How to open a German bank account
Opening a bank account in Germany isn't usually a difficult task.
In fact, knowing the value of solid savings and a good credit rating, Germans have gone out of their way to make the process streamlined and efficient.
Before you can open a bank account in Germany, you'll need to satisfy certain requirements. For starters, applicants must be aged 18 and over. Now comes the slightly trickier part. Individuals who come from outside the European Union must provide documentation which proves they are registered as German residents, and that they have a valid work permit.
What do I need to open a Bank Account in Germany?
These requirements mean that a little work will be involved when you start an account. However, the various stages aren't hard, and you should have most of the documents required. To set you on your way, here's a breakdown of things needed to open a bank account in Germany:
- Your passport
- A valid German visa
- Any documents showing that you are enrolled on a university course or employed in Germany
- Your Meldebescheinigung (documents confirming your German address). This can be obtained by making an appointment at your local Bürgeramt - which functions like a town or city hall.
- Some banks may also request documentation showing a regular income, such as your last three pay slips.
Once you have these documents, you can head to a local bank branch and start filling out forms.
However, nowadays the best place to open a bank account is definitely online.
For example, the mobile bank N26 simply requires your name, birth date, and German address. After that, you need to supply the "supporting ID" listed above, and then your account can be created instantly. The whole process is designed to take 8-10 minutes.
The same applies with Monese, another popular mobile banking app. Again, users just download the app, submit a few personal details, and then add their ID information. Within a few minutes, you can be up and running, depositing Euros as with any normal account.