Is FlexPlus a real overnight deposit account?

No, FlexPlus is not an overnight deposit account, but a capital market investment into European government bonds. Like any capital market investment, investing in government bonds involves risks of loss, albeit comparatively small ones. Another difference is that payments from an overnight deposit account at banks are not possible, while worldwide payments can be made free of charge via the UnitPlus card and the smartphone with the FlexPlus portfolio. While the Deposit Protection Act applies to overnight deposit accounts, the money in the FlexPlus Portfolio counts as special assets. It is, therefore, always protected from the insolvency of UnitPlus or our partner bank.