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Posts tagged #checking account

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Negative interest ILLEGAL: Courts stand behind consumers

Civil Law 

The next blow for German banks - after the illegal fee increase, negative interest rates must now be paid back to individual customers. The Berlin Regional Court ruled for the first time that negative interest charged on checking (giro) and savings a...

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DE: Giro contract - no implied new contract in case of insolvency

If a debtor's checking (giro) account contract lapses due to the opening of bancruptcy proceedings and the bank is not aware of the bankruptcy proceedings, actions of the bank after the debtor's self-employment has been released cannot be interpreted...

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