UmweltBank AG review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
UmweltBank AG suits German readers who want current and savings accounts under a single roof: savings are easy access and balances sit under EU DGS up to EUR 100,000. Card spending abroad adds 1% to 1.5% in conversion cost, and that is the trade-off to weigh.
Key facts
- Best for
- A German bank covering a current account and daily-access savings together.
- Monthly fee
- €0 to €4.90↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currency conversion fee
- 1% to 1.5%↗
- Free ATM withdrawals
- from €0↗
- Legal entity
- UmweltBank AG↗
- Headquarters
- Germany↗
- Founded
- 1997↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals, Joint account, Digital-only
- Official website
- umweltbank.de
Savings
- Headline rate
- 3%↗
- Rate type
- Variable↗
- Access terms
- Tagesgeld: full balance available daily, no notice period; Festgeld: not cancellable during the term, payout at term end↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Deposits sit under EU DGS up to EUR 100,000.
- Savings are easy access, with the full balance available daily and no notice period, and a fixed-term option pays out at the end.
- A free cash withdrawal allowance of from €0, a joint account option, and a no monthly fee pricing model.
- Support runs on email, phone and help centre, covering phone, email and a help centre.
Cons
- Currency conversion on card spending costs 1% to 1.5%, above the site median of 0.5%.
- The savings rate is variable, so the 3% return can move with the base rate.
- Counter service is not among its support channels, which run on email, phone and help centre.
Who it suits
- German residents who want a current account and savings held by the same bank.
- Readers who want savings that follow the base rate rather than a fixed return.
- People happy to bank from the app and draw savings on demand.
Who should look elsewhere
- Varo Visa Debit Card, whose monthly fee is $0, for readers who pay nothing each month for an account.
- Bit2Me, at a monthly fee of €0, for readers weighing a euro account with no monthly charge.
- Crezu ES, whose monthly fee is €0, is the pick for anyone who wants a euro account charged nothing each month.
Fees and currency costs
The current account's monthly fee is €0 to €4.90, so the entry tier is free to hold while a higher tier costs more. Card spending in another currency adds 1% to 1.5% in conversion fees. For euro-only spending, the monthly charge is the main cost to weigh.
Safety of your money
Balances are covered by EU DGS up to EUR 100,000, and that ceiling is the limit of the scheme. The legal entity is UmweltBank AG, a German bank supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht and the Europäische Zentralbank, operating since 1997 and headquartered in Germany.
How UmweltBank AG compares
9.1 vs 8.7
9.1 vs 8.6
9.1 vs 8.0
9.1 vs 8.9
9.1 vs 9.1
9.1 vs 9.2
9.1 vs 8.7
9.1 vs 8.7
9.1 vs 8.7
9.1 vs 9.0
9.1 vs 8.7
9.1 vs 9.5
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 8.9- 9.1 vs 8.9
9.1 vs 8.7
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.4
9.1 vs 8.3
9.1 vs 8.2
9.1 vs 8.1- 9.1 vs 8.1
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 8.0
9.1 vs 9.1
Where UmweltBank AG is available
- Available
- Germany
- Licence in Germany
- Europäische Zentralbank, checked September 26, 2026
- Licence in Germany
- Bundesanstalt für Finanzdienstleistungsaufsicht, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does UmweltBank AG cost each month to hold?+
The current account's monthly fee is €0 to €4.90, so the entry version is free to hold while a higher tier costs more. The site median monthly fee is €0, which keeps this among the cheapest accounts to run day to day.
How much is paid on savings, and can the rate change?+
Savings pay a variable rate of 3%, which the bank lists as variable. The site median headline rate is 3%, so the offer sits near the middle of the market rather than above it.
Is my money protected if the bank fails?+
Balances are covered by EU DGS up to EUR 100,000, and that ceiling is the limit of what the scheme covers. It suits everyday and medium-term savings, with the cap worth keeping in mind for anyone holding a larger sum.
Who supervises the bank?+
In Germany the bank is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht and the Europäische Zentralbank. The legal entity is UmweltBank AG, which has operated since 1997 and is headquartered in Germany. That supervision underpins the protection above.
Can I reach my savings whenever I like?+
The savings account is easy access, so the full balance is available daily with no notice period. A fixed-term version cannot be cancelled during the term and pays out at the end, which suits savers who can leave money alone for a while.
What does spending in another currency cost?+
Card purchases in another currency carry a conversion fee of 1% to 1.5%. The site median is 0.5% and the online bank median is 0%, so frequent foreign spending works out dearer here than at a low-fx account.
How do I get help when something goes wrong?+
Support runs on email, phone and help centre, covering phone, email and a help centre. A phone line suits urgent money questions, while the help centre and email give the same detail in writing for anything less pressing.
Sources
- umweltbank.de checked September 26, 2026
Backs: Founded
“Banking mit Haltung seit 1997”
- umweltbank.de/impressum checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Support channels, Licences
“UmweltBank AG, Laufertorgraben 6, 90489 Nuernberg”
- umweltbank.de/konto-karte/girokonto checked September 26, 2026
Backs: Free ATM withdrawals, Features, Monthly fee
“Unbegrenzt kostenlos Geld abheben; Kontovarianten: Einzelkonto, Gemeinschaftskonto”
- umweltbank.de/konto-karte/kreditkarte checked September 26, 2026
Backs: Currency conversion fee
- umweltbank.de/sparen/tagesgeld checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Pricing model, Rate type
“**Verfügbarkeit** kompletter Betrag täglich verfügbar”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currencies.
Related by the facts
UmweltBank AG
A German bank covering a current account and daily-access savings together.