PSD Bank Nürnberg review

The current account carries a monthly fee of €2.90. That sits above a site monthly fee median of €0, so the account is not among the cheapest on price alone. The charge is the cost of holding the account, separate from anything you spend on the card.

Yes, the Classic card is priced at €29 a year. That is well above a site annual fee median of €0, so the card only makes sense if you use the extras it carries. The visa network and the travel bonus are the two features behind that price.

The card type is debit and it runs on the visa network, so it draws directly on the current account balance. The Classic card also works as a credit card, recorded as the card kind credit, which adds a revolving borrowing option on the same card.

The rewards rate is a travel bonus on bookings made through PSD-MeineReise with the Classic card, listed among the card perks 4 Prozent Reisebonus via PSD MeineReise. Shop and restaurant spending on the visa card earns nothing extra, so the reward only helps if you book travel through that service.

The provider is PSD Bank Nürnberg eG, a German cooperative bank. The account and the card are sold as a pair from the same institution, which means the card works against the current account balance held there rather than as a standalone product.

Varo charges $0 a month and Wise charges £0, while the PSD Bank Nürnberg account costs €2.90. On monthly cost alone the German account is the most expensive of the three. It competes on the card extras rather than on price.

It fits a customer who already holds a euro current account at the bank and wants a visa card with a travel bonus on bookings made through the bank's travel service. It suits people who accept a monthly charge and an annual card charge in return. It does not suit anyone shopping mainly for a free account.