Important Informations


With 14 million customers in 2016, the Bank is one of the largest banks in Germany. Its origin dates back to the introduction of the postal giro service in 1909, which at the time enabled nationwide cashless payments for the first time, previously a privilege for businesses and the wealthy. Later, this service was renamed the postal giro service. In 1989, as a result of postal reform within the Deutsche Bundespost, an independent business unit was established, known as Deutsche Bundespost Postbank. In 1995, it was converted into a joint-stock company and received a full banking license. Three years later, it became the first major nationwide bank in Germany to introduce a free checking account. The bank went public in 2004. Since November 2010, Deutsche Bank has owned the majority of shares in the Bank.

What are your benefits?ūüôČ
Loan amounts between ‚ā¨3,000 and ‚ā¨80,000 Free special repayment Free total repayment Low minimum requirement
What are your disadvantages?ūüôä
Installment break Legitimacy by post office… Payout sometimes long
Independent assessment of Expance?ūüźĶ

I would rate the Bank with a 3 out of 5. It stands as one of the largest banks in Germany, boasting 14 million customers as of 2016. Its historical significance lies in its evolution from the introduction of the postal giro service in 1909, which revolutionized cashless payments nationwide. Over time, it transformed into an independent business unit, Deutsche Bundespost, and later transitioned into a joint-stock company with a full banking license. The Bank’s introduction of a free checking account in 1998 marked a significant milestone in the German banking sector. However, despite its large customer base and historical importance, some areas could be improved. Customer service and efficiency in handling transactions could be more streamlined, and there might be room for enhancing the competitiveness of its financial products and services. Overall, while the Bank has a strong foundation and a significant customer base, there are areas where it could strive for improvement to better meet the evolving needs of its clientele and to remain competitive in the banking industry.

Professional evaluation