Comdirect Bank

Comdirect Bank Aktiengesellschaft was the third-largest German direct bank and was based in Quickborn, Schleswig-Holstein. Founded by the Commerzbank in 1994, the company went public in 2000. The Commerzbank integrated the company on November 1, 2020.

In 1994, the Commerzbank desired to expand its business and customer base and therefore decided to establish a direct bank. Commerzbank founded Comdirect, which was registered in December 1994 as a private limited company . It began operations with 50 employees and 50 million Deutsche Mark on equity in January 1995. The company positioned itself not as a traditional direct bank like seen before, but instead as a universal bank for private customers with a wide range of specialized products. One of the first products of the Comdirect Bank was a money market account. Also, securities trading became one of the top priorities.

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