bank account In Germany

how do I create a bank account? We outline the factors you should think about before creating an account.

If you intend to stay in Germany for an extended amount of time, such as to rent an apartment and have your paycheck deposited, you will need a German bank account (Girokonto; current account).

Establish a bank account

A valid passport, a residency permit, a certificate of registration, and a wage statement are often required to open a bank account (depending on the type of account).

Please be aware that various banks may have different costs, such as those for managing accounts or sending money to banks outside of Europe. So, it is advisable to contrast several banks before selecting one.

Banking online

Many people use internet banking to carry out their financial operations. Both a branch bank and a direct bank (available solely online) allow for this. You may obtain personalized assistance and deposit money directly into your account at a branch bank. You can’t visit a bank branch directly with a direct bank; your only options are online and via phone. But, in many situations, a direct bank account could be less expensive.

No-cash payment

The majority of stores accept cash, debit, and credit card payments. Several smaller food establishments, such as those at the weekly market or the bakery, only accept cash; EC cards (electronic cash cards) are only accepted for purchases up to a specific amount at other establishments. You may send money when you purchase online using a credit card, an instant bank transfer, Giropay, or PayPal.