Abstract:With branches and offices in over 50 countries, Commerzbank is an international commercial bank that was founded in 1870. It has its headquarters in Frankfurt, Germany and the two main business segments catered by Commerzbank are private and small-business customers and corporate clients, offering a diverse portfolio of financial services. In total, Commerzbank serves more than 18.8 million private and small business customers, as well as more than 70,000 corporate clients, multinationals, financial service providers, and institutional clients.
General Information& Regulation
With branches and offices in over 50 countries, Commerzbank is an international commercial bank that was founded in 1870. It has its headquarters in Frankfurt, Germany and the two main business segments catered by Commerzbank are private and small-business customers and corporate clients, offering a diverse portfolio of financial services. In total, Commerzbank serves more than 18.8 million private and small business customers, as well as more than 70,000 corporate clients, multinationals, financial service providers, and institutional clients.
Products & Services
Commerzbank provides a wide range of products and services to its customers, which includes cash services (moving money and securities), trade services (financing trade), market products (hedging risk) and banking products (raising debt).
Account Types
Customers can choose from the following bank accounts: Free current account for individuals and partners (Kostenloses Girokonto), Free current account for pupils, students and apprentices (StartKonto) with additional perks and free Visa credit card, Classic account (Klassik Konto) for €4.90/month, which includes personal services in branches (e.g. cheque cashings and cash withdrawals at a clerk) and MasterCard debit, as well as Premium account (Premium Konto) for €12.90/month, which includes personal services in branches, MasterCard and Visa card credit (each with 25 free yearly cash withdrawals abroad) and travel insurance package.
Deposit & Withdrawal
The free account (Kostenloses Girokonto) offers free card payments in Germany and within the Eurozone. Online and mobile banking (i.e. transfers, standing orders) are for free. It also offers unlimited free cash withdrawals at Cash Group ATMs in Germany, as well as unlimited free cash deposits at Commerzbank cash deposit machines. The Premium account (Premium Konto) includes free card payments worldwide in other currencies than Euro payments are subject to a transaction fee of 1.75%. It offers free cash withdrawals at ATMs worldwide (25 free withdrawals included with each card – MasterCard/ Visa).
Trading Hours
Clients can have access to Commerzbanks products and services Monday through Friday from 7-19 CET/ UTC +1.
Customer Support
The free account (Kostenloses Girokonto) provides customers with personal contact in branch and 24/7 hotline.
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