Finvesto Junior Depot reviewed

The provider finvesto specializes in investment funds, offering three different depots: for VL savers, adults, and minors. Here, we explain how you can secure your child's financial future with the finvesto U18 Depot. Our test provides detailed information about account opening, costs, and more.

ETF savings plans enable long-term wealth accumulation and are an attractive alternative to traditional savings accounts. By investing in a diversified basket of assets, you significantly reduce overall risk. The broad diversification of individual assets can mitigate fluctuations in financial markets. At finvesto, you can choose from 8,000 funds. To help you get started, the provider offers a list of the most frequently purchased ETFs.

The finvesto depots for children offer numerous advantages, including:

Want to open a depot for your child with finvesto? No problem: We'll guide you step-by-step through the process:

If you have already opened a U18 depot, you can log in within seconds. Visit the finvesto website and click "My Login" at the top right. Enter your access ID and password in the form that appears. You should have received your personal access ID by mail beforehand. If not, please contact the provider.

Parents determine the amount of the regular savings contribution, which can be changed and paused at any time for free. Savings intervals are also individually determined by the parents. In addition to regular contributions, extra payments can be made. Relatives and friends can also contribute to building the child's wealth. Even small amounts from €0.01 can be deposited. When transferring to the children's depot, simply specify the depot number and position in the reference.

Children pay no depot management fees until they turn 18. However, costs are incurred when trading funds and ETFs. Buying an ETF share costs an average of 0.45% of the transaction volume, depending on the fund company. For a savings rate of €100, this would be €0.45. If you opt for a fund savings plan, finvesto offers a 75% discount on the issue surcharge, which can be up to 5%.

To cancel your child's finvesto depot, you need to fill out a form and submit it to the provider. You can either sell your entire holdings or transfer them to another custodian. The relevant forms are available on the fnz.de website under the FAQ question "How can I cancel my depot?".

If you have questions or issues with your depot, you can contact finvesto support via email or hotline. They are available from Monday to Friday, 8:00 AM to 6:00 PM, and are happy to assist you.

Finvesto is a reputable investment company based in Aschheim. The company places great importance on data protection and offers secure transfer of your sensitive data thanks to SSL encryption. Additionally, the provider is supervised by the Federal Financial Supervisory Authority, so you need not worry about its credibility.

Finvesto is also a member of the Deposit Protection Fund of the Association of German Banks. This deposit insurance protects customer deposits up to €100,000, as well as 90% of liabilities from securities transactions (maximum value of €20,000).

Finvesto was founded in 1949 as Allgemeine Deutsche Investmentgesellschaft GmbH. Today, it is a brand of FNZ Bank based in Aschheim near Munich, a company of the FNZ Group. FNZ Bank is a reliable partner for depot management, established in the market for a long time. As a leading B2B direct bank, it now has over one million customers and manages around €60 billion. All in all, finvesto is a reputable company with many years of experience.

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