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German Bank Account

Open a German Bank Account – The requirements to open a bank account in Germany are the same for most banks:

  • A proof of German residency (your Meldebescheinigung). Some banks let you open an account without one.
  • A proof of identity (your passport)

Some banks also require a minimum income or some financial history in Germany, and will sometimes refuse business to foreigners and candidates with bad credit. 

Scroll down to open bank a German Bank account.

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Opening a Bank Account in Germany 

So, you’re wondering how to open a bank account in Germany? Whether for everyday life or travel purposes, knowing how to set up a German banking account is essential. At Stuttgart Expats, we can help with our guide to opening bank accounts in Germany.

Banking in Germany

As is the case in many European countries, there are a few different options when it comes to choosing a bank account in Germany. While some banks offer free accounts that allow you to make unlimited withdrawals and deposits at any German branch location, others require an initial deposit of up to €100 or more. Additionally, not all banks offer online banking services – so be sure to read the fine print before signing up for a new account!

Explore Different Options Below:

N26

The mobile bank
0 per month
  • €0/month!
  • 3 free ATM withdrawals per month
  • open an account without an official address
  • Mastercard included
  • English, German, Spanish, French & Italian
  • No free cash withdrawl abroad
Most Popular

Kontist

Banking for Self-Employed
0 per month
  • €0/month!
  • Sign up in 9 minutes
  • Real-Time Tax Forecasting
  • English
English

Revolut

Exchange money with no hidden fees
0 per month
  • Standard €0/month!
  • Send money abroad (no fees)
  • Buy Crypto
  • Buy gold/silver
  • English (24 Langauges)
€ $ £

Vivid Money

Commission-free investments in stocks and ETFs
40 Sign up bonus
  • €0/month
  • Commission-free investments in stocks
    and ETFs
  • Invest in 10+ crypto coins
  • English (or German)
Crypto

DKB

Online Bank
15 sign up bonus
  • €0/month!
  • Partner card for joint accounts
  • Free withdrawl from 57763 ATMs in Germany
  • open an account without an official address
  • Visa credit card included
  • Cash withdrawl abroad
  • German only

Postbank

9000 ATM's in Germany
50 Sign up bonus
  • €4,90/month
  • Free withdrawl at 9000 ATM's
  • Visa €0 first year, €29/year thereafter
  • No free cash withdrawl abroad
  • German only

Types of bank accounts in Germany

The most common type of bank account in Germany is the Girokonto, which is a current or checking account that can be used for everyday transactions like making payments, transferring money, and setting up direct debits. Some Girokontos also come with a debit card that can be used to make cash withdrawals at ATMs.
Another popular type of bank account is Sparkonto, which is a savings account that offers higher interest rates than a Girokonto but typically has stricter withdrawal limits. For example, you may only be able to make three withdrawals per month from Sparkonto before incurring a fee.

Banking for businesses in Germany

If you are a business owner in Germany and need to open a business bank account, it is advisable to contact the German Chamber of Commerce. This organisation can offer assistance when setting up a new business account as well as provide information on which banks have good rates, services offered, accessibility, etc.

Do you need a bank account in Germany?

Opening a German bank account is a great idea for anyone living in or traveling to Germany. Not only does it give you instant access to your funds, but it also allows you to pay bills and expenses online directly from the account. Whether you’re looking for a basic Girokonto or something with higher interest rates, our guide can help you find the perfect bank account for your needs.

What you need to know before opening a bank account in Germany

If you’re thinking of opening a bank account in Germany, there are a few things you need to know. First, you’ll need to have a valid ID and proof of residence. You’ll also need to deposit a minimum amount of money, which varies from bank to bank.
Once you’ve opened your account, you’ll be able to access your money through an ATM or online banking. It’s important to note that some banks charge fees for certain transactions. We can help, you find the right bank for your needs and start enjoying the convenience of having a German bank account.

Different types of banks in Germany

There are different types of banks in Germany. Depending on your needs and preferences, you can choose the right bank for you. If you’re looking to open a business account, for example, you may want to consider a foreign bank that offers specialized accounts and services tailored to businesses.

How to choose the best bank in Germany for expats

Deciding on the best bank in Germany for expats can be a challenge. There are a lot of factors to consider, from opening an account to fees and charges. However, with a little research, it is possible to find the perfect bank for your needs.

The first step is to research the different options available. There are a number of banks that cater specifically to expats, so it is worth taking the time to compare their offerings. Once you have narrowed down your options, you can start to look at opening an account. Most banks will require proof of identity and residency, so make sure you have all the necessary documents ready.
It is also important to consider fees and charges when choosing a bank. Some banks may offer free or discounted services for expats, so it is worth checking this before making a decision.

How to open a German bank account as an expat in 2022

Opening a German bank account as an expat in 2022 is a simple process that can be completed in just a few steps. First, you’ll need to gather the necessary documents, which include your passport, proof of address, and proof of income. Once you have all of your documents ready, you can visit any German bank to open an account.

The bank will likely require you to make an initial deposit, so be sure to bring along some cash or a debit card. After your account is opened, you’ll be able to use it just like any other bank account. You’ll be able to make deposits and withdrawals, transfer money, and pay bills online or in person.

How to open a bank account in Germany from abroad

When you’re moving to Germany from another country, you can open a bank account before you leave your country. If you’re planning to open a bank account from abroad, you can get started by contacting a German bank online. Many banks offer online account opening, which makes it easy to complete the process from anywhere in the world.The process is fairly simple and can be completed in just a few steps.

Opening an online or digital mobile bank account for foreigners

When looking to open an online or digital mobile banking account in Germany, there are several things that foreigners should consider. First, most major banks in Germany offer a range of digital banking services, including web-based portals and mobile apps that allow you to easily manage your account from anywhere. Additionally, opening a bank account typically involves providing some basic personal and financial information, such as your name, address, date of birth, and nationality.
Opening a digital banking account in Germany represents an easy and convenient way to access all of the benefits of modern banking technology. Whether you are a local resident or just visiting for the holidays, opening an online or digital mobile bank account makes it easy to manage your finances while navigating all of the unique aspects of living in this amazing country.

Opening an offshore account with a German bank

Opening an offshore bank account with a German bank can be a great way to maximize the benefits of your foreign status. There are a few key steps that you will need to take in order to open an offshore account with a German bank.
These steps include gathering the necessary documentation, filling out any required forms, and submitting your application for approval. Additionally, you will also need to be prepared for any questions or concerns that the bank may have about opening an account with a non-resident individual.

Opening a business bank account

Opening a business account with a german bank can be a bit daunting, but it’s definitely doable! the first step is to find a bank that suits your needs – there are many to choose from, so make sure to do your research.
Once you’ve selected a bank, you’ll need to provide some documents – typically, these will include your business registration, proof of address, and identification. you may also need to provide additional information depending on the bank’s requirements. After you’ve gathered all the required documents, you’ll be able to open your account and start doing business in Germany.

Opening a blocked bank account in Germany

Opening a bank account in a German bank can be a bit tricky if your account has been blocked due to suspected fraud or other suspicious activity. Before you can open an account, you will need to go through the proper channels and provide some key information to your bank.
One of the first things that you will need to do is contact your bank directly and speak with someone regarding your blocked account. You may need to provide some documentation to verify your identity and show that you have not engaged in any criminal or fraudulent activity relating to your finances. Additionally, you may need to schedule an appointment with one of their representatives so that they can review your information in person.
Once your account has been unblocked, you will then need to decide which type of bank account best suits your needs.

How to manage your bank account in Germany

When managing a bank account in Germany, it is important to be aware of the various rules and regulations that dictate how you can use your funds. Some key things to keep in mind include making regular deposits, monitoring your account balance to stay on top of your finances, and understanding the potential restrictions on withdrawals and transactions.
Another essential tip is to sign up for text or email alerts, which will notify you whenever there are any significant changes in your account. By following these best practices and using a variety of tools to stay on top of your finances, you can keep your bank account in Germany running smoothly and effectively.

How to change banks or close an account in Germany

Changing or closing a bank account in Germany is relatively simple, and can be done online or in-person at most banks. The first step is to gather the necessary documents, which include a valid photo ID, proof of residency, and bank statements. Next, you’ll need to contact your bank to let them know that you want to close your account. They may require you to come in person to do this, or they may be able to process the request over the phone or online.
Once the account is closed, you’ll need to withdraw any remaining funds and close any outstanding loans or lines of credit attached to the account. Finally, you’ll need to cancel any automatic payments that are set up to come out of the account. changing or closing a bank account doesn’t have to be complicated- just be sure to gather all the necessary information before getting started.


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