PSD Bank Nürnberg • EUR
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Ingrid Schneider · Updated: 3 September 2026
PSD GiroDirekt is the current account offered by the cooperative PSD Bank Nürnberg. According to the database, it's aimed broadly at employees, students, apprentices, retirees and the unemployed. For this product, the bank's linked application page provided no product details beyond the application form itself, so this review relies mainly on the available base data.
According to the database, account maintenance costs €4.15 a month (€49.80 a year). No condition for waiving this fee is documented. The overdraft rate stands out: both the arranged overdraft and a tolerated (unarranged) overdraft are charged at a uniform 7.39% p.a. — notably lower than several branch banks in this comparison, some of which charge 12–14% p.a. No data is available on fees for individual transactions.
No sign-up bonus is listed in the database for PSD GiroDirekt, and the linked offer page provided no such information either.
The account includes a debit card; specific fees for the card or for domestic and foreign ATM use are not documented. PSD GiroDirekt stands out on deposit protection: as a member of the cooperative banking group, the bank is part of the BVR institutional protection scheme, which — unlike the statutory deposit guarantee with its €100,000 cap at the other banks in this comparison — protects deposits without a specific cap and takes precedence over the statutory scheme. No specific app features are documented; the account is accessible online, by phone, in branch and via app, and a switching service is available.
The broad target audience — from apprentices to employees, retirees and the unemployed — combined with full access via online, phone, branch and app banking, makes the account fundamentally appealing to a wide range of customers. It's particularly attractive for anyone who occasionally uses their overdraft and wants to benefit from the comparatively low, uniform rate.
No detail on the account opening process was found in the sources reviewed.
See the lists at the end of this review for a summary of the account's main strengths and weaknesses.
PSD GiroDirekt's main strength is an unusually low, uniform overdraft rate of 7.39% p.a. and deposit protection that's effectively uncapped via the BVR institutional protection scheme. On card fees, ATM use and specific app features, however, many questions remain open, since neither the database nor the offer page provides details — prospective customers should ask PSD Bank Nürnberg directly before opening an account. For anyone mainly after a cheap overdraft and solid deposit protection, this is an interesting option, though the details still need clarifying.
✓ Pros
✕ Cons