Guide for Newcomers to Germany

German Bank Account(Girokonto)

New to Germany? A bank account (Girokonto) is essential for receiving salary, paying rent, and setting up utilities. This guide explains how to open one, even without Anmeldung or Schufa.

Why You Need a German Bank Account

Most employers require a German IBAN for salary payments. Landlords, utility providers, and insurance companies also need your German bank details for SEPA direct debits (Lastschrift).

Free Accounts AvailableEnglish-Friendly OptionsNo Schufa Options

Key German Banking Terms You Should Know

Girokonto

Current/Checking Account

IBAN

Your Account Number

Lastschrift

Direct Debit

Schufa

Credit Score Agency

What Do You Need to Open a Bank Account?

Requirements vary by bank, but here is what most banks ask for

Always Required

Valid passport or EU ID card
German address (for card delivery)
Video or in-person identity verification

Sometimes Required

Anmeldung (registration certificate)
Residence permit (for non-EU citizens)
Proof of income or employment contract

Tip for Newcomers: No Anmeldung Yet?

Some online banks like N26, Vivid Money, and bunq allow you to open an account before you have your Anmeldung. They only require a German address for card delivery. This is helpful when you have just arrived and need a bank account urgently.

Step-by-Step: Opening Your First German Bank Account

Follow these steps to get your Girokonto set up

Choose a Bank

Compare banks based on your needs: Do you want English support? Free account? Credit card included? Use our comparison tool to find the best match.

Apply Online or In Branch

Most banks offer online applications. Fill in your personal details, address, and employment information. The form takes about 10-15 minutes.

Verify Your Identity

Choose VideoIdent (video call with your passport) or PostIdent (at a post office). VideoIdent is faster and can be done from home. Make sure you have good lighting and a stable internet connection.

Receive Your IBAN and Cards

After verification, you will receive your IBAN immediately (online). Your debit card (Girocard/EC-Karte) and PIN arrive separately by mail within 5-10 business days.

Set Up Online Banking

Download the bank is app and set up online banking. You will need this for transfers, direct debits, and managing your account. Most banks use 2-factor authentication via app or SMS.

Time-Saving Tip

Once you have your IBAN, share it with your employer immediately. Salary transfers can take 1-2 pay cycles to update. Also set up direct debits for rent and utilities early to avoid late payment fees.

Types of Banks in Germany

Understanding the different bank types helps you choose the right one for your needs

Online Banks

N26, DKB, ING, Comdirect, bunq, Vivid

Often free accounts

English apps available

Quick online setup

Some work without Anmeldung

Best for: Newcomers, expats, digital-first users

Traditional Banks

Sparkasse, Volksbank, Commerzbank, Deutsche Bank

Physical branches

Cash deposit possible

Personal advisors

Usually monthly fees

Best for: Those needing cash deposits, in-person help

Neobanks

N26, Revolut, Wise, bunq

Multi-currency accounts

Great for international transfers

Modern app experience

Low foreign exchange fees

Best for: Frequent travelers, international transfers

50+

Banks Compared

0 EUR

Free Accounts Available

10+

English-Friendly Banks

5-10

Days for Card Delivery

Common Questions from Newcomers

Answers to frequently asked questions about German bank accounts

Can I open a bank account without Anmeldung?

Yes, some online banks like N26, bunq, and Vivid Money allow you to open an account before completing your Anmeldung. They only require a German address for card delivery. Traditional banks usually require the Anmeldung document.

Do I need a Schufa score to open an account?

For a basic account (Basiskonto), banks cannot reject you based on Schufa. Many online banks also offer accounts without Schufa check. However, for overdraft facilities or credit cards, a Schufa check is usually required. As a newcomer with no Schufa history, start with basic accounts.

Which banks offer English customer service?

N26, DKB, ING, Comdirect, bunq, and Revolut offer English apps and customer support. Commerzbank and Deutsche Bank also have English-speaking staff in major cities. Sparkasse and Volksbank are mainly German-only.

What is VideoIdent and how does it work?

VideoIdent is an online identity verification process. You make a video call with a verification agent who checks your passport or ID. You will need to show your document, tilt it to show security features, and confirm your personal details. It takes about 10-15 minutes. Make sure you have good lighting and a stable internet connection.

How long does it take to open an account?

Online banks: You can get your IBAN within hours after completing VideoIdent. Physical card arrives in 5-10 business days. Traditional banks: In-person appointment required, account usually active within 1-2 weeks.

Can I use my foreign bank account in Germany?

Technically yes, but it is not practical for daily life in Germany. Most employers require a German IBAN. Many utility companies only accept German bank details for direct debits. You may also face high fees for international transfers and ATM withdrawals.

Ready to Open Your German Bank Account?

Compare banks, find the right account for your needs, and start your application today. Many accounts can be opened entirely online.

Free comparison - No obligation - Data protection guaranteed

This website provides general information about banking in Germany and is not financial advice. Bank account terms and conditions vary by provider. Always read the bank is terms carefully before opening an account. All German banks are regulated by BaFin (Federal Financial Supervisory Authority) and deposits are protected up to EUR 100,000 per depositor.

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