Telefónica Deutschland and the online bank Fidor will bury their joint smartphone account "O2 Banking" at the end of June. At the same time, Telefónica announced in June that the offer would be restarted with a new bank partner not yet named. The O2 Banking introduced in 2016 so far includes a checking account, smartphone banking apps, Mastercard debit card and various bonus programs, for example for mobile data volume.
For the new offer, Telefónica announced features such as mobile payments with Apple Pay and Google Pay. There should also be a free Girocard and a free Visa credit card instead of the previous Mastercard Debit. However, existing accounts could not be automatically transferred to the new service. Customers therefore have to apply for a new account and of course also receive a new IBAN. The new partner bank should offer a moving service for taking over standing orders and the like.
New bonus program from autumn
The previous bonus program, which had additional megabytes for the data volume for credit card sales, for example, should not be continued in this form. From the coming autumn, new discounts would take the place, for which no details have yet been given. Customers could open a new account from May 31, when the new banking partner is announced, Telefónica explained.
As for the reasons for the split, a Telefónica spokesman said: "O2 banking was well received by customers. However, there were different opinions between Fidor and us regarding the goals and strategies to be pursued. Therefore, Fidor Bank and O2 jointly decided to pursue their goals and strategies independently. "
For Fidor Bank, which has long been struggling with red numbers, the separation could be a major setback: O2 banking customers puts the usually well-informed specialist blog financial scene with around 70,000, which makes up a fifth of 340,000 Fidor customers. Telefónica did not disclose the number of users. A response from Fidor to a request for comment is still pending.
. (tagsToTranslate) current account (t) O2 Banking (t) O2. Fidor (t) online banking (t) Telefónica