Fidor pricing and conditions

Retail customer overview

Everything you need to know about your Fidor Smart Current Account

Fidor Bank reserves the right to adjust prices and conditions subject to the General Terms and Conditions.

The most recent version of Our Fees and Frees (Prices and Conditions) apply.
Fees are deducted directly from your Fidor Smart Current Account. All fees are subject to the
General Terms and Conditions.

Important notice: Any outgoing transfers or investigations that involve another bank might be subject to charges by the other bank. These charges are not enforced by Fidor Bank and will have to be raised by you (the client) and might be deducted from the transaction amount.

 

General Conditions

Things that are free

Things that cost money

Limits to your account

Things we don't do

Research we can do for you and the associated cost

If you love paper

Fidor TAP Debit Mastercard Fees and Frees

Fidor Bank Savings Bonds

Interest rate on Fidor Smart Current Account

Overview of the states of EEA and EU belonging to SEPA

Things that are free

Account opening   Free
Monthly account management   Free
(Introductory offer)

Interest earned1 on Fidor Smart Current

Account balance

Like-interest rule:

The more likes Fidor UK receives on Facebook UK,

the higher the interest rate on the account balance.

You can learn more about it here.

Maximum interest rate as an introductory

offer will be 0.50% p.a.

0.3% p.a.

Transfer to and from other

Fidor Smart Current Accounts 

No daily limit (as long as funds are available on

your Fidor Smart Current Account)

Free

Transfer to and from2 other UK accounts

(using the Faster Payments System)3

Limited to £25,000 per transaction (outgoing)
Limited to £25,000 per day 
(outgoing)

Free
Savings bond issuance Min deposit £100
Max deposit £100,000
Free
Shipping a new Personal Code   Free

 

1 Subject to applicable tax
2 Using account number, sort code and Fidor ID (as the reference). Possible fees of other banks are not borne by Fidor Bank AG.
3 FPS payments are currently only processed once a day. Payments submitted after 4.00pm on a working day or any time on a weekend day or bank holiday will only be processed on the next working day.

Things that cost money

Transfers to the EEA
(SEPA)1,2

Transfer in EUR to EU members

and other States of the European Economic

Area (EEA) and Switzerland, Monaco and

San Marino. An overview of the SEPA states

can be found here.

£2.49
(Introductory offer!)

1 Compulsory registration for cross-border transfers that exceed the GBP equivalent of €12,500. These payments are subject to the reporting requirements of the German central bank (Bundesbank) under the Foreign Trade and Payments Act (AWV): Details can be found here.
2 Transfer orders that are submitted after 11.45am on a banking day will only be processed on the next banking day.

Limits to your account

Limit for deposits   No limit
Daily limit for deposits   No limit
Limit per transfer to other Fidor accounts   No limit
Daily limit for transfers to other Fidor accounts   No limit
Limit per UK and SEPA transactions   £25,000.00
Daily limit per UK and SEPA transactions   £25,000.00

Default Fidor Smart Current Account

limit per transaction

These limits are defaults that have been

put in for your safety. They can

be changed in your account settings at any

time online here.

£500.00
(can be increased up to £25,000.00)

Default limit for transactions from your

Fidor Smart Current Account per day

These limits are defaults that have been 

put in for your safety. They can 

be changed in your account settings at any 

time online here.

£1,000.00
(can be increased up to £25,000.00)

Things we don't do

Cash deposits Not possible at Fidor Bank
Cheque transactions of any kind Not possible at Fidor Bank

Research we can do for you and the associated cost

Internal payment investigation

for a Fidor Smart Current Account

Tracing the whereabouts of a payment

from a Fidor Smart Current Account to another

Fidor Smart Current Account (e.g. Instant Transfer to Friends)

Free

External payment investigation

for a Fidor Smart Current Account

Tracing the whereabouts of a transfer

from a Fidor Smart Current Account

to any other account in the UK

£15.00
per investigation request 

External SEPA payment investigation 

for a Fidor Smart Current Account

Tracing the whereabouts of a transfer

from a Fidor Smart Current Account to any

other account in the EU/EEA (SEPA)

£20.00 
per investigation request 

 

If you love paper

Investigation of bank documents dated

back further than two years

Postal delivery at the customer's request £15.00 
per investigation request

Provision of duplicates

Creation, provision and transfer of duplicate(s)

of additional bank statements,

receipts and other banking documents to

the customer's request and postal delivery

Postal delivery to the customer £3.00 
per document plus postage

Fidor TAP Debit Mastercard® Fees and Frees

Order a Fidor TAP Debit Mastercard Free

Annual Fees

No

Debit Card Purchases Free

ATM Withdrawals per month (UK & worldwide)

Free first 3 withdrawals then 1GBP per withdrawal

(1.5% FX fees applicable)*

FX Fees 1.5% on all non-sterling transactions
Replacement Card if Expired Free
Replacement Card if Lost/Stolen Free
Card Validity 3 Years
SMS Transaction Notification £0.10/SMS
Daily Limit ** £1000
Transaction Limit** £1000
Daily Cash Withdrawal Limit £1000 (maximum £2000)

 

*Only if you get your account debited in the local currency. 

**All limits are preset at £1000 and can be changed to your convenience.

Fidor Bank Savings Bonds

At Fidor Bank, we endeavour to adapt our offering to the needs of our clients while keeping things as simple as possible. For this reason, we have decided to let our clients invest as little as £100 in Savings Bonds for the duration of their choice (3, 6,  9, 12, 18, 24 and 36 months).
Savings Bonds can be created at any point in time, in less than 60 seconds, directly from a Fidor Bank Smart Current account. Issuing a Savings Bond is FREE and has no management fee, the only thing we require is that you hold a Fidor Smart Current Account with a balance in excess of the amount of the Savings Bond you want.
Create your Savings Bond until 5.30pm on a working day. All bonds created after 5.30pm will only be funded on the next working day. If you create your bond before 5.30pm it will be funded on the same day and will become visible in your overview around 8.15pm.

 

 

Deposit Term Interest Rate

Minimum £100
Maximum £100,000

3 Months 0.70% p.a.
6 Months 0.80% p.a.
9 months 0.90% p.a.
12 Months 1.20% p.a.
18 Months 1.30% p.a.
24 Months 1.40% p.a.
36 Months 1.60% p.a.
 

Interest rates are calculated on the basis of the euro interest rate method.

Interest deposit: The interest payment together with the amount invested is directly deposited into your Fidor Smart Current Account at the end of the duration of the Savings Bond you have chosen, subject to any applicable tax. If your Savings Bond matures on a weekend day or a bank holiday it will be credited to your account on the next working day.

 

Representative example:

Your Savings Bond matures on a Saturday. This day will be replaced by the next working day (German Civil Code BGB § 193) and as such you will not receive credit for the Sunday because the Sunday lies outside the period covered by the bond. Fidor Bank will credit the total amount (principal plus interest earned) on the next working day (in this example that would be Monday) to the Fidor Smart Current Account of the beneficiary of the bond.

Notes about the statutory deposit insurance: Fidor Bank AG is a member of the Statutory Compensation Scheme for German Banks. This deposit insurance scheme covers customer deposits in the amount of the GBP equivalent of €100,000.

Interest rate on Fidor Smart Current Account

At Fidor Bank, we are all about community banking and know happy customers are our best advocates. For this reason, we have decided to reward the community for their active participation in helping us spreading the word on Facebook with a Like-Interest rule.At Fidor Bank, we are all about community banking and know happy customers are our best advocates. For this reason, we have decided to reward the community for their active participation in helping us spreading the word on Facebook with a Like-Interest rule.

The principle is simple: The more likes Fidor UK receives on Facebook, the higher the interest rate on the Fidor Smart Current Account balance will be!

 

Amount of Fidor UK Facebook Likes Interest Rate

Less than 2,000 (reached)

0.25% p.a.
From 2,000 0.30% p.a.1
From 4,000 0.35% p.a.
From 6,000 0.40% p.a.
From 8,000 0.45% p.a.
From 10,000 0.50% p.a.

1 The interest rate is currently 0.3% per annum.

 
The variable interest rate is currently 0.3% per annum (effective 01.03.2016, subject to change). Due to interest calculation methods, any hurdle that is achieved by the 25th day of any given month will result in the new interest rate coming into effect in the next month. Interest rates are calculated on the basis of the euro interest rate method.

Overview of the states of EEA and EU belonging to SEPA

Please be aware that if you transfer money to a country that has a currency other than EUR you might be charged a conversion fee by the receiving bank. The procedure for all SEPA transfers is as follows. Your GBP amount gets converted into EUR at the displayed exchange rate and sent to the receiving bank. If the receiving bank account is not denominated in EUR, then the receiving bank will convert the EUR amount into the local currency. This exchange rate is set by the receiving bank and may vary from market rates. The receiving bank may also charge a fee for the conversion. Fidor Bank will not cover any fees charged by the receiving bank or guarantee the exchange rate used by the receiving bank.

 

Target Country ISO Country Code
(BIC / IBAN)
IBAN Length Local Currency Currency Abbreviation Affiliation
Austria AT 20 Euro EUR EU / EEA1
Belgium BE 16 Euro EUR EU / EEA
Bulgaria BG 22 Bulgarian Lev BGN EU / EEA
Croatia2 HR 21 Croatian Kuna HRK EU / EEA
Cyprus CY 28 Euro EUR EU / EEA
Czech Republic CZ 24 Czech Koruna CZK EU / EEA
Denmark DK 18 Danish Krone DKK EU / EEA
Estonia EE 20 Euro EUR EU / EEA
Finland FI 18 Euro EUR EU / EEA
France FR 27 Euro EUR EU / EEA
Germany DE 22 Euro EUR EU / EEA
Greece GR 27 Euro EUR EU / EEA
Hungary HU 28 Hungarian Forint HUF EU / EEA
Iceland IS 26 Icelandic Krona ISK EEA
Ireland IE 22 Euro EUR EU / EEA
Italy IT 27 Euro EUR EU / EEA
Latvia LV 21 Euro EUR EU / EEA
Liechtenstein LI 21 Swiss Franc CHF EEA
Lithuania LT 20 Euro EUR EU / EEA
Luxembourg LU 20 Euro EUR EU / EEA
Malta MT 31 Euro EUR EU / EEA
Monaco MC 27 Euro EUR -
Netherlands NL 18 Euro EUR EU / EEA
Norway NO 15 Norwegian Krone NOK EEA
Poland PL 28 Polish Zloty PLN EU / EEA
Portugal PT 25 Euro EUR EU / EEA
Romania RO 24 New Romanian Leu RON EU / EEA
San Marino SM 27 Euro EUR EUR
Spain ES 24 Euro EUR EU / EEA
Slovakia SK 24 Euro EUR EU / EEA
Slovenia SI 19 Euro EUR EU / EEA
Sweden SE 24 Swedish Krona SEK EU/EEA
Switzerland CH 21 Swiss Franc CHF -
UK &
Northern Ireland
GB 22 Pound Sterling GBP EU / EEA

1 EU = European Union; EEA = European Economic Area

2 Not all banks in Croatia are taking part in SEPA​.

Price list *

Bonus Program conditions for retail customers

Online activities Maximum per month Bonus per activity
Ask a personal finance question 0.40 GBP per month 0.10 GBP
Answer a personal finance question 0.40 GBP per month 0.10 GBP
Add a saving tip 0.40 GBP per month 0.10 GBP
Add a product suggestion 0.40 GBP per month 0.10 GBP
Add a product 0.40 GBP per month 0.10 GBP
Review a product (incl. comment) 0.40 GBP per month 0.10 GBP
Add an expert 0.30 GBP per month 0.10 GBP
Review an expert 0.15 GBP per month 0.05 GBP
Video Bonus Creation 100.00 GBP per month 100.00 GBP

* Bonuses are increased on a weekly basis. Check your online banking for weekly updates.

Video Creation Bonus

Details Maximum per month Bonus per month
Every video created will be reviewed and then uploaded onto our YouTube channel. 1 per month

100 GBP

Recommendations

Recommending Fidor Bank should be rewarded and here is how:
Friends recruit Friends Bonus 
Reward for each fully registered referral1 2.00 GBP

Reward for the activities of your friends

7.50% of all their rewards
- forever -
Reward for the activities of your friend's friends
2.50% of all their rewards
- forever -

1 Recommend a Friend – You earn money for every recommendation: 2.00 GBP for every fully identified new customer you recruit. You're even rewarded for your friends' activity: you receive a 7.50% bonus on all activities of the customers you recruited, and even 2.50% on the activities of the customers your friends and acquaintances recruited. You get the bonus as long as the customers remain active with us. Conditions for a friend recommendation: Please note that friend recommendations are restricted to private use; commercial mediation of the applications is not permitted. The logo and name of Fidor Bank are subject to copyright. You receive a bonus when the person you recommended registers using your recommendation link and identifies themselves in full. In the event that the applicant was previously a customer of Fidor Bank during the 6 months preceding the application or makes use of their two-week right to cancellation, you will not receive a bonus. For you to receive a bonus credit for introducing with a new customer, they must set themselves up using your recommendation link. This saves a "cookie" on the new customer's computer. In the event that this cookie is deleted or obstructed by manual browser settings, the subsequent establishment of a new customer cannot be rewarded.