Bank Index

Sparkasse Mittelthüringen

Bank · Erfurt, Germany · overall 4.9 / 10

Open in Bank Index

How this 4.9 is built

Average of 6 scored needs: 4.9. Regulation in Germany: 94/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 1 score backed by filings or its own pages.

Sparkasse Mittelthüringen is recorded in the global register as a bank in Erfurt, Germany. The register names European Central Bank, list of monetary financial institutions as its regulator and shows the licence as active. Established 2000. Collected from open registers.

On its own website: “Ihr Finanzpartner im Internet. Mit sicherem Online-Banking, vielen Angeboten und Services für Privat- und Firmenkunden.”

Legal name
Sparkasse Mittelthüringen
Regulated by
European Central Bank, list of monetary financial institutions
Licence confirmed
yes, on a regulator's own list
Established
2000
LEI
529900M7DRA4N1J81L72
Website
www.sparkasse-mittelthueringen.de

Scores, 0 to 10

6.0Europe (EU, EEA, Switzerland)
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
6.0Financial strength & stability
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Lowest fees
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Best interest on business balances
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Trade, manufacturing & import-export
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.5Fast digital onboarding
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.0Cross-border payments, FX and multi-currency accounts
Its own business page names SEPA, so payments can leave the country. The score stops at 4.0 because the page did not give the currencies the account holds or the margin on the exchange rate, and the rubric needs both to go higher. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.