Fidor Bank, Direct bank in Munich, Germany
Fidor Bank was a financial institution in Munich that specialized in digital banking and managed accounts entirely online. The organization provided customers with access to savings accounts, payments, and other banking services through web-based platforms.
Fidor Bank was founded in Munich in 2009 and expanded to the United Kingdom in 2015 before being acquired by Groupe BPCE in 2016. The bank ceased operations in July 2023.
The bank introduced new approaches to digital banking in Germany, integrating online services with traditional banking functions for a technology-oriented clientele.
The bank operated no physical branches since all banking services were accessible over the internet. Customers with remaining balances must claim these through German district courts.
The institution suspended all banking operations in July 2023, directing remaining account holders to collect their balances through German district courts.
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