Difference between revisions of "Germany/Banking"

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* {{Link|DKB|dkb}}
 
* {{Link|DKB|dkb}}
 
* {{Link|ING|ing.giro}}
 
* {{Link|ING|ing.giro}}
 +
* {{Link|Hypovereinsbank|hypovereinsbank}}
 
* {{Link|N26|n26}}
 
* {{Link|N26|n26}}
 
* {{Link|Norisbank|norisbank}}
 
* {{Link|Norisbank|norisbank}}
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* {{Link|Insha|insha}}
 
* {{Link|Insha|insha}}
 
* {{Link|Lydia|lydia}} ([https://lydia-app.com/products/plans free plan with limited features])
 
* {{Link|Lydia|lydia}} ([https://lydia-app.com/products/plans free plan with limited features])
 +
* {{Link|Hypovereinsbank|hypovereinsbank}}: free in the first 5 years
 
* {{Link|Monese|monese}} ([https://monese.com/de/en/pricing Starter plan])
 
* {{Link|Monese|monese}} ([https://monese.com/de/en/pricing Starter plan])
 
* {{Link|N26|n26}}
 
* {{Link|N26|n26}}
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=== Banks With Free Cash Withdrawals ===
 
=== Banks With Free Cash Withdrawals ===
  
−
==== … at all bank machines worldwide ====
+
==== … at bank machines worldwide ====
 
* {{Link|Bunq|bunq}}: [https://www.bunq.com/pricing-sheet 4 per month are free]
 
* {{Link|Bunq|bunq}}: [https://www.bunq.com/pricing-sheet 4 per month are free]
 
* {{Link|DKB|dkb}}: [https://bank.dkb.de/privatkunden/karten/bargeld minimum €50 per withdrawal]  
 
* {{Link|DKB|dkb}}: [https://bank.dkb.de/privatkunden/karten/bargeld minimum €50 per withdrawal]  
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* {{Link|Wise|wise}}: [https://wise.com/help/articles/2935769/how-much-does-it-cost-to-withdraw-cash 200 EUR / 2 per month are free]
 
* {{Link|Wise|wise}}: [https://wise.com/help/articles/2935769/how-much-does-it-cost-to-withdraw-cash 200 EUR / 2 per month are free]
  
−
==== … at all bank machines in €-zone / [https://en.wikipedia.org/wiki/European_Economic_Area EEA] ====
+
==== … at bank machines in €-zone / [https://en.wikipedia.org/wiki/European_Economic_Area EEA] ====
 +
* {{Link|Hypovereinsbank|hypovereinsbank}}: Cash group in Germany, at UniCredit banks in 13 EU countries
 
* {{Link|Insha|insha}} [https://files.getinsha.com/uploads/new-pricing/insha_pricing_EN-copy-2.pdf 2 free withdrawals per month]
 
* {{Link|Insha|insha}} [https://files.getinsha.com/uploads/new-pricing/insha_pricing_EN-copy-2.pdf 2 free withdrawals per month]
 
* {{Link|Openbank|openbank}}: 5 withdrawals free per month in €-zone or worldwide at Santander ATMs ([https://www.openbank.de/kostenlos-geld-abheben more info])
 
* {{Link|Openbank|openbank}}: 5 withdrawals free per month in €-zone or worldwide at Santander ATMs ([https://www.openbank.de/kostenlos-geld-abheben more info])
 +
  
 
==== … at bank machines of the bank's network ====
 
==== … at bank machines of the bank's network ====
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* {{Link|comdirect|comdirect}} [https://www.comdirect.de/depot/comdirect-depot.html more info]
 
* {{Link|comdirect|comdirect}} [https://www.comdirect.de/depot/comdirect-depot.html more info]
 
* {{Link|DKB|dkb}}: [https://www.dkb.de/privatkunden/broker/ more info]
 
* {{Link|DKB|dkb}}: [https://www.dkb.de/privatkunden/broker/ more info]
 +
* {{Link|Hypovereinsbank|hypovereinsbank}}: [https://www.hypovereinsbank.de/hvb/privatkunden/geldanlage/depotmodelle more info]
 
* {{Link|ING|ing.giro}}: [https://www.ing.de/sparen-anlegen/direkt-depot/ more info]
 
* {{Link|ING|ing.giro}}: [https://www.ing.de/sparen-anlegen/direkt-depot/ more info]
 
* {{Link|Norisbank|norisbank}}: [https://www.norisbank.de/geldanlage/wertpapiere/depot.html more info]
 
* {{Link|Norisbank|norisbank}}: [https://www.norisbank.de/geldanlage/wertpapiere/depot.html more info]

Revision as of 17:41, 10 February 2022

When living in Germany, having a German Bank Account (or a Euro currency account) can be useful. Here's a list of accounts for people having an address in Germany. For some banks, having a registered address is not necessary.

This article covers accounts for individuals, also called current account or giro account (Girokonto). The list may not be complete, so feel free to add missing banks.

For other account types, see

Frequently Asked Questions (FAQ)

What is a German bank account?

In this article, German bank account means an account that has an account number (IBAN) starting with DE….

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.

Which type of bank account can I use for my freelancing?

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.

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 is known to be picky.)

See also: Banks Recommended for Foreigners.

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

  • Bunq, speaks also: Dutch, French, Italian, Portuguese, Spanish
  • Commerzbank (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, speaks also: French, German, Italian, Spanish
  • Nuri
  • 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
  • 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 German Account Number (IBAN)

Banks With No Monthly Fees

… if you receive money on it regularly

  • 1822direkt if you receive minimum €700 every month
  • Commerzbank if you receive minimum €700 every month
  • comdirect if you receive minimum €700 every month
  • ING if you receive minimum €700 every month
  • Norisbank if you receive minimum €500 every month
  • O2 Banking if you receive minimum €700 every month

… for young people

Banks With Free Cash Withdrawals

… at bank machines worldwide

… at bank machines in €-zone / EEA


… at bank machines of the bank's network

…at shops

Banks With Multiple Currencies

Banks With A Broker

These accounts allow you to trade shares and funds / ETFs. The term in German is usually Depot.

Banks With Crypto Currencies

These accounts allow you to trade Bitcoin etc.

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 (conditions)
  • Commerzbank: €50 welcome bonus if you send or receive 5 payments per month of min. €25 (salary, providers etc.) and agree to sales calls (conditions)
  • Norisbank: €50 welcome bonus if you use their account switching service (more info)
  • Vivid Money: €20 welcome bonus + up to €90 cashback, if you top up and spend €20 within the first 90 days

Comparisons of Banks

These finance services compare current banks on the market and let you filter the list by specific features:

Banks for Individuals Compared

Banks for Students Compared

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