Telefónica and the online bank Comdirect want on 29. October launch their new “O2 Money” app, which offers O2 customers a “financial assistant” and bonus interest on current account balances. Customers who already have an O2 banking account should be able to receive two percent interest per year; Anyone who connects another current account with the app can get one percent per year.

However, the interest only applies if you log on to “Data transfer of account information to O2” as part of the bonus program, as can be read in the small print. A spokeswoman said on request: “O2 will enable the use of aggregated account data to improve the assessment of creditworthiness and to determine advantageous and more suitable offers.” In addition, you have to be an O2 mobile phone or DSL customer with a term contract and no delay in payment. Likewise, the interest is only credited to the monthly average credit up to a maximum of 3000 euros – more than 60 euros per year are therefore not to be expected if you have your

Budget book and contract overview The financial assistant should have functions such as a budget book , an overview of current contracts and a monthly budget overview bring transparency to the personal financial situation. In addition, there are the online banking functions that are already available in the previous app “O2 Banking”. If you use this, you only have to carry out an update and then receive the new “O2 Money” app. Otherwise, nothing will change in the O2 current account package – this includes account management, Girocard and Visa debit card, support for Apple Pay and Google Pay and up to three cash withdrawals as free services.

Telefónica has long ago