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Who is Solaris?
Solaris is Europe's leading Banking-as-a-Service platform. As a technology company with a full German banking license, Solaris enables other companies to offer their own financial services. Via APIs, partners integrate Solaris’ modular banking services directly into their own product offering. The platform offers digital bank accounts and payment cards, identification and lending services, digital asset custody as well as services provided by integrated third-party providers. Solaris is regulated by the European Central Bank and the German Federal Financial Supervisory Authority, BaFin.
Is Solaris subject to banking supervision by BaFin?
Yes, Solaris has a full German banking license and is therefore subject to the supervision of the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin).
Will I receive unsolicited e-mails from Solaris?
You will not receive any advertising from Solaris. All communication towards you will typically take place via our partner or directly within the App of our partner. Due to the contractual relationship between Solaris and the partner, you may however receive notifications from both parties in the course of using this product.
I want to collaborate with Solaris, how can I do this?
Please answer a few short questions here so we can evaluate your needs. We will respond to your enquiry as soon as possible.
I have heard about the BGH ruling on AGB changes - can I successfully reclaim fees already paid?
In its ruling of 27 April 2021, the German Federal Court of Justice (BGH) ruled that clauses in general terms and conditions ("GTC") may be invalid if they simulate the customer's consent to changes in the GTC in the absence of an objection within a certain period of time. Solaris also used a corresponding clause in its GTC.
Since the publication of the ruling, Solaris will only make material changes to the contract, which include changes to our list of prices and services, with your express consent. For this purpose, Solaris will send you a notification of the planned change and its background via cooperation partners. You have the option of accepting or rejecting this change. In the absence of a response within two months, Solaris must assume that you are not actively using the account and will restrict your access to Online Banking until you have provided a response.
Another consequence of the ruling is that bank customers can reclaim the overcharges they have paid on the basis of unlawful increases. These can be, for example, account management fees or other fees for payment services. The refund obligation applies to all claims for refund that are not yet time-barred. Please note that Solaris has only introduced or increased isolated fees by means of an amendment to the GTC during the relevant period. If you are of the opinion that a fee adjustment should have been inadmissible, please contact Solaris’ Customer Support via e-mail to firstname.lastname@example.org.
How does Splitpay work?
Splitpay is a credit line that is granted to you by Solaris (creditworthiness provided). Once the Splitpay credit line has been granted, you can make use of consumer loans through Splitpay for certain card transactions you make.
Who grants the Splitpay credit line?
The credit line is granted by Solaris, based in Berlin and fully licensed by the German Federal Financial Supervisory Authority (BaFin) as the loan contract is between the customer and Solaris.
Will the Splitpay credit line be entered into SCHUFA? In which way?
Splitpay credit lines will be reported to SCHUFA and entered in your SCHUFA credit report 20 days following successful registration for Samsung Pay. This entry may have a positive or negative impact on your credit score, also known as your "SCHUFA-Score." Installment payments with Splitpay are not reported to SCHUFA, regardless of how many Splitpay transactions you may have. An inquiry ("Anfrage") however has no effect on your creditworthiness and remains on-file with SCHUFA for a period of 12 months.
Will my credit rating / scoring be checked?
We are legally obliged to check the creditworthiness of the applicant. This check is always carried out with every loan and credit line application. For the scoring we use both the data from your "Kontocheck" account check and the information provided by the SCHUFA.
When do I find out if my Splitpay credit line application was successful?
Immediately after the digital contract signing, you will be informed about the Splitpay credit line decision and the volume of your credit line in our partner's front-end as well as via an e-mail.
What is the difference between a "request" ("Anfrage) and an "entry" ("Eintrag") at SCHUFA?
A SCHUFA entry ("Eintrag") refers to any entry in the credit report. Entries may have a positive or negative impact on your credit rating, also known as your SCHUFA-score.
Solaris SE is legally obligated to make an request ("Anfrage") and review the creditworthiness for all banking service registrants during the registration process. This inquiry is executed during the account registry process and each time a credit line application is made. Solaris reviews data from your account snapshot alongside the information received from SCHUFA for this purpose. A request ("Anfrage") has no influence on your creditworthiness and remains on-file with SCHUFA for a period of 12 months.
Can I apply for a Splitpay credit line as a freelancer?
Unfortunately not. A prerequisite for applying for a Splitpay credit line with Solaris is the receipt of income from gainful employment.
Who can apply for a Splitpay credit line?
All employees, civil servants and pensioners can receive the Splitpay credit line if they fulfill the following conditions: they must have a permanent residence in Germany, be over 18 years old and must be able to demonstrate a positive credit rating and positive financial situation. Each applicant also needs to identify themselves before entering into a credit line agreement.
Can I add a second borrower for the Splitpay credit line application?
At the current time, it is not possible to consider a second borrower within the credit line application process.
What is the purpose of the account check ("Kontocheck")?
As a fully licensed bank, Solaris has to assess the risk of a loan or credit line and decide whether it can be approved on an individual basis. For this purpose, Solaris uses the information in the salary account of the applicant to automatically get an overview of your financial situation. This is a much more convenient and faster option for the applicant than copying, scanning and emailing bank statements and salary slips, which entail the same information.
How does the account check ("Kontocheck") process work?
The account check ("Kontocheck") analyzes your salary account information to provide an overview of your financial situation. To do so, you have to enter the access data for your salary account during your application for the loan or credit line. Your data will not be saved, but used exclusively for checking your creditworthiness and will be transmitted via an encrypted connection.
What is a SEPA direct debit mandate?
A SEPA direct debit mandate is the legal justification for the collection of SEPA direct debits. A mandate includes both the payer's consent to collect payments by SEPA direct debit to the payee and the order to the own payment service provider to redeem the payment.
I would like to cancel my Splitpay credit line agreement and insist on the deletion of the SCHUFA entries
If you would like to exercise your right to revoke your contract within the statutory period of 14 days, your credit line and thus the use of Splitpay will be revoked. In the event of termination during the revocation period, there will be no entry in your SCHUFA credit report. SCHUFA requests ("Anfragen") have no impact on your credit score and will be deleted by SCHUFA after 12 months. If you have already utilized loans within your Splitpay credit line, the loans already disbursed, plus the interest to be paid for the period of use, must then be repaid to Solaris within a maximum of 30 days from the date of revocation.
How do I pay my loan installments?
The installments are deducted directly from your account by direct debit mandate each month.
Why was my loan or credit line application rejected?
The credit decision is made on the basis of all the data available to us and is generally not based on a single factor but on an assessment of your overall economic situation. Please make sure that the current account used for the application is an individual account on which your regular salary is paid.
To which account can I transfer unscheduled repayments?
If you want to perform an unscheduled repayment, you can transfer the payment to your loan account IBAN. Your loan account IBAN is shown by our partner in your application. If you cannot locate your loan account IBAN, please get in touch our partner's Customer Support team above.
Does my house bank account have to be registered with SCHUFA to use Splitpay?
To register for Splitpay, you need a current account in Germany, which is registered with SCHUFA. In principle, all bank accounts are reported to SCHUFA. In exceptional cases, some banks do not report the opening of an account to SCHUFA - for example, in the case of so-called "basis accounts." Ask your bank whether your current account has been reported to SCHUFA. If you have another account that is registered with SCHUFA, please restart the registration process using its corresponding IBAN.
Data protection & privacy
Where is my personal data being stored?
Compliance with data protection regulations is of great importance to Solaris. Your data will be handled confidentially and will not be transmitted to third parties, apart from the third parties we inform the customer about in out Information on Data processing. For further information please check here and here.
How do I find out what Solaris knows about me and my personal data?
In accordance with GDPR, Solaris provides transparency about storage of personal data upon request. Please reach out to the customer support of our partner above.
What does Solaris do with my tax information?
As a bank we are required by law to collect your Tax ID and report it to the regulatory authorities.
How does Solaris protect my customer data?
As a processor of personal data, Solaris is subject to data protection policies as per the present regulations. Due to this, it operates with secured servers and encrypted Internet connections.
Sign up and registration
Can Solaris exclude some passports or regions from registration?
General exclusion of passports or regions can only be made due to the non-fulfillment of security measures during the identification process. In addition, Solaris may reject a customer due to compliance policies.
Why is it important whether I am taxable in the USA?
Due to the Foreign Account Tax Compliance Act (FATCA), we can only accept customers that are not taxable in the USA.
You need to speak to our customer support team directly?
Solaris Customer Support Team
Monday-Friday, 13:00 to 15:00
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