How to open a bank account in Germany
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 account
Read MoreEnglish Information about Banking in Germany
The payVIP MasterCard GOLD provides lifetime free credit card with up to seven weeks interest free credit period.The card can be used worldwide without any charges at more than 1 million ATMs and over 32 million acceptance locations without foreign assignment fee. Free travel insurance, travel credit and toll-free 24 hour customer service number 0800 880 1120 are included. Your online customer portal can be accessed via the input of mein.advanzia.com on the internet.
(October 2013)
Card fees | |
Annual fee (lifetime) | 0, – |
Foreign transaction fee (worldwide) | 0, – |
Cash withdrawal fees world at the counter / ATM | 0, – |
Card mailing | 0, – |
Card lock | 0, – |
Emergency replacement card | 0, – |
Replacement card / replacement PIN (Personal Identification Number) | 0, – |
Duplicate invoice | 0, – |
Billing | 0, – |
Credit interest rates / costs | |
Debit interest on your purchases (payment of the total bill at maturity) | 0% |
Debit interest on your purchases when using the partial payment option, 19.94% pa effective interest rate (variable and credit ratings) from the transaction, nominal per month | 1.53% |
Borrowing rate for cash withdrawals, 23.70% pa effective interest rate on the transaction date, nominal per month | 1.79% |
Exceeding the credit limit at the time of the monthly bill by more than 3%, but by at least EUR 50, – | 4, – * |
* The customer is entitled to prove that the bank no or a lesser damage
No interest on your purchases will apply if you pay the full amount of the financial statements on or before the date specified in the invoice. Invoices are issued monthly, an amount of at least 3% of the total invoice amount (or at least 30 €) is due on 20th of each one month. Overall, there is an up to seven weeks interest free payment for your purchases.
Take advantage of the part payment option, with a monthly interest of 1.53% with effect from the date of the transaction. Cash withdrawals are free of charge worldwide, however this will bear interest from the date of payment, currently 1.79% per month, so far there is no interest-free payment ..
If you pay at least 50% of the total transportation costs with an approved transport company with the payVIP MasterCard GOLD, you get free travel insurance. You and up to 3 other fellow passengers are insured for a period from 2 to 90 days. It contains among other things a trip cancellation and travel insurance with trip interruption. The insurance is valid for the European Union residents.
The below information is intended as an overview. The detailed conditions of insurance can be found at the bottom of this page.
Insurance | Maximum sum insured |
Luggage Insurance | € 2,500 |
Baggage insurance, total for all travelers | € 3,000 |
Delayed baggage | € 250 |
Overseas Health Insurance | € 1,000,000 |
Travel Accident Insurance | € 40,000 |
Travel liability insurance per occurrence | € 350,000 |
Rice cancellation insurance per occurrence | € 3,000 |
Age restrictions for insurance
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 account
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