Construction account and account management fees

Hello,

for the construction financing of our single-family house (starting spring 2014), a construction account was created by the Raiffeisenbank.

However, I was really shocked that I have to pay account maintenance fees. It's not the "end of the world," but still unnecessary!

Now my question:

How long do you need the construction account? Is it only for the period until the house is completed?

Or until the end of the financing?

I have opened an additional free checking account (actually for another purpose). Can this also be used as a construction account?

Regards and thanks!!

Talk to your banker. At the Volksbank, I also initially had account management fees. One call and I got them refunded and didn’t have to pay any more afterwards. At the Volksbank, it does not seem to be common (if one may generalize from one to all).

Thank you. Yes, I have already sent him an email. Let's see what he thinks....

Do you know if the construction account is only needed until the completion of the house or until the end of the financing?

We have a "Girokonto" as a construction account. We use it until the end of the financing because every month KfW is credited there and debited quarterly.