Kraken's EU banking partner is closing, Fidor.de

[PunishmentOfLuxury]

I used to have a Fidor Germany account. It was super fast for transfers in and out of Kraken because the exchange banks with them. But Fidor, supposedly one of the first crypto-friendly banks, is closing for good. (Fidor UK closed a few years ago.)

Fidor

Quote

Fidor Bank AG will discontinue its banking business this year.

What does that mean exactly? 

At this point in time, you do not need to do anything. You can continue to use your account to the full extent.

Until the banking business is fully discontinued, we will maintain our business operations as usual. Our parent company, Groupe BPCE, the largest unlisted banking group in Europe, is fully supporting us in this process and will ensure that we meet all our obligations in your best interests at all times.  

We will contact you in a timely manner to initiate the process to close your account. Rest assured that you will have ample time to transfer your banking relationship to a new financial institution. 

One can only hope that Kraken has other banking partners in the EU.