My German Finances
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Vivid is a checking account that allows you to create multiple separate pockets under one account. They support Apple Pay and Google Pay, with secure and instant payments. Their mobile banking app interface is in English. The banking app is accessible by simply entering your mobile number and a link is sent for you to download directly to your phone. They allow you to custom make your card according to your preferences. Vivid allows you to purchase different currencies in advance which helps you save money on exchange rates. Spend abroad with no extra fee charges, anywhere in the world.
Vivid is a new neo-bank in Germany with a “digital-first” approach. Their “pockets feature” is one of the simplest and reliable methods to organise and keep track of your spending savings. Pockets can be used as different separate accounts to save money for your personal use, travel expenditure, make payments in different currencies and make you money on trading. Money transfer between pockets is absolutely free, just drag and drop between pockets, any amount you want. Payments through separate pockets are accurate and correctly distinguished even in different currencies. Vivid identifies the correct pocket to make payment from and in the right currency. They allow you to closely monitor your subscriptions and how much they cost, and choose which ones to cancel or update. They offer virtual cards which are just as convenient as physical cards.
Vivid allows you to withdraw up to €1,000 absolutely free, anything above that is charged a small minimal fee which is used for their maintenance cost. Their users get a current account and a debit card. Vivid users can manage their money from the mobile app. The physical card does not feature any identification details/information; there’s no card number, expiry date or CVV (Card Verification Value) number, which makes it very safe and secure, you have to access the mobile app to see those details. You can lock and unlock your card with the mobile app. They provide a deposit protection guarantee of up to €100,000. You can trade your cash for precious metals with Vivid, also a form of wealth protection and investment. With Vivid you earn when you trade, and make profits. They offer a Free Premium Account for one month.
The types of accounts: Vivid offers two types of accounts: Vivid Standard and Vivid Prime. We’ve outlined all two accounts below, but here’s a quick overview:
With every account you will get:
Vivid Standard is their free account plan with zero charges for sign up. This is a great account to begin with if you are looking to familiarise yourself with their mobile banking services.
For Vivid Standard Account:
Vivid Prime Account is their paid plan account with a free subscription valid for one month. It comes with more additional features and upgrades. If you choose to proceed with the Vivid Prime Account after one month, a payment of €9.90 per month after is required. If not paid, you will only have access to their Vivid Standard Account free plan, but your metal card acquired with the Vivid Prime Account plan will remain working as usual. Paid plan starts after you confirm your subscription.
For Vivid Prime Account:
Set up an account in just five minutes with the following easy steps. All you are required to do is to enter your phone number and they’ll send you an invite link via SMS. Their app is available on both Google Play and Apple App Store and can be downloaded there.
