DKB Junior Depot reviewed

Whether it's a one-time investment in securities or regular saving with a savings plan – the DKB Junior Depot allows you to secure your child's financial future. Keep up with the times and invest in stocks, funds, or ETFs. These offer significantly better returns than traditional savings accounts.

In our review, we take a closer look at the DKB U18 Depot. Learn more about opening the account, costs, and much more.

To open a DKB Junior Depot, your child first needs a free children's account. Additionally, at least one parent must already have a current account with DKB. Once these requirements are met, you can open the Junior Depot:

The online depot for children and teenagers offers the following benefits:

If you want to regularly save a fixed amount for your child, DKB's ETF and fund savings plans are ideal. You can choose from over 2,000 savings plans with a minimum savings rate of €25. If you prefer to invest larger amounts in one go, one-time investments are perfect.

To ensure your child's investments are not jeopardized by speculative investments, risky asset classes like certificates and warrants are excluded from the Junior Depot.

Depot management for the Junior Depot is free. For securities savings plans, each execution costs €1.50. The setup, modification, and deletion of savings plans are free of charge. Fixed fees are also applied based on the order volume: €10 for orders up to €5,000, €15 for orders between €5,000 and €20,000, and €30 for orders over €20,000. An execution fee per order is also applied. Domestic trading venues (Gettex, Quotrix, Tradegate) are free, as well as off-exchange direct trading and trading with fund companies. However, foreign trading venues incur a fee of €20.

Do you already have a depot with another bank and want to transfer the entire depot or selected securities to DKB's Junior Depot? You can use the fully automated depot transfer service of Qwist GmbH for this. You will need your tax identification number, your DKB broker depot number, and the login details for your current bank. With this information, the transfer can be done easily online.

Normally, depot cancellation is done under Depot > More > Depot Details > Cancel Depot. However, for the U18 Depot, this is not possible. You must fill out the DKB-Broker depot cancellation form and send it to DKB.

DKB is a reputable and secure bank. It has been licensed by the European Central Bank and regulated by the Federal Financial Supervisory Authority. Deposits are insured up to €100,000 by statutory deposit insurance. Additionally, DKB is a member of the Deposit Protection Fund of the Association of German Public Banks, which protects up to €500,000. Furthermore, 90% of the securities value is protected, up to a maximum of €20,000.

Deutsche Kreditbank AG (DKB) is a German credit institution based in Berlin. Founded in 1990, it is now the second largest direct bank in Germany. Regarding the Junior Depot, DKB is even among the test winners. The Institute for Asset Development, together with eltern.de, examined the children's depots of various banks, and DKB was rated the "Best Provider" overall.

To find the right junior custody account, parents should compare several providers. Discover more junior depots in our tests!