Cancel Badenia building society contract - what to consider

When cancelling a building society contract, you need to consider a few things. The contract is linked to various conditions, through which you can only take full advantage of the contract. Early termination may prevent you from receiving certain bonuses.

Cancel Badenia building savings contract - what to know

Your building savings contract can be canceled at any time, but you usually have to wait a certain period of time before cancellation is possible.

1. At Badenia, you have a minimum term of 18 months for building savings contracts. Only after the expiry of the time it is at all possible to dissolve the building savings contract.
2. Furthermore, you should pay close attention to the contractually agreed notice period. This is usually between three and six months.
3. If the deadline is missed, the contract is automatically extended for another period and can also only then be dissolved again with a corresponding notice period.
4. Also note that an early termination may exclude certain bonuses that you have theoretically planned into the finances.

Cancel Badenia building society contract - cancellation by the bank?

1. Keep in mind that you are not the only one who can terminate a contract.
2. If you can not meet certain payment conditions in two consecutive agreed payments, the bank may cancel your contract immediately.
3. Also your deposited collateral may be a reason for the bank to cancel your contract if there is a significant change.