PEAC Bank products, services and reviews

About PEAC Bank

PEAC Bank is a Germany-licensed institution focused on asset-based and equipment finance for small and mid-sized businesses, complemented by retail and corporate deposit funding. It operates primarily through digital and partner channels rather than a traditional branch network, and its public-facing product set typically centers on fixed-term deposits offered in euro, sometimes accessible via third-party deposit marketplaces in selected countries. Account opening and servicing are online, with standard identity verification procedures; eligibility, minimums, term options, and interest payout schedules vary by market and distribution channel. As a German bank, it is supervised by BaFin and the Deutsche Bundesbank, and eligible deposits are protected by the German statutory deposit guarantee scheme up to €100,000 per depositor per institution; coverage limits, currency exposure, and cross-border access should be reviewed by prospective customers before funding. Early withdrawal from term deposits is generally not permitted, and breaking a term—if allowed—can reduce or eliminate interest. The bank’s core business remains commercial leasing and vendor financing, so it does not position itself as a full-service retail bank and does not typically offer everyday checking, cards, or payments to the general public. Financial statements are published in annual reports, but third-party credit ratings and broad consumer benchmarking are limited, making product terms, counterparty protections, and funding arrangements the key factors to evaluate when comparing PEAC Bank to alternative deposit takers and specialist lenders.