Bank Setup
Easily open a bank account for everyday life in Germany.
A German bank account is essential for receiving salary, paying rent, and managing daily expenses. We'll help you choose the right bank for your needs.
Recommended Banks in Germany
Highlights:
- • 100% English
- • Free basic account
- • Easy setup
Monthly Fee: €0-€16.90
Opening Process: Fully digital with video identification
Highlights:
- • International presence
- • English service
- • Investment options
Monthly Fee: €5.90-€11.90
Opening Process: In-person or online with video identification
Highlights:
- • Widespread ATM network
- • English online banking
- • Student accounts
Monthly Fee: €0-€9.90
Opening Process: In-person or online with video identification
Highlights:
- • Multi-currency
- • International transfers
- • Investment features
Monthly Fee: €0-€13.99
Opening Process: Fully digital with selfie verification
Highlights:
- • Local presence
- • Comprehensive services
- • Savings focus
Monthly Fee: €3-€10
Opening Process: In-person only
Highlights:
- • International focus
- • Excellent exchange rates
- • Multi-currency accounts
Monthly Fee: €0
Opening Process: Fully digital with ID verification
Blocked Account for Students
A blocked account (Sperrkonto) is required for international students to prove financial means for their visa application. It demonstrates that you have sufficient funds to support yourself during your studies in Germany.
Required deposit amount
€11,208 (for 2023/2024) - approximately €934 per month
Highlights:
- • Recognized by German embassies worldwide
- • Digital process
- • Quick verification
Fee: One-time: €89, Monthly: €4.90
Opening Process: 100% online process with English support
Highlights:
- • Traditional banking option
- • Physical branches in Germany
- • Wide ATM network
Fee: One-time: €150, Monthly: €5.90
Opening Process: Application online, verification in-person after arrival
Why This Matters
A German bank account is essential for your life in Germany. You'll need it for:
- • Receiving your salary or scholarship
- • Paying rent and utilities
- • Setting up direct debits for recurring payments
- • Setting up a mobile phone contract
- • Proving financial stability for visa applications