Degussa Bank AG products, services and reviews

About Degussa Bank AG

Degussa Bank AG is a German private bank headquartered in Frankfurt am Main that focuses on “worksite banking,” operating branches at partner company locations and offering a digital platform for customers nationwide. The bank provides standard retail products, including current accounts with debit and credit cards, savings and term deposits, securities accounts for trading shares, ETFs, and funds, consumer loans, and mortgage financing. It also delivers employer-related services such as salary accounts and employee benefits programs, and it markets mobility solutions via partners, for example leasing options. Accounts and services can typically be opened online using standard German KYC procedures, and payments are supported under SEPA with a German IBAN. Degussa Bank is supervised by BaFin and the Deutsche Bundesbank and is subject to EU and German banking regulation, including PSD2 strong customer authentication. Deposits are covered by the German statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken) up to 100,000 EUR per depositor; product-specific terms apply beyond that limit. Pricing follows a fee-based model common in Germany, with account maintenance fees, card and cash withdrawal charges, foreign usage and currency conversion costs, and securities trading commissions depending on the tariff; interest rates on deposits and loans are variable and can change. The bank publishes audited annual financial statements and regulatory disclosures. Relevant risks include the usual investment risks for securities and the coverage limits of deposit insurance; customers without access to a partner-site branch will rely primarily on digital channels and general ATM networks.