Annual review of financial situation

Is the procedure now actually regulated by, for example, the Federal Financial Supervisory Authority or self-imposed responsible actions by the banks.

Both partly legal requirements and the bank's self-protection.

Is the procedure now actually regulated by, for example, the Federal Financial Supervisory Authority or is it self-imposed responsible behavior by the banks.

By the way, I do not share the opinion that it is just "a bank." "The bank" accompanies and supports my life planning within the limits possible. I am also not a fan of online banks. My "traditional" house bank has known me since my youth, accompanies me in all endeavors, and has so far proven to be consistently flexible.

Of course, because they earn from you. If it becomes unprofitable, they are gone. They also simply weigh whether it is worthwhile overall or not. As a reliable contractual partner: yes. More: definitely not.

Well. I also don’t have a primary bank and only happened to have an account with the home construction financing bank earlier. But it is still to some extent a partnership relationship that you enter into. It starts with the disbursement and release behavior when paying construction invoices. If you later find yourself in a tight spot, it’s not just black and white. Even if banks ultimately act selfishly. In those shades of gray, good contacts still have a lot of room for maneuver.

The following article sheds some light on the matter:

https://de.wikipedia.org/wiki/Kreditw%C3%BCrdigkeitspr%C3%BCfung

In my contract, Volksbank from this year, such a clause is included. Whether someone will get in touch, we will see next year.