DAB BNP Paribas

DAB BNP Paribas is a brand of the German branch of the French major bank BNP Paribas with business premises in Munich. The BNP Paribas brand for independent asset managers, fund brokers, investment advisers and institutional clients was founded on 18 January 1994 as the first discount broker in Germany, trading under Direkt Anlage- und Vermögensverwaltungs-GmbH, and started operations in May 1994 as Direkt Anlage Bank GmbH . As of 1 January 2016, the operating private customer business was transferred to the BNP Paribas S.A. branch Germany. On 12/13 November 2016, the DAB bank's online portal was shut down and all private customers transferred to Consorsbank.
The DAB is a direct bank that offers private individuals a free custody account. All common securities can be traded and stored via the bank. In addition, it advertises since February 2013 with a renewed banking offer with a free checking account in the center. As one of the first institutes to operate on the market without its own branch system, the DAB bank is competing with, among others, Comdirect, a subsidiary of Commerzbank. Other direct-bank competitors in Germany include ING-DiBa, Consorsbank, Sparkassen Broker and 1822direkt.

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