Here you can find frequently asked questions for our partner smava. Before you start looking for an answer here, we suggest you consult smava’s own customer support first.
Phone: +49 800 000 98 00
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.
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).
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.
Please answer a few short questions here so we can evaluate your needs. We will respond to your enquiry as soon as possible.
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 email@example.com.
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.
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.
As a bank we are required by law to collect your Tax ID and report it to the regulatory authorities.
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.
For regulatory reasons, you must identify yourself to use this product. Currently, you can identify yourself through a video ident process, from home or mobile. A connection will be established between you and our video ident provider, IDNow, to check your ID card/passport.
The link is valid for 14 days.
The VideoIdent process is completely digital and is typically completed in fewer than 10 minutes.
Solaris is a purely digital bank. Hence, we do not have any branches. Please use the identification method provided to you by our partner.
It is possible that the identification was interrupted due to instability in your internet connection. It can also be that the lighting conditions or your camera resolution were insufficient to detect and document all the security features of your ID document.
The VideoIdent process always meets the highest technical security standards and is approved by the regulatory authorities. All your data is subject to applicable privacy policies.
For new customers, the law requires Solaris to perform a unique identity verification (legitimacy). These are carried out by our service provider IDnow.
In order to identify our customers, we use IDnow as a service provider for identification processes. You will need internet access, a computer with a webcam or a smartphone or tablet and a valid identification document. The identification takes place via a live video connection to an IDnow agent. Experience has shown that the customer needs a stable internet connection. It is therefore advisable to conduct the identification from a WiFi network to avoid the process being aborted.
The loan 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.
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.
Yes, but the request to the SCHUFA is a pure condition request and thus completely scoring neutral, since the result of the credit request is not conveyed to the Schufa. The deletion of this request occurs automatically and is not visible to other banks. A rejection of your loan application thus has no negative impact on your SCHUFA score.
Unfortunately not. A prerequisite for applying for a consumer loan with Solaris is the receipt of income from gainful employment.
All employees, civil servants and pensioners can receive the consumer loan 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 loan agreement.
At the current time, it is not possible to consider a second borrower within the loan application process.
The entire application process can be completed digitally. From application and identification to signing the contract: you don't have to print out or send any documents by mail.
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.
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.
Please contact us with an e-mail to firstname.lastname@example.org. We will then send you the form for a new SEPA direct debit mandate by e-mail.
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.
You can revoke the credit agreement within 14 days after payment. The revocation must be made in text form.
The installments are deducted directly from your account by direct debit mandate each month.
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.
If you want to do a special payment, please get in touch with the Customer Support team above.
The loan 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.
As soon as the identification process has been successfully completed, you will be informed about the credit decision via e-mail within one business day.
Solaris Customer Support Team
Monday-Friday, 13:00 to 15:00
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