TARGOBANK AG

TARGOBANK AG is a Germany-based retail and commercial bank headquartered in Düsseldorf and wholly owned by Crédit Mutuel Alliance Fédérale. Its core business is consumer finance alongside standard banking services, offering current accounts, savings and term deposits, credit cards, overdrafts, installment and auto loans, and securities brokerage and insurance distribution. For business customers, the bank provides accounts, payments, and financing solutions for working capital and equipment, serving self-employed clients and small to mid-sized enterprises. Access is available through a nationwide branch network, online banking, a mobile app, and telephone service; cash withdrawals can be made at CashPool ATMs, with charges typically applying at out-of-network machines and for certain services per the bank’s fee schedule. Digital onboarding and verification options are available, and lending decisions are subject to credit checks and documented income. Deposits are protected up to 100,000 euros per depositor under Germany’s statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken), and the bank is supervised by BaFin and the Deutsche Bundesbank. The institution traces its roots to Kundenkreditbank (KKB), later operating as Citibank’s German retail arm before its 2008 acquisition by Crédit Mutuel and rebranding to TARGOBANK in 2010. Pricing, eligibility criteria, and product features vary by account and loan type and are subject to change according to published terms and conditions.