FIDOR BANK

hawaiian_girl

I have been set up with a savings account at this bank but they are asking for $13500 to convert it to a current account. When queried, they reduced it to $7500. Surely these figures aren't right? Has anyone had dealings with them? 

[Deleted User]

Was this intended for a UK forum? I can see Fidor do have a UK site but you're talking about $ not £

hawaiian_girl

It's an international online bank. I'm based in the UK but the bank deals with dollars. I just want to know if anyone has dealings with them and how things went. I feel like I'm being scammed by them 

colsten

Setting up a current account should cost nothing. If you want a dollar current account, have a look at Fineco Bank. There is also Wise, though they don't have a deposit protection.

Notepad_Phil

Are you 100% sure that you are dealing with the real Fidor Bank - a charge like that does seem to be very unusual.

Eyeful

As Notepad writes "are you sure you are dealing with the real Fidor Bank?"
According to "Compare Banks":- https://www.comparebanks.co.uk/bank/fidor-bank/
Fidor current accounts are free to open. I do not know if they have saving accounts. They do have a savings bond, but it appears to get it you must already have their current account. Have a look at the terms and conditions of your savings account and see what they say. 

maxximus75

Fidor Bank, UK closed it's business in September, 2019.

Fidor Bank, AG is base in Germany and offers digital current accounts - as far as I know, they don't offer savings accounts?

Alarm bells should be ringing if a bank is asking you to to "pay" to convert your account.... and even louder bells when they change the amount they charge.

I do hope  you have not deposited any funds in this account as it does sound like a scam from what you have described.... I would run an absolute mile!!