Earlier in 2017, the car manufacturer's affiliated bank withdrew from personal accounts in the Polish market
Personal accounts are again on offer from Volkswagen Bank on the Polish market. The institution offers two service packages: Standard and Gold. Within the first one, you can use a personal account and a Visa debit card free of charge and you pay 1 PLN for cash withdrawals from ATMs. The Gold package costs PLN 9 per month, but the subscription includes free ATMs in Poland and Europe and no currency conversion fees.
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Accounts can be managed via a web-based transaction service and a mobile application. The latter is available for both Android and iOS devices, features mobile authorisation for confirming transactions ordered online and allows login using biometrics. Applications to open accounts are made online. A contract for signature is brought by courier.
A distinctive feature of Volkswagen Bank's offering are Visa payment cards with images of new and vintage cars produced by the German concern. One of these may be the Porsche Taycan, the brand's first all-electric model. The bank announced the introduction of this card in yesterday's press release.
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The return of VW Bank with a personal account offer is quite surprising news, as Volkswagen had already offered personal accounts in Poland in the past (under the Volkswagen Bank Direct brand it was one of the first three online banks in Poland), but in 2017 it completely changed its strategy and withdrew them from sale and terminated contracts for existing customers. It now appears that it has changed strategy again.