Who is Vivid Money?
Founded in 2020, Vivid Money has only been on the market for a short while. It’s offering is similar to N26 bank, but Vivid is not as established. As a digital bank, the mobile application is the backbone of Vivid Money’s service promise. It allows you to make transfers, follow transactions, or block the card. Users receive automatic push notifications after incoming payments and when their card is used. The balance is updated in real time, and expenditures can be categorized.
What is Vivid Standard?
The Vivid Money Standard account comes with no monthly fee if used actively. This means you must have one or more card transactions during the calendar month, or your account balance must be at least 1,000 Euros. Otherwise, a monthly fee of 3.90 Euros applies.
Which bank cards does Vivid Standard include?
The account comes with a Debit Visa Card. It is suitable for store payments or online shopping. Unfortunately, debit cards are not always accepted for hotel bookings or car rentals. Vivid Money does not offer credit cards or Girocards. However, the card offers other perks: it is an eye-catcher and does not show any personal or bank details. This info is safely stored in the mobile app.
New customers receive a free month of “Prime Membership.” Hence, the first digital card is issued for free instead of 1 Euro. Moreover, Prime members can order a metal card they can keep even if they decide to continue with the free plan. Unfortunately, issuing a physical card has a one-time fee of 19.90 Euros.
Can I withdraw cash for free with the Vivid Standard account?
The account allows free cash withdrawals at all ATMs worldwide, with a maximum monthly withdrawal amount of 200 Euros. If you exceed the monthly withdrawal amount or perform withdrawals of less than 50 Euros, fees of 3% (min. 1 Euro) are applicable.
How much does using my Vivid Standard bank card cost abroad?
Payments in other currencies incur no fees. Different currencies can also be bought and stored in separate sub-accounts “pockets.”
Can I use my mobile phone to pay with Vivid Standard?
As a mobile-friendly bank, Vivid Money supports Apple and Google Pay.
Does Vivid Standard include sub-accounts?
Every account comes with 3 free sub-accounts (“pockets”) that have their own bank account number (“IBAN”) and can be connected to your card before any transactions. Pockets can also be shared with other Vivid members, e.g., to set up a household account. There are different “pocket”-types for daily funds, savings, and investments.
Does Vivid Money offer joint accounts?
Vivid Money does not offer joint accounts with both persons as equal account holders.
Alternatively, everyone must create a Vivid Money account, set up a free sub-account, and invite others to join. Every sub-account disposes of its account number (IBAN) and can be flexibly connected to the Visa Debit Card.
What languages does Vivid Standard support?
Vivid is a friendly option for expats and foreigners newly arriving in Germany. Its interface and customer service are available in German, English, French, Spanish, Italian, Dutch, and Portuguese.
Can I open an account with Vivid Money from abroad or without a residence?
Accounts can be opened online from all over Europe: Germany, Austria, France, Spain, Italy, the Netherlands, Belgium, Portugal, Finland, Luxembourg, Slovenia, Estonia, Greece, Slovakia, Poland, Sweden, Denmark, Norway, Liechtenstein, Iceland, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Hungary, Latvia, Romania, Sweden, Switzerland, and the UK.
Can I use my Vivid Money account as a freelancer or self-employed person?
Freelancers and self-employed individuals can visit a Standard account for private purposes only. There are also business accounts for transactions with business partners.
What other perks does the Vivid Standard account include?
- Cashback:As an active user, you can collect cashback when using the card.
- Service portfolio:Vivid offers options for digital investments and savings.
