Banky team Reviewed editorial answerThe independence of the supervisory board is crucial so that its legitimate decisions are not subject to pressure from sales or executive management.
For you, it's a good sign that the bank clarifies its governance structure, the board's powers, and how it reports and reviews the implementation of its decisions.
The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.