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Introduction
To open a current account (Girokonto) in Germany, you must either book an appointment online or visit a nearby bank branch with the required documents. Some banks now offer a fully online account-opening process, where you complete an application form and confirm your identity via video chat or electronic signature.
Required documents
Whether you open the account online or at a branch, you usually need:
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A valid ID (such as a passport or national ID card)
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A valid residence permit
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A visa or residence title (if applicable)
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Proof of income (if requested by the bank)
Banks in Germany
Germany has a large number of banks, so it is advisable to research and choose the one that best suits your needs.
Most banks charge annual or monthly account fees, and may also charge extra when withdrawing cash from ATMs belonging to other banking groups.
Types of banks
1. Private commercial banks
They offer banking services to private individuals and often focus on wealth management, for example:
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Commerzbank
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Deutsche Bank
2. Online / direct banks
These operate mainly or entirely online and often offer lower fees, such as:
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Tomorrow
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Vivid
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N26
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DKB
3. Public savings banks and cooperative banks
They often focus on regional customers and small and medium-sized enterprises, for example:
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Volksbank
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Sparkasse
Instant transfer feature
Sparkasse offers an instant transfer service (Echtzeit-Überweisung), which allows money to be transferred quickly between accounts.
The cost is around €0.50 per transaction, or free if you have a “Giro comfort” type account.
Summary
Opening a current account in Germany requires certain documents and an understanding of the different banking options. Choosing the right bank for your financial needs – in terms of fees, services and digital features – is an important step toward managing your money effectively.
The editorial team of our website strives to provide accurate information based on thorough research and multiple sources. However, errors may occur or some details may be incomplete. Please treat the information in this article as an initial guide and always consult the relevant authorities or professional institutions for confirmed and up-to-date information.
