Updated September 28, 2026
What is Federal Financial Supervisory Authority (BaFin)?
In short
BaFin is the German authority that licenses and supervises banks and financial firms, and it publishes their licence codes.
The Federal Financial Supervisory Authority is the German authority that licenses and supervises banks and financial firms, and it publishes a code for each licensed entity. A card from a provider holding a BaFin licence means the firm is supervised in Germany and there is a named authority to complain to. Bitpanda and Bitpanda Card hold licence MiCA CASP 9845005X9B7N610K0093, Deutsche Bank holds licence MiCA CASP 7LTWFZYICNSX8D621K86 and Trade Republic ES holds licence MiCA CASP 5299009IFX1XTKDY4568. A shared code can cover several brands in a group, so check that the product you are opening falls inside the same licence.
Sources
- esma.europa.eu, checked September 26, 2026