Otto M. Schröder Bank Aktiengesellschaft products, services and reviews

About Otto M. Schröder Bank Aktiengesellschaft

Otto M. Schröder Bank Aktiengesellschaft is a Germany-based credit institution that provides retail and private banking, securities custody and brokerage, and lending solutions for private and commercial clients. As an Aktiengesellschaft, it operates under German banking law and is supervised by the Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank. The bank’s offering typically includes current and savings accounts, term deposits, SEPA and cross-border payments, card services, securities accounts with order execution on major markets, and discretionary or advisory asset management, alongside financing options such as secured loans and mortgages subject to credit assessment. Statutory deposit protection in Germany is provided via the Entschädigungseinrichtung deutscher Banken (EdB) up to EUR 100,000 per depositor, per bank; clients should verify any additional voluntary deposit protection arrangements and current limits directly with the bank. Investment services fall under MiFID II rules, including suitability and appropriateness assessments, ex-ante and ex-post cost disclosures, and periodic reporting; client financial instruments held in custody are generally segregated under German law. Access is via relationship managers and remote channels, with online banking subject to PSD2 strong customer authentication and optional third-party access on client consent. Fee schedules normally cover account maintenance, payment transactions, custody, brokerage commissions, and asset management; minimum investment amounts may apply to mandates. Onboarding requires identification per anti-money-laundering standards, tax self-certifications (FATCA/CRS), and evidence of source of funds; availability to non-residents depends on internal policy. Complaints are handled through the bank’s internal process, and customers may have access to the private banks’ ombudsman scheme if the institution participates. Clients should review the bank’s current price list, contractual terms, risk disclosures, and deposit protection details before opening accounts or using investment services.