Fintech accounts, also called on the web banking accounts, are opened up by persons who are unable to open up an account in conventional banks in Germany due to poor credit worthiness - as determined by the procedure of Schufa checks. Schufa is actually a procedure that finds out how credit worthy a person is. If the experts of a regular bank find that the person is often a risky 1, he is not granted a loan or even an account. This makes folks appear to get a opportunity to Open Account Despite Schufa (Konto Eröffnen Trotz Schufa). Find out what tends to make Fintech account an excellent alternative for a classic banking account.

Safe and correct

There is a correct system followed in giving buyers with an approval - in terms of granting a brand new account. The accounts are kept only within the ‘credit’, which tends to make a course of action for example Schufa irrelevant in any case. Each time a brand new particular person tries to open a brand new account, a unique number or IBAN in the country that the bank is based in. This quantity is recognized all by way of Europe, and in some cases in Germany.

Complete existing account

As this sort of account is totally according to credit, any person can have their personal present account - irrespective of whether it comes to students, adolescents or even youngsters, these with issues of credit worthiness and even these not having a typical earnings. There is certainly no line of credit granted to people who wish to open up existing account in spite of schufa (girokonto trotz schufa) or any account in spite of schufa (konto trotz schufa).

Completely private, yet genuine

When one particular opens such an account, he can open up an actual bank account which can be accessed by any citizen inside the EU. There's no info exchange, as well as the opening of the account occurs to become completely on-line.