FIL Fondsbank GmbH products, services and reviews

About FIL Fondsbank GmbH

FIL Fondsbank GmbH (FFB) is a German custody and transaction platform for investment funds operated within the Fidelity International group, providing depot accounts and execution services for private clients, financial advisers, and institutional partners. The platform focuses on the safekeeping and administration of fund units across a broad range of third-party asset managers as well as group products, with core functions covering order routing and settlement, savings plans, corporate actions handling, distributions and reinvestments, online reporting, and German tax withholding and documentation under the current Investment Tax Act. FFB primarily distributes via intermediaries, and pricing depends on the chosen partner model and tariff, typically including custody fees, order and exchange/foreign currency costs, and fund-level charges; both commission-based and fee-based arrangements are supported, with retrocession handling set by contract. It is supervised by BaFin and the Deutsche Bundesbank; client fund units are held as segregated special assets (Sondervermögen) outside the bank’s insolvency estate, while cash on settlement accounts is subject to statutory German deposit protection within the applicable scheme and limits. Digital onboarding and account management generally use standard German identification methods (such as PostIdent or video identification) and strong customer authentication for online access. The product scope is centered on regulated investment funds (UCITS/AIF); it is not positioned as a full-service broker for individual shares, derivatives, or banking services such as current accounts, cards, or lending. Reporting includes annual tax certificates, cost disclosures under MiFID II, and adviser/institutional interfaces for data and order flow; cut-off times, execution venues, and transfer agents depend on the specific fund. Availability is oriented to clients eligible under the bank’s onboarding policy, with cross-border services restricted. As a subsidiary within an asset management group, FFB publishes conflict-of-interest and best-execution policies; prospective clients should review the current terms and conditions, fee schedules, and any partner-specific arrangements before selecting a custody model.