GE Capital Bank AG, PO Box 41 03 66, 76203 Karlsruhe
Hotline: 0800/22 73 101 (free from German landline)
GE Capital Bank AG is part of the United States giant General Electric. Their headquarters are in Mainz. The emphasis of the credit institution lies on factoring solutions for enterprises. However, private customers can also invest their money or overnight money with the bank via the GE Capital Direkt brand.
about the company
The roots of GE Capital Bank date back to 1919. At that time, a son of Hamburg emigrants in the US founded a bank that specialized mainly in financing. It bore the name of the founder: Commercial Financing Company Walter E. Heller & Co. Already ten years after its founding, the company was one of the leading factoring providers for small and medium-sized businesses around the world with a focus on the furniture and textile industry.
In the 1960s, the factoring specialist also reached Germany and established the Heller Factoring Bank in Mainz. After further successful years took place in the 1980s, the acquisition of the US group by Fuji Bank. In Germany, a Dutch predecessor of the ING Group held 50 percent of the subsidiary of the American financial institution. After the remaining 50 percent of the shares in the subsidiary were incorporated into the NMB Heller Holding, finally took over the financial services division of the General Electric Group Heller Financial initially from Fuji Bank and later the remaining 50 percent stake in the German subsidiary of the ING.
Following further acquisitions of leasing and credit service providers in Germany, the former Heller Factoring Bank is wholly owned by the GE Group. Together with Discount and Kredit AG, it became GE Capital Bank. The company headquarters is still in Mainz.
The financial institution is still active in factoring in the business customer area. Since 2010, however, private customers can also invest their time deposits and call money with GE Capital Bank. Originally, the bank wanted to promote its new products, stopped the advertising activities due to the large rush of daily and fixed money soon again.
In 2014, GE Capital Bank AG reported a balance sheet total of almost 3 billion euros. Customer deposits amounted to 2.35 billion euros in the same financial year. The company employed 266 people during the same period.
Investment for the German Mittelstand
As an important financial services provider for business customers in Germany, GE Capital provides medium-sized companies with investment capital, which in turn can be provided by retail investors through fixed-term and overnight deposits through GE Capital Direkt. In this way, private customers can benefit from sound investment and the economy from new investment opportunities.
The overnight money account of this bank can be used by private customers for free capital up to a total investment of 75,000 euros. In return, you, as an investor, receive attractive interest from the first deposited cent. In 2015, this product was classified as a “top money market account” by television broadcaster n-tv and FMH Finanzberatung as part of a comparison of 59 banks with German deposit insurance.
|minimum deposit||0.01 Euro|
|account management||Online banking or telephone banking|
|Account management fees||No|
|Good to know||This money market account can only be managed online or by telephone, as the bank does not have its own branch network in Germany; Transfers from third parties and foreign transfers to the call money account are possible|
How to open a savings account with this bank:
- Start online application
Fill in all required fields online in the application form. Here you must include your name, address and mobile phone number. Specifying your mobile number is important so that you can use the mobileTAN procedure for transactions.
- Check information
After verifying all entries, confirm and complete your application by printing and signing the document.
Then print out the Postident coupon and select a post office near you. Your identity will be determined there with the help of a valid identity card or passport. A postal worker sends the coupon with your application documents directly to GE Capital Bank.
- Receipt of documents and first deposit
After the bank has checked all the documents, you will receive your bank documents by post. This includes access to online banking (GE NetKey) as well as your account number. You can then instantly make a deposit from your checking account.
This time deposit account is suitable if you want to invest free capital up to a deposit amount of 75,000 euros at a fixed interest rate for a relatively short period of time. You can use up to three time deposit accounts at GE Capital Bank at the same time.
|minimum deposit||1,000 euros|
|maximum deposit||75,000 euros|
|account management||Online banking and telephone banking|
|Account management fees||No|
|Good to know||This bank will deduct a flat tax from your interest income directly to the tax office if you do not submit an exemption request. Exemption orders can be issued by post and later changed online.|
Fixed-term account coupled to savings account
To open a time deposit account with this bank, you first need a call money account with the same provider, since the latter serves as a clearing account.
If you, as a business customer, would like to take advantage of other offers from GE Capital Bank AG, you can contact an employee via the online contact form or by telephone. Among other things, the bank also offers financing options for capital goods or fleets.