Opening a Bank Account
Before you open a bank account, the following needs to be clarified:
- How high are the bank charges?
- Will you get an overdraft facility and what are the current interest rates?
- Where can you withdraw money free of charge (how many of these machines are located in your area)?
- Will you receive an EC card immediately?
- Can you withdraw money from cash machines as soon as the account is opened?
- How long will it take before standing orders ("Daueraufträge") and direct debit authorisation ("Einzugsermächtigungen", "Lastschriftverfahren") can be processed?
- When can you apply for a credit card and how long will it take to process?
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