government’s Deposit Guarantee Scheme that ensures that your money is in safe hands. With so many of its benefits, its disadvantages go hand in hand. It does not allow any business account to link with the checking account and account opening is a bit complicated for Non-German and Non-Austrian residents. Moreover, the phone support is slower and there are no live chat options for better customer assistance. None the less, despite these pitfalls, Comdirect is providing so much more to its customers with its extensive range of products and exchanges and full security of their money.

Overall Online Finance World Comdirect Bank Rating

★★★★★

Start Banking with Comdirect Today
Please check all terms and conditions.