🏦 How to open a bank account in Germany

1. 💳 What type of account do you need?

Current account (Girokonto)

This is the standard everyday account. You use it to:

• Receive your salary
• Pay rent
• Set up direct debits
• Use a debit card

Most people only need this type.

Business account

If you are self-employed, you should open a separate business account. It makes bookkeeping much easier.

2. 🏦 Choose the right bank

Online banks (Direct banks)

• Usually cheaper
• Easy online setup
• App-based
• Good for expats

Everything is handled digitally.

Traditional banks

• Physical branches
• In-person support
• Often higher monthly fees

Some landlords prefer tenants with a German IBAN, but any EU IBAN usually works.

3. 📋 What you need to open an account

Typically:

• Passport or ID
• German address (Anmeldung is often required)
• Residence permit (if applicable)
• German tax ID (sometimes later)

Some banks are stricter than others.

4. 📝 The process

Step 1: Apply online

Fill out your details.

Step 2: Identity verification

Usually done by:

• Video identification
• PostIdent at the post office

Step 3: Approval

You receive confirmation within a few days.

Step 4: Receive your card

Your debit card arrives by mail.

The entire process can take a few days to two weeks.

5. 📌 Important things to know

IBAN

Your German account will have a German IBAN starting with DE.

Monthly fees

Some accounts are free. Others charge a monthly fee depending on income or usage.

Cash withdrawals

Check:

• ATM fees
• Partner ATM networks

Overdraft (Dispo)

Banks may offer an overdraft credit line after a few months of income.

6. ⚠️ Common problems

• No Anmeldung yet
• Limited residence permit
• No German income
• No credit history (SCHUFA)

If rejected, try another bank. Requirements differ.

7. 🎉 After opening your account

Update your bank details with:

• Employer
• Landlord
• Health insurance
• Phone provider

Set up:

• Direct debits
• Online banking
• App access

✅ Summary

To open a bank account in Germany:

1. Choose a bank
2. Apply online
3. Verify your identity
4. Receive your IBAN and card
5. Use it for salary, rent and contracts

It's straightforward once you have a registered address.