Difference between revisions of "Germany/Banking"

Revision as of 15:44, 28 January 2022

Frequently Asked Questions (FAQ)

Do I need a German or European 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 necessarily be from Germany. It must only be able to send and receive SEPA transfers in EUR.

However, some companies and authorities have problems using non-German IBAN. This is illegal but it may happen. Then, a German account is more convenient.

What is a German bank account

In this article, German bank account are accounts that have an account number (IBAN) starting with DE.

Lists of German Bank Accounts

More Banking Overviews

List of German Credit Cards

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 === Do I need a German or European 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.
+To pay rent and most bills or receive salary, you usually need an account that can '''send''' and '''receive [https://en.wikipedia.org/wiki/Single_Euro_Payments_Area SEPA transfers]''' in '''EUR'''.
-So your bank account does not necessarily be from Germany, i.e. have an IBAN starting with ''DE''. It must only be able to send and receive SEPA transfers in EUR.
+So your bank account does not necessarily be from Germany. It must only be able to send and receive SEPA transfers in EUR.
-However, some companies and authorities have problems using non-German IBAN. This is illegal but it may happen. Then, a German account is more convenient.
+However, some companies and authorities have '''problems using non-German IBAN'''. This is illegal but it may happen. Then, a German account is more convenient.
-=== How to open a German bank account? ===
+=== What is a German bank account ===
-Just pick one from the list below, or from one of the [[#Compare German bank accounts|comparisons]].
+In this article, German bank account are accounts that have an account number ([https://en.wikipedia.org/wiki/International_Bank_Account_Number IBAN]) starting with ''DE''.
-For creating an account, you will usually need:
-* an ID or passport if you are from EU/EEA
-* a passport if you are from outside EEA
-* proof of residence is often '''not needed'''
 == Lists of German Bank Accounts ==