Compare German bank accounts in English - MyHelpBuddy


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German bank account

As an Expat, it is essential to open a German bank account in order to study or work in Germany. International students usually need a blocked account and can also open an additional German bank account from one of the providers below. If you are a working professional, or if you would require any additional bank account, you can choose one of the providers below.

German banking terms explained

Account maintenance fee

Yearly costs associated with maintaining the bank account

GIRO CARD

Girocard is a debit card service and an inter bank network which connects all German ATMs and Banks virtually

WORLDWIDE USAGE FEE

The commission fee for using the ATM service in any part of the world

IBAN

International Bank Account Number

BLZ

Bank code number

TAN

Transaction Identification Number 


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German terms to know in banking

Formular - Form

Konto - Account

Geldautomat - ATM

Unterschrift - Signature

Zinsen - Interest

Kredit - Loan

Kasse - Cash counter

Zahlungsart - Payment method

German terms to know in banking

Konto - Account

Geldautomat - ATM​

Formular - Form​

Unterschrift - Signature​

Zinsen - Interest

Kredit - Loan

Kasse - Cash counter

Zahlungsart - Payment method​


Start bonus

Account maintenance fee

ATM Card fee

Credit Card fee

Online Banking

Credit Card type

Cash withdrawal

Cash withdrawal from Credit card

Disposable interest

Account access

Credit interest

Overdraft interest

75€

none (0- EUR until the completion of the 27th year of life or with monthly receipt of money without minimum amount, otherwise monthly 3,90 EUR)

none

1st year free when opening a current account, from the 2nd year 0 € from 4,000 € turnover per year or owner younger than 27, otherwise 29.90 € per year


iTAN, Mobile TAN, pushTAN, QR-TAN

Cash withdrawals with the Girocard at Sparkassen-Verbund ATMs free of charge. 

In Germany: 2.00% of total at least EUR 5.11 In the EEA countries in Euro currency (excluding Germany): free. In the EEA states in foreign currency and outside the EEA: 1.75% of total.

7.17% yearly

Online, Telephone

0.00% yearly The 1822direkt call money account offers a variable interest rate of currently 0.001 % p.a. up to € 20,000. From exceeding a credit amount of 500,000 €, penalty interest is currently 0.5%.

7.17% yearly 

25€

none

none

none

App

Withdraw cash free of charge – worldwide

free of charge with your girocard at ATMs of Commerzbank, Deutsche Bank, HypoVereinsbank and Postbank as well as at Shell petrol stations and trading partners (e.g. Rewe, Penny and Aldi Süd)


6.5% yearly

Online

none

none

none

none

ChipTAN, PushTAN

V

With credit card you can withdraw worldwide free of charge (you will receive it with your new current account). All customers without a monthly receipt of at least 700 € can withdraw money free of charge at all VISA ATMs throughout Europe, Romania and Sweden.

free of charge worldwide at ATMs with visa sign (in the second year only free of charge with a monthly cash receipt of at least 700 €). Minimum amount per withdrawal is 50 €. Maximum amount per day is 1.000 €.

Disposition interest is incurred if the current account is overdrawn. The DKB current account offers a variable debit interest rate of currently 6.74% p.a.

Online, Telephone

“0.01% yearly The DKB current account offers a variable interest rate of currently 0.01% p.a. (the 0.01% interest p.a. is also available on the corresponding credit card)”

6.74% yearly

DKB



Start bonus

Account maintenance fee

ATM Card fee

Credit Card fee

Online Banking

Credit Card type

Cash withdrawal

Cash withdrawal from Credit card

Disposable interest

Account access

Overdraft interest

netbank

none

4.85€/Month

none

Netbank offers Mastercard Debit to the current account for 0€ with income receipt from 400 € and for 10 € p.a. without income receipt

iTAN, Mobile TAN

Mastercard Debit

Cash withdrawals with Mastercard Debit worldwide free of charge (1x per month) at all savings banks and ATMs with MasterCard symbol. For each further withdrawal costs of € 3.00 are incurred.

Cash withdrawals with Mastercard Debit worldwide free of charge (1x per month) at all savings banks and ATMs with MasterCard symbol. For each further withdrawal costs of € 3.00 are incurred.

8% yearly

Online, Telephone

11% yearly 

fidor

none

Fidor Smart Current Account costs 5,00 € per month. If you conduct more than 10 transactions per month, your Fidor Smart Current Account will receive our Activity Bonus and end up free of charge. 

none

none

App

Withdraw cash using Fidor Cash at over 12,000 retail partner


8.5% yearly

Online, Mobile

insha

none

none

none

none

App

Mastercard

First 3 withdrawals in Germany – 0 € After 3 withdrawal at an ATM in Germany per withdrawal – 2 €


App



Start bonus

Account maintenance fee

ATM Card fee

Credit Card fee

Online Banking

Credit Card type

Cash withdrawal

Cash withdrawal from Credit card

Disposable interest

Account access

Overdraft interest

netbank

none

4.85€/Month

none

Netbank offers Mastercard Debit to the current account for 0€ with income receipt from 400 € and for 10 € p.a. without income receipt

iTAN, Mobile TAN

Mastercard Debit

Cash withdrawals with Mastercard Debit worldwide free of charge (1x per month) at all savings banks and ATMs with MasterCard symbol. For each further withdrawal costs of € 3.00 are incurred.

Cash withdrawals with Mastercard Debit worldwide free of charge (1x per month) at all savings banks and ATMs with MasterCard symbol. For each further withdrawal costs of € 3.00 are incurred.

8% yearly

Online, Telephone

11% yearly 

fidor

none

Fidor Smart Current Account costs 5,00 € per month. If you conduct more than 10 transactions per month, your Fidor Smart Current Account will receive our Activity Bonus and end up free of charge. 

none

none

App

Withdraw cash using Fidor Cash at over 12,000 retail partner


8.5% yearly

Online, Mobile

insha

none

none

none

none

App

Mastercard

First 3 withdrawals in Germany – 0 € After 3 withdrawal at an ATM in Germany per withdrawal – 2 €


App

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