Opening a bank account is one of the first steps to settling in Germany, whether you’re here for work, study, or a fresh start. This 2025 guide will walk you through everything you need: from documents to the best banks for foreigners, plus a downloadable bank comparison PDF.
🏦 Why You Need a Bank Account in Germany
Without a local account, daily life in Germany becomes difficult. You’ll need one to:
Pay rent and utilities
Receive your salary or student grant
Get health insurance
Shop online or use mobile apps
📄 Documents You’ll Need
To open most accounts in Germany (online or in person), prepare:
✅ Valid passport or national ID
✅ Proof of residence (Anmeldung)
✅ Residence permit or visa (if non-EU)
✅ Sometimes: Employment contract or student enrollment letter
Some online banks may only require ID + video verification.
🏛️ Types of Banks in Germany
1. Traditional Banks
Examples: Sparkasse, Volksbank, Commerzbank, Deutsche Bank
Pros: Branch access, ATM network, trusted by landlords
Cons: German-only service, slow paperwork, higher fees
2. Online Banks (Fintech)
Examples: N26, bunq, DKB
Pros: Quick sign-up, English support, modern apps
Cons: No branches, may reject applicants without Anmeldung
3. International-Friendly Options
Examples: Wise, Revolut
Pros: Easy multi-currency accounts, international transfers
Cons: Not always accepted as primary account (e.g. for rent)
📝 Step-by-Step: How to Open a German Bank Account
Option 1: Traditional Bank (In-Person)
Book an appointment at your local branch (often via website)
Bring all documents
Fill out forms (in German!)
Receive your bank card and online access in the mail (1–2 weeks)
Option 2: Online Bank (Fastest Way)
Go to the bank’s website (e.g., n26.com)
Fill out the sign-up form
Complete video verification with your passport
Get IBAN and digital card within minutes
🏆 Best Banks for Expats in 2025
| Bank | Language Support | Monthly Fee | Online Sign-Up | Notes |
|---|---|---|---|---|
| N26 | ✅ English | €0 – €9.90 | ✅ Yes | Great for newcomers |
| bunq | ✅ English | €2.99+ | ✅ Yes | Eco-friendly, smart savings |
| Commerzbank | 🟡 Partial | €0 – €4.90 | ✅ Yes | Good for in-person needs |
| DKB | 🟡 Partial | €0 – €5.00 | ✅ Yes (EU only) | Popular but harder for expats |
| Wise | ✅ English | Free + fees | ✅ Yes | Great for international use |
| Revolut | ✅ English | Free – €9.90 | ✅ Yes | Multi-currency, global card |
🆓 Download full comparison PDF here
💡 Tips for a Smooth Start
Use a SEPA-compatible bank so your IBAN works in Germany
Keep Anmeldung ready, especially for traditional banks
Online banks are great for speed, but check if your employer/landlord accepts them
❓ FAQ: Bank Accounts in Germany
Can I open a bank account without Anmeldung?
✅ Yes, some banks like bunq and Wise allow this, but most require it.
Do I need a German phone number?
Not always, but it helps with 2FA and SMS banking.
Can I open a student account?
Yes! Many banks offer special student plans with no monthly fees.
🔗 Related Guides
👉 Anmeldung in Germany (2025 Guide)
👉 How to Find an Apartment in Germany (2025)
📌 Conclusion
Germany’s banking system can be complex, but you’ve got options. Whether you choose a modern online bank or a classic Sparkasse branch, the key is preparation. Choose what works best for your lifestyle—and download our comparison guide to help!
