At Raisin, you can choose attractive deposit offers from European banks – online and from the comfort of your home. This is how it works:
- Open a Raisin Account with Raisin Bank via www.raisin.com. To successfully open the account please complete the registration process online. Additionally, we will ask you to provide a copy of a valid Proof of Address and complete our videoidentification process. You will then receive your personal login details and will be able to transfer funds to your Raisin Account.
- You will then be able to choose a deposit product from one of our partner banks in Raisin’s Online Banking System and submit the required documents. The opening of the deposit account as well as the transfer of funds to the partner bank occurs automatically. All important documents will be posted to your electronic mailbox in the Online Banking System.
- At the end of the agreed term, the partner bank will transfer the funds including accrued interest (less withholding tax) back to your Raisin Account unless you choose to prolong your term deposit, which you can easily arrange in the Raisin Online Banking System. Please note that you will only be able to prolong your term deposit.
Please note that it usually takes around 5 business days to open the term deposit account after we have received the necessary documents along with the funds.