When checking account? Who checking account? We clarify!

How, who, when checking account? Everything about the account

Do you actually need a checking account? And if so, for what? And how do you open such a one? When checking accounts, who checking account, why and where you can open an account – we clarify important questions about the checking account. In addition, we will give you the essential criteria that you should take into account when choosing a suitable financial institution. After all, you want to get the best out of yourself, right?

When do you need a checking account?

When do you need a checking account?

At the latest when you start your first job, you have to give your employer an account to which he can transfer your monthly salary. But you also need a checking account if, for example, you want to shop online and pay cashless in the shop or restaurant. Regular liabilities such as rent, telephone or electricity costs are nowadays settled exclusively cashless in the form of standing orders or direct debit through the current account. Likewise for children, a checking account already offers: They learn how to handle money and what opportunities there are to save. Pocket money or the payment of a first holiday job can then already flow into the current account.

Who can open a checking account – are there any conditions?

Many young people or new customers often ask themselves, who can actually open an account? Basically anyone can open a free checking account. For some banks, you have to meet different requirements. These may include:

  • Residence in Germany
  • majority
  • Regular minimum deposit
  • No negative entries in the Schufa

Important: The conditions differ from bank to bank. For example, in the case of the 1822direkt, a free checking account is not tied to any conditions, such as a salary or pension receipt. Even without a minimum deposit, you can open an account. However, if such takes place at least once a month, the checking account is free of charge for you. Otherwise, minor account maintenance fees will apply.

Good to know: Under certain conditions, you will not only receive a free checking account. Some banks even reward you with a starting balance when you open an account.

And how do you open a checking account now?

And how do you open a checking account now?

The opening of an account at an online bank is particularly uncomplicated over the Internet. On the pages of the respective direct bank, you will usually find a link to a registration form. A PostIdent document is created to record your identity. It is necessary that you go with the requested documents to the nearest post office. By checking your ID, an employee confirms your identity there and sends it to the bank along with the required documents.
Alternatively there is the VideoIdent procedure. In this case, you legitimize yourself via a webcam on your smartphone, tablet or PC and your identity card.

Whenever you open a checking account, you should pay attention

Whenever you open a checking account, you should pay attention

As mentioned earlier, different banks offer different terms when you open an account. In any case, a comparison is worthwhile to get the best out of it. Pay attention to the following criteria:

  • Offer a credit on account opening?
  • Free account management possible?
  • Is cash withdraw free?
  • How good is the bank’s ATM network in Germany and Europe? At how many machines can you conveniently withdraw money?
  • How much is a credit line possible and what is the interest rate?
  • Is the bank up to date and offers, for example, the possibility of photo transfers?
  • Is there a free credit card to the checking account?

What suits me best? The 1822MOBILE checking account? *

How to deposit and withdraw money?

How to deposit and withdraw money?

How to pay in
When you open an account with a direct bank, you can deposit money in the branches, such as the savings banks.
Tip: Ask in advance to save yourself unwanted costs – sometimes there are fees for depositing.
Of course, you also have the option of transferring money to your account via online banking at any time.

How to withdraw money
Most direct banks now offer their customers the option of an ATM search via apps. How it works? Just enter the location and let the App display the nearest ATM. This is especially useful if you are traveling in a city where you are unfamiliar. If you use the app of your bank, you will usually see the same at which machines withdrawing money is free. You should be aware of this because you may be charged at certain ATMs or abroad.

Withdraw money – how much?
Of course, you can withdraw money both domestically and abroad with your checking or credit card. Regarding the possible amount of the sums to be withdrawn, the rule is: With the girocard you have a limit of 1,000 euros per day and 2,000 euros per week. But even that can vary from bank to bank.

When checking account? Who checking account? Key facts at a glance

  • When checking account? Whenever you want! If you choose to book from an online bank, you do not even have to stick to official opening hours to open an account.
  • Who checking account? A checking account can basically open, depending on the bank’s requirements. A special offer is, for example, the current account for students or students, which offers special services. These include, for example, a free current account up to 26 years or the option of a free credit card. Incidentally, a current account can already be set up for this with the birth of a child – a good opportunity to financially provide for the offspring or to teach them how to deal with money in good time. In addition, the 1822MOBILE current account provides modern banking for a digital affine customer group.
  • Where checking account? When you open your account at a direct bank, everything is digital. This means for you: Account opening, account management or the account change to a new bank can easily be made from any location. In addition, online banks often offer better terms than house banks.
  • How checking account? Depending on the bank, via PostIdent or VideoIdent procedures.
  • Why checking account? For making transfers, receiving payments (eg salary payments), setting up standing orders, withdrawing cash, using a credit line

Encourage investers to recieve their fund online

The Confederation of Employers of Malaga (CEM) to facilitate financing on favorable conditions to companies based in the province with the aim of encouraging investment, encouraging foreign trade and supporting expansion and the development of strategic projects of the business sector of Malaga and province.

Thus, it enables a financing line of 700 million euros aimed at more than 45,000 self-employed and small and medium-sized enterprises (SMEs) and 100 associations that are part of CEM and, in addition, puts at your disposal an offer of financial products and services specific to facilitate their activity, as well as microcredit to promote self-employment.

The renewal of the agreement, signed by the presidents of Unicaja Banco, Manuel Azuaga, and CEM, Javier González de Lara, reinforces the relationship between both entities “for years aimed at achieving the common objectives of favoring the business fabric, facilitating the economic boost and support the employment of Malaga and its province “.

The company in general, and the SME in particular, according to the entity, “continue to be one of the key groups in the financing policy of Unicaja Banco, especially in regard to Andalusia and, specifically, to Malaga.” In this regard, they have highlighted in a statement that one of their “priority business axes is the financing of companies, which is crucial for boosting the economy and creating jobs.”

The collaboration agreement includes specific financial products and services under advantageous conditions aimed at satisfying the needs of companies and independent professionals in Malaga and the province.

In addition, the new agreement also includes a line of microcredits aimed at promoting self-employment through the granting of online loans paydaynow.net, entrepreneurs or professionals with viable projects. They will have an amount of up to 25,000 euros that can finance up to 90 percent of the submitted project.

The renewal of the agreement undergoes an evolution

Financing

 

the products and services offered by Unicaja Banco in the companies segment, based on three axes: specialized service in price, the range of products and technology, they have sustained. In particular, employers who are part of CEM may benefit from services under advantageous conditions such as the passive product, the Professional Zero Business Plan, the Autonomous Zero Professional Plan, as well as the treasury management for self-employed workers and companies through accounts. , investment funds or private banking.

Also of operations of financing of companies: services ‘Financioning’, financing for circulating, for investment in new projects, foreign trade, ICO 2018 lines, or microcredits and the first loan company for the promotion of self-employment through viable initiatives. Other products are the channeling of investments, payment of taxes, the supply of real estate, foreign trade, foreign exchange, digital banking, insurance and pension plans, and so on.

The Confederation of Businessmen of Malaga integrates to SMEs and autonomous of the province, the majority group in more than a hundred of sectoral organizations, that surpass the 45,000 highs in the Tax of Economic Activities (IAE). Among its missions is to promote relations between financial institutions and the productive fabric of Malaga to facilitate the normal development of its activity.

“Unicaja Banco has maintained a close collaboration with CEM since its founding origins, having subscribed in previous years financial agreements to facilitate financing to Malaga companies under preferential conditions,” they recalled.

Housing shortage – How cities worldwide create housing

Inspiration from Tokyo, Berlin, Singapore

Untapped living tradition in Japan

Untapped living tradition in Japan

There is a living concept in Japan that saves space and energy and recycles resources. It could be a model for the future. But the country has dropped this concept, which has developed over centuries, in the post-war years.

In the traditional Japanese residential house, rooms have no function assignment. There is no sleeping, dining or children’s room. And no furniture – except perhaps in one room a low table and in another a dresser. The floors are tatami mats made of rice straw, where people eat, read and do homework on cushions. To sleep, you get the futons from the closets, of which there are many in the traditional house. This turns the dining room into a bedroom within seconds. That’s why the Japanese traditionally need less space than we Europeans. In the small houses lived mostly three generations under one roof.

In the Edo period until 1868, a time of strict class society, there were regulations in Japanese cities about how large the buildings should be that members of different classes build. This should save space and heat energy. In addition, all the houses had to be south facing and have a veranda. Especially in the big cities of Tokyo and Osaka with their sunny winter months, this also helped to save energy.

This modern-looking home idea has given up Japan in the postwar period. Gradually, all traditional houses are demolished. They have to give way to prefabricated houses from companies like Panasonic and Toyota, or they are building large blocks of flats. The Japanese call “Apato” tiny, poorly-built studios of mostly 28 square meters. Today a lot of single young Japanese people live in an Apato. These houses are hardly isolated and must therefore be strongly heated in winter, cooled in the summer with plenty of electricity.

Co-living space in Berlin

Image result for co living space berlin

Living in the hippest part of the capital, with a modern kitchen and a luxurious roof terrace – and for a few hundred euros rent a month and also indefinite. So one should be able to stay in Berlin soon. The only catch: one lives very closely. For sleeping, there is only a kind of niche with a shelf, in which fits the essentials. The rest are common areas, laundry facilities, storage space. “Pod-Living” is the somewhat silly name of the model, a mixture of dorm, shared apartment and Japanese capsule hotel with bunk beds.

The whole thing is still in progress. The start-up Robin Hood is currently in the process of renting a large commercial property in Neukölln in order to rebuild it. No details are yet to be revealed, how many berths will be available and what exactly they should cost. Only so much: The interest is enormous, on the waiting list have already registered 2000 people. They are people who actually make up the character of Berlin, artists, creative people, students, young immigrants, but who find it increasingly difficult to find a permanent home in the city.

Dennis Prinz, founder of the start-up, could be one of them. He has studied acting, lived here and there, curated this and that until eventually he moved to Berlin, “the most exciting city in the world”. In recent years, he has himself experienced how living space has become ever scarcer and more expensive. People like him, he says, would set themselves up in a state of persistent intermediate rent, “four weeks in an airbnb, then two weeks with friends on the sofa and another three weeks in the hostel.”

In pod-living you should be able to check in and out via an app within hours, but you can also stay permanently, says Prinz. He has founded a co-working space in Neukölln, a community office where you can rent for weeks or even by the hour. Now he transfers this form of urban nomadism to living. He works with the district, which is open to the model.

Vertical villages in Singapore

Vertical villages in Singapore

In the heart of Chinatown, the “Pinnacle @ Duxton” stands out in the sky. Five high-rise towers, which are connected at the top by wide bridges, so that a large sky garden is created, with chairs under trees and best view over the entire island on the waterway of Malacca. The building can easily keep up with all the other innovative buildings that shape Singapore’s skyline. But in homes like the Pinnacle, there are no private investments. Rather, it is a showcase public housing project that offers four out of five Singaporean citizens a rather small but always comfortable home. “HDBs” is the name of the housing units in the local jargon, according to the authority that plans and manages them, the Housing Development Board.

For the majority of Singaporeans there is no life and housing without HDB. They grow up in one of the apartments that spread all over the city-state and form a parallel housing market to the so-called condominiums, which are subject to the free market and are mainly used by the many foreigners in Singapore. The HDBs, priced significantly cheaper, are reserved for Singaporean citizens. Public housing has played a central role in the development of the city state since the independence of Singapore. Any Singaporean family with a monthly income up to a maximum of € 7500 can apply for the purchase of such a HDB apartment. However, they have limited choices in which facility they want to settle. On top of that, the apartments were reserved for married people only. In the meantime, singles who are 35 or older can buy a small HDB unit. The size depends on the number of family members. The state encourages the purchase and ownership of housing, with 90 percent of HDB users living in apartments owned by them. The acquisition is financed by a sophisticated loan system. For the very poorest in Singapore, there are rental apartments, some cost only 30 euros a month.

There are about one million HDB flats in the city-state, with a population of five and a half million. Since the 1960s, Singapore has systematically operated the relocation of village communities, the Kampongs, in high-rise buildings. Some call the HDBs therefore “vertical villages”. In the multi-ethnic state, the apartments of each complex are given a key, so that no ghettos of individual ethnic groups arise, but the largest groups – Chinese, Indians and Malays – each distribute. As in all areas of life, little is left to chance when it comes to living. The authoritarian-ruled Singapore acquires the sympathy of its citizens, above all, through a high degree of strictly regulated care – a system in which there are fewer freedoms than in many Western countries.

No idea is too outlandish

Churches make room for apartments, bridge pillars could become residential towers. The housing crisis also includes the opportunity to finally think about new ways of living in the city. By Gerhard Matzig more …