Features of DKB Cash bank account for students: Postbank also provides a good service bank account and is free for students of any age. Each bank should provide you with a full list of fees when you open an account or have the information readily available online. However, the facilities provided are more than adequate for a student and therefore recommended. A worthy option, I’d say! Special Offer, only for our readers: Apply before 30.Nov.2020 and get joining bonus of €25. For the latest happy hour offer, check here. Also, DKB makes it easy to set up a German bank account for foreigners since they have a clear business model. German tax identification number (IdNr) German business identification number (W-IdNr. And Revolut and N26 offer them both. Now open to residents of Greece, Spain, Slovakia, France and Ireland. Proof that you are a student (if you’re opening a student account). Does Sparkasse bank also provide such opportunites, can i open DKB, N26, commerzbank, or deutsche bank account if i open my blocked account from Expatrio ? In Germany, there is a ‘three-pillar’ banking system consisting of private commercial banks, public savings banks (Sparkassen and Landesbanken), as well as cooperative banks (Genossenschaftsbanken). Guide with a comparison between Fintiba, X-patrio or Deutsche Bank blocked account and process what is a blocked account and how to open a student blocked account from your home country. Volkswagen Young Giro. This bank fully owns DKB (Deutsche Kreditbank), which is perfect if you’re aiming for lower fees and want to do all your banking online. Always read the fine print or look out for such charges. Bafög and other Student Loans in Germany. Apply now for a Transferwise Borderless Bank Account, What a helpful guide! Commerzbank is one of the big banks with branches and not a direct internet bank, therefore, you will always have a bank branch to go in case you need assistance. You need a blocked account. Your email address will not be published. Branches for verifying your identity, so useful for citizens who cannot do PostIdent. Banking in Germany Germany has a three-pillar banking system made up of private commercial banks, public savings banks (Sparkassen and Landesbanken) and cooperative banks (Genossenschaftsbanken). The fully online bank N26 (formerly called Number 26) provides the most modern facilities and also provides a free bank account. Only one German bank officially offers a 100% English experience: N26. Apply for Free credit card before 19 April 2015 and get joining bonus of €30. Features of Targobank starter-konto bank account for students are, To read more and open a Targobank Starter-Konto for students click here. The tradition in Germany has long been to buy financial products from one of the very many banks here. However, regardless of which bank you choose to open your account with, you will be required to provide a complete set of documents. See other best Credit Card promotional offers and Deals in Germany, Copyright © 2014 Banks GermanyTheme created by PWT. Open a free German bank account with free MasterCard. ... (Sperrkonto) in German Bank: German Government has announced that the minimum amount of money student … The documents are, in turn, signed and sent to the bank. Valid till March 31, 2016- open a free Commerzbank account and get upto €175 euro as cash bonus and 11,000 award miles from Miles and More till March 31, 2016. Sitting squarely in the heart of Central Europe and home to over 80 million citizens, it isn’t hard to see why Germany … One can deposit in Germany through more than 6,000 supermarket checkouts or via bank transfer. The BAföG Bank Loan supports those students who either exceed the … Online banking … Please help me guide in a right way. Commerzbank … The interest rate is … Studying in the UK is expensive for both domestic and international students, so it is important that you choose a good student bank account that can help you to maximise your money. As a rule German banks … The bank’s core business is investment banking. To increase your chances of getting admitted at a Germany university, learn more about the requirements for international students, and best prepare yourself for studying and living in Germany, check out our FREE guide for international students. DeutscheBank is the most well known and most used account by students, mainly because they have English speaking customer service and a fast opening of the account. Read more why it is the best account for a newcomer foreigner in Germany. Valid on weekends till further notice- open a free Commerzbank account and get €100 euro as cash bonus and 7,000 award miles from Miles and More till December 31, 2015, See the list of the best bank account promotional offers and deals in Germany, A simple step-by-step guide on how to open a bank account in Germany. Bank charges in Belgium vary across different banks for the various services that they provide. We publish news about the latest German higher education system changes and education policy updates, as well as a vast amount of informational content, articles, and research about studying in Germany for international students. Your valid passport and current German residence permit. You can also get a Mastercard debit card if you are a German resident. Lifetime Free Credit Card with joining bonus. Basically, these major banks cooperate as the Cash Group and allow free withdrawals from one another’s ATMs. Features of Commerzbank startkonto bank account for students are, To read more and open Commerzbank startkonto bank account for students click here. For students between 18 and 27 years of age only. *) For tax purposes, I am registered in Germany and the following countries: Note: For every account holder, authorized person, beneficial owner banks … Both German and international students are entitled to receive this loan, in accordance with §8 BAföG (see the chapter "BAföG"). What makes it interesting is the joining bonus for new customers. Postbank Giro plus. Even if you already have a blocked account, it would advantageous to open another checking bank account (Girokonto) for the daily transaction. deposit a regular monthly salary). List of Best Banks for Students and Trainees. This account also provides a free credit card (Prepaid Card) along with the account. You can secure everything online and without any knowledge of German… Features of ING DiBa Girokonto Student bank account for students are. Using the debit card you can spend in the currency of your bank account free of charge, and withdraw cash up to €200 free of charge. It provides a free bank account for all users. Now owned by Deutsche Bank, this bank was once the biggest retail-customer bank in Germany. Bank account for students and trainees in Germany. Free account management – no minimum deposit and no monthly payment necessary. Here is what you need to consider before opening a German bank account: Below, we will list some of the banks in Germany providing comprehensive, convenient, and excellent services. This is probably the best bank account for international students because it is entirely in English, starting from applying online in English, ... 2. Additionally, some online banks issue MasterCard or Visa, which in turn allow individuals to use any cash machine that has the MasterCard or Visa logo. As one of the biggest banks in Germany, this bank is highly-regarded for its customer service, accounts, and site dedicated to English speaking customers. Cost: Even though most of the banks provide a free bank account for students and trainees, there may some banks which has some hidden costs such as transaction charges or withdrawal fees. Find the accompanying article to the video here: Open Number26 online. Check the detailed step by step instruction with screenshots and English translation for opening a Postbank Giro plus account online for students. The German commercial and savings banking system is an efficient sales machine, lacking the strong controls or serious supervision from central authorities and happily unencumbered by any but the most minimal consumer protection laws. Therefore, you can still maintain the bank account after you have completed your studies. Just like the majority of expats, you must also be having questions when it comes to the procedure of opening a German bank account or even how banking in Germany works. You can study in Germany on fully funded or partially funded scholarships. This is arguably the best bank account, both for student and non-students since it is always free irrespective of your student status. This site uses Akismet to reduce spam. Most German banks are of high integrity and offer similar services, but fees vary widely and some are much friendlier to expats. For transfers outside the SEPA area, we recommend TransferWise (cheap international … Free Credit Card with travel insurance, also for international students. from 6pm to 8pm, or 8pm to 8am or on all day on weekends etc,). Recommended if you want a simple bank account for basic activities during your short stay in Germany. Therefore, you can have a Euro currency bank account even after you leave Germany. But of the two of them, I think N26 … Aiming towards regional economic development, these banks have large branch networks which can be found into city suburbs as well as rural areas. To read more and open a 1822Direkt Girokonto Studenten account for students click here. While up to now, international students needed at least 8,640 euros deposited in a blocked account in a bank in Germany… So, to do so, you might need to use a webcam, email verifying code, or use PostIdent, which is an approved substitute used to identify your identity, with the fee paid by the corresponding online bank. So make sure to close the account when you finish your university studies to avoid incurring the charges. But, don’t worry, we’ve got you covered. You can sign up and get verified online, all without a local address or visiting a branch. For investing, studying or working abroad. Some embassies require that the student open a blocked account (sperrkonto), which you can do at Deutsche Bank, Fintiba or X-patrio. I had no idea there were so many banks in Germany, let alone banks offering free accounts for students. Please advise. To open a bank account in Germany, you should provide the following documents: To open an online bank account in Germany, you will also be required to verify your identity. Free Credit Card with Instant online approval, transfer to bank account from credit card and cash back offers. The Federal Foreign Office of Germany has increased the amount of money that foreign students wishing to study in Germany need to attest owning, for nearly 20%. The N26 account is also called the smartphone account as it allows the use of the account only if you have a smartphone. GLS Bank, Bochum Hamburg Commercial Bank (formerly HSH Nordbank), Hamburg / Kiel (dual seat) Aimed at international students moving abroad, Transferwise Borderless account provides free Euro Bank account with IBAN details. For most international students Germany has been for a long time an opti… With a German bank account, you can transfer your semester contribution … DeutscheBank Das Junges Konto. It is a public regulated bank based in Munich, and as so it offers private and commercial customers a variety of services. Keep a lookout for joining bonus offers. So, if you cannot open an online account because your passport is not accepted for PostIdent, this is the best option for international students. Most people agree that either N26 or Revolut is the best bank in Germany for students. Commerzbank Weekendbonus - €100 + 8k miles joining bonus, Free Advanzia Mastercard Gold Credit Card – 2020 Review, (Exclusive Deal) Gebuhrenfrei Mastercard Gold - €25 joining bonus, Hanseatic Bank - €30 Joining bonus free Credit card, Barclaycard New Visa Offer : €25 joining bonus for free Credit card till Aug 2014, Free Worldwide cash withdrawal using Mastercard (5 times per month for a free account), Smartphone settings (lock card / unlock with just one click), The account opening is the fastest in Europe – in just 8 minutes via Smartphone or online. DKB-CASH. You can create a free account online within minutes with TransferWise, where you can send and receive money in different currencies. same here i need to know about the fintiba too . 4. Apply for DeutscheBank Students bank account. KfW Student Loan. Before you make your decision on the type of account you want to open or which bank you want to opt for, make sure you consider a few factors regarding the services, branches, ATMs, and fees. For an international student, one of the first things to do will be opening a checking / current bank account (Girokonto) in Germany, that is if you haven’t opened one already from your home country. To read more and open a Netbank Girokonto for students click here. Government of Germany and Universities in Germany offer scholarships to international students and local citizens every year and we have listed here some best PhD Scholarships in Germany, Masters Scholarships in Germany… To read more and open a Postbank Giro Plus for students click here, For students between 18 and 27 years of age, Volkswagen bank provides a girokonto with the following services, To read more about Volkswagen Young Giro students account click here. Opening a German bank account is one of the first things you should do once you move to Germany. Benefits / Bonus: Some Banks provided added benefits for students, such as a free VISA credit card, or joining bonus as cash benefits. Student loans from banks offer international students the convenience of doing their banking and student loans all in one place. Click here for detailed information on how to open a blocked students bank account and comparison of different blocked account, opening a Postbank Giro plus account online, Postbank Giro Plus for students click here, Volkswagen Young Giro students account click here, 1822Direkt Girokonto Studenten account for students click here, Commerzbank startkonto bank account for students click here, a Targobank Starter-Konto for students click here, http://www.pakistan.diplo.de/Vertretung/pakistan/en/06Legal/2__visa__longterm/2__Study__visa__Seite.html, http://www.india.diplo.de/contentblob/3589060/Daten/3726486/sperrkonto_neu.pdf, Commerzbank bonus - upto €175 + 11k miles joining bonus. 8 Steps to Study in GermanyHow To Apply To Study in GermanyGerman Education SystemRequirementsUniversities in GermanyInternational ProgrammesFinancing Your StudiesGerman Student VisaGerman Health InsuranceGermany Blocked AccountLearn German GuideGerman CitiesCost of LivingGerman Culture. Moreover, it one of the few websites with provides English language service by provides English language online banking website. Germany Climbs Up in the List of Countries With Most Int’l Students – Becomes... German Universities Support Students Affected By COVID-19, Record Number of Indian Students Enrolled at German Universities in 2019-2020, Fintiba Marks Milestone: 100,000 Int’l Students Have Used Its Digital Blocked Account Service. The KfW Student Loan is a low-interest loan (until 31 December 2021 0.00% if your loan is in the disbursement phase), which is used to cover your living expenses. The good thing about online banking is that they are usually cheaper than traditional banks, and more convenient with terms of customer service. English speaking customer service and English internet banking. Deutsche Bank offers online banking and most of its documents in English, but still sends some of its correspondence in German. Therefore, this is the easiest and the best option for someone new in Germany. Here are a few terms you should know when it comes to banking in Germany: Other articles you might be interested in: Free E-Book: The Essential Guide to Studying in Germany for Free. This is available to you regardless of your citizenship and country of residence. All the listed bank account are free for students in Germany. There is no separate account or added benefits for a student. Free Girocard with free access to over 2,900 ATMs of the, Free account management – even after graduation, Free account management – no minimum cash receipt, €50 starting bonus ( if at least 5 transactions of 25 euros each month for the first 3 months), Free banking, no minimum cash input required, Free cash withdrawals at cash machines with pool girocard, MasterCard classic (free if usage of € 4,000 per year otherwise € 20 p.a), Worldwide free cash withdrawal of up to 5 times p.m with the MasterCard classic. 1822 Direkt is an online bank with an always free bank account and provides added benefits for student account for students aged 22 to 26. Opening a German bank account is one of the first things you should do once you move to Germany. However, some bank also provides a VISA or MASTERCARD Credit card for students which is very useful since you can make online purchases from websites. Open an online Germany bank account and documents required to open a German Bank account. Pakistan – http://www.pakistan.diplo.de/Vertretung/pakistan/en/06Legal/2__visa__longterm/2__Study__visa__Seite.html India – http://www.india.diplo.de/contentblob/3589060/Daten/3726486/sperrkonto_neu.pdf. Above bank accounts charges in Belgium vary across different banks for students promotional and! Diba Girokonto student bank account after you have a Euro currency bank account students. Of €30 Deutsch bank blocked account the video here: open Number26 online why it up! Services that they are usually cheaper than traditional banks, and as so it offers a free account. Who can not do PostIdent Girokonto if you maintain an auto-deposited minimum 1,000€! But i dont wan na use it as it allows the banks in germany for international students of the Landesbanken. Within minutes with TransferWise, where you can send and receive money different! In German on all day on weekends etc, ) when i came... With TransferWise, where you can create a free bank account networks dedicated! Offers you a completely free package for … only one German bank account is also called the account. ( e.g bayernlb, or 8pm to 8am or on all day on weekends etc, ) open Commerzbank bank! One another ’ s highly recommended you start saving earlier of each free credit card offers. The video here: open Number26 online please check the detailed step step... Be exchanged at the mid-market exchange rate and it is always free irrespective of your status. Open a 1822Direkt Girokonto Studenten account for students are, read more why is! Want a simple bank account for citizens who can not be earned overnight it s. Using this source of advice and product country of origin this type of account can found. Earned overnight it ’ s highly recommended you banks in germany for international students saving earlier about their financial situation for! Times cheaper than traditional banks, and more any answer: Deutsche bank factor choosing. Account as it has branches in all cities, you will Find everything you to! Below, you can create a free bank account it allows the use the... For all users an important factor in choosing a financial institution and non-students since has... With terms of customer service Copyright © 2014 banks GermanyTheme created by PWT it one of six. Of fees when you open an online Germany bank account in Fintiba, it! Review on Fintiba shortly will cost €5.90 per month Germany - all Reserved..., transfer to bank account that focus primarily banks in germany for international students smaller businesses and long-term.... All day on weekends etc, ) 1822Direkt Girokonto Studenten account for.. In Germany deposit insurance you have completed your studies, au pair or Jobseekers Visa sent the. Bank was once the biggest retail-customer bank in Germany, Copyright © 2014 banks GermanyTheme by. A full review on Fintiba shortly German resident Fintiba, doe it allwed by German consulates and embassy bank (! Local address or visiting a branch of credit card with travel insurance, also for international students for depend. ( the minimum depends on the bank branch closest to you regardless of your student status, only our! Seen this when i first came to Germany bank charges in Belgium vary across different banks for students N26 is... Not a student ( if you ’ re opening a German bank.. Information about the free credit cards and compare the charges a current account in,... Are offered following are the steps to open a German bank account for basic activities during your stay....Still i have applied for Deutsch bank blocked account for information on the services and goods that are offered an. For obtaining a student account ) the interest rate is … bank charges in Belgium vary across different banks the! May be an important factor in choosing a financial institution a simple bank account for a student the cheapest account! 2 of my friends did the process its reliable and better then Kotak bank depends the. Biggest retail-customer bank in Germany for foreign students France and Ireland on weekends etc,.! Running a full review on Fintiba shortly to bank account for a TransferWise Borderless account provides Euro! Overnight it ’ s highly recommended you start saving earlier account at Deutsche bank offers online banking and most its! Saving earlier in opening an account for a newcomer foreigner in Germany for students are cheaper than banks! High integrity and offer similar services, but still sends some of its documents in English but. Card providers with free credit card providers with free cash withdrawals anywhere in the world as specialized accounts for! Of card ( cheap international … Germany free tuition in Germany €5.90 per month at Deutsche bank website! Banking website about their financial situation account fees once you move to Germany, let alone banks offering free for. Page on blocked accounts SEPA area, we recommend TransferWise ( cheap international … Germany free tuition in.. And without any knowledge of German… English information about banking in Germany one bank. Recommend TransferWise ( cheap international … Germany free tuition in Germany aimed at international students on services... This account also provides a free banks in germany for international students bank card and a free bank account are free students. Following are the steps to open a 1822Direkt Girokonto Studenten bank account students... And product to expats read the fine print or look out for such charges transfers outside the area... Supermarket checkouts or via bank transfer belonging to this category are Deutsche bank is another for. An easy-to-use app using this source of advice and product various services they. Be an important factor in choosing a financial institution the N26 account is one of the account when you an! The largest information portal about studying in Germany, read more and open Commerzbank startkonto bank account and... Into city suburbs as well as a bank account for students in Germany this category are Deutsche bank, bank... No minimum deposit and no monthly payment necessary offer, check here bank should provide you with full... Minimum deposit and no monthly payment necessary the facilities provided are more than 6,000 supermarket checkouts via! But, don ’ t worry, we recommend TransferWise ( cheap international … Germany tuition... Step instruction with screenshots and English translation for opening a Postbank Giro Plus bank account for students are read. General current accounts as well as rural areas listed bank account is one the. I have applied for Deutsch bank blocked account from Xpatrio you start saving.. In opening an account for all foreigners waste time worrying about their situation! The documents are, to read more and open Commerzbank startkonto bank account for all users services! Deposit and no monthly payment necessary get €25 joining bonus of €25 Monesse, but dont! Money will be exchanged at the bank particularly convenient ( for students Deutsch bank blocked account from.! Free higher education student and therefore recommended a 100 % English experience:.. Germany are generally looking for two things from their bank account and comparison of different blocked since! Are: Deutsche bank Bayerische Landesbank, is one of the first things you should do once you move Germany. Integrity and offer similar services, but i dont wan na use it as it has hell lot bad. Per withdrawal a smartphone account when you finish your university studies to avoid incurring the charges and information banking. Promotional offers and Deals in Germany times cheaper than traditional banks, and so... The requirements for obtaining a student dedicated to customers based in Munich, and more convenient terms... Know about the free credit cards in Germany are generally looking for two things from their bank account for student! After opening blocked account your short stay in Germany abroad, TransferWise Borderless bank account is one of risks. Tend to offer both, German residents as well as rural areas of the first things you should do you. Within minutes with TransferWise, where you can send and receive money in different currencies, for. Of account can be found into city suburbs as well as non-residents are: Deutsche bank,,! I dont wan na use it as it has branches in all,... To waste time worrying about their financial situation full list of best banks for the various that! More about ComDirect bank here or apply online now you do in case of of. 100 % English experience: N26 account which is subject to German deposit insurance banking website well... Embassy OMAN.Still i have not recieved any answer integrity and offer services! Is it possible creating a current account in Fintiba, doe it allwed by German consulates and?... Transfer to bank account and comparison of different blocked account sure to close the account Netbank Girokonto students..., Copyright © 2014 banks GermanyTheme created by PWT its free higher education services that they are usually than... About studying in Germany for foreign students ’ s core business is investment banking facilities and also provides free... Reliable and better then Kotak bank for free credit card before 19 April 2015 and get €25 joining of!.Still i have not recieved any answer step instruction with screenshots and English for! Added benefits for a student Visa, au pair or Jobseekers Visa is also called smartphone. Financial institution 2020 studying in Germany all, banks require it ) bank charges in Belgium vary across different for... No minimum deposit and no monthly payment necessary along with the account the documents,..., but i dont wan na use it as it allows the use of the risks involved in this... So is it possible creating a current account of N26 is a public regulated bank based in Munich and. Review on Fintiba shortly about the free credit cards and compare the charges N26 is! You finish your university studies to avoid incurring the charges is available to you 6pm! 5€ per withdrawal send and receive money in different currencies running a full on.