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Frankfurt / Main (dpa) - Interest portals have defended the brokering of savings deposits to the Greensill Bank, which is in turmoil.
You only work with licensed institutes that are subject to the respective banking supervisory authorities and, in some cases, other supervisory bodies, according to the Berlin finance company Raisin, which is behind the “Weltsparen” portal.
“As a platform, we cannot and must not do more than the supervisory authorities, rating companies and auditors do,” said a spokeswoman.
"We are relying on auditors who had not taken any sanctions in the case of Greensill Bank by the beginning of the week."
"Several hundred million euros" flowed to Greensill Bank through "Weltsparen".
Raisin is currently not referring any new products.
"Deposits are an extremely safe form of investment," emphasized the Hamburg company Deposit Solutions, which operates the "Zinspilot" and "Savedo" portals.
Deposit Solutions only cooperates with banks that have a license to collect private customer deposits and whose customer deposits are protected by statutory deposit insurance.
In addition, one carefully examines partner banks, their owners and whether there are any legal disputes, regulatory investigations, violations of sanctions or conflicts of interest.
The cooperation with Greensill has meanwhile ended, it said.
On Wednesday, the financial supervisory authority Bafin closed the Greensill Bank AG in Bremen because of the threat of over-indebtedness.
The bank, which belongs to the British-Australian financial conglomerate Greensill, was closed to customers with immediate effect.
The Bremen public prosecutor's office has initiated an investigation.
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In times of zero and negative interest rates, Greensill Bank offered overnight and fixed-term deposits with unusually high savings rates, advertised on the Internet on portals such as “Weltsparen” or “Zinspilot”.
On the platforms savers can compare the conditions of many banks for overnight or fixed-term deposits, for example, and invest money where slightly higher interest rates are attractive, often with banks in Eastern and Southern Europe.
The banking association BdB and consumer advocates reassured private investors in the Greensill case: Savings of up to 100,000 euros per customer are protected by the EU's statutory deposit insurance.
The rescue fund of the private banks, which according to BdB at Greensill covers up to almost 75 million euros per customer, is even more extensive.
© dpa-infocom, dpa: 210305-99-703866 / 3
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Deposit Solutions
Raisin
Greensill Bank AG Bremen
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Bafin on moratorium March 3, 2021
Banking Association BdB for the Protection of Customer Deposits 3.3.2021
Consumer center Bremen for the protection of customer deposits
Compensation scheme for German banks
Banking Association BdB for deposit protection
Greensill Bank at Weltsparen
Annual report Greensill Bank AG 2019 in the Federal Gazette
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