- Available until the age of 30
- Verification only at branches of Commerzbank
-
CommerzbankDeposit feefreeMinimum age18 YearsMinimum savings rate€25- Free Depot Management
- Wide Selection of free ETFs
- Personal Consultation Available
Minimum savings rate
€25
Online Banking
Yes
Depot consulting
telephone
e-mail
branch
Number of ETF savings plans
299
Number of free ETF savings plans
17
Number of share savings plans
81
Number of free share savings plans
0
Execution days
1., 15.
Type of depot
Passive
Type of provider
Direct Bank
Customer support
Yes
Deposit fee
free
Execution cots savings plan
€2.5 + 0.5% (share savings plan 1.5%)
Costs for 100 € savings plan
€3.00
Costs for 250 € one-time investment
€7.40
Minimum age
18 Years
Credit check
Yes
Application only by legal guardians
No
Online application possible
Yes
Online contract conclusion
No
Postal application mandatory
No
Postal contract conclusion mandatory
No
Application via document submission
Yes
Application in store mandatory
Yes
More info on junior depot opening
Alternative
-
Deutsche BankDeposit feefreeMinimum age0 YearsMinimum savings rate€25- Investing from €25
- Savings rate adjustable at any time
- Choose from over 870 funds, ETFs, ETCs, and stocks
The “StartDepot” of Commerzbank – Investing for children and youths in 2024!
Commerzbank offers an ideal entry into the financial world and investments for anyone up to 30 years old with their Junior Depot. The "StartDepot" is aimed at students, trainees, and participants in the Federal Volunteer Service. Discover our comprehensive review of the Commerzbank Junior Depot below!
The costs and conditions of the Commerzbank StartDepot
To get started with this Junior Depot, we've summarized the most important fees for you:
- Depot Management Costs:
- Free up to a depot volume of €20,000
- 0.25% per year for volumes over €20,000
- Order Costs:
- €4.90 base fee per order plus 0.25% of the order volume
- Minimum order costs: €9.90
- Savings Plan Costs:
- ETF savings plans: €2.50 plus 0.25% of the savings rate
- Stock savings plans: 1.5% of the savings rate
- Additional Fees:
- For inactivity (no securities transactions per quarter): 0.175% p.a. of the depot volume (at least €1.65 per month)
Detailed costs of individual ETFs and further information can be found in Commerzbank's price and service list.
How to apply for the Junior Depot at Commerzbank
To open the StartDepot, you must present certain documents and verify your identity or that of your child. Upon confirmation, you will receive access to an online account. We have summarized the key points for the application process for you:
The documents you need
You need the following documents and information:
- ID card or passport: Necessary for identity verification.
- Online application: Fill out the online application for the StartDepot. If you are already a customer, you can use your existing current account as a settlement account or open a new free settlement account.
For minors, additional requirements apply:
- Parental consent: Minors need the consent of their parents or legal guardians.
- ID / birth certificate of the minor: For child identification
- Personal legitimation of all legal guardians: This must be done in a Commerzbank branch
How to verify your identity at Commerzbank
New customers must confirm their identity, which is easiest via the IDENT app or video identification process. Have your ID card ready. For minors, personal legitimation of all legal guardians is also required. You must go to a Commerzbank branch and verify yourself and your child at the counter with the respective ID document.
Where is the login at Commerzbank?
Once you have received your confirmation and login details, you can log in to your portal from anywhere. On the website, the login button is in the top right corner. Note, however, that the bar disappears when you scroll down.
How to find Commerzbank branches near me?
Since you need to identify yourself in a branch if you have a minor, or you may have other questions, we want to help you quickly find a branch near you. On one hand, you can of course use Google Maps and search for branches there. However, Commerzbank also offers its own page for this. The branch finder can capture your location as well as categorize by city and postal code. It also offers the ideal route there and shows all the necessary phone numbers of the respective branch.
The Commerzbank hotline
Commerzbank is available 24 hours a day, seven days a week. The central phone number is: 069 5 8000 8000. Have your customer number and PIN ready. There is also a contact form and the option to arrange an online appointment.
Invest from anywhere with the Commerzbank app
With the Commerzbank app, you can always flexibly access your account. You can find it in the Google Play Store for Android devices and the App Store for iOS devices.
Switching an existing depot to Commerzbank
A depot transfer can seem very overwhelming at first glance, so we want to make it as easy as possible for you. Discover here a list of things to consider when transferring a depot to Commerzbank:
1. Start the Depot transfer:
- Visit the Commerzbank website and access the depot transfer service.
- Enter the details of your old depot and the new Commerzbank depot.
- Decide whether a full or partial transfer should take place.
2. Set the transfer:
Enter details of the transfer and the depot holders. Choose the desired service and the securities to be transferred.
3. Complete the order:
Review and confirm your order digitally. The order will automatically be forwarded to your previous depot-holding bank.
Important: Keep all documents urgently so that you can check the transfer later.
Have Depot Numbers and Bank Code Ready
4. Costs and services:
The depot transfer to Commerzbank is free. However, note the general costs for depot management and securities transactions according to Commerzbank's price and service list.
Further details and support can be found on the Commerzbank website or in branches.
Review: How Good is the Commerzbank StartDepot?
The Commerzbank StartDepot offers young people up to 30 years old an excellent entry into the world of finance. With attractive conditions such as free depot management up to €20,000 and fair order costs, it is particularly suitable for students, trainees, and volunteers. The easy application and flexible use via the Commerzbank app also make the depot very user-friendly. Lastly, a depot transfer to Commerzbank is straightforward and free, making the StartDepot a recommended option for young investors.