Kommunalkredit Austria AG Zweigstelle Deutschland products, services and reviews

About Kommunalkredit Austria AG Zweigstelle Deutschland

Kommunalkredit Austria AG Zweigstelle Deutschland is the German branch of the Austrian credit institution Kommunalkredit Austria AG, a specialist lender focused on infrastructure and energy/project finance. The branch serves primarily as a distribution point for retail funding in Germany, offering standardized deposit products—most commonly fixed-term deposits with several maturities—accessed online with remote identification and SEPA transfers from a reference account. It does not operate as a universal bank for consumers: no current accounts, cards, or payment services beyond what is needed to fund and redeem deposits. As an EEA branch, prudential supervision and deposit protection are anchored in Austria; eligible deposits are covered by the Austrian statutory deposit guarantee scheme (Einlagensicherung AUSTRIA GmbH) up to the EU-mandated limit of 100,000 EUR per depositor and per bank, with conduct oversight in Germany by BaFin/Deutsche Bundesbank in scope areas. Interest rates and maturities are subject to change and published by the bank; early termination of fixed terms is typically not permitted except in legally defined hardship cases. Account opening is limited to adults meeting the bank’s residency and identification requirements, and customer service is available in German (and often English) via online channels; the bank provides product documents, terms and conditions, and a schedule of fees for ancillary services, while standard deposit accounts generally do not carry maintenance fees. Interest income is taxable in Germany; withholding may not be applied at source, so customers remain responsible for declaring and paying any due taxes. Operationally, funds are held and repaid in euros via SEPA; transfers are restricted to the verified reference account to reduce fraud risk. As a funding arm of a specialized lender rather than a full-service retail bank, the proposition is narrow and transactional, and prospective customers should review the latest product sheets, identification requirements, deposit insurance information, and complaint-handling procedures before opening an account.