Consorsbank is a brand of ''

BNP Paribas BNP Paribas (; sometimes referred to as BNPP or BNP) is a French multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's foremost financial instituti ...

S.A. Niederlassung Deutschland'' with its seat in

Nürnberg Nuremberg (, ; ; in the local East Franconian dialect: ''Nämberch'' ) is the largest city in Franconia, the second-largest city in the German state of Bavaria, and its 544,414 (2023) inhabitants make it the 14th-largest city in Germany. ...

Activities

As a

direct bank A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, mobile app, email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct ...

, Consorsbank offers its full range of products online. They include a current account, with two free

debit card A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either ...

s (one

V PAY V Pay is a Single Euro Payments Area (SEPA) debit card for use in Europe, issued by Visa Inc., Visa Europe. It uses the EMV Smart card, chip and Personal identification number, PIN system and can be co-branded with various national debit card sc ...

and one

Visa Debit Visa Debit is a brand of debit card issued by Visa in many countries. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Debit functionality is often ...

card). Customers can additionally request for a yearly fee a

Visa Visa most commonly refers to: * Travel visa, a document that allows entry to a foreign country * Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Vi ...

credit card (Visa Card Gold), which offers them

credit Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...

and additional benefits such as free ATM withdrawals and payments worldwide, mobile phone insurance and travel insurance. Consorsbank's

saving Saving is income not spent, or deferred Consumption (economics), consumption. In economics, a broader definition is any income not used for immediate consumption. Saving also involves reducing expenditures, such as recurring Cost, costs. Methods ...

products include a

money market account A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. The interest rates paid are generally higher than those of savings accounts and tra ...

, saving plans and

time deposit A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a guaranteed investment certificate in Canada) is a deposit in a financial institution with a specific maturity date or a period to maturity, c ...

s. Additionally Consorsbank offers an online trading platform that lets them trade on financial products from various global markets.

History

In December 2014 Cortal Consors Germany was rebranded as Consorsbank. In November 2016 it absorbed DAB Bank that BNP Paribas had acquired in 2014 with all customer accounts being transferred to Consorsbank.

References

External links

* Banks of Germany {{bank-stub