Sunday, February 21, 2016

Banks: Already more than 100, 000 accounts for Refugees at Sparkassen – ABC Online

Sunday , 02.21.2016, 20:07
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The private banks in Germany are from the perspective of financial institutions hesitant in setting up checking accounts for refugees.

“I would more commitment from some competitors want,” the president of the German Savings said Giro Association (DSGV), Georg Fahrenschon, the “Handelsblatt”. There is “an overall social responsibility” in this matter. The savings banks have for words by Fahrenschon now created more than 100, 000 accounts for Refugees.

The Financial had removed obstacles to opening a bank account in the autumn of last year and eased requirements for necessary documents. Prior to the opening often failed because the Money Laundering Act by banks demand to know their customers well. However, refugees often missing documents that identify them. Even after this simplification there was frequent criticism of the practice in their own banks.



From September 2016, the account access non-discriminatory

In the future, banks anyway be obliged to grant each an account ; So as well as homeless people who have not yet had a chance to have an account. The German government intends to implement the so-called EU-payment accounts Directive, which provides that the access to an account from September 2016 must be EU-wide discrimination

Shortly before the Bundestag decision -. Steinbrück talks before fraction into a rage – and predicts fourth aid package

 

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