Bankhaus August Lenz & Co. Aktiengesellschaft

Bankhaus August Lenz & Co. Aktiengesellschaft is a German private bank based in Munich that operates under a full domestic banking license and focuses on advisory-led services for individuals and selected business clients. The bank offers standard products such as current and savings accounts, time deposits, securities custody and brokerage, portfolio services subject to suitability rules, lending in defined segments, and payment services including SEPA and international transfers via SWIFT. Digital access is available through online and mobile banking with strong customer authentication in line with PSD2, and client communication is handled through remote channels and in-person advisory appointments. Pricing follows the published Preis- und Leistungsverzeichnis, with typical charges for account maintenance, payments beyond SEPA core, securities custody and transactions, and bespoke services; actual costs depend on product selection and usage. Deposits are covered by the German statutory scheme (EdB) up to €100,000 per depositor per bank; investment products are not deposits and carry market risk, and lending is subject to credit checks and collateral requirements where applicable. The institution is supervised by BaFin and the Deutsche Bundesbank, applies MiFID II rules for investment services and AML/KYC requirements for onboarding, and processes personal data under GDPR. Account opening requires identification and documentation of source of funds and wealth consistent with German regulations, and availability of products can vary by customer profile and residency. The bank’s relatively narrow physical footprint and advisory-driven model will suit clients comfortable with fewer branches and scheduled consultations, while those seeking a broad retail network, no-fee accounts, or extensive self-directed tools may find the offering less aligned with their expectations.