Renault Bank

What Renault Bank does

Renault Bank direkt is a German online-only direct bank operating as a branch (Niederlassung) of RCI Banque S.A., the automotive financing arm of Renault Group operating under the Mobilize Financial Services brand. Founded in 2013 and headquartered in Neuss, the bank serves German-resident retail customers exclusively through digital channels (website, mobile apps, and online banking portal) with no physical branches or ATMs. Its product surface is narrowly focused on euro-denominated savings: Tagesgeld (call money accounts) paying up to 3.50% p.a. for new customers with monthly interest and daily liquidity, and Festgeld (fixed-term deposits) for 1- to 5-year terms paying up to 3.00% p.a., distributed through individual, joint, and under-18 (U18) account structures.

The technology stack is mobile-first: account opening flows through Deutsche Post's POSTIDENT (eID, video chat, or post office verification), the SecureGo+ mobile app handles PSD2 strong-customer-authentication and transaction signing using push notifications and biometrics across up to three devices, and the Renault Bank direkt Banking app provides account management, transfers, and document access. Core IT is delivered by partner Atruvia AG, customer service is outsourced to SERVISCOPE AG, and the bank integrates with HBCI/FinTS 3.0 for third-party financial software compatibility. Apps are TÜV Saarland certified for secure data transmission and storage, and the bank has achieved BFSG/WCAG 2.2 Level AA accessibility compliance.

The bank makes money primarily through net interest margin on customer deposits, leveraging RCI Banque's balance sheet to deploy funds into higher-yielding assets. Standard account services are free, with fees only on special services such as document duplication. Customer acquisition is product-led and digital: organic SEO, third-party review platforms (BankingCheck, eKomi, Google), social sharing, and a EUR 20-per-conversion referral program (Kunden werben Kunden). All deposits are covered by EU statutory deposit insurance up to EUR 100,000 per depositor, and the entity is supervised by BaFin, ECB, and French ACPR.

Name

Renault Bank

Legal name

RCI Banque S.A. Niederlassung Deutschland

Website

https://renault-bank-direkt.de

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Renault Bank direkt is a German online-only direct bank and branch of RCI Banque S.A. (Mobilize Financial Services), serving German residents since 2013 with Tagesgeld and Festgeld savings products, a SecureGo+ authentication app, and a Banking app, all delivered without physical branches.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Retail-focused Neobanks (Mass Market) (FSABAFAA)

Keywords

• Retail savings banking
• Online deposit accounts
• Fixed-term deposits
• Call money accounts
• Direct bank services

Headquarters

HQ city

Neuss

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Interest Rate Spread on Savings: Generates revenue through interest rate spread between what is paid to depositors on Tagesgeld (up to 3.50% p.a.) and Festgeld (up to 3.00% p.a.) accounts and potentially higher-yielding investments or lending activities conducted by parent RCI Banque.
2. Account Fees and Service Charges: Free standard account services (opening, management, statements), with fees charged only for special services such as document duplication or return of direct debits as per price and service schedule.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Renault Bank direkt is an online-only direct bank in Germany offering retail savings products: Tagesgeld (daily-access call money accounts with variable interest rates up to 3.50% p.a. for new customers) and Festgeld (fixed-term deposits with guaranteed rates up to 3.00% p.a. for terms of 1 to 5 years). The bank operates without physical branches and relies on the SecureGo+ authentication app and Renault Bank direkt Banking app for digital account access. All deposits are protected under EU deposit insurance up to EUR 100,000 per depositor.

Product overview

Renault Bank direkt is a direct banking division of RCI Banque S.A. (Mobilize Financial Services) offering a focused portfolio of savings products, including Tagesgeld (daily deposit) and Festgeld (fixed deposit) accounts with terms from 1 to 5 years. These are complemented by the SecureGo+ authentication app required for all banking operations and the Renault Bank direkt Banking mobile app for on-the-go account management. Products are available as individual, joint, or under-18 accounts, with a customer referral program providing bonus incentives.

Differentiator

Problem solved

Functional benefit

Brands

• Renault Bank direkt Banking: Mobile banking application for managing savings and deposit accounts, viewing balances, and executing transfers.
• SecureGo+ Renault Bank direkt

Products and services

• Tagesgeld (Daily Deposit Account) A daily-access savings account with variable interest rates (up to 3.50% p.a. for new customers with a 3-month guarantee), monthly interest payments, and no minimum or maximum deposit limits. Available to German residents as individual, joint, or U18 accounts.
• Festgeld (Fixed-Term Deposit Account) A short- to medium-term savings product with fixed terms of 1 to 5 years and guaranteed interest rates for the entire term (up to 3.00% p.a.). Minimum deposit of EUR 2,500, no maximum limit. Interest paid annually or compounded. Available as individual, joint, or U18 accounts.
• Renault Bank direkt Banking-App Mobile banking application for managing Renault Bank direkt savings accounts on the go. Provides account overview, fund transfers to reference accounts, transaction history, push notifications, and digital mailbox access. Complements the web-based online banking portal.
• SecureGo+ Renault Bank direkt Two-factor authentication (2FA) and transaction signing mobile app required for all Renault Bank direkt online banking operations. Uses push-notification-based direct release (Direktfreigabe) instead of TAN codes. Supports Face ID/Touch ID biometric authentication and allows registration of up to three devices per customer.
• U18-Konten (Under-18 Savings Accounts) Savings accounts (available as both daily deposit Tagesgeld and fixed-term Festgeld) designed for minors under 18 years old. Managed by legal guardians until the account holder reaches adulthood, allowing families to build savings for children.

Quantifiable outcome

• Up to 3.50% p.a. interest rate on Tagesgeld for new customers (guaranteed 3 months)
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Deutsche Post AGcoreImplementation/ SI/ Consulting PartnerPOSTIDENT identification partner for KYC compliance. Provides three identification methods: eID (online ID function via smartphone), video chat, and in-person verification at post office branches. Essential for account opening verification of new customers.
• Atruvia AG (formerly Fiducia & GAD IT AG)coreTechnology or IntegrationIT services provider for software and information technology infrastructure. Processes customer data exclusively on documented instructions and is contractually bound under Art. 28 DSGVO for data protection compliance. May use subprocessors under joint controllership arrangements.
• SERVISCOPE AGminorImplementation/ SI/ Consulting PartnerCustomer service outsourcing partner handling customer inquiries through contact forms, email, phone, and live chat under instruction from Renault Bank direkt.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• BMW Bank: Automotive captive bank subsidiary of BMW Group offering Tagesgeld and Festgeld products to German retail customers. Highly comparable business model, target customer profile, and product set to Renault Bank direkt.
• Volkswagen Bank: Direct competitor as another automotive captive bank's German retail deposit franchise. Offers similar Tagesgeld/Festgeld products to German retail customers, leverages parent Volkswagen Group brand trust, and competes head-to-head in direct-bank savings rankings.
• comdirect (Commerzbank): Direct bank subsidiary of Commerzbank offering savings products, brokerage, and current accounts to German retail customers. Direct competitor in the German Tagesgeld/Festgeld savings rankings.
• Consorsbank: German direct bank subsidiary of BNP Paribas offering Tagesgeld, Festgeld, brokerage, and current accounts. Directly comparable retail savings focus and digital-only banking model.
• Opel Bank (Stellantis): Automotive captive bank of Stellantis offering Tagesgeld and Festgeld products to German retail customers. Highly comparable automotive captive bank model, brand-driven deposit acquisition.
• ING-DiBa (ING Germany): Germany's largest direct bank offering Tagesgeld, Festgeld, brokerage, consumer loans, and current accounts. Closest mass-market direct bank competitor for German retail savings deposits, with broader product suite.
• DKB (Deutsche Kreditbank): Direct bank owned by BayernLB offering Tagesgeld, fixed deposits, current accounts, and consumer loans to German retail customers. Competes directly on retail savings yield and digital banking experience.

Broad incumbents

• Santander Consumer Bank: German subsidiary of Santander Group offering Tagesgeld, consumer credit, and current accounts. Broader incumbent competitor in German retail savings market with deeper product portfolio.
• Volksbanken Raiffeisenbanken (cooperative banking): Large cooperative banking group in Germany offering savings products alongside lending, payments, and advisory services. Represents the broader incumbent competition for retail savings deposits in Germany.

Emerging players

• Trade Republic: Berlin-based fintech broker offering savings products, brokerage, and now interest-bearing cash accounts. Emerging challenger to traditional direct banks targeting younger German retail customers with mobile-first experience.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/renault-bank-direkt

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Renault Bank