For Postbank customers, the time of temporary technical restrictions should be over after the last step of a large-scale IT conversion. Deutsche Bank, to which Postbank belongs, spoke on Monday of a "successful conclusion" to the "Unity" project. "Deutsche Bank completed the fourth and last migration wave of the Unity program in the night from Sunday to Monday," said a spokesman for Germany's largest financial institution. "A total of around 19 million product contracts from around 12 million Postbank customers were transferred to Deutsche Bank's IT platform."
Last weekend, the data move caused restrictions again. Postbank had previously informed that from Friday (June 30) 5 p.m. to Monday (July 3) 2 p.m. banking transactions will not be possible using the Postbank app on a smartphone or online on the home computer. During this period, postal services such as handing in parcels and buying stamps could be carried out in branches, but no banking transactions. According to the information, telephone banking could not be used until Monday 9 a.m.
With the completion of the "Unity" project, twelve million Postbank customers and seven million Deutsche Bank customers in Germany have been brought together on one IT platform. "With the successful completion of the migration, all more than 19 million customers of the private customer bank and the corporate bank in Germany are now on a common IT platform," announced Deutsche Bank.
"Subsequently, Postbank's previous IT systems will be gradually shut down and the data centers returned. This will enable successive cost savings to be realized over the course of 2023 and 2024." From 2025 onwards, Deutsche Bank wants to save 300 million euros per year with the new structure.