They often let you create an account before you have an address in Germany. Best Bank Accounts for Expats in Germany. But if you get accepted, which is usually the case, you can be sure to have made the right decision to sign up with DKB. Zweiten Kontoinhaber – Secondary account holder. Deutsche Bank is Germany’s largest nationwide bank, highly regarded internationally. The German economy with a population of 81.7 Million (Est 2010) ranks 5th in the world with a GDP PPP of 2.8 trillion and GDP PPP per capita of 34,388 vs 45,934 (United States) according to the IMF in 2009. Deutsche Bank: As per the total assets acquired, this tops the list in the ranking. Overview of Banks in Germany The top banks in Germany are:. You can easily do an online-id-process, which is quite convenient. Aktuelles Nettoeinkommen pro Monat in Euro: Current net income per month in Euro As already mentioned, this won’t affect most of you, but as we have to decide which is the best German bank this is what made Netbank come in 2nd place. Sign up processes may vary from bank to bank but here is a list of which information generally is needed when you open a German bank account: Vorname – First name You will have to identify yourself via a webcam where you must show your current ID or passport and a pin number which you will receive via email. First of all, no matter if you sign up for DKB, Postbank or Netbank, you will be in very good hands either way. Number26 – the full service in English, for free. The aim is to help you decide which is the best German bank … In beginning of 2011 just half of the adults used online banking in Germany, and currently it is up to 80%. Free Visa Credit Card for 1 year Free Maestro card and Mastercard credit card Make sure to opt in for a free of charge Visa Credit Card. Geburtsdatum: Date of birth Therefore finding the best bank should be one of the first things to take care of when moving to Germany. It does not matter if you go to DKB, Norrisbank, Postbank or Commerzbank they all request the same basic data. Name – Family name In summary there is no reason at all not to sign up with N26 right now. Free money withdrawal from any ATM in Germany and worldwide with free Master Card It is relatively easy opening a German bank account, also when speaking little to no German. Still, online banking is not for everyone. We suspect that in order to offer that great service and good rates DKB makes sure to minimize the risk of getting ‘bad’ customers that might not have enough money on their bank account. Usually it will take up to 5 working days until the papers from the bank arrive at the stated address. You can open an bank account if you fulfill those requirements within 10 minutes. Especially foreigners will appreciate the ability to sign up from abroad and their customer service that also usually speaks English. Top Banks in Germany Following are the largest banks in Germany ranked by total assets, in billions of euros. If you don’t feel comfortable with online banking yet then Postbank is a very good choice to open up your German bank account with. DKB – Deutsche Kreditbank has been rated best bank in Germany in many leading consumer magazines from Focus Money to Handelsblatt. We have listed the best banks in Germany below. There are also around 200 smaller regional banks in Germany. To ensure that you understand the requested data we translated the most important fields for you. Online banks have become more and more present since they offer relatively high-interest rates, good customer services, low fees and 24/7 access to your finances. While at most other banks you still need to physically show up at an office to prove your identity, N26 let’s you sign up completely online. DKB is therefore the best bank in germany for foreigners and the best bank in germany for students. DKB’s online banking interface is state of the art and makes online banking easy and fun. The sign-up process is very similar in every bank. Steuerliche Ansässigkeit: If you only pay taxes in Germany This can all be done relatively easily at the Commerzbank. That is a good indicator that DKB is a great choice for your German bank account. The Commerzbank is a strong entity that offers almost everything a normal customer may need from their bank. They have a partnership with the Bank of America, which can make money transfers simpler. And this will cost you money. You will have plenty of banks to choose from if you are looking for simple online banking … The Girokonto will cost a monthly fee but with just 3,90€ a month that is a fair offer. N26 is definitely the easiest way for English natives to sign up for a German bank account. It does not have to be one or the other, you can also choose both! The banks that are mentioned in this section are online banks. The Hanseatic Bank GenialCard Visa ranks consistently high in all rankings in Germany and for good reasons. If this is an important point for you, then it could be smart to open a bank account with the DKB, because their online presentation makes signing up really easy! DKB makes it is possible for foreigners or future expats to open a German bank account from abroad. If you look for a solid fee credit card, look no further. Commerzbank owns … This means that online banks are gaining ground on the traditional banks. Most online banks don’t. Wohnstatus: Resident status Most of you will not reach 5 withdrawals a month and therefore this would not bother you. We have listed below the most frequently used and reliable banks in Germany. Finding the best bank in Germany is not an easy task. How? If you are fine with doing all your banking online – this is the best bank account in Germany for you. So if you did not have an apartment (because you did not have a German bank account yet) things could get very tricky. DKB – Deutsche Kreditbank is a direct bank from Berlin that has been voted best direct bank by Focus Money for already the sixth time in a row. After you have provided all the requested information you will have to agree with the terms and conditions of the banks. Tätitgkeit – Occupation In fact Germans do love paying with their EC-card even for goods less than 5 Euros. We will compare the advantages of disadvantages of the most famous German banks and find the perfect choice for you. Moreover, there is no credit check or ‘Shufa’ entry necessary, which makes it fairly easy to open an account. Are you wondering what best bank in Deutschland is? Aktuelles Nettoeinkommen pro Monat in Euro – Current net income per month in Euro If you ever tried to learn German you can imagine how helpful this really is. The biggest four banks are Deutsche Bank, Commerzbank, KfW and DZ Bank. Germany’s larger banks are often the number one choice of many expats since many offer teams that cater specifically to foreigners. And on top of that there are around 7.000 retail stores in Germany where you can get cash for free. DKB & N26 have won so many tests and really is that good that it is an obvious choice to sign up with one of them. Imagine travelling and having to pay each time you get out cash in another country. All activities of the Commerzbank can be managed online. Familienstand: Civil status The selection was made by me personally and super-subjectively – but in contrast to most current account comparisons on the Internet, I use these accounts myself. Usually Cash Group ATMs are everywhere to find, but sometimes, especially if you need to get out cash urgently, it might happen that you need to use a non cash group ATM. They are well represented within Germany and can be found in every city and almost in every village. So on top of being very convenient N26 is also free of charge, which is an exception nowadays with the low interests where banks need to earn money by charging for their accounts. In this way, you can use the best of both worlds. The international banks in Berlin, Hamburg, Munich, Cologne, Frankfurt am Main, Essen, Stuttgart, Dortmund, Düsseldorf, Bremen, Hanover, Leipzig Germany can be classified according to their country of provenance, Most of them are based in the United Kingdom, but the number of French banks is also noticeable, while Swiss and overseas banks … Commerzbank is the second largest bank in in Germany. We have heard that DKB sometimes might decline applications without telling you a reason why. The traditional banks are doing their utmost best to ramp up their web presence to compete with the online banks. At the same time, … This is something that can come in handy when you are often abroad. However, it is selective in accepting clients, especially non-German speakers. If you can’t provide a steady income application might get declined. Familienstand – Marital status If you open a bank account in Germany be sure to have all the information needed available. Finding the best bank in Germany for foreigners is not easy, but with our tips we will ensure that you will find the bank that fits to your needs. It seems like that banks in Germany are still stuck in the last millennium. Therefore it is hard to say what the best bank in Germany is because everybody has other needs. The German Postbank AG is one of the largest traditional banks in Germany. Deutsche Bank remains in recovery mode in M&A in its domestic market, rising one place to seventh. The largest private banks are Deutsche Bank, Commerzbank and Unicredit Bank AG (HypoVereinsbank). Well, it’s nowhere written that you’re obliged to get a bank … But this means that they will charge a little fee for the Girokonto plus. So whether your account got closed due to suspicious login attempts or you have some questions regarding your account there will always be a friendly DKB employee to help you with your problems. According to the ‘Bundesverband deutscher Banken’ banks are steadily getting rid of their brick-and-mortar offices in the last years. DKB is the best German bank, if you are comfortable with doing all your banking online and you don’t mind to sign up for your account in German. Free unlimited money withdrawal from any ATM in Germany and worldwide with DKB Visa card You need to have proof of Identity and you need to be 18 years and older. With traditional banks like Sparkasse or Hypovereinsbank you can only withdraw money without a fee at ATMs of their branch. Land – Country When it comes to online banks, DKB offers the best rates and benefits in the online banking segment. Once you have a German bank … You will find out in detail on this page! Bank of Communications, Frankfurt; Bank Sepah, Frankfurt; Citibank Privatkunden, Düsseldorf (since December 2008 part of French Crédit Mutuel bank) Citigroup Global Markets Deutschland (Corporate Bank… If you prefer face to face banking- this could be an option worth concidering. Also, DKB makes it easy to set up a German bank account for foreigners since they have a clear business model. The main question that you hear nowadays is if the online banks offer better value than brick-and-mortar banks (banks that have a physical presence in a building). This is something no other German direct bank has achieved ever before. Top 3 German Bank Accounts No monthly or annual fees Online banking in English, German, Spanish, French & Italian Free Mastercard Apple Pay & Google Pay Staatsangehörigkeit : citizenship N26 – Best Bank for English Speakers. TOP 5 German Bank Accounts. If you do not feel comfortable yet to open up an online bank account then Postbank is your best choice. This is what we want when we think of good banking. DKB – Deutsche Kredit Bank has some outstanding … Their main advantage is that they offer free VISA credit card with free worldwide withdrawals. Free Worldwide cash withdrawal for Active Members 4. Geburtsname: Maiden Name If you are interested you can have a look at their website and see if this is the right bank for you. Getting out cash without paying fees at any ATM is a big plus for signing up with DKB. As mentioned before make sure to sign up with DKB already before moving to Germany as it comes in very helpful to already have a German bank account before moving to Germany. During the process you simply state your current foreign address and you can open a German bank account and receive their free DKB Visa Card. Therefore if you open a German bank account you better should do this as soon as possible after moving to Germany. Easy and quick as that. List of banks operating in Germany including business focus, customer rating and total assets. Everybody is different, and therefore there is not one bank that can fulfil everybody’s needs. The bank was founded 1990 and serves now over 3 million German customers. Most traditional banks generally charge fees for withdrawals at another bank’s ATM within Germany. Be aware that the Credit Card will cost 29€ per year from the second year onwards. The best option for most people for a German bank account: N26 I’ve been using N26 for a few years and it has always served me well in Germany or abroad. So get prepared to always bring your EC-card wherever you go. While ING operates hundreds of bank branches in the Netherlands and Poland, it is known as an entirely web-based bank in markets like Australia, Germany and Spain where it ranks in the top-five. N26 offers bank accounts to non-German residents. I’ve personally been very satisfied with their … Most of them have no monthly account fee, except for the Deutsche Bank checking account. With your Girokonto you will automatically get an EC-card which will enable you to withdraw money from any Cash Group ATM free of charge and also pay in most supermarkets/restaurants/shops cashless and also free of charge. Furthermore, when it comes to traditional banks, Deutsche Postbank offers tailored service and is well represented within Germany. It should be standard nowadays that you can do your banking online and without any hassle. But if you have lived in Germany for a long time and have a decent credit rating you can try to open an account here. The best bank for you depends a lot on your banking needs. Only free cash withdrawal from cash group ATMs. The Deutsche Postbank primarily focusses on business with private customers and on small and medium-sized companies. But why did Netbank only come in on third position to be the best bank in Germany? You will love this once you run into any troubles with your account, because usually such things always happen on a Sunday with nobody working. We have compared the pros and cons of every bank and made an overview for you. Traditional banks are more flexible with the identification documents they accept. Private banks in Germany make up around 40% of all German banks, with around two-thirds of them belonging to big centralized chains. Local branches throughout Germany With our help you will be able to pay less for more service and quality. By clicking "Accept" you agree to cookies being used in accordance with our, Continue here if you want to check out N26 and sign up with them, Postbank – Best Traditional Bank in Germany, Unlimited free cash withdrawal at 7.000 retail stores, Sign up bonus of up to 250€ worth of vouchers (certain conditions apply). It has around 14,5 million customers worldwide and was founded in 1870. Good luck banking! So if you are looking for a bank account in Germany make sure to sign up with DKB. Meanwhile, there is a clear up-trend in online banking. Deutsche Bank. With your N26 account you can get out cash for free up to 5 times a month at any ATM in Germany. N26 is used by most expats since there is no minimum input and their mobile banking app is in English. Germany holds three other slots in the top ten, for a total … It has around 16 million customers in Germany alone and has offices in every major city. Zweiten Kontoinhaber: Secondary account holder. The Germany’s banking system includes approximately 200 private banks, 400 public savings banks and over 1,000 cooperative banks. Many banks in Germany charge a monthly administration fee for the pleasure of you holding an account (Girokonto in German). In order to sign up with Netbank you need to fill out their online application plus follow the PostIdent, which means that you have to go to any Post in Germany and prove your identity. It seems like that banks in Germany are still stuck in the last … Titel: Titel This way you will be able to also withdraw money for free worldwide if you are frequently traveling. We have selected 2 of the best online banks in Germany for expats and English speakers: N26 is a purely online bank. There are a lot of banks on the market, and therefore you have a dizzying number of choices. Vorname(n): First Name This is one of the best bank accounts in Germany. You now have officially opened a German bank account. Postbank is a traditional bank where you do all your banking in their local branches. Free money withdrawal up to 5x per month from any ATM in Germany and worldwide with N26 Mastercard. Honestly it is a close call between DKB, Postbank and Netbank. Girokonto just 1,90€ per month If you still don’t understand what exact data they require from you be sure to translate the page in your browser, as described on top of the page. Open one account at an online bank and one at a traditional bank. Not without good reasons Postbank was voted “best Girokonto” in 2014. Luckily Netbank is an exception and offers a very user friendly online banking interface. Lifetime free bank account 2. N26 is clearly a top choice for everyone who feels comfortable with banking purely using and App. DKB offers a local 24/7 service hotline concerning any problem that you might run into. Once you have sorted out your German bank account you should consider finding the best German internet provider or the best German phone provider. Free cash withdrawals worldwide, free Master Card and 24h customer service. But it is such a close call between DKB and Netbank that this limitation set Netbank to second place only. There are only few reasons that speak against DKB and these are mainly that DKB is a pure online bank, so you need to feel comfortable with doing all banking online. However, it is up to you to decide what you like best. 6 of the Best Banks for Expats in Germany | Life in Düsseldorf This comes in as no surprise as DKB really offers outstanding advantages to many other traditional banks such as free money withdrawal worldwide or 24/7 service hotlines. Limit of 5 free withdrawals per month with Master Card. If you handle a lot of cash on a day to day basis, this company could be something worth considering because they have a lot of branches. If you are travelling a lot it gets even better as you can get out cash for free at any ATM worldwide as often as you want. The N26 Checking account is free of costs. It is a prepaid credit card and it does not allow overdraft. Furthermore you will most likely have to pay a hefty fee for each transaction such as getting cash at a German ATM with your foreign bank account. Similar to DKB also Postbank has won several awards in the past including the one for safest online bank by Focus Money. The Postbank is well known for its high customer satisfaction rate. If you look for a solid fee credit card, … Do I need to get a German bank account? In that way, you can find the best German bank account that fits your needs. Deutsche Bank AG, the largest bank in Germany, provides financial services to retail … Very important nowadays that you can take out cash at any ATM for free worldwide. Best Country for Safety – Germany. This bank offers … 24h customer service Doesn’t this give you some peace of mind moving all your banking from traditional banking to online banking? Choosing the best bank in Germany is a difficult task. All of these banks offer clear contracts for non-German speakers and are used by most German inhabitants. Think about account management, retirement or mortgage planning. The fully online bank N26 (formerly called Number 26) provides the most modern facilities and also provides a free bank account. The bank was founded 1990 and serves now over 3 million German customers. With around 1200 bank branches in Germany alone, it is one of the most represented banks in Germany. Believe it or not, but right now N26 is the only bank in Germany that let’s you sign up for a bank account on an English website. Deutsche Bank. The reason is that it is the … Very easy and clean online banking interfaceGreat customer service Hanseatic Bank, Hamburg; Targobank, Düsseldorf; Triodos Bank, Frankfurt; UniCredit Bank AG, Munich; Swiss and overseas banks. The Postbank has offices in every major city and can be found and almost every village. You can open a bank account within 10 minutes. Free withdrawal from 10.000 ATMs from Cash-Group in Germany Everything, that you needed to go to your local bank to in the past now can be done online. It provides everything you will need to do all your banking. Well if you go for the standard credit card you can get out cash for free at any ATM worldwide – with the limit of 5 withdrawals for free per month. But you would be surprised how many traditional German banks still struggle with the digital age. The DKB is a subsidiary of the Bavarian bank. As already mentioned N26 is the only German bank at the moment that offers an English banking interface and also an English signup process. Continue here if you want to check out N26 and sign up with them. Moreover, if you are in a business where you handle a lot of cash on a regular basis, this would be the right choice for you. Use the benefits of an online bank – high interest rates and free ATM usage- and use the benefits of traditional banks- tailored service and personal assistance. And, which of them offers the clearest contracts and the best conditions? However, if you do not need a personal contact in one of their branches, an account with one of the online banks … The bank primarily focuses cash checking accounts for private and freelance clients, but they also offer financing of real estate and the granting of personal loans. Very easy and clean online banking interface That’s all there is to it! It does not matter if you live in Berlin, Munich, Hannover or Frankfurt – you will find a Postbank branch in your city. In the past (and with most other banks still today) you needed to provide a German address in order to get the final documents sent. In Global Finance’s most recent list of safest banks, one of Germany’s banks takes the number one spot. Staatsangehörigkeit – Nationality If you are fine … Moreover, you can withdraw cash from any ATM in Germany without paying additional fees. Signing up with a bank in Germany is very important as you will not be able to rent an apartment or sign up for internet without a German bank account. Ea… If you are from German origin and you possess a German ‘Personalausweis’ you can easily open a bank account using the AusweisApp. Telefon & email – Telephone number & email address The signup process is online and in English, the account is completely free of charge and you can get out cash for free at any ATM. 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