- Protected up to an equivalent of €100,000
About Deutsche Handelsbank
Deutsche Handelsbank AG, located in Munich, was founded in 2009 by the Reimann entrepreneurial family. Since then, Deutsche Handelsbank became established as a partner for growing companies with digital, internet or software based business models. In doing so, DHB acts both as a financing provider lender and as a banking service provider.
- Prolongation is only possible 28 to 5 days before termination
- 100% online
- Prolongation Possible
- Interest payout possible
About the country
The Federal Republic of Germany is the largest economy and the main export-power among European Union member states. Germany, as one of the few nations in the world, has obtained the highest AAA rating for its sovereign debt from the three major credit rating agencies.
Deposits are 100% protected by the Compensation Scheme of German Banks (EdB – Entschädigungseinrichtung deutscher Banken GmbH) up to a maximum amount of EUR 100,000 per customer.
All Member States of the European Union have agreed on the need to better protect savers‘ deposits. The minimum requirements for national deposit insurance schemes have been harmonised for numerous years across Europe (Directives 94/19 / EC, 2009/14 / EC and 2014/49 / EU). These directives provide a standardized high level of protection of deposits across the European Union, regulating, among other things, repayment modalities and repayment deadlines.
Tax process and documents
Germany does not levy withholding tax on non-residents, i.e. you are automatically exempt from withholding tax and do not have to do anything else.
A scan or copy of a passport (the page with photo and signature) with a valid Proof of Address (no older than 3 months).