How to open a bank account in Germany?

Germany’s three pillar banking system is efficient, secure, and highly regulated, offering a mix of traditional banks (like Sparkasse and Deutsche Bank) and modern digital banks (such as N26 and Revolut). While traditional banks have extensive branch networks, digital banks provide English-friendly, fee-free alternatives with seamless mobile banking. Whether you need a basic current account (Girokonto) or specialized services, German banks cater to residents, expats, and students alike, just be prepared for some paperwork!

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How to open a bank account in Germany?

Opening a bank account in Germany is one of the first and most important steps for newcomers, whether you're a student, an expat, or a long-term resident. A German bank account simplifies salary payments, rent transfers, utility bills, and everyday transactions. However, the process can vary depending on the type of bank you choose.

This guide will walk you through the entire process, from selecting the right bank to receiving your debit card ensuring a smooth and hassle-free experience.

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1. Bank and Account type

Germany offers two main types of banks: traditional and digital. Traditional banks have physical branches but often charge monthly fees. Digital banks operate entirely online, usually offer free accounts, and provide English support. Consider your needs and use the below criteria to filter out the options

1. Fees: Traditional banks often charge monthly fees (€3-€15), while digital banks typically offer free basic accounts
2. Accessibility: Consider ATM networks, traditional banks have wider coverage
3. Language Support: Many digital banks offer full English support
4. Account type: Look for overdraft options, savings products, or investment options
5. Customer Service: Digital banks usually offer chat/email only

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2. Required documents

Before applying, collect these essential documents:

• Valid passport or EU national ID card
• German residence permit or visa (for non-EU citizens)
• Proof of address (Anmeldung registration from Bürgeramt)
• Proof of income or employment (sometimes required)

Optional documents include a Schufa credit record (for credit cards), student ID (for student accounts), and your German tax ID (Steuer-ID). Having these ready speeds up the process.

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3. Application

The application process varies depending on whether you choose an online bank or a traditional bank with physical branches. Check the bank’s website to confirm if online or in-person submission is needed. Simply fill out the form, upload your documents (or bring them to a branch), and complete identity verification. Some banks offer instant approval, while others may take a few days to review your application.

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4. Identity verification

Since Germany has strict banking regulations, you must verify your identity while opening a bank account.

Methods of Verification:

• VideoIdent: A quick video call where an agent checks your ID. Details are provided by the bank.
• PostIdent: Visit a Deutsche Post office with your ID and a bank-provided code.
• In-Person Verification: Required at traditional banks if applying in a branch. Verification is done during the document submission step.

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5. Confirmation and Account details

Once the application is processed and approved, you will receive a confirmation from the bank along with

• Your German IBAN (necessary for transfers and direct debits).
• Online banking login details (via email or post).
• Debit card (Girocard) or credit card (delivered by mail in 3–7 business days).

Activate your card as soon as it arrives, and set up online/mobile banking for easy transactions.

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