Commerzbank’s surprising decision to close onvista bank is causing uncertainty among customers. What does this mean for existing depots and what steps are required now?
This article is part of a 4-part series: Part 1 – Part 2 – Part 3 – Part 4
No automatic depot change
With the closure of onvista bank, customers have to take action themselves. Unlike in comparable cases, Commerzbank is not planning an automatic transfer to a securities account within its own group. This means: Depot customers are required to find a new broker and organize the portfolio change themselves.
What happens to your portfolio?
Many customers have already received cancellation letters and are now faced with the question of what alternatives there are. Choosing a new online broker depends heavily on individual preferences: Should it be a provider with particularly favorable conditions or one with a wide range?
New opportunities for investors
onvista bank has long been known for its low fees. But there are now providers who are even more attractive in terms of both costs and services.
On the next page you will find an overview of the best alternatives and learn how to choose the perfect broker for your needs.
Next page: Cheaper than onvista bank – The best brokers in a cost comparison
