Editing Vivid Money

{{DISPLAYTITLE:Vivid Money (FAQ, Screenshots, €40 Bonus)}}
'''Vivid Money''' is an online bank from Germany. It

* offers '''English support'''
* does '''not require a registered address''' to open an account
* charges '''no monthly fee''' for the standard account.

{{AffLink|Vivid website|vivid}}
{{FAQ|
{{FAQ/Item|q= Which documents do I need to open an account? |a=

* a supported ID or passport
** see here [https://help.vivid.money/en/articles/5940643-how-do-i-verify-my-identity the current list (last paragraph])
** (note: passports from Ukraine 🇺🇦 are accepted) 
* You do not need a registered address.

}}{{FAQ/Item|q= How is my money protected? |a=

* Vivid is supported by [https://en.wikipedia.org/wiki/Solarisbank solarisBank], which holds a '''German banking license''', so your money (up to '''€100,000''') is '''protected''' by the German [https://en.wikipedia.org/wiki/Deposit_insurance#European_Union Deposit insurance].
* So even if Vivid '''goes bankrupt''', your money will be '''safe''', guaranteed by the German state.

}}{{FAQ/Item|q= How much does Vivid cost? |a=

* Opening and '''keeping''' the account is '''always free'''. (So even if you stop using it, you can keep it, without paying anything.) 
* '''Paying''' with the Visa card is '''always free''', no matter if in EUR or another currency. Even better, when paying abroad, the will '''show''' you immediately the price in the '''foreign currency and in EUR''', too. So you can see better how much you paid.

}}{{FAQ/Item|q= How can I withdraw cash? |a=

* You can use any machine, in Germany or abroad. 
* '''Withdrawing cash''' at bank machines is '''free''' up to '''€200 per month'''.
* If you withdraw money, it must be '''€50 or more''' per withdrawal. If you withdraw more or less than these limits, you pay '''3%''' (but not less than '''€1''').

}}{{FAQ/Item|q= How can I deposit cash? |a=

* You '''cannot deposit cash''' onto your Vivid account.
* To top up your account, you can only send '''SEPA transfers'''.

}}{{FAQ/Item|q= What transactions can I make & receive? |a=

* You can make and receive any '''SEPA''' transactions.
* For example, with Vivid you can: 
** '''receive salary''' from your job 
** '''pay rent''' to your landlord.

}}{{FAQ/Item|q= Which card do I get with Vivid? |a=

* If you top up your account with €200, you get a '''free VISA debit card''' (made from '''metal'''), sent to your home by mail. 
* Additionally, you get a '''virtual Visa card''' for free.
* And both cards, you can "'''freeze'''" (=block) and '''unfreeze''' in the app with one tap.
* This makes the virtual card an '''ideal tool for online payments''': Keep it always frozen, and only unfreeze it when you make an online purchase. This way, even if the card number gets stolen/hacked, it cannot be used.

}}{{FAQ/Item|q= What account number (IBAN) do I get? |a=

* You get an account number (IBAN) from '''Germany''' 🇩🇪.

}}{{FAQ/Item|q= In which language can I use Vivid? |a=

* The app and the customer support are available in:
** English 🇬🇧
** French 🇫🇷
** German 🇩🇪
** Italian 🇮🇹
** Spanish 🇪🇸
* Customer '''support''' is available via '''chat''' in the app.
* Their first reply comes usually after 5 to 30 minutes.

}}{{FAQ/Item|q= Can I use Vivid on my desktop computer? |a=

No. You can manage your account only from your smartphone (Android or iOS/Apple).

}}{{FAQ/Item|q= Can I hold & exchange to multiple currencies? |a=

* Yes, you can '''hold 40 currencies''' in the free plan and 100+ in the paid plan.<ref>{{Cite|url=https://vivid.money/en-eu/compare/|date=2022-05-03|quote=Currencies in free separate pockets: Up to 40 currencies / Up to 107 currencies}}</ref>
* You can also exchange between the currencies in the app.
* However, you can '''send & receive only EUR'''.

}}{{FAQ/Item|q= Can I also save money? Can I invest in shares & ETFs? |a=

* Yes, kind of: You can buy '''fractional shares'''<ref>{{Cite|url=https://help.vivid.money/en/articles/5964211-what-are-fractional-instruments|date=2022-05-03|quote=With our fractional trading services, we offer fractional shares, fractional coins and fractional precious metals which are all fractional instruments.}}</ref> from more than 1000 US and EU companies and ETFs, '''without any transaction fees''' and '''no minimum''' investment. 
* However, different than at [[Germany/Banking/Brokers|actual brokers]], you '''do not directly own''' your shares & ETFs. They are bought by a partner of Vivid (called ''CM Equity AG'') and then linked to your investment pocket. (That's how Vivid can offer this without any transaction fees.) 
* Also, should their partner go bankrupt, your money is [https://help.vivid.money/en/articles/5967888-what-s-the-nature-of-fractional-instruments still protected] (90% of it, up to €20,000).

}}{{FAQ/Item|q= Can I buy Bitcoin and other cryptocurrencies? |a=
* Yes, crypto currencies, such as Bitcoin, Ethereum, etc.<ref>{{Cite|url=https://https://vivid.money/en-eu/investments/crypto/|date=2022-05-03|quote=Buy 150+ crypto coins without any delay …}}</ref>

}}{{FAQ/Item|q= Is there a bonus for new customers? |a=
* Currently, you get €40 in cashback after [[#open|doing all the steps from here]].
}}
}}
== Screenshots ==
<gallery mode="traditional" widths=150px heights=300px>
File:Vivid.pockets.jpg|Main screen: Money can be put into different pockets
File:Vivid.timeline.jpg|Timeline: Lists all payments
File:Vivid.timeline.analytics.jpg|…and analyses them automatically 
File:Vivid.payments.jpg|Payments: Send or request money to/from others
File:Vivid.payments.more.jpg|…more options
File:Vivid.card.jpg|Visa Cards, metal & virtual
File:Vivid.card.settings.jpg|Card settings
File:Vivid.currencies.jpg|Hold multiple currencies
File:Vivid.currencies.exchange.jpg|… & exchange them in the app
File:Vivid.crypto.jpg|Buy cryptocurrencies
File:Vivid.crypto.buy.jpg|… list of available currencies
</gallery>

== Alternatives ==
* There are more [[Germany/Banking|EUR bank accounts from Germany]].

== More Reviews ==
* [https://www.youtube.com/watch?v=X0oY6u3VR8k Video review] by ''[https://berlincheap.com/ BerlinCheap.com]'':<br/> {{Youtube|X0oY6u3VR8k}}

<div id="open" />

== Open a Vivid Bank Account ==

# {{AffLink|Click here|vivid.register}}.
# Enter your ''' phone number'''. You can use Vivid only with a smartphone.
# You will '''receive a SMS''' with a '''link''' to download the Vivid app. '''Install''' the app.
# Open the app and '''create a new account''' with the '''same phone number'''.
# Do the '''video verification''' in the app. You will have a video call with an agent and during the call you will need to '''show your ID card''' or '''passport'''.

To get your free Visa card:

# Put at least '''€200''' on the account (e.g. make a '''SEPA transfer''' to your Vivid IBAN account number).
# Your '''Visa card''' arrives per '''mail'''. It should take around 3-5 business days.

To get the '''signup bonus''' (€40 in cashback):

* On 3 different days,
* with your new Vivid Visa card,
* spend each time at least €10 in a store or supermarket,
* within 90 days of opening your account.

[[Category:Banking]]

{{Notes}}