Difference between revisions of "Germany/Banking"

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(Notice: not complete.)
(Bank Accounts -> Banks)
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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 [https://en.wikipedia.org/wiki/European_Economic_Area EU and EEA countries] can do that.
 
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 [https://en.wikipedia.org/wiki/European_Economic_Area EU and EEA countries] can do that.
  
−
However, some companies and authorities have '''problems using non-German account number''' ([https://en.wikipedia.org/wiki/International_Bank_Account_Number IBAN]). This is illegal but it may happen. Then, a [[#Bank_Accounts_With_German_Account_Number_.28IBAN.29|German account]] is more convenient.
+
However, some companies and authorities have '''problems using non-German account number''' ([https://en.wikipedia.org/wiki/International_Bank_Account_Number IBAN]). This is illegal but it may happen. Then, a [[#Banks_With_German_Account_Number_.28IBAN.29|German account]] is more convenient.
  
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=== Which bank account can I use for my freelancing? ===
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=== Which type of bank account can I use for my freelancing? ===
−
To receive income from freelancing or your business, you usually need a [[/Business|business bank account]]. Regular bank accounts listed here are for individuals who want to receive their salary from being an employee, their scholarship or similar.
+
To receive income from freelancing or your business, you usually need a [[/Business|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? ===
 
=== Do I get interest on my money? ===
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* Some banks want to see your income and credit history. (E.g. {{Link|DKB|dkb}} is known to be picky.)
 
* Some banks want to see your income and credit history. (E.g. {{Link|DKB|dkb}} is known to be picky.)
  
−
See also: [[#Bank Accounts Recommended for Foreigners|Bank Accounts Recommended for Foreigners]].
+
See also: [[#Bank Recommended for Foreigners|Bank Recommended for Foreigners]].
  
−
=== Which bank account is the best for me? ===
+
=== Which bank is the best for me? ===
  
−
A bank account that
+
A bank that
  
−
* speaks [[#Bank_Accounts_With_English_Support|your language]]. There many offers with support in English or even more languages.
+
* speaks [[#Banks_With_English_Support|your language]]. There many offers with support in English or even more languages.
−
* has [[#Bank_Accounts_With_Free_Cash_Withdrawals|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 [[#Banks_With_Free_Cash_Withdrawals|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 [[#Bank_Accounts_With_No_Monthly_Fees|no monthly fees]]. There are so many bank accounts even without fees, so you don't need to pick one that costs money.
+
* has [[#Banks_With_No_Monthly_Fees|no monthly fees]]. There are so many banks even without fees, so you don't need to pick one that costs money.
 
* lets you [[#Bank_Accounts_Recommended_for_Foreigners|sign up with our documents]]. If you don't have an registered address (''Anmeldung'') yet, this can be difficult.
 
* lets you [[#Bank_Accounts_Recommended_for_Foreigners|sign up with our documents]]. If you don't have an registered address (''Anmeldung'') yet, this can be difficult.
  
−
See also: [[#Bank Accounts Recommended for Foreigners|Bank Accounts Recommended for Foreigners]].
+
See also: [[#Banks Recommended for Foreigners|Banks Recommended for Foreigners]].
  
−
== Lists of (Giro) Bank Accounts for Individuals ==
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== Lists of Banks for Individuals (''Girokonto'') ==
  
 
<div id="support-en"/>
 
<div id="support-en"/>
−
=== Bank Accounts With English Support ===
+
=== Banks With English Support ===
 
* {{Link|Bunq|bunq}}, speaks also: Dutch, French, Italian, Portuguese, Spanish
 
* {{Link|Bunq|bunq}}, speaks also: Dutch, French, Italian, Portuguese, Spanish
 
* {{Link|Commerzbank|commerzbank}} (online banking, after signup)
 
* {{Link|Commerzbank|commerzbank}} (online banking, after signup)
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<div id="iban-de"/>
 
<div id="iban-de"/>
−
=== Bank Accounts With German Account Number (IBAN) ===
+
=== Banks With German Account Number (IBAN) ===
 
* {{Link|1822direkt|1822direkt}}
 
* {{Link|1822direkt|1822direkt}}
 
* {{Link|comdirect|comdirect}}
 
* {{Link|comdirect|comdirect}}
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<div id="no_monthly_fees"/>
 
<div id="no_monthly_fees"/>
−
=== Bank Accounts With No Monthly Fees ===
+
=== Banks With No Monthly Fees ===
 
* {{Link|DKB|dkb}}
 
* {{Link|DKB|dkb}}
 
* {{Link|Insha|insha}}
 
* {{Link|Insha|insha}}
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<div id="free_cash_withdrawals"/>
 
<div id="free_cash_withdrawals"/>
−
=== Bank Accounts With Free Cash Withdrawals ===
+
=== Banks With Free Cash Withdrawals ===
  
 
==== … at all bank machines worldwide ====
 
==== … at all bank machines worldwide ====
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<div id="currencies"/>
 
<div id="currencies"/>
−
=== Bank Accounts With Multiple Currencies ===
+
=== Banks With Multiple Currencies ===
  
 
* {{Link|Bunq|bunq}}: [https://together.bunq.com/d/45414-local-currencies/4 more info]
 
* {{Link|Bunq|bunq}}: [https://together.bunq.com/d/45414-local-currencies/4 more info]
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<div id="broker"/>
 
<div id="broker"/>
−
=== Bank Accounts With A Broker ===
+
=== Banks With A Broker ===
 
These accounts allow you to trade shares and funds / ETFs. The term in German is usually ''Depot''.
 
These accounts allow you to trade shares and funds / ETFs. The term in German is usually ''Depot''.
  
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<div id="crypto"/>
 
<div id="crypto"/>
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=== Bank Accounts With Crypto Currencies ===
+
=== Banks With Crypto Currencies ===
 
These accounts allow you to trade '''Bitcoin''' etc.
 
These accounts allow you to trade '''Bitcoin''' etc.
  
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<div id="bonuses"/>
 
<div id="bonuses"/>
−
=== Bank Accounts With Bonuses ===
+
=== Banks With Bonuses ===
  
 
These accounts will pay you for signing up.
 
These accounts will pay you for signing up.
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<div id="comparisons"/>
 
<div id="comparisons"/>
−
== Comparisons of Bank Accounts ==
+
== Comparisons of Banks ==
−
These finance services compare current bank accounts on the market and let you filter the list by specific features:
+
These finance services compare current banks on the market and let you filter the list by specific features:
  
−
=== Bank Accounts for Individuals Compared ===  
+
=== Banks for Individuals Compared ===  
−
* [[/Comparison|Bank Account Comparison on ExpatWiki]]
+
* [[/Comparison|Bank Comparison on ExpatWiki]]
 
* [https://vergleiche.financequality.net/12857/22391/ Accounts compared by FinanceQuality]*
 
* [https://vergleiche.financequality.net/12857/22391/ Accounts compared by FinanceQuality]*
  
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=== Bank Accounts for Students Compared ===
+
=== Banks for Students Compared ===
−
* [[/Students|Student Bank Accounts Compared]]
+
* [[/Students|Student Bank Account Options Compared]]
  
 
<div id="recommended"/>
 
<div id="recommended"/>
  
−
== Bank Accounts Recommended for Foreigners ==
+
== Banks Recommended for Foreigners ==
  
 
All listed banks also accept non-Germans. But some make it easier than others.
 
All listed banks also accept non-Germans. But some make it easier than others.
  
−
Bank accounts suitable for expats:
+
Banks suitable for expats:
  
 
* have support in English (or even more languages)
 
* have support in English (or even more languages)
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* accept many foreign passports and identity cards for opening
 
* accept many foreign passports and identity cards for opening
  
−
Recommended bank accounts for expats are:
+
Recommended banks for expats are:
  
 
=== {{Link|Vivid Money|vivid}} ===
 
=== {{Link|Vivid Money|vivid}} ===

Revision as of 16:37, 8 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: Bank 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 all bank machines worldwide

… at all bank machines in EEA

… at bank machines of the bank's network

…at shops

Some banks cooperate with shops: You can go to the checkout of a branch and withdraw money from your bank account, using your card. There are 2 systems:

Cash-Back
Viacash

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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