200 euros starting credit for a new checking account sounds tempting. But is the change really worth it? We took a closer look at the offer and revealed whether there are hidden costs behind the attractive bonus.
Everything at a glance
- 200 euros starting bonus if money is received regularly in the first 15 months
- Fee-free Visa debit card and Girocard included
- Withdraw cash for free across Europe from 50 euros
- Free account management for monthly inflows of 700 euros or more or for people under 28 years of age
Fees
The Consorsbank Essential checking account* does not charge any account management fees as long as there is a monthly inflow of 700 euros or for users under 28 years of age. Otherwise the fee is four euros per month.
Everything for a 200 euro starting bonus
New customers currently receive a starting bonus of up to 200 euros. When applying for one Essential checking account at Consorsbank* and regular receipts of 1,500 euros per month, you can secure the popular bonus. The bonus will be paid out in 50 euro credits to the new checking account. This takes place in the following month after the conditions have been met: three consecutive monthly cash receipts in the first six months; six consecutive monthly cash receipts in the first nine months; nine consecutive monthly cash receipts in the first twelve months; twelve consecutive monthly cash receipts in the first fifteen months. All private customers who have not had a checking account with the company in the last six months are eligible Consorsbank* have led.
Cash withdrawals
With the fee-free Visa card, customers can withdraw cash free of charge from 50 euros across Europe. There is also the option of withdrawing up to 200 euros in over 9,000 German supermarkets if the purchase value is ten or 20 euros. Exception: Fees from ATM operators are not refunded.
Account opening
Opening an account online at Consorsbank* takes place quickly via video chat or Postident. An automated account switching service supports moving from another bank.
Advantages
- Fee-free Visa card and Girocard
- Free cash across Europe from an amount of 50 euros
- Digital payments via Google and Apple Pay
- Easy account opening and account switching
- Banking app for mobile and digital management
Disadvantages
- Transfers by letter, fax or telephone are subject to a charge
- Fees for larger amounts of cash
Conclusion
The Consorsbank checking account Essential* offers numerous advantages for online-savvy customers, including a free Visa card and no monthly account management costs if the conditions are met.
Compare other checking account providers
*Our news is objectively researched and independently created. To ensure that our information is available free of charge, clicks on links are sometimes compensated. We mark these so-called affiliate links with an asterisk. finanzen.net GmbH receives money, but never the author individually, when readers click on such a link or conclude a contract with the provider. Whether finanzen.net GmbH receives compensation and to what extent has no influence on the product recommendations.
This text is for informational purposes only and does not constitute an investment recommendation. finanzen.net GmbH excludes any claims for recourse. Authors, publishers and the sources cited are not liable for any losses resulting from the purchase or sale of the securities or financial products mentioned in the articles.