Best Free Bank Account Germany 2024: 20 Accounts Compared

Last Update: 28 August 2024

1. Free German Bank Accounts for Individuals, Students, Business and Couples

Once you understand how to open a bank account in Germany, it is about finding the best German bank account for your style of life in Germany. We help you with the most comprehensive English overview for finding a current account (“Girokonto”). The good news: Our comparison shows options without monthly account fees, whoever you are, and whatever you need. There are international student accounts, joint accounts, checking accounts for individuals, business accounts, online bank accounts, and options with traditional banks. This list compares free bank accounts in Germany regarding complementary debit or credit cards, cash withdrawals, residence or job requirements, English customer support, sign-up bonuses, and more.

Commercial partners

Best Free Bank Accounts in Germany: 4 Ideas for Every Purpose

Digital Banking

Open Account for Free

Read review

C24 Bank Smart is easy to open, features a user-friendly smartphone app, and sub-accounts.

Student Account

Open Account for Free

Read review

Commerzbank StartKonto includes a legit credit card, and a discount portal.

Joint Account

Open Account for Free

Read review

Santander BestGiro has an opening bonus and complimentary credit cards.

Internationals

Open Account for Free

Read review

N26 Standard is accessible to most European residents and speaks 5 languages

2. Comparison of Free Current Accounts in Germany (“Girokonto”)

The following bank accounts are dedicated to private use, meaning your personal expenses and income as an employee, student, pensioner, or even unemployed person (credit checks may apply). It is indicated in the single account reviews whether an account can also be opened for exclusive personal use if you are a freelancer or self-employed person. However, in this case, you should get an additional business account for any business-related transactions, e.g., customer payments or settlement of supplier invoices. Otherwise, you risk that the bank will close your account because of infringing upon their conditions of use. The list is in alphabetic order, with our commercial partners on top.

Benefit

Drawback

Good to Know

1822direkt
Girokonto Klassik
by Sparkasse

Girocard: €6 yearly

Visa Credit Gold: 1 year free

Free withdrawals worldwide

1.75% fees outside Eurozone

Apple Pay / Google Pay

Joint account available

Optional savings account

For private use

German residence required

English mobile app

Online / ltd. branch service

Commercial partner

Open Account for Free

No monthly fee
(conditions apply)

€100 sign-up bonus

Review 1822direkt Current Account (Status: 02 June 2024)
Who is 1822direkt?

Savings Bank (Sparkasse) is Germany’s largest banking group based on the number of customers. Sparkasse is organized in regional entities with different offers and conditions. Frankfurt Sparkasse is the only one with a direct banking entity (1822direkt) that operates nationwide. Hence, you can also open an account in another German city or town. In contrast to most Savings Banks, 1822direkt offers a free account that even includes a very attractive sign-up bonus.

What is 1822direkt Girokonto Klassik?

1822direkt accounts are entirely online. 1822direkt Girokonto Klassik is a the basic account. The account is only free in case of minimum monthly incoming funds of 700 Euros. Otherwise, a monthly fee of 3.90 Euros is due. There is also an “1822MOBILE” account, which only requires incoming funds of 0.01 Euros per month to prevent a monthly fee of 1.90 Euros. However, there is no complimentary credit card in the first year, and the terms are slightly different (e.g., fewer bonuses and cash withdrawals). You can review detailed conditions on the bank’s website.

Which bank cards does the 1822direkt Girokonto Klassik include?

The account does not include a free physical card. A Girocard is available for 6 Euros per year.

A Visa Credit card is completely free during the first year. You can choose between a basic Classic Card or a premium Gold Card with an insurance package and additional traveling perks (e.g., upgrades and complimentary breakfast). As of the second year, the Classic Card costs 29.90 Euros, and the Gold Card costs 69.90 Euros. The Visa card has no restrictions for store payments, online shopping, hotel, or rental car bookings.

Can I withdraw cash for free with the 1822direkt Girokonto Klassik account?

Using the Girocard, six monthly free cash withdrawals are possible at all Sparkasse ATMs within Germany. Moreover, the Visa Card can be used for free cash withdrawals abroad (with 1.75% fees for foreign currency transactions outside the Eurozone). It is also possible to withdraw cash without a limit associated with retailers (i.e., REWE, Aldi-Süd, LIDL, dm).

How much does using my 1822direkt Girokonto Klassik bank card cost abroad?

There are no fees for using the Visa Card in the Eurozone. For transactions and withdrawals other than Euro, a fee of 1.75% is due.

Can I use my mobile phone to pay with 1822direkt?

1822direkt allows mobile payments on both Apple Pay and Google Pay.

Does the 1822direkt Girokonto Klassik include sub-accounts?

With your 1822direkt checking account, you will also receive a flexible Savings Account that you can use to store excess funds, earn interest, and access them in real-time.

Does 1822direkt offer joint accounts?

Yes, the 1822direkt Girokonto Klassik can also be opened as a joint account. The account will be registered under both names, and holders will have equal rights.

What languages does 1822direkt support?

Customer service and the website are in German. The mobile app is additionally available in English.

Can I open an account with 1822direkt Girokonto Klassik from abroad or without a residence?

You can only open an 1822direkt account with a German address and residence.

Can I use my 1822direkt Girokonto Klassik account as a freelancer or self-employed person?

You can only use the account for private but not business-related transactions. 1822direkt does not offer business accounts.

What other perks does the 1822direkt Girokonto Klassik include?

100 Euros opening bonus: As a new customer, your bonus will be paid out if your account is opened by 02 July 2024 and at least one incoming salary or pension transaction (at least €1000) is registered by 31 September 30. Please also check the detailed conditions on the bank’s website.

Cash deposits: Cash deposits are free at Sparkasse ATMs in the Frankfurt area.

Service portfolio: 1822direkt offers good conditions for loans and credits, investment accounts, and savings accounts.

C24 Bank
Smart

Free Visa Debit & Girocard

No credit cards

Free withdrawals worldwide

No fees outside Eurozone

Apple Pay / Google Pay

Free account sharing available

Optional savings & sub-accounts

For private use

German residence required

German interface / support only

Online service

Commercial partner

Open Account for Free

No monthly fee

Review C24 Current Account (Status: 30 January 2024)
Who is C24 Bank?

C24 Bank started 2020 as an online bank and is part of the Check24 Group, known and leading in Germany for its online price comparisons. C24 Bank has more than 100,000 customers in Germany. The bank was founded to provide customers with an exceptionally convenient and secure banking experience while providing features that help customers optimize their finances and save money.

What is C24 Smart?

C24 Smart is the standard free basic account. It is a bank account without monthly fees. There are also paid premium accounts with additional perks.

Which bank cards does the C24 Smart account include?

The C24 Smart account includes a complementary Mastercard Debit and Girocard. A credit card is not available; however, you can easily connect your C24 account with a free credit card from another bank.

Can I withdraw cash for free with the C24 Smart account?

The C24 Smart account includes four free monthly withdrawals at any ATM worldwide. You can also withdraw for free at a variety of retailers in Germany using the Girocard or the C24 app.

How much does it cost to use my C24 Smart bank card abroad?

There are no fees for using the Mastercard Debit abroad. The Girocard can only be used in Germany.

Can I use my mobile phone to pay with C24 Bank?

C24 Bank allows mobile payments on both Apple Pay and Google Pay.

Does the C24 Smart include sub-accounts?

You have up to four complimentary sub-accounts (“pockets”) that you can also share with another C24 Bank user. Moreover, there is a flexible savings “pocket” that generates interest.

Does C24 Bank offer joint accounts?

There are no joint accounts with C24 Bank. However, the Smart account allows you to grant another C24 Bank user access to your main account or one of your sub-accounts (“pockets”).

What languages does C24 Bank support?

C24 Bank is entirely in German across all channels.

Can I open an account with C24 Bank from abroad or without a residence?

You can only open an account with a residence in Germany.

Can I use my C24 Smart account as a freelancer or self-employed person?

C24 Bank does not offer business accounts. Nevertheless, you can use the account for your private transactions.

What other perks does the C24 Bank Smart include?

Cashback: For every card transaction, you can earn between 0.05 and 2.5% cashback related to the turnover (up to 100 Euros per month).

Sustainability: According to C24 Bank, it offsets 110% of all CO2 emissions generated by its business activities through climate protection projects.

comdirect
Girokonto Aktiv
by Commerzbank

Free Visa Debit, Girocard: €12/year

Credit cards as of ~€35/year

Free withdrawals worldwide

1.75% fees outside Eurozone

Apple Pay / Google Pay

Joint account available

Optional savings account

For private use

Worldwide residence possible

German interface / support only

Online / ltd. branch service

Commercial partner

Open Account for Free

No monthly fee
(conditions apply)

€50 sign-up bonus &
3.5% interest for 3 months

Review comdirect Current Account (Status: 10 April 2024)
Who is comdirect?

comdirect is one of Germany’s most popular online banks, with almost 3 million clients. It is a subsidiary of the well-established German retail bank Commerzbank. Hence, customers can benefit from Commerzbank’s expertise, financial stability, service portfolio, and even its branch network while profiting from the low fees of a direct bank.

What is the comdirect Girokonto Aktiv?

The comdirect Girokonto is free during the first six months after account opening and stays free afterward if you fulfill one of the following conditions:
(1) You are a pupil, apprentice, student, or intern younger than 28 years or
(2) You register monthly incoming funds of 700 Euros on your account or
(3) You perform three monthly payments by Apple Pay or Google Pay or
(4) You perform one monthly trade or savings plan execution on an investment account

If none of those conditions is fulfilled, a monthly fee of 4.90 Euros is charged. In addition to the free account, comdirect also offers premium accounts starting at 2.90 Euros per month with insurance packages and unlimited cash withdrawals.

Which bank cards does the comdirect Girokonto Aktiv include?

All accounts come with a free Visa Debit card. On request, comdirect issues an optional Girocard (1 Euro/month) for domestic cash withdrawals and store payments.
The premium accounts also include a full-fledged Visa Credit Card with a deferred payment that is also accepted for hotel or rental car bookings without restrictions. All Visa Debit and Credit Cards allow Google Pay and Apple Pay.

Can I withdraw cash for free with the comdirect Girokonto Aktiv account?

The Girokonto Aktiv allows three free cash withdrawals worldwide (a foreign currency transaction fee of 1.75% applies) by Visa Card. If you require more cash withdrawals, you should opt for a comdirect premium account. Alternatively, comdirect allows unlimited free domestic cash withdrawals within Germany (minimum withdrawal amount of 50 Euros) at Cashgroup ATMs (Commerzbank, Deutsche Bank, Postbank, HypoVereinsbank) when using the Girocard.

How much does using my comdirect Girokonto Aktiv bank card cost abroad?

There are no fees for using the Visa Card in the Eurozone. For transactions and withdrawals other than Euro, a fee of 1.75% is due.

Can I use my mobile phone to pay with comdirect?

comdirect permits mobile payments by Apple Pay and Google Pay.

Does the comdirect Girokonto Aktiv include sub-accounts?

With your comdirect Girokonto, you will also receive a flexible savings account (Tagesgeldkonto) for excess funds, which you can access in real-time and earn interest on.

Does comdirect offer joint accounts?

Yes, all comdirect current accounts can also be opened as joint accounts. The account will be registered under both names, both account owners receive free debit cards (Visa).

What languages does the comdirect Girokonto Aktiv support?

comdirect’s website, customer service, and mobile app exclusively work in German.

Can I open an account with comdirect from abroad or without a residence?

You may also open the account using a foreign address. However, online identification is only available with an ID/ passport from Germany, Austria, Switzerland, Liechtenstein, or Luxemburg. With other passports and the necessary documents from the website, you can also visit a notary abroad to get identified. Alternatively, you may identify at a post office (“PostIdent”) when you are in Germany.

Can I use my comdirect Girokonto Aktiv account as a freelancer or self-employed person?

Freelancers or self-employed persons can open an account for private purposes only. comdirect only offers business accounts through their parent company against a monthly fee.

What other perks does the comdirect Girokonto Aktiv include?

75 Euros opening bonus: The bonus is paid after of 5 transactions (transfers, direct debits, withdrawals, deposits) of at least €25 during the first three months. Consent for newsletter and phone promotions must be given during the account opening. It shall not be revoked until the bonus payout. Check the detailed requirements on the bank’s website.

3.5% interest on savings: For 3 months you get a promotional interest rate on your comdirect savings account, afterwards the flexible interest rate for existing customers applies

Cash deposits and Commerzbank ATMs: comdirect is an online bank with remote service only. However, it is one of the best banks regarding customer satisfaction as some services (e.g., cash deposits and card pin change at self-service terminals) are available at physical Commerzbank branches.

Service portfolio: comdirect offers other financial services such as loans and credits, broker accounts, and savings accounts.

More details: Read our detailed comdirect review

Commerzbank
Girokonto

Free Girocard, Visa Debit €42/year

Visa Credit: Free for students

Free withdrawals in Germany only

1.5% fees outside Eurozone

Apple Pay / Google Pay

Joint account available

Optional savings account

Not for freelancers/self-empl.oyed

German residence required

English online / mobile app

Branches / online service

Commercial partner

Open Account for Free

No monthly fee
(conditions apply)

€50 sign-up bonus

Review Commerzbank Current Account (Status: 08 March 2024)
Who is Commerzbank?

Commerzbank is one of Germany’s most established banks and the second-largest private financial institution. It is a retail bank with branches nationwide and one of the few of its kind with free bank accounts. Accounts can, of course, be managed online or via the smartphone application. You also receive an attractive sign-up bonus if you open an account online.

What is the Commerzbank Girokonto?

For students, apprentices, and interns younger than 28 years, the Commerzbank “StartKonto” is free and does not have strict conditions. For all others, the Commerzbank “Kostenloses Girokonto” is free if there are minimum monthly incoming funds of 700 Euros. Otherwise, a monthly fee of 9.90 Euros is due. However, in any case, no fees will be charged during the first month after opening.

Which bank cards does the Commerzbank Girokonto include?

The free account has a complimentary debit card (Girocard) with Maestro functionality for store payments and cash withdrawals. The Commerzbank student account “StartKonto” also includes a legit free Visa Credit Card. It can be used for store payments, online shopping, hotel or rental car bookings, and more.

If you are not a student, you can obtain a credit card or a Visa Debit Card for an additional fee or with one of the premium accounts. Please read our review to learn more about Commerzbank credit cards.

Can I withdraw cash for free with the Commerzbank Girokonto account?

You can use the Girocard for unlimited free withdrawals at Cashgroup ATMs in Germany (Commerzbank, Deutsche Bank, Postbank, HypoVereinsbank). Fees for cash withdrawals abroad are 1 to 1.95% of the withdrawal amount but at least 5.98 Euros. There is an additional fee of 1.5% for non-Euro transactions. Alternatively, the Commerzbank premium account also includes international withdrawals but comes with a monthly fee.

How much does using my Commerzbank Girokonto bank card cost abroad?

In the Eurozone, debit or credit card (Visa / MasterCard) use is free. Outside the Eurozone, the fee for non-Euro transactions is 1.5% of the transaction amount.

Can I use my mobile phone to pay with Commerzbank?

With Commerzbank, you also have the option to use Google and Apple Pay.

Does the Commerzbank Girokonto include sub-accounts?

After opening your Commerzbank Girokonto, you can also open a flexible savings account (Commerzbank Tagesgeldkonto). You can shift funds between the accounts in real time and earn interest.

Does Commerzbank offer joint accounts?

All current accounts can also be opened as Commerzbank joint accounts, registered under both names. Both account holders receive free banking cards issued with the chosen account type (Girocard for a free account). Unfortunately, joint account openings are not available online, and you will not receive a sign-up bonus. Hence, Commerzbank recommends opening a joint account with their digital branch, “comdirect.”

What languages does the Commerzbank Girokonto support?

The online banking and smartphone app are available in German and English. In the branch, the English skills of the individual clerk may vary. Unfortunately, the account opening site is only featured in German. However, we recommend opening the account online to receive the sign-up bonus.

Can I open an account with Commerzbank from abroad or without a residence?

You may only use a German address to open the account.

Can I use my Commerzbank Girokonto account as a freelancer or self-employed person?

Freelancers or self-employed persons must apply for a business account with minimum fees of €12.90/ month.

What other perks does the Commerzbank Girokonto include?

50 Euros opening bonus: The bonus is paid out after three consecutive months of active use, consent for newsletter and phone promotion during the first three months, and if no account has existed for two years. Please recheck the detailed conditions on the bank’s website.

Cashback and discounts: The Commerzbank student account “StartKonto” provides access to an online portal with cashback and discount promotions.

Physical branches: Thanks to Commerzbank’s branches, you can also visit a personal clerk for advice or support. About 1,000 branches nationwide are available, besides additional online or phone support and banking options.

Service portfolio: As a retail bank, Commerzbank offers a complete range of services, i.e., savings accounts, broker accounts, mortgages, and credits.

More details: Read our detailed Commerzbank review

Online account opening in English: Follow our step-by-step process

Consorsbank
Essential
by BNP Paribas

Free Visa Debit & Girocard

Visa Credit Gold: €108/year

Free withdrawals worldwide

2.1% fees outside Eurozone

Apple Pay / Google Pay

Joint account available

Optional savings account

For private use

Worldwide residence possible

German interface/ support only

Online service

Commercial partner

Open Account for Free

No monthly fee
(conditions apply)

Review Consorsbank Current Account (Status: 08 March 2024)
Who is Consorsbank?

Consorsbank is part of France’s and also the EU’s largest retail bank BNP Paribas. Consorsbank operates as an independent entity with a German banking license. Hence, customers receive a German bank account number (IBAN), and all funds are protected under the German deposit insurance scheme. Unlike BNP Paribas in France, Consorsbank in Germany has no branches but only features online banking services.

What is Consorsbank Essential?

The Consorsbank Essential account is free for holders under 29 years of age or in case of minimum monthly incoming funds of 700 Euros. Otherwise, there is a fee of 4 Euros per month.

Which bank cards does Consorsbank Essential include?

The account comes with a free Visa Debit Card suitable for store payments or online shopping. A Girocard for cash withdrawals or payments at German stores is also provided on demand without additional cost.

As debit cards are usually not accepted as a guarantee for hotel bookings or car rentals, Consorsbank additionally offers a Gold Credit Card. It includes a complementary insurance package and no fees for transactions in foreign currencies. However, it is only available with the “Consorsbank Unlimited” account, which has a monthly cost of 9 Euros.

Can I withdraw cash for free with the Consorsbank Essential account?

The account allows unlimited free cash withdrawals by Visa card at any ATM worldwide with a minimum withdrawal of 50 Euros. A 2.1% foreign currency transaction fee applies to non-Euro withdrawals and payments. Free withdrawals by Girocard are possible at associated retailers (i.e., REWE, Aldi Süd, Penny).

How much does using my Consorsbank Essential bank card cost abroad?

In the Eurozone, payments by Visa Debit card are free. Outside the Eurozone, the fee for non-Euro transactions is 2.1%.

Can I use my mobile phone to pay with Consorsbank Essential?

Consorsbank supports mobile payments with Apple and Google Pay.

Does the Consorsbank Essential include sub-accounts?

You can also open a flexible savings account (Tagesgeldkonto) with Consorsbank. This account allows you to shift funds between accounts and earn interest.

Does Consorsbank offer joint accounts?

Joint accounts are available. Both owners receive free Visa cards and Girocards.

What languages does the Consorsbank Essential support?

The website, smartphone application, and customer service are exclusively in German.

Can I open an account with Consorsbank from abroad or without a residence?

Accounts at Consorsbank can be opened with a worldwide residence. However, online identification is only possible with a German ID or passport. Other nationalities must be present in Germany to identify themselves at a post office.

Can I use my Consorsbank Essential account as a freelancer or self-employed person?

Accounts are only allowed for private use. For business-related transactions, freelancers or self-employed persons require a business account. Consorsbank does not offer business accounts.

What other perks does Consorsbank Essential include?

Service portfolio: Consorsbank offers very attractive conditions for savings accounts, broker accounts with free ETF savings plans, loans, and credits.

DKB
Girokonto

Free Visa Debit, Girocard €12/year

Visa Credit: ~€30/year

Free withdrawals worldwide

No fees outside Eurozone (cond.)

Apple Pay / Google Pay

Joint account available

Optional savings account

For private use

Worldwide residence possible

German interface / support only

Online service

Commercial partner

Open Account for Free

No monthly fee
(conditions apply)

Review DKB Current Account (Status: 08 March 2024)
Who is DKB?

DKB is probably the most established online bank in Germany. It is backed by the State Bank of Bavaria and offers one of the most popular and best German current accounts. DKB is a pure online bank. You can manage your accounts online or via the smartphone application.

What is the DKB Girokonto?

The account is free for the first three months after opening; thereafter, you must have a minimum monthly incoming amount of 700 Euros to keep it free. Otherwise, a base fee of 4.50 Euros will be charged each consecutive month.

Which bank cards does the DKB Girokonto include?

The account comes with a Visa Debit Card suitable for store payments or online shopping. If you make hotel or rental car bookings, providers may ask you for a credit card. A DKB Credit Card by Visa is available for a monthly fee of €2.49 Euros. A Girocard can be requested for 0.99 Euros per month and is helpful at German stores that do not accept Visa.

Can I withdraw cash for free with the DKB Girokonto account?

Within the Eurozone, DKB allows free cash withdrawals at ATMs using the free Visa Debit Card with a minimum withdrawal of 50 Euros. You can also withdraw between €50 and €300 at associated retailers (i.e., REWE, Rossmann, Penny, Real, dm).

The same applies abroad: You can perform free ATM withdrawals with a minimum withdrawal amount of 50 Euros. If you are a so-called “non-active user”—meaning your incoming transfers to the account are inferior to 700 Euros—an additional fee of 2.2% is applicable for currencies other than Euro.

How much does using my DKB Girokonto bank card cost abroad?

It is free as an “active user,” meaning during the three months after the account opening and afterward if you receive transfers of at least 700 Euros per month to your account. If you do not fulfill this requirement, there are still no fees within the Eurozone, but non-Euro transactions are subject to a fee of 2.2% of the turnover.

Can I use my mobile phone to pay with the DKB Girokonto?

DKB supports Apple Pay as well as Google Pay.

Does the DKB Girokonto include sub-accounts?

DKB offers a flexible savings account (Tagesgeldkonto) to shift funds and earn interest.

Does DKB offer joint accounts?

Yes, both account owners receive free debit cards if the DKB Girokonto is opened as a joint account.

What languages does the DKB Girokonto support?

Unfortunately, customer service and the entire interface (web and online) are exclusively provided in German.

Can I open an account with DKB from abroad or without a residence?

If you are a non-resident of Germany, you can also open a current account using a Foreign address. Citizens of other countries require an official address in Germany, Austria, or Switzerland.

For people with German nationality, accounts can be opened with all countries of residence (except sanctioned countries like Iran or North Korea); people with other nationalities can only open an account with an official residence in Germany, Austria, or Switzerland.

In the past, expats frequently complained about rigid credit checks and rejections even though they had German residences. However, conditions have changed since the introduction of DKB’s new account model, which includes a Visa Debit Card instead of a credit card by default. If you still get rejected because you do not have any credit history, you may choose another bank and apply again after spending some months in the country.

Can I use my DKB Girokonto account as a freelancer or self-employed person?

DKB offers separate business accounts for freelancers at 15 Euros per month. The DKB Girokonto can only be used in a private context.

What other perks does the DKB Girokonto include?

Reduced overdraft and emergency service: As an “active customer” (incoming funds of 700 Euros/month), you can request an emergency card and emergency cash in case of theft or robbery abroad. Moreover, you enjoy reduced overdraft fees.

Cash deposits: At associated retailers you can also conduct deposits of up to €999,99 per day with a 1.5% fee. For higher amounts, DKB provides ATMs in four German cities.

Service portfolio: DKB offers other services, such as savings accounts, broker accounts with ETF savings plans, loans, and credits.

More details: Read our detailed DKB review

ING
Girokonto

Free Visa Debit, Girocard~€12/year

No credit cards

Free withdrawals worldwide

1.99% fees outside Eurozone

Apple Pay / Google Pay

Joint account available

Optional savings account

For private use

German residence required

German interface / support only

Online service

Commercial partner

Open Account for Free

No monthly fee
(conditions apply)

€150 sign-up bonus

Review ING Current Account (Status: 08 March 2024)
Who is ING?

ING is the largest Dutch retail bank and is considered one of Europe’s most reputable and best banks. In Germany, ING is an online bank featuring exclusively direct banking services and no branches. It operates under a German banking license with German account numbers (IBAN) and deposit insurance.

What is the ING Girokonto?

The ING Girokonto is a current account. It is always free during the first three months after account opening. It stays free afterward if the account holder is under 28 years of age or the account registers a minimum monthly income (salary, wages, pensions) of 700 Euros or more. Otherwise, ING levies a monthly fee of 4.90 Euros.

Which bank cards does the ING Girokonto include?

The ING bank account has a Visa Debit Card for store payments, online shopping, and withdrawals. There is also a Girocard for use within Germany; it costs 0.99 Euros per month.

Unfortunately, ING does not provide credit cards with deferred payment. Hence, if you perform a lot of hotel or rental car reservations, you can add an additional free credit card from another operator to your ING account.

Can I withdraw cash for free with the ING Girokonto account?

ING allows unlimited free cash withdrawals by Visa Debit Card at any ATM worldwide with a withdrawal amount of 50 Euros. A foreign currency transaction fee of 1.99% is applicable for non-Euro withdrawals.

ING also has a network of 1,200 ATMs in Germany. Free withdrawals by Girocard are possible there and at associated retailers (i.e., dm, Netto, REWE, Aldi, Penny).

How much does using my ING Girokonto bank card cost abroad?

You can use the ING Visa Debit Card abroad. If you make transactions in a currency other than Euros, there is a fee of 1.99%; otherwise, it is free.

Can I use my mobile phone to pay with the ING Girokonto?

ING supports mobile payments by Google Pay and Apple Pay.

Does the ING Girokonto include sub-accounts?

You can open a flexible savings account (Tagesgeldkonto) with ING to save excess funds and earn interest.

Does ING offer joint accounts?

ING joint accounts are available. The account can be opened under two names if both owners live and are registered under the same address. Both account holders receive free Visa Cards.

What languages does the ING Girokonto support?

ING’s web interface, smartphone application, and customer service are only available in German.

Can I open an account with ING from abroad or without a residence?

Even though it is an international institution, ING customers must have German residences.

Can I use my ING Girokonto account as a freelancer or self-employed person?

Generally, ING bank accounts shall only serve private purposes. There are no dedicated business accounts. Exclusively, freelancers can open an account for private purposes if they are “Freiberufler” (e.g., artist, doctor, journalist, lawyer, translator, teacher) but not “Gewerbetreibender” (e.g., merchant, messenger, business)

What other perks does the ING Girokonto include?

100 Euros opening bonus: The bonus is paid out if the account is opened by 31 August 2024 and you perform five payments at retailers or online using Visa Card or phone within the first four months after account opening. Please recheck the detailed conditions on the bank’s website.

Cash deposits: Free deposits with Girocard are possible at ING ATMs with a deposit functionality. Moreover, deposits are possible at associated retailers (e.g., dm, Netto, REWE, Aldi, Penny) for a fee of 1.5%.

Service portfolio: ING offers savings accounts, broker accounts, insurance, and credits.

N26
Standard

Visa Debit: €10 one-time fee

No credit cards

Free withdrawals worldwide

1.7% fees outside Eurozone

Apple Pay / Google Pay

Joint account available

Free savings sub-account

Private and business use

European residence required

Multilingual interface / support

Online service

Commercial partner

Open Account for Free

No monthly fee

Review N26 Current Account (Status: 21 March 2024)
Who is N26?

N26 is probably the first option and best bank account for newbies or expats in Germany. N26 is the largest and one of the first neobanks in the European Union. Its purpose is to make banking easy and accessible from anywhere in the world. They are famous for making account opening quick and easy, including for new expats with limited credit history.

What is the N26 Standard?

N26 Standard is the free account among the four available current accounts. It comes without any monthly fees, and there are no conditions in terms of required transactions or income. There is a version for private individuals and a business option.

Which bank cards does N26 Standard include?

The account comes with a Virtual MasterCard Debit for store payments or online shopping. A physical card can be issued against a one-time fee of 10 Euros. Alternatively, it is included in their premium accounts.

N26 does not provide banking cards with Girocard functionality. Unfortunately, there are no real credit cards either. Hence, if you require features like deferred payment and guarantees for hotels or rental cars, you shall connect your N26 account with a free credit card from another provider.

Can I withdraw cash for free with the N26 Standard account?

Yes, you can withdraw cash for free. The conditions are similar but vary slightly according to your country of residence. With a German residence, you have three complimentary monthly cash withdrawals at ATMs and unlimited withdrawals at associated retail partners. You enjoy unlimited free cash withdrawals abroad. Outside the Eurozone, a currency conversion fee of 1.7% is due.

How much does using my N26 Standard bank card cost abroad?

Using your N26 Mastercard abroad is free overall. However, the Standard account charges 1.7% for non-Euro transactions. This fee is omitted in some N26 premium accounts.

Can I use my mobile phone to pay with the N26 Standard?

N26 supports Apple Pay as well as Google Pay.

Does N26 Standard include sub-accounts?

A flexible savings account (Tagesgeldkonto) exists to shift money and earn interest. Moreover, N26 offers so-called “spaces,” up to 10 sub-accounts to organize your funds. However, this functionality is not included in the free N26 Standard.

Does N26 offer joint accounts?

Yes, N26 now offers joint accounts with both owners, who receive complete legal access to the funds. The account has a separate IBAN and is registered under both names. First, you have to open an individual account. Then, you can invite one of your contacts to open a joint account. Opening an additional joint account is free of charge.
Moreover, N26 offers “spaces”, sub-accounts, that can be shared with other N26 users. However, in this case only one person is the legal owner with admin rights to the account. Spaces are also a premium functionality and not available in the free account.

What languages does N26 Standard support?

N26 offers the most comprehensive multi-language interface and support. The website, mobile app, and customer support are available in English, French, German, Italian, and Spanish.

Can I open an account with N26 from abroad or without a residence?

N26 allows online account openings from Germany and abroad. You must reside in an EU / EFTA country: Germany, Austria, Ireland, France, Spain, Italy, the Netherlands, Belgium, Portugal, Finland, Luxembourg, Slovenia, Estonia, Greece, Slovakia, Poland, Sweden, Denmark, Norway, Liechtenstein, or Iceland.

Can I use my N26 Standard account as a freelancer or self-employed person?

Yes, you can. N26 even offers more attractive conditions for freelancers and self-employed people users. The N26 Business option is free and includes an additional 0.1% cashback per Euro spent.

What other perks does N26 Standard include?

Cash deposits: CASH26 allows you to deposit cash at cooperating retailers against a fee of 1.5%.

Digital services: The smartphone application is probably the most advanced on the market. It lets you do transfers, follow transactions, or block the card. Users receive automatic push notifications after incoming payments and anytime when their card is used. The balance is updated in real time.

Service portfolio: N26 cooperates with Wise to make international transfers. Customers can also trade cryptocurrencies, get insurance, and inquire about credits.

More details: Read our detailed N26 bank review

Santander
BestGiro + BestCard Basic

Free Visa Debit, Girocard: €12/year

Free Visa Credit

Free withdrawals worldwide

1-1.5% fees outside Eurozone

Apple Pay / Google Pay

Joint account available

Optional savings account

For private use

German residence required

English mobile app

Branches / online service

Commercial partner

Open Account for Free

No monthly fee

€75 sign-up bonus

Review Santander Current Account (Status: 22 April March 2024)
Who is Santander?

Santander is Spain’s largest retail bank and a global player. In Germany, Santander offers direct banking services and branches. At these branches, customers enjoy personalized service. Santander operates under an independent German banking license. All German regulations and deposit insurance apply.

What is Santander BestGiro?

Santander BestGiro is a free account offered by Santander Germany. It can be opened for “regular” individuals or students. There are no monthly fees nor required transactions or income conditions to keep the account free.

Which bank cards does Santander BestGiro include?

The account has a Visa Debit Card for store payments, online shopping, and cash withdrawals. A Girocard for exclusive use in Germany can be issued for 12 Euros upon request.

Suppose you require a credit card for deferred payment, hotel bookings, or car rentals. In that case, you can choose between about different options. The Santander BestCard Basic is the most straightforward option and has no monthly cost. It can even be requested individually and connected to any other German bank account.

Can I withdraw cash for free with the Santander BestGiro account?

Within Germany, unlimited free cash withdrawals are possible using the Visa Debit or Girocard at any CashPool ATM (e.g., Santander, Sparda-Bank, Wüstenrot, TARGOBANK, BB-Bank). You can also withdraw cash at associated retailers (e.g., ALDI Süd, dm, Netto, Rossmann).

Using the Santander BestCard Basic Credit Card, you can make four monthly ATM withdrawals in Germany or abroad at no cost. There is only a 1.5% foreign currency transaction fee for countries outside the Eurozone.

How much does using my Santander BestGiro bank card cost abroad?

Electronic payments by Visa Debit Card and Visa Credit Card in the Eurozone are free. Outside the Eurozone, there are currency conversion fees:

Visa Debit Card: 1% (at least 1 Euro)

BestCard Basic Credit Card: 1.5%

Can I use my mobile phone to pay with the Santander BestGiro?

Santander supports mobile payments on iPhones with Apple Pay. Furthermore, Google Pay has been available since April 2024.

Does Santander BestGiro include sub-accounts?

A flexible savings account (Tagesgeldkonto) exists to save money and earn interest.

Does Santander BestGiro offer joint accounts?

Joint accounts are available, and both owners receive free banking cards.

What languages does Santander BestGiro support?

The web interface and customer service are only available in German. The smartphone application can only be used in English. When visiting a branch, foreign-language skills may depend on the individual clerk.

Can I open an account with Santander from abroad or without a residence?

Even though it is an international bank, Santander customers must have German residences.

Can I use my Santander BestGiro account as a freelancer or self-employed person?

Accounts can only be opened for private purposes. Hence, the Santander account shall not be used for transactions with business partners.

What other perks does Santander BestGiro include?

150 Euros sign-up bonus: The bonus is paid three months after account opening. You must inform at least four payment partners (e.g., salary, pension, direct debits for electricity/ rent/ phone/etc.) via Santander’s automatic account changing service. You shall not have had any other account with Santander for 12 months.

Branches: You can visit a branch for personal service. However, the network of German branches is limited to under 200 (Sparkasse has approximately 11,000). If physical presence is essential to you, check if a branch is close to you before opening the account.

Cash deposits: Cash deposits at Santander branches are free.

Service portfolio: Santander offers various services, from savings accounts to insurance, loans, and trading.

TARGOBANK
Online-Konto + Classic Karte
by Crédit Mutuel

Free Visa Debit

Free Visa Credit

Free withdrawals in Germany only

3.85% fees outside Eurozone

Apple Pay / Android app

Joint account available

Optional savings account

For private use

German residence required

English online / mobile app

Branches / online service

Commercial partner

Open Account for Free

No monthly fee
(conditions apply)

Review TARGOBANK Current Account (Status: 08 March 2024)
Who is TARGOBANK?

TARGOBANK is the former German subsidiary of American Citibank. It has been part of Crédit Mutuel, a cooperative and France’s fifth-largest bank, since 2008. TARGOBANK is registered in Germany, so accounts have a German IBAN (bank account number), and all savings are protected under the German (not French) deposit guarantee fund. TARGOBANK has physical branches in Germany that provide personalized support. Accounts can additionally be managed remotely via the smartphone application, online, or telephone.

What is the TARGOBANK Online-Konto?

The TARGOBANK Online-Konto account is free if you register a minimum monthly incoming salary of 600 Euros. Otherwise, the fee is 3.95 Euros per month.

Which bank cards does the TARGOBANK Online-Konto include?

The TARGOBANK Online-Konto account includes a free Visa Debit Card for store payments, online shopping, and cash withdrawals.

After opening your bank account, you can also purchase a Visa Credit card. The basic “Online-Classic-Karte” allows deferred payments and is helpful for hotel or rental car bookings.

Can I withdraw cash for free with the TARGOBANK Online-Konto account?

Unlimited free cash withdrawals with Visa Debit Card are possible at approx. 700 TARGOBANK ATMs in Germany. Moreover, cash can be withdrawn at cooperating retailers with a purchase of at least 20 Euros.

The free TARGOBANK account and credit card do not allow free cash withdrawals abroad. For free international cash withdrawals or at non-TARGOBANK ATMs in Germany, a paid premium credit card starting at 59 Euros per year is required. Alternatively, you can connect your TARGOBANK account with a free credit card from another bank, which allows international withdrawals.

How much does using my TARGOBANK Online-Konto bank card cost abroad?

A 3.85% fee (2% foreign currency + 1.85% foreign-use fee) applies for electronic payments by TARGOBANK Visa Debit or Visa Credit Card in currencies other than Euro. There are no fees for costs for payments abroad in Euros.

Can I use my mobile phone to pay with the TARGOBANK Online-Konto?

TARGOBANK supports mobile payment with Apple Pay (iOS) or TARGOBANK Bezahl-App 2.0 (Android).

Does the TARGOBANK Online-Konto include sub-accounts?

You can open a flexible savings account (Tagesgeldkonto) to save money and earn interest with TARGOBANK.

Does TARGOBANK offer joint accounts?

TARGOBANK accounts can be registered under two names as a joint account. Both owners receive banking cards.

What languages does the TARGOBANK Online-Konto support?

TARGOBANK’s multi-language smartphone application supports German, English, French, Spanish, and Catalan. Online banking is available in German and English. In branches, employees with respective language skills can also provide support in English. However, the website and customer support are only available in German.

Can I open an account with TARGOBANK from abroad or without a residence?

A German address is required to open an account. The online opening process must be finalized through personal identification with ID or passport (depending on nationality) by webcam, at a post office, or in the TARGOBANK branch.

Can I use my TARGOBANK Online-Konto account as a freelancer or self-employed person?

Freelancers and self-employed individuals can open an account for private purposes only. TARGOBANK offers business accounts starting at 9.90 Euros per month for business-related transactions.

What other perks does the TARGOBANK Online-Konto include?

Branches: As a customer, you can use TARGOBANK’s 330 branches for personalized services.

Cash deposits: Cash deposits at TARGOBANK ATMs are free. At cooperating retailers, you can deposit up to 999 Euros monthly. The first 100 Euros are free; after that, the fee is 1.5%.

Service portfolio: Santander offers various services, from savings accounts to insurance, loans, and trading.

VR-Perfekt
by Volksbank-Raiffeisenbank

Free Visa Debit & Girocard

No credit cards

Free withdr. in Germany only

1.75% fees outside Eurozone

Apple Pay

Joint account available

No savings / sub-accounts

For private use

German residence required

German interface / support only

Online service

Commercial partner

Open Account for Free

No monthly fee
(conditions apply)

Review VR-Perfekt Current Account (Status: 31 January 2024)

Who is VR-Perfekt?

VR-Perfekt is the digital banking portal of VR-Bank Bad Salzungen Schmalkalden in the state of Thuringia. Similarly to Sparkasse, “Volksbank-Raiffeinsenbank” is organized into regional entities. Nationwide, the group is the second-largest provider of current accounts and a dense branch network. In most cases, VR bank accounts come with monthly fees.

With its online offer, VR-Perfekt wants to combine the advantages of an online bank and rely on the security and strength of the cooperative financial group. Even though the regional entity of Bad Salzungen Schmalkalden manages VR-Perfekt, it targets customers from all over Germany.

What is the VR-Perfekt Girokonto?

VR-Perfekt Girokonto is a bank account without monthly fees. To open the account, one requires monthly incoming funds (salary, pension, student grant BaföG) of at least 700 Euros.

Which bank cards does the VR-Perfekt Girokonto include?

The VR-Perfekt Girokonto comes with a complementary Girocard and a Mastercard Debit. There are no credit cards. But you can get a free credit card from another bank for deferred payments and free international cash withdrawals with VR-Perfekt.

Can I withdraw cash for free with the VR-Perfekt Girokonto?

With VR-Perfekt, you can withdraw for free at over 15,000 ATMs from the “Bankcard Servicenetz,” which includes almost every cooperative bank in Germany. ATM withdrawals with Mastercard abroad cost 3% but no less than 7 Euros.

How much does it cost to use my VR-Perfekt bank card abroad?

For transactions in other currencies than the Euro, a fee of 1.75% is applicable with the Mastercard.

Can I use my mobile phone to pay with VR-Perfekt?

VR-Perfekt supports mobile payments by Apple Pay.

Does the VR-Perfekt Girokonto include sub-accounts?

There are no sub-accounts or flexible savings accounts with VR-Perfekt.

Does VR-Perfekt offer joint accounts?

Yes, the VR-Perfekt Girokonto can also be opened as a joint account if both account owners have the same residence.

What languages does VR-Perfekt support?

VR-Perfekt is only available in German.

Can I open an account with VR-Perfekt from abroad or without a residence?

Residence in Germany is compulsory.

Can I use my VR-Perfekt Girokonto account as a freelancer or self-employed person?

You can use the VR-Perfekt Girokonto for personal purposes. You cannot use it for business-related transactions.

Hypovereinsbank
Pluskonto
by UniCredit

Free Visa Debit, Girocard~€12/year

Free Visa Credit

Free withdrawals in 14 countries

1.75% fees outside Eurozone

Apple Pay

Joint account available

Optional savings account

For private use

German residence required

English / Italian mobile app

Branches / online service

No monthly fee
(initial 2 years only)

Review HypoVereinsbank Current Account (Status: 09 March 2024)
Who is HypoVereinsbank?

HypoVereinsbank (HVB) is the German subsidiary of UniCredit, Italy’s largest bank. As the bank is a proper German independent entity, accounts have a German IBAN (bank account number), and all savings are protected under the German (not Italian) deposit guarantee fund. HypoVereinsbank is a retail bank with branches in Germany. Of course, accounts can also be managed online or via the smartphone application.

What is the HypoVereinsbank PlusKonto?

The HypovereinsBank PlusKonto is the company’s most popular current account. For the first two years, new account holders receive the “Gold Status” in HVB’s customer loyalty program, “valyou.” Afterwards, the usual rate is 9.90 Euros. However, based on your loyalty status, you can receive a discount or keep the account free. The loyalty status is based on the types of accounts, products, and funds you hold with HVB.

Which bank cards does the HypoVereinsbank PlusKonto include?

Initially, you receive an HVB Visa Debit Card to shop in stores and online. After opening your account, you can request further banking cards for free in the online banking area. The HVB Girocard is for cash withdrawals and store payments in Germany. A free and full-fledged Mastercard Credit is also issued for store payments, online shopping, and hotel or rental car bookings.

Can I withdraw cash for free with the HypoVereinsbank PlusKonto account?

HypoVereinsbank allows unlimited free cash withdrawals within Germany at Cashgroup ATMs (i.e., Commerzbank, Deutsche Bank, Postbank, HypoVereinsbank) with Girocard. Cash withdrawals at other ATMs come at a cost. Within Europe, free cash withdrawals are possible in 13 countries with UniCredit ATMs (Bosnia-Herzegovina, Bulgaria, Italy, Croatia, Austria, Romania, Russia, Serbia, Slovakia, Slovenia, Czech Republic, Turkey, Hungary) when using the Girocard or Visa Debit Card. Withdrawals in other countries or by different providers are subject to a fee of 2.50 Euros. An additional surcharge of 1.75 is due for withdrawals in other currencies.

How much does using my HypoVereinsbank PlusKonto bank card cost abroad?

Card payments within the Eurozone are free. In other currencies, a fee of 1.75% applies.

Can I use my mobile phone to pay with the HypoVereinsbank PlusKonto?

Mobile payment is available on iPhones with Apple Pay.

Does the HypoVereinsbank PlusKonto include sub-accounts?

HVB offers a flexible savings account (FlexSparen) to save money and earn interest.

Does HypoVereinsbank offer joint accounts?

Yes, if a joint account is opened, both account owners receive free Debit Cards. A second MasterCard Credit is issued on request for 10 Euros per year.

What languages does the HypoVereinsbank PlusKonto support?

The website and customer service are exclusively in German. The smartphone application is also available in English and Italian. The language skills of the individual clerk may vary.

Can I open an account with HypoVereinsbank from abroad or without a residence?

You may only use a German address to open an account. Subsequent personal identification may be performed with your ID (depending on nationality) or passport by webcam or physically at a post office or HVB bank branch.

Can I use my HypoVereinsbank PlusKonto account as a freelancer or self-employed person?

You can use the HVB PlusKonto as a freelancer or self-employed person for private purposes. A particular business account is necessary for transactions with business partners.

What other perks does the HypoVereinsbank PlusKonto include?

Branches: HypoVereinsbank is a retail bank offering approximately 250 physical branches with personalized service.

Cash deposits: Cash deposits are possible at HVB branches and ATMS without surcharge.

Service portfolio: HVB provides various services, from business accounts to savings solutions and trading.

norisbank
Top-Girokonto
by Deutsche Bank

Free Girocard

Free Mastercard Credit

Free withdrawals worldwide

0.5% fees outside Eurozone

Apple Pay

Joint account available

Optional savings account

Not for freelancers/self-employed

German residence required

English mobile app

Online / ltd. branch service

No monthly fee
(conditions apply)

Review norisbank Current Account (Status: 09 March 2024)
Who is norisbank?

norisbank is the direct banking branch of Deutsche Bank, Germany’s largest private retail bank. Hence, its target is to combine the reputation and experience of Deutsche Bank with the efficiency and cost of an online bank. Thus, service is provided online or by phone. However, some self-services are also available at Deutsche Bank ATMs.

What is the norisbank Top-Girokonto?

The norisbank Top-Girokonto is free for account holders under 21 years or in case of minimum monthly incoming funds of 500 Euros. Otherwise, the monthly fee is 3.90 Euros.

Which bank cards does the norisbank Top-Girokonto include?

The account comes with a free Girocard (Maestro) suitable for cash withdrawals and store payments. A Mastercard Credit for online shopping, hotel bookings, or car rentals is also available at no additional cost. However, you require regular monthly income as proof of solvency.

Can I withdraw cash for free with the norisbank Top-Girokonto account?

Within Germany, the account allows unlimited free cash withdrawals at Deutsche Bank ATMs and associated retailers (i.e., REWE, Aldi-Süd, Penny, Lidl, Shell) by Girocard. Furthermore, users enjoy free cash withdrawals worldwide when using their Mastercard Credit. A conversion fee of 0.5% is applicable for non-Euro withdrawals.

How much does using my norisbank Top-Girokonto bank card cost abroad?

Using Mastercard Credit is possible. An additional fee of 0.5% applies for transactions in currencies other than the Euro.

Can I use my mobile phone to pay with the norisbank Top-Girokonto?

norisbank supports mobile payments with Apple Pay.

Does the norisbank Top-Girokonto include sub-accounts?

There is a flexible savings account (Tagesgeldkonto) with norisbank.

Does norisbank Top-Girokonto offer joint accounts?

Joint accounts are available, with both owners receiving free Girocards. Moreover, two Mastercards are issued if the abovementioned conditions regarding solvency are fulfilled.

What languages does the norisbank Top-Girokonto support?

The mobile application is available in German and English. The website and customer support are available only in German.

Can I open an account with norisbank from abroad or without a residence?

Opening an account at norisbank requires a German residence.

Can I use my norisbank Top-Girokonto account as a freelancer or self-employed person?

Accounts cannot be opened as a freelancer or self-employed person. This also applies to private use.

What other perks does the norisbank Top-Girokonto include?

Deutsche Bank banking terminals: Deutsche Bank ATMs can be used to print bank statements, perform transactions, set up standing orders, and more.

Cash deposits: norisbank account holders can deposit cash for free at norisbank ATMs

Service portfolio: norisbank also offers other financial products such as savings accounts, insurance, and loans.

More details: Read our detailed norisbank review

Vivid Money
Standard

Visa Debit: €19.90 one-time fee

No credit cards

Free withdrawals worldwide

No fees outside Eurozone

Apple Pay / Google Pay

Free account sharing available

Optional savings & sub-accounts

For private use

European residence required

Multilingual interface / support

Online service

No monthly fee
(conditions apply)

Review Vivid Money Current Account (Status: 09 March 2024)
Who is Vivid Money?

Founded in 2020, Vivid Money has only been on the market for a short while. It’s offering is similar to N26 bank, but Vivid is not as established. As a digital bank, the mobile application is the backbone of Vivid Money’s service promise. It allows you to make transfers, follow transactions, or block the card. Users receive automatic push notifications after incoming payments and when their card is used. The balance is updated in real time, and expenditures can be categorized.

What is Vivid Standard?

The Vivid Money Standard account comes with no monthly fee if used actively. This means you must have one or more card transactions during the calendar month, or your account balance must be at least 1,000 Euros. Otherwise, a monthly fee of 3.90 Euros applies.

Which bank cards does Vivid Standard include?

The account comes with a Debit Visa Card. It is suitable for store payments or online shopping. Unfortunately, debit cards are not always accepted for hotel bookings or car rentals. Vivid Money does not offer credit cards or Girocards. However, the card offers other perks: it is an eye-catcher and does not show any personal or bank details. This info is safely stored in the mobile app.

New customers receive a free month of “Prime Membership.” Hence, the first digital card is issued for free instead of 1 Euro. Moreover, Prime members can order a metal card they can keep even if they decide to continue with the free plan. Unfortunately, issuing a physical card has a one-time fee of 19.90 Euros.

Can I withdraw cash for free with the Vivid Standard account?

The account allows free cash withdrawals at all ATMs worldwide, with a maximum monthly withdrawal amount of 200 Euros. If you exceed the monthly withdrawal amount or perform withdrawals of less than 50 Euros, fees of 3% (min. 1 Euro) are applicable.

How much does using my Vivid Standard bank card cost abroad?

Payments in other currencies incur no fees. Different currencies can also be bought and stored in separate sub-accounts “pockets.”

Can I use my mobile phone to pay with Vivid Standard?

As a mobile-friendly bank, Vivid Money supports Apple and Google Pay.

Does Vivid Standard include sub-accounts?

Every account comes with 3 free sub-accounts (“pockets”) that have their own bank account number (“IBAN”) and can be connected to your card before any transactions. Pockets can also be shared with other Vivid members, e.g., to set up a household account. There are different “pocket”-types for daily funds, savings, and investments.

Does Vivid Money offer joint accounts?

Vivid Money does not offer joint accounts with both persons as equal account holders.

Alternatively, everyone must create a Vivid Money account, set up a free sub-account, and invite others to join. Every sub-account disposes of its account number (IBAN) and can be flexibly connected to the Visa Debit Card.

What languages does Vivid Standard support?

Vivid is a friendly option for expats and foreigners newly arriving in Germany. Its interface and customer service are available in German, English, French, Spanish, Italian, Dutch, and Portuguese.

Can I open an account with Vivid Money from abroad or without a residence?

Accounts can be opened online from all over Europe: Germany, Austria, France, Spain, Italy, the Netherlands, Belgium, Portugal, Finland, Luxembourg, Slovenia, Estonia, Greece, Slovakia, Poland, Sweden, Denmark, Norway, Liechtenstein, Iceland, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Hungary, Latvia, Romania, Sweden, Switzerland, and the UK.

Can I use my Vivid Money account as a freelancer or self-employed person?

Freelancers and self-employed individuals can visit a Standard account for private purposes only. There are also business accounts for transactions with business partners.

What other perks does the Vivid Standard account include?

Cashback: As an active user, you can collect cashback when using the card.

Service portfolio: Vivid offers options for digital investments and savings.

More details: Read our detailed Vivid Money review

3. Comparison of Free German Business Accounts (“Geschäftskonto”)

Corporate entities are legally obliged to have a separate bank account to split business-related and personal transactions. In practice however, most banks prohibit the business use of their current accounts (Girokonto) even for freelancers as well as self-employed people. Generally, the amount of free business accounts is very restricted and they offer fewer perks. Not only from an accounting point of view, it therefore makes sense to maintain two accounts: a business account where you pay business expenditures and receive customer payments as well as a current account where you transfer your “salary” and pay private expenditures.

Commercial partner

Finom
Solo

Visa Card Debit

Paid local cash withdrawals

Paid cash withdrawals abroad

Limited free transactions

Google/ Apple Pay

One account/ card holder

EU residence required

Services for freelancers

Multilingual interface/ support

Online service

No monthly fee

Visit FINOM site and open bank account

Read our review: FINOM business account (status: 11/23)

Language and application

FINOM is an innovative online bank for business clients. It has a free but also premium accounts that can be opened by freelancers and self-employed persons with a residence several European countries. The website and the mobile application are available in several major European languages (e.g. English, German, French, Italian, Spanish).

Service and usage

The smartphone application and online interface are state-of-the-art. FINOM offers further services for business like invoice management or the integration of your accounting software. Cashback is only available for premium account users not for owners of the “Solo” account.

Cards and payment

The account comes with a free physical Visa Debit card including cashback function (see above). Mobile payments via Apply or Google Pay are available. Very common for a business account, the number of free monthly transactions is limited. With the Solo plan you have 50 free transactions (=account movements, i.e. card payments, direct debits, transfers) per month. Any additional transaction is charged with €0.20. Switching to a premium account with a higher number of included transactions may be worthwhile if you have a lot of account activity.

Cash withdrawals

The account is optimized for electronic payments, for domestic and international cash withdrawals a fee of €2 is applicable.

Commercial partner

FYRST
Base

Backed by Deutsche Bank and free debit + credit card!

Visa Credit, Girocard

Free local cash withdrawals

Free cash withdr. in multiple countr.

Limited free transactions

No Google/ Apple Pay

One account/ card holder

German residence required

Services for freelancers

German interface/ support

Online service

No monthly fee

Visit FYRST site and open bank account

Read our review: FYRST business account (status: 11/23)

Language and application

FYRST is backed by Germany’s largest bank Deutsche Bank together with its subsidiary Postbank. As an online bank it offers free and paid business bank accounts for freelancers and self-employed persons. With a German residence, you can open the bank account completely online. For this, you require a German residence. The website, mobile application and customer service are offered in German language.

Service and usage

The smartphone application and website interface offer all relevant online banking functions, from checking statements to managing transactions. Additionally, FYRST offers further premium services for businesses: You can setup an interface to your accounting software and there are discounts for business insurances available.

Cards and payment

The account comes with a free physical Girocard. A great advantage is that FYRST account holders can apply for a free Visa FYRST Card Plus. It’s a combined debit/ credit card. Hence, you are also fully covered if you require to rent a car or a hotel asks to block money during the stay. But for typical transactions it works like a debit card and the amounts are directly deducted from your account. As for a lot of business accounts, the number of free monthly transactions is limited. With the BASE account you have 50 free transactions (=account movements, i.e. card payments, direct debits, transfers) per month, every additional transaction costs €0.19. If you require a large amount of complimentary monthly account movements, you may consider to switch to a premium account.

Cash withdrawals

Account holders profit from free domestic withdrawals by Girocard at all Cashgroup ATMs (Commerzbank, Deutsche Bank, Postbank, HypoVereinsbank) and at associated retailers (e.g. Shell). Cash deposits are possible against a reduced fee at Postbank ATMs and branches. For cash withdrawals you can make use of a network of cooperation partners that allow free cash withdrawals abroad (e.g. US, France, Australia, etc.)

Commercial partner

Kontist
Free

Accounting and tax services available!

Virtual Visa Card Debit

Paid local cash withdrawals

Paid cash withdrawals abroad

Limited free transactions

Google/ Apple Pay

One account/ card holder

German residence required

Services for freelancers

Multilingual interface/ support

Online service

No monthly fee (conditionally)

Visit Kontist site and open bank account

Read our review: Kontist business account (status: 11/23)

Language and application

Kontist Free is a great solution for freelancers and self-employed individuals that want to have a bank with English customer support. The free account comes without any monthly fees if the monthly transaction volume is at least €300. It has an easy-to-use website and mobile application. The opening process is completely online and currently no SCHUFA credit check is performed. However, a German residence is required.

Service and usage

The smartphone application is one of the best in the market. It offers all perks of a modern online bank: transfer money, follow transactions, block the card, automatic push notifications after incoming payments or card use. The balance is updated in real-time. Also, the interface is specially designed for businesses: depending on the account type you chose the automatic calculation of pending income tax/ VAT payments, connection with your accounting software (i.e. lexoffice, fastbill, DATEV) or invoice creation are possible. For those requiring further support, Kontist offers premium bookkeeping packages with professional accounting service (e.g. creating P&L statements, tax declarations) as well as tax advisory. With the Free account you have 10 free transactions (=account movements, i.e. card payments, direct debits, transfers) per month, every additional transaction costs €0.15 + VAT.

Cards and payment

The account comes with a virtual Visa debit card that is suitable for store payments or online shopping. It also supports Apple as well as Google Pay. If you require a physical card, you can either switch to a premium account or purchase a card for a yearly fee of €29 + VAT. Kontist does not offer credit cards.

Cash withdrawals

The account is optimized for digital bookkeeping and the needs of businesses. Hence, for every cash withdrawal Kontist charges €2. A foreign currency transaction fee of 1.7% is applicable for non-Euro withdrawals and payments.

Commercial partner

N26
Standard

Best smartphone app and multi-language service!

(Virtual) MasterCard Debit, Maestro

Free local cash withdrawals

Free cash withdrawals abroad

Free Euro transfers

Google/ Apple Pay

One account/ card holder

EU/EFTA residence requir.

Private and business use

Multilingual interface/ support

Online service

No monthly fee

Visit N26 site and open bank account

Read our review: N26 current account (status: 11/23)

4. For Every Purpose: Find the Best German Bank Accounts

What is the Best Online Bank Account in Germany?

Nowadays, online banking is the norm, even with traditional banks. All bank accounts in our list can be easily opened and managed online 24/7. Nevertheless, some digital banks excel with a straightforward account opening process, user-friendly applications, and real-time transactions.

Two famous options are C24 Bank and N26 as native digital banks. Their easy account opening processes are easy. You can check transactions, block cards, or manage the account in real time through the app. While C24 offers sub-accounts without fees, N26 accounts can be even registered from abroad.

Where do I Get a German Student Bank Account?

When you are a local or international student in Germany, you can profit from the perks of a free student bank account. This means no minimum balance requirements, no monthly fees, more perks and discounts. Almost any bank offers a free student account. You can find detailed reviews on our site.

Which Banks in Germany Offer a Joint Account?

Currently, ten banks offer free joint accounts. These banks are 1822direkt, comdirect, Commerzbank, Consorsbank, DKB, HypoVereinsbank, ING, norisbank, Santander and TARGOBANK offer free joint accounts. If you move to Germany as a couple or in a partnership, you might want to choose a bank that can register the shared account under both names. With a joint account, both of you will not only receive online access but also debit and/or credit cards. Check our detailed reviews above about the different bank features in our overview.

Is there a Free Business Bank Account?

You require a particular business account if you are a freelancer, a self-employed person, or a larger company. Regular bank accounts are only available for private purposes. There are currently five business bank accounts without monthly fees (check list of German business accounts).

What are Good German Bank Accounts for Foreigners, Expats and Non-residents?

While some banks require a German address, others allow non-residents to benefit from the German banking system. Currently, six banks in Germany offer free accounts and allow you to open them without a German residence permit. Some require an EU residence, while others allow a worldwide residence. These banks are comdirect, Consorsbank, DKB, N26, Vivid Money, and Finom.

Moreover, many banks increasingly offer services, mobile applications, or online banking in English, too. This can be great if you need a German bank but cannot speak German. We have marked these banks in our overview above.

5. How to Open a Bank Account Online for Free?

If you require a German bank account, the process is straightforward. Our dedicated article here also outlines a detailed description of all steps to open an account:

You choose your personal best bank account in Germany. Please remember to choose a bank that permits an international residence if you want to open an account outside of Germany.
You can directly apply for the account online on the bank’s website.
There is a subsequent identification process, which in most cases includes a video call, personal identification at a post office, or submitting a copy of the ID.
Afterward, you will receive a German bank account number, access codes for online banking, and banking cards via e-mail or post. Then you are ready to use your bank account.

6. Conclusion

You can be an expat living in Germany, a non-resident, an international student, a freelancer, or a self-employed employed person. There is no need to pay for a bank account since many free options exist. Modern online banks or more traditional banks like Deutsche Bank offer free or cheap accounts.

Our overview consolidates all the banks we could identify that offer accounts without monthly fees. Some of them have no restrictions, but sometimes there can be certain conditions, like monthly active use. If you want to make a quick choice: We consolidated ideas for digital accounts, expat accounts, joint accounts, business accounts, and student accounts.

7. Frequently Asked Questions

Where can I get an online bank account in Germany?
What is the best German online bank account?
Which banks offer a free business account in Germany?
Which German banks allow you to open an account as a foreigner or non-resident from abroad?
Is there a free blocked account available?
Are there free checking accounts in Europe that I can use all over the continent?
Is there a free bank account with money?

Disclaimer:

The information in this post is non-binding and for informational purposes only. It is not a complete market overview. We do not take responsibility for the accuracy and up-to-dateness of the data. Please re-check the final conditions and prices on the providers’ websites (§18 ZKG).

We do not intend to provide financial advice. All investments involve risks of loss.

Some of the links in this article are promotional links. We gain a commission if you purchase an item or open an account following this link. It helps us keep this site running and does not come at any cost to you.

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8 Comments

Ross
June 21, 2019 @ 4:31 pm

Thanks a heap! This site is great and the best I found for non-natives. Your comparison helped me a lot to open a German current account.

Reply
- Chris
  July 1, 2019 @ 9:08 pm
  
  Thank you so much for the compliments. We hope that you found the best current account and you are happy with your choice.
  
  Reply
ปั้มไลค์
July 3, 2020 @ 6:45 am

Like!! I blog quite often and I genuinely thank you for your information. The article has truly peaked my interest.

Reply
Javier
September 24, 2020 @ 8:42 am

even though my german isn’t good, i opened a bank account with DKB. it was super easy and i’m very happy. thanks for providing all this information.

Reply
- Chris
  September 28, 2020 @ 8:01 pm
  
  Thanks Javier. Glad to hear that you are happy with the account. Feel free to drop a message if you have any questions.
  
  Reply
cg2024
March 22, 2024 @ 5:04 am

Good article, but unfortunately N26 does not allow me to open an account as a USA resident

Reply
- Chris
  March 23, 2024 @ 9:48 pm
  
  Thanks for your question. It is true, as described you require a European residence to open an account with N26.
  
  Reply
shutter count
June 16, 2024 @ 4:44 pm

Great post! I was surprised to see how many free bank accounts are available in Germany. After reading your comparison, I’ve decided to open a Sparkasse account, which seemed to offer the best combination of fees and services. Thanks for the useful information!

Reply