Freistellungsbetrag for different accounts but same bank

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Feierabend
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Freistellungsbetrag for different accounts but same bank

Post by Feierabend »

Could someone kindly clarify:
I'm opening two accounts in Trade Republic, one for Tagesgeld and one for Festgeld. Can I divide half my Freistellungsbetrag between the two ie 500€ each, or should I just assign all the allowance ie 1000€ to just one, as it's the same bank? I understand that if you have accounts in different banks you can apportion the allowance between them but two accounts in the same bank? Thanks.
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PandaMunich
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Re: Freistellungsbetrag for different accounts but same bank

Post by PandaMunich »

The Freistellungsauftrag always counts per bank, not per account.
Feierabend
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Re: Freistellungsbetrag for different accounts but same bank

Post by Feierabend »

Thank you Panda for clarifying.
(I have since discovered that TR doesn't actually have a classic Festgeld option, in case anyone is looking for it.)
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