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Revision as of 16:48, 1 July 2022
When living in Germany, having a German Bank Account (or a Euro currency account) can be useful. Here is a list of accounts by features.
This article covers accounts for individuals, also called current account or giro account (Girokonto). For other account types, see
- List of German Business Banks
- List of German Savings Accounts
- List of German Credit Cards
- List of German Brokers
Accounts here are sorted by features, popular ones are:
Questions & Answers
Do I need a German or a Euro bank account?
To pay rent and most bills or receive salary, you usually need an account that can send and receive SEPA transfers in EUR.
So your bank account does not need to be from Germany. It must only be able to send and receive SEPA transfers in EUR. Many accounts from other EU and EEA countries can do that.
However, some companies and authorities have problems using non-German account number (IBAN). This is illegal but it may happen. Then, a German account is more convenient.
What do I need to open a German bank account?
This varies from bank to bank. However, these things are common:
- You always need prove your identity, e.g. with a passport or national ID card.
- You often need give an address, so that the bank can send you a credit or debit card.
- Sometimes, you need to show your registration (Anmeldung)
- Some banks want to see your income and credit history. (E.g. DKB[1] is known to be picky.)
See also: Banks Recommended for Foreigners.
Which type of bank account can I use as a freelancer?
To receive income from freelancing or your business, you usually need a business bank. Banks listed here are for individuals who want to receive their salary from being an employee, their scholarship or similar.
Do I get interest on my money?
On giro accounts in Germany, you usually do not get interests paid out. For such offers, check the List of German Savings Accounts.
Which bank is the best for me?
A bank that
- speaks your language. There many offers with support in English or even more languages.
- has free cash withdrawals. While all supermarkets already allow card payments, you will still need to use cash at smaller shops, cafés, restaurants or food trucks.
- has no monthly fees. There are so many banks even without fees, so you don't need to pick one that costs money.
- lets you sign up with our documents. If you don't have an registered address (Anmeldung) yet, this can be difficult.
See also: Banks Recommended for Foreigners.
Lists of Banks for Individuals (Girokonto)
Banks With English Support
These banks have support also in English.
- Bunq[1], speaks also: Dutch, French, Italian, Portuguese, Spanish
- Commerzbank[1] (online banking, after signup)
- Deutsche Bank (online banking, after signup)
- Insha
- Lydia
- Monese, speaks also: Bulgarian, Czech, German, Estonian, Spanish, French, Italian, Lithuanian, Polish, Portuguese, Romanian, Turkish
- N26[1], speaks also: French, German, Italian, Spanish
- Nuri[1]
- Revolut, speaks also: Bulgarian, Croatian, Czech, Danish, Dutch, Estonian, Finnish, French, German, Greek, Hungarian, Italian, Japanese, Latvian, Lithuanian, Norwegian, Polish, Portuguese, Romanian, Slovakian, Slovenian, Spanish, Swedish
- Tomorrow[1]
- Vivid Money, speaks also: French, German, Italian, Spanish
- Wise, speaks also: Chinese, French, Hungarian, Indonesian, Italian, Japanese, Polish, Portuguese, Romanian, Russian, Spanish, Turkish
- Yuh
Banks With No Registered Address (Anmeldung) Required
These banks to not require a registered address (Anmeldung).
- Bunq[1]: requires passport or ID card[2]
- Monese[1]: requires passport or ID card[3]
- Revolut[1]: required passport or ID card, maybe also a visa[4]
- Vivid Money: You can open an account without Anmeldung but within 90 days, you must provide a tax ID (TIN). You get a TIN after an Anmeldung.
- Wise
Banks With a German Account Number
These banks offer an IBAN from Germany.
- 1822direkt
- Consorsbank[1]
- comdirect[1]
- DKB[1]
- Hypovereinsbank
- ING
- N26[1]
- Norisbank[1]
- Nuri[1]
- Postbank[1]
- Targobank[1]
- Tomorrow[1]
- Vivid Money
Banks With No Monthly Fees
These banks do not charge a monthly fee.
- DKB[1]
- Insha
- Lydia[5]
- Hypovereinsbank[6]
- Monese [7]
- N26[1]
- Nuri[1]
- Openbank
- Revolut
- Vivid Money
- Wise
- Yuh
No regular fees if you receive money on it regularly
- 1822direkt: if you receive minimum €0.01 every month [8]
- Consorsbank[1]: if you receive minimum €700 every month[9]
- Commerzbank[1] if you receive minimum €700 every month
- comdirect[1]" if you receive minimum €700 every month[10]
- ING: if you receive minimum €700 every month[11]
- Norisbank[1]: if you receive minimum €500 every month & hold less than €50,000[12]
- Postbank Giro extra plus[1]: if you receive minimum €3000 every month[13]
- Targobank[1]: if you receive minimum €600 every month[14]
No regular fees for young people
- Consorsbank[1]: if you are under 28
- comdirect[1]: if you are under 28
- ING: if you are under 28
- Norisbank[1]: if you are under 21
- Postbank[1]: if you are under 22
Banks With Free Cash Withdrawals
These banks allow you to withdraw cash without fees.
… at bank machines worldwide
- Bunq[1]: 4 withdrawals per month are free[15]
- comdirect[1]: 3 per month with Visa card are free
- DKB[1]: minimum €50 per withdrawal[16]
- Nuri[1]: unlimited free withdrawals[17]
- Revolut: 200 EUR / 5 per month are free[18]
- Wise: 200 EUR / 2 per month are free[19]
… at bank machines in €-zone / EEA
- Consorsbank[1]
- Hypovereinsbank: at UniCredit banks in 13 EU countries
- Insha 2 free withdrawals per month[20]
- Openbank: 5 withdrawals free per month in €-zone or worldwide at Santander ATMs[21]
… at bank machines of the bank's network
- 1822direkt: 4 per month at Sparkasse group bank machines
- Commerzbank[1] : at Cash Group bank machines
- Hypovereinsbank: unlimited at Cash Group bank machines
- Norisbank[1]: at Cash Group bank machines
- Openbank: 5 withdrawals free per month in €-zone or worldwide at Santander ATMs[21]
- Postbank[1]: at Postbank and Cash Group bank machines
- Targobank[1]: at CashPool bank machines
…at shops
There are 2 systems for withdrawing cash at shops: Viacash and Cash-Back.
- bunq with Viacash
- comdirect[1] with Cash-Back
- DKB[1] with Cash-Back and Viacash
- ING with Cash-Back
- N26[1] with Viacash
- Norisbank[1] with Cash-Back
- Tomorrow[1] with Viacash
Banks with Cash Deposits
These banks allow you to top-up your account with cash.
- 1822direkt: free only at Frankfurter Sparkasse branches[22]
- Bunq[1]: at shops with Viacash[23]
- Consorsbank[1]: minimum €1000, €7.50 fee[24]
- DKB[1]: shops with Viacash; at DKB ATMs & branches[25]
- Hypovereinsbank: at their branches
- ING: for free at some of ING's bank machines[26]
- N26[1]: at shops with Viacash[27]
- Norisbank[1]: at Deutsche Bank cash deposit machines[28]
- Postbank[1]: at Postbank bank machines without fees[29]
- Targobank[1]: at shops with Viacash; at Targobank machines[30]
- Tomorrow[1] with Viacash[31]
Banks With Joint Accounts
Banks with joint accounts allow two or more people to own and access the same account. An alternative to this are shared pockets or group vaults where each customer has their own account but can create pockets/vaults that can be access by other users.
- Revolut: offers group vaults[32]
- Vivid Money: offers shared pockets[33]
Banks For Children
Banks with joint accounts allow two or more people to own and access the same account. An alternative to this are shared pockets or group vaults where each customer has their own account but can create pockets/vaults that can be access by other users.
- Revolut: offers Junior card for kids from 6
- DKB[1]: offers DKB U18[1] account for kids from 0 (but the parent must be already a DKB customer)
Banks With Multiple Currencies
These bank offer to not only hold your money in EUR but also in other currencies.
- Bunq[1]: offers USB, GBP, CHF, PLN, BGN, DLL, SEK, CAD, TRL, CZK, RON, AED, AUD NOK, ZAR[34]
- Lydia: offers EUR & GBP[35]
- Monese: EUR, GBP and RON
- Revolut: AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, JPY, NOK, PLN, RON, SEK, USD, ZAR[38]
- Vivid Money: up to 100+ currencies[39], but can be topped up only in EUR[40]
- Wise: 50+ currencies[41]
- Yuh: CHF, USD, EUR, GBP, JPY, AUD, CAD, SEK, HKD, NOK, DKK, AED, SGD[42]
Banks With A Broker
These accounts allow you to trade shares and funds / ETFs. The term in German is usually Depot.
See also: List of German (Online) Brokers.
- 1822direkt: free for the first 3 years[43]
- Commerzbank[1]: free if you make at least one paid transaction per quarter [44]
- comdirect[1]: free for the first 3 years[45]
- Consorsbank[1]: free [46]
- DKB[1]: free, orders from €10 [47]
- Hypovereinsbank: 3 different offers[48]
- ING: free, savings plans from €1[49]
- Norisbank[1]: free[50]
- Openbank: fee 0.16%, minimum €12 per year[51]
- Postbank[1]: free[52]
- Revolut: free, fractional shares [53]
- Targobank[1]: 4 different models[54]
- Vivid Money: free, fractional shares[55]
- Yuh: free, fractional shares[56]
Banks With Crypto Currencies
These accounts allow you to trade Bitcoin etc.
- Nuri[1]: BTC & ETH, directly[57]
- Revolut: 60+ currencies[58]
- Vivid Money: 150+ currencies[59]
- Yuh: 26 currencies[60]
Banks With Bonuses
These accounts will pay you for signing up.
- 1822direkt: €25 or €75 bonus (depending on account type) if you receive 3 salary payments of min. €1000 each within the first 6 months[61]
- Commerzbank[1] : €50 welcome bonus if you send or receive 5 payments per month of min. €25 (salary, providers etc.) and agree to sales calls[62]
- Norisbank[1]: €50 welcome bonus if you use their account switching service[63]
- Vivid Money: €40 in cashback, if you
- make 3 in-store card payments of at least €10 each
- on 3 different days
- within 90 days of opening your account.
Comparisons of Banks
These finance services compare current bank account options on the market and let you filter the list by specific features:
Banks for Individuals Compared
Banks for Students Compared
Banks Recommended for Foreigners
All listed banks also accept non-Germans. But some make it easier than others.
Banks suitable for expats:
- have support in English (or even more languages)
- do not require you to have a registered address (Anmeldung)
- accept many foreign passports and identity cards for opening
Recommended banks for expats are:
Vivid Money
- accepts many documents for account opening (incl. UA passport)[64]
- You can open an account without Anmeldung but within 90 days, you must provide a tax ID (TIN). You get a TIN after an Anmeldung.
- support in 5 languages
- free / no monthly fees
- free Visa debit card if topped up with €200
- IBAN from Germany 🇩🇪
Vivid website[1] | Read more about Vivid
Nuri
- accepts many documents for account opening] (incl. UA 🇺🇦 passport)[65]
- support in English
- free / no monthly fees
- free Visa debit card
- IBAN from Germany 🇩🇪
Revolut
- accepts many documents for account opening[66]
- support in 24 languages
- free / no monthly fees
- Visa debit card for €5.99 one-time delivery fee[67]
- IBAN from Lithuania 🇱🇹
Wise
- accepts many documents for account opening (incl. UA 🇺🇦 international passport)[68]
- support in 13 languages
- free / no monthly fees
- Mastercard debit card for an €8 one-time delivery fee[69]
- IBAN from Belgium 🇧🇪
Wise website[1] | Read more about Wise
Notes
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 1.24 1.25 1.26 1.27 1.28 1.29 1.30 1.31 1.32 1.33 1.34 1.35 1.36 1.37 1.38 1.39 1.40 1.41 1.42 1.43 1.44 1.45 1.46 1.47 1.48 1.49 1.50 1.51 1.52 1.53 1.54 1.55 1.56 1.57 1.58 1.59 1.60 1.61 1.62 1.63 1.64 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.72 This is an affiliate link. If you click on it and then buy something or sign up for a service, we may earn a commission which covers our expenses. This does not change the price for you.
- ↑ "physical documents in hand to complete the identity verification" – source, retrieved 2022-07-01
- ↑ "Unlike banks, we don’t ask for documents on your address or credit history." – source, retrieved 2022-07-01
- ↑ "You will need to take a picture of a valid government-issued photo ID and a picture of your face. We may request a copy of your legal right to remain in your country (e.g. visa)." – source, retrieved 2022-07-01
- ↑ "Lydia 0 €" – source, retrieved 2022-04-30
- ↑ "HVB Plus account € 0,00 for new customers for 5 years, thereafter € 9.90 per month." – source, retrieved 2022-04-30
- ↑ "Starter €0/month" – source, retrieved 2022-04-30
- ↑ "Kostenlose Kontoführung ab einem monatlichen Geldeingang von 0,01 €" – source, retrieved 2022-05-04
- ↑ "Kostenloses Girokonto / bei monatlichem Geldeingang ab 700 Euro oder für alle unter 28 Jahren" – source, retrieved 2022-05-04
- ↑ "Anschließend bleibt das Girokonto kostenlos bei 700 Euro monatlichem Mindestgeldeingang" – source, retrieved 2022-05-04
- ↑ "Bei einem monatlichen Gehaltseingang von 700 Euro / z.B. durch Ihr Gehalt, Ihre Rente oder Pension." – source, retrieved 2022-05-04
- ↑ "Kostenlose Kontoführung / ab 500 Euro Geldeingang pro Monat und einem Guthabenbis zu 50.000 Euro" – source, retrieved 2022-05-04
- ↑ "0,00 Euro / Monat ab 3.000 Euro mtl. bargeldlosen Geldeingang" – source, retrieved 2022-05-04
- ↑ "Bei einem monatlichen Gehaltseingang ab 600€ ist die Kontoführungsgebühr kostenlos." – source, retrieved 2022-05-04
- ↑ "First four withdrawals per month are free, the five after are €0.99. Thereafter, €2.99 per withdrawal" – source, retrieved 2022-05-03
- ↑ "Mit der Visa Debitkarte oder Visa Kreditkarte hebst du weltweit an Automaten mit dem Visa-Logo zwischen 50 und 1.000 Euro ab. Im Inland kannst du an vielen Automaten mit der Girokarte Bargeld abheben." – source, retrieved 2022-05-03
- ↑ "Nuri does not charge fees for ATM withdrawals." – source, retrieved 2022-05-03
- ↑ "Standard plan users can withdraw a total of £200, or make a total of 5 ATM withdrawals (whatever comes first)." – source, retrieved 2022-05-03
- ↑ "You can take out money for free twice a month — as long as the total amount is under 200 GBP/EUR." – source, retrieved 2022-05-03
- ↑ "First 3 withdrawals in Germany € 0" – source, retrieved 2022-05-03
- ↑ 21.0 21.1 "Mit deiner Debitkarte kannst du 5 mal pro Monat kostenlos Geld an jedem beliebigen Geldautomaten der Welt abheben." – source, retrieved 2022-05-03
- ↑ "Einzahlung von Bargeld / Bargeldeinzahlungen sind in Filialen der Frankfurter Sparkasse am Schalter und an den Einzahlautomaten für Sie kostenlos möglich." – source, retrieved 2022-05-03
- ↑ "Withdraw and Deposit cash at more than 10,000 locations across Germany, Austria and Italy thanks to our partnership with Barzahlen." – source, retrieved 2022-05-03
- ↑ "Einzahlungen nur zwischen 1.000,00 Euro und 25.000,00 Euro. / Eine Einzahlung kostet 7,50 Euro je angefangene 5.000,00 Euro." – source, retrieved 2022-05-03
- ↑ "So kannst du Bargeld einzahlen / An DKB-Geldautomaten / Mit Cash im Shop" – source, retrieved 2022-05-03
- ↑ "Kann ich auch Bargeld einzahlen? / Die Einzahlung von Bargeld (Scheine) ist auch an einigen unserer Geldautomaten möglich." – source, retrieved 2022-05-03
- ↑ "CASH26 is available at the following partner stores: …" – source, retrieved 2022-05-03
- ↑ "Wie kann ich Bargeld auf mein Girokonto einzahlen? / Sie haben an Einzahlautomaten der Deutschen Bank die Möglichkeit, kostenlos Bargeld auf Ihr Konto einzuzahlen." – source, retrieved 2022-05-03
- ↑ "Mit der Einzahlfunktion an vielen unserer Geldautomaten sind Sie nicht an Öffnungszeiten gebunden." – source, retrieved 2022-05-03
- ↑ "Einzahlung (nur am Geldautomaten)" – source, retrieved 2022-05-03
- ↑ "How can I deposit cash into my Tomorrow account?" – source, retrieved 2022-05-03
- ↑ "What is a Group Vault?" – source, retrieved 2022-05-03
- ↑ "Each Vivid customer invited to a Pocket can connect both their own physical metal card and virtual Visa debit cards to Shared Pockets and make payments directly from them - no extra cards are required" – source, retrieved 2022-05-03
- ↑ "Receive, convert, hold and spend in your favorite currency …" – source, retrieved 2022-05-03
- ↑ "Two currencies are currently supported by Lydia accounts: you can send/receive either Euros (€) or Pounds Sterling (£)." – source, retrieved 2022-05-03
- ↑ "From Jan 1st 2021 we are temporarily suspending the creation of GBP accounts for customers outside of the UK" – source, retrieved 2022-05-03
- ↑ "If you've got a Romania-issued ID, you can now open a new RON currency account, with a fully local Romanian account number (IBAN) and a RON debit card!" – source, retrieved 2022-05-03
- ↑ "You can add money to your Revolut account with a card in …" – source, retrieved 2022-05-03
- ↑ "Currencies in free separate pockets: Up to 40 currencies / Up to 107 currencies" – source, retrieved 2022-05-03
- ↑ "we currently don’t support SWIFT transfers or any network other than SEPA in Euros." – source, retrieved 2022-05-03
- ↑ "You can keep 50+ currencies in your account." – source, retrieved 2022-05-03
- ↑ "Bank transfers in Switzerland in 13 currencies" – source, retrieved 2022-05-03
- ↑ "Kostenloses Depot für 3 Jahre* / Bereits ab 0,00 € handeln*" – source, retrieved 2022-05-03
- ↑ "Die Depotführung ist kostenlos, sofern mindestens eine gebührenpflichtige Transaktion pro Quartal ausgeführt wird." – source, retrieved 2022-05-03
- ↑ "Kostenlose Depotführung2: garantiert für volle 3 Jahre" – source, retrieved 2022-05-03
- ↑ "kostenlose Depotführung" – source, retrieved 2022-05-03
- ↑ "kostenloses Depot und Verrechnungskonto / günstige Orders ab 10 Euro" – source, retrieved 2022-05-03
- ↑ "Welches Depot für welchen Anlagetyp?" – source, retrieved 2022-05-03
- ↑ "Kostenlose Depotführung / Wertpapier-Sparpläne ab 1 Euro" – source, retrieved 2022-05-03
- ↑ "0,– Euro Depotführungsgebühren" – source, retrieved 2022-05-03
- ↑ "An Aktienmärkten handelbare Wertpapiere / 0,16% / 12,00 €" – source, retrieved 2022-05-03
- ↑ "0,00 € Grundpreis" – source, retrieved 2022-05-03
- ↑ "What is a fractional share?" – source, retrieved 2022-05-03
- ↑ "Welches Depot passt zu mir?" – source, retrieved 2022-05-03
- ↑ "Commission-free fractional investing with no limits / There are no commissions or trade limits." – source, retrieved 2022-05-03
- ↑ "At Yuh, you can trade all products in fractions and invest any amount you like in a share, starting at 25 CHF." – source, retrieved 2022-05-03
- ↑ "You own bitcoin directly from the Blockchain straight to your wallet." – source, retrieved 2022-05-03
- ↑ "You can buy/sell …" – source, retrieved 2022-05-03
- ↑ "Buy 150+ crypto coins" – source, retrieved 2022-05-03
- ↑ "Which investment products can I trade with Yuh?" – source, retrieved 2022-05-03
- ↑ "Sie erhalten eine Gutschrift von 25 €, wenn …" – source, retrieved 2022-05-03
- ↑ "Wie erhalte ich die 50€ Startprämie?" – source, retrieved 2022-05-03
- ↑ "Beim Abschluss unseres Top-Girokontos erhalten Sie eine Prämie in Höhe von 50 Euro …" – source, retrieved 2022-05-03
- ↑ "How do I verify my identity and what document can I use?" – source, retrieved 2022-05-03
- ↑ "Nuri is available for residents of the European Economic Area (incl. Switzerland and UK) and accepts identification documents from 70+ nationalities." – source, retrieved 2022-05-03
- ↑ "We are currently only supporting legal residents of the European Economic Area (EEA), Australia, Singapore, Switzerland, Japan, the United Kingdom and the United States." – source, retrieved 2022-05-03
- ↑ "£4.99 or currency equivalent for standard delivery" – source, retrieved 2022-05-03
- ↑ "In this article, we’ll let you know what kinds of ID we accept around the world, as well as what to do if you have refugee status." – source, retrieved 2022-05-01
- ↑ "Order a Wise debit card: 5 GBP" – source, retrieved 2022-05-01