Deutsche Bank's Postbank to charge new fees to compensate for negative rates
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[FRANKFURT] Deutsche Bank's retail unit Postbank will begin charging new customers fees to compensate for negative interest rates, a spokesman said on Wednesday.
Postbank will begin charging fees on accounts for cheques from 50,000 euros (S$80,816) and savings accounts from 25,000 euros, the spokesman said.
Deutsche Bank has been seeking ways to generate revenues to compensate the fees the European Central Bank demands to keep bank deposits.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
