Megabytes not meagre interest:

O2 Banking - Telefónica revolutionizes mobile banking

-Germany’s first mobile-only bank account
-Innovative full digital banking experience
-Comprehensive bonus services for O2 customers
-Cooperation with Fidor Bank AG
For all those tired of waiting in line at the bank counter as well as of impractical online banking, O2 Banking is the ultramodern digital alternative. In late summer 2016, Telefónica Deutschland will launch the first fully mobile bank account with a number of benefits for O2 customers. Whether opening an account, checking account balance and credit card payments or placing standing orders – everything will be handled quickly and easily via smartphone. O2 Banking also includes a free MasterCard, which customers can use to draw money from ATMs all over the world, to conveniently pay contactless in millions of shops or online. Its highlight: O2 Customers that use O2 Banking as their salary account or pay per credit card regularly, will be rewarded with additional data volume. With this offer, Telefónica Deutschland again provides a forceful customer orientated solution for its customers’ digital lifestyles – while substantiating its role as pioneer of digitization.
"We are offering our customers megabytes – not meagre interest with our innovative digital smartphone-centric banking services,” says Markus Haas, COO of Telefónica Deutschland. “O2 Banking is a lot more than just an app for online banking. We are turning your smartphone into a fully-fledged bank account with revolutionary functionality and unique user-friendliness. This is genuine added value. In doing so, O2 inspires existing as well as new circles of customers and profits from the massive growth of the mobile banking market.”

Additional data volume and all you need for transactions is a mobile number

In addition to the standards of the mobile banking business, O2 Banking will from the very beginning offer unique benefits. Accounts can be opened within a few minutes – no more queuing up in the bank. Registration is made particularly easy with legitimation done via video call on your smartphone. To make transactions, all that will be required is the recipient’s mobile number listed in the personal address book. O2 Banking offers O2 customers a smart user-friendly alternative to traditional transactions via IBAN. Foremost, however, O2 customers will be rewarded with a modern currency. They receive additional high-speed data volume. Depending on the monthly card transaction volume and the use of O2 Banking as payroll account, the data bonus will be increased. During the trial phase and until the market launch in late summer 2016, O2 Banking will review different scales of volumes.
Markus Haas, Telefónica Deutschland (left) & Matthias Kröner, Fidor Bank
The full-value bank account will comprise substantial security features as possibilities to lock or unlock the O2 Banking MasterCard anytime with the app. With a detailed financial planner, customers benefit from full transparency of their spendings. Even small instant loans can be obtained at all times. Push notifications will provide real-time updates on transactions and events on your smartphone and your smartwatch. Further features are already in planning and will be added in the next months. The public version of O2 Banking will be available for Android and iOS devices starting summer. The beta-test with select customers will start only days from now. Their feedback will directly influence further development and optimization. O2 Banking is realized in cooperation with the Munich FIDOR Bank AG, a direct bank registered in Germany. Founded in 2009, the institution specializes in digital financial services for “Millennials”. For its innovative power, the Fidor Bank AF has recently been distinguished as "Global Growth Company" by the World Economic Forum (WEF). Registration for o2 Banking is starting immediately at is available as of now. As soon as o2 Banking is available, registered users will be informed automatically.