Change of month: Railways, loans, Christmas market - what's changing in November

In the penultimate month of the year, stricter regulations for installment purchases and micro-loans come into effect. Moreover, the first Christmas markets open in several cities at the end of the month. Key changes in November:

1. Online shoppers purchasing products from non-EU countries will face a €2 increase in processing fees for imports from third countries like China or the USA. Major online retailers, including Shein, Temu, and AliExpress, are expected to bear the cost through higher product prices, though end consumers in Europe may also feel the impact indirectly.

2. Car insurance policies expire on November 30th. Those looking to switch providers must do so by then, ensuring the cancellation request reaches their current insurer by the deadline.

3. The Deutsche Bahn introduces a permanent family ticket, allowing families to travel together with a flat-rate fare of €99.99 for up to five people, including seat reservations on ICE trains. The sale begins on October 26th, but the offer was initially designed for summer holidays and is now expanded due to high demand.

4. Stricter regulations for "buy now, pay later" installment loans and micro-loans take effect on November 20th. Lenders must now assess the ability of borrowers to repay even small amounts (up to €200 or interest-free installments) when applying for these loans. The aim is to better protect consumers from falling into debt traps.

5. The deadline for claiming the Lohnsteuerermäßigung (reduced income tax) for the current year is November 30th. Individuals can file their application by this date to receive relief during the current tax year, although their overall income tax rate remains unchanged. Applications for the 2027 tax year begin on November 1st.