Change of deposit – Onvista, Flatex, Comdirect, DKB, Targobank


Today, in the midst of the ongoing Corona crisis, I would like to share my experience on my portfolio switch initiated at the end of 2019. After all, even in these times, it's important to think long-term. A cheap depot is perhaps not the most important building block for this, it is still worth investing some time in the choice of broker, as you can save many hundreds of euros in fees without risk. And risk-free return, is simply super! I carried out the change of custody account from Onvista, Flatex, Comdirect, to Targobank.

My securities account change

In the meantime, I have already changed my securities account several times. Multiple securities accounts have the advantage that you can pick the best from each provider and save a few costs. In addition, many custodian banks often have quite lucrative offers for switchers.

In most cases, you have to stay with the new provider for 12 months to be eligible for premiums. Since I had several securities accounts, I wanted to combine these accounts into one for the sake of clarity: Targobank's attractive switching premium made my decision easier.

Since the targo bank* is not the cheapest to buy later, I still maintain a depot at OnVista Bank*, where you can execute an order for 7 euros or a savings plan for 1 euro. I use this for subsequent purchases.

Additionally I use a DKB depot* to execute monthly savings plans. What I like very much about this is that you can execute Vanguard savings plans between 50 - 100,000 euros for 0.49 euros. By the way, I became aware of DKB's 49 cent promotion while researching this article.

My other depots at consor bank*, comdirect* and flatex* I have closed them because they no longer offer me any added value and I believe that investments should be structured as simply as possible. By the way, if you still have a Flatex custody account, I would also advise you to change custody accounts. With the upcoming penalty fee on deposits, the provider has once again proven what it thinks of regular customers.

You can read the whole article at Tobias on read up. My You can also find depot recommendations for 2020 here.

You are interested in investing with a Lombard loan. in the Securities loan comparison you can find the best providers in comparison

*Affiliate link: If you get to a provider via one of these links from my website and open an account there, I may receive a commission. This does not result in any additional costs for you. ❤️ THANK YOU for using these links! ❤️

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2 thoughts on “Depotwechsel – Onvista, Flatex, Comdirect, DKB, Targobank”

  1. Hi,
    thanks for the article.
    First of all, I am a "beginner" and would like to understand your paragraphs 4 and 5: you (I'll just "dutze" now) had several deposits and have combined them at Targobank (= total investment capital there?).
    To buy the stocks from the Targobank deposit at a lower price, you use OnVista and have the acquired shares transferred to Targobank? (immediately after acquisition or at what time?).
    Monthly savings plans are running at DKB. But how can I imagine this? What or how big is the basis of the savings plan? So did you start without a one-time deposit and save every month a Vanguard with e.g. 100€? or did you make a one-time deposit and on this basis of e.g. 5000€ you save?
    Isn't it better to save in the large Targobank deposit or do the savings plans serve a different purpose?
    So ICh don't understand why you don't save the "big pile" at Targobank.
    I hope you understand what I'm getting at 🙂

    Best regards

    • Hi Alex,

      yes, you have already understood that correctly.
      My holdings are with Targobank. One-off purchases, which I make infrequently but now and then, are executed via Onvista. My savings plan for the Vanguard World ETF runs monthly via DKB. I then transfer the amounts to my collective custody account at Targobank. This custody account model allows me to save a lot of fees and I also receive good premiums for the transfers from Targobank.
      So far, I have not bought anything via Targobank, as the fees at Onvista and DKB are simply much more favorable. In addition, I would not get a switching premium if I bought directly via Targobank.
      So the model pays off in two ways.

      Thanks for your comment ☺

      LG Sascha


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