A simple step-by-step guide on how to open a bank account in Germany. Open an online Germany bank account and documents required to open a German Bank accountRead More
What is a Girocard?
In principle, it is in the Girocard to old wine in new bottles. The double-occupied name anyway ec card – ec was initially for Euro check and later for electronic cash – was unceremoniously replaced by Girocard. But this betrays far more than just the modern name. Rather, it is the German banking industry is to create a counterbalance to Maestro, a Mastercard debit card system, and at the same time to make their system fit for Europe.
What changes the current card?
For bank customers, ostensibly nothing changes. Instead of the ATM card they receive from their bank since 2007 and gradually the new model. In place of the ec logos also puts the blue logo of Girocard. Additionally can be found on most maps also the reference to the Maestro system. Otherwise, the current card has a magnetic strip and a chip. They are a prerequisite to ensure that money can be withdrawn from ATMs and pay cash. Thus, it is still to debit cards, where all transactions are billed directly by the checking account. For the safety of customers each payment or cash withdrawal with the personal identification number must be released. The electronic direct debit method, in which the signature is enough on the document should be abolished in favor of PIN – especially since there is no credit check when introduced by the trading system and also blocked cards can be used.
Single Euro Payments Area
The functionality of the ATM card so stay as Girocard (whether Maestro and V Pay ) guarantees. More than that: The current card should be in the future part of the Single European Payments Area SEPA (Single euro Payments Area). In the implementation of the entire European banking industry is involved. On the website of the German umbrella organization states: “The goal of SEPA is to all citizens to the possibility to perform payment services in the euro area on the same terms as in their home country.” Concomitantly to the international acceptance of Girocard be improved.To the SEPA area, including the Federal Republic has 32 member states, including the UK and Switzerland.
- Bank Account
- DKB Bank
- ING DiBa
- Noris Bank
- Volkswagen Bank
- Wüstenrot Bank
- Credit Cards
- Free Credit Cards
- Co-Branded Credit Cards
- Airline Credit Cards
- Prepaid Credit Cards
- Credit Card with easy Loan – easyCredit
- Select a Bank Account in Germany
- Open a German bank account
- Freelancers and Self-employed
- Open a Student Blocked Account
- German bank accounts for non-residents
- Bank Cards
- Money Transfer
- Internet Banking