{"id":5235,"date":"2022-01-14T07:44:00","date_gmt":"2022-01-14T05:44:00","guid":{"rendered":"https:\/\/mwk.speckmann.com\/the-bgh-ruling-as-a-game-changer\/"},"modified":"2024-08-05T19:06:59","modified_gmt":"2024-08-05T17:06:59","slug":"the-bgh-ruling-as-a-game-changer","status":"publish","type":"post","link":"https:\/\/mwk.speckmann.com\/en\/the-bgh-ruling-as-a-game-changer\/","title":{"rendered":"The BGH ruling as a game changer"},"content":{"rendered":"\n
In April 2021, the banking industry was hit completely unexpectedly by the ruling of the Federal Court of Justice (BGH) on changes to Postbank’s general terms and conditions.\nHow can your bank now use the ruling as a game changer? <\/p>\n\n
The BGH has ruled: The principle of “silence is consent” is now a thing of the past!\nThe fiction of consent, i.e. the customer’s silence after being informed about contract or price adjustments in the context of changes to the general terms and conditions of German banks, is illegal.\nAnd even retroactively since 2018!\nAs a result, banks are faced with an immense bureaucratic burden, as contract adjustments made in the last three years have to be individually reviewed and provided with new, explicit consent from the customer or, in the worst case, reversed. <\/p>\n\n
With the BGH ruling, many banks are missing a great opportunity – to use the forced communication associated with the ruling to their advantage.\nSo how can you take advantage of this opportunity and make a virtue out of the current emergency? <\/p>\n\n
You can do this by optimizing customer communication now in order to stabilize and strengthen the sometimes irritated customer relationship.\nInstead of suspending account fees out of uncertainty, blocking current accounts or reactively waiting for customer complaints, it is worthwhile for you as a bank to take a strategic approach now. <\/p>\n\n
The aim is to demonstrate to your customers why they are in good hands with your bank – the perceived price-performance ratio counts!<\/p>\n\n
This is where our value-added services and Beyond Banking Services come into play, because they help you to differentiate yourself from the competition at the service level.\nUse the current occasion to your advantage and to sustainably emotionalize your customer relationship! <\/p>\n\n