My Commerzbank is suddenly charging €9.90 a month for my checking account, even though I've been a customer for years. I want to switch to Comdirect or N26, but the whole bureaucracy with standing orders and card payments is annoying me. How does it work and can the bank somehow stop me?
Yes, switching banks is free and your bank can't stop you 🏦 Many banks nowadays offer a free switching service where the new bank handles all the moving tasks for you - your standing orders get transferred automatically, your new account number gets notified to the important places and so on. You basically don't have to do much yourself, just fill out a few forms. With Comdirect and N26 it's super straightforward anyway, they've perfected the digital onboarding. If your new bank doesn't offer a switching service, you can also handle it yourself - but that obviously takes longer and is more of a hassle.
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