Tomorrow is a social business that started in 2018. Its vision is to use money as a lever for positive change and therefore only invests in a sustainable way. Through their fees, customers positively contribute to protecting climate.
Following a digital first approach, its business model is based on the success of modern digital and mobile banks. Making banking easy through a quick and immediate account opening process as well as user friendly interfaces, it offers its services within the entire European Union. With Solarisbank it relies on an established banking partner where customer funds are protected under the German deposit guarantee.
Overview: Which Bank Accounts can Customers Choose from?
- NOW is the basic digital account. The mobile account is easy to use and part of the green revolution philosophy contributing to climate change with every euro spent. The account comes with a complementary Visa card. NOW has no fixed monthly fee. You can keep it like this or contribute to Tomorrow’s mission on a “pay-as-you-wish” basis.
- CHANGE is an upgraded account version. Users can choose between different card designs, enjoy 5 free cash withdrawals per month and 6 sub-accounts to organize money easily that can optionally shared with other users.
- ZERO is the premium account. As the title states, for the monthly fee you contribute to to addional climiate projects to offset your CO2 emissions. It also comes with an exclusive wooden card instead of the ordinary plastic one. Other highlights are unlimited complementary cash withdrawals – both in Germany and abroad – as well as an infinite amount of sub-accounts (pockets).
You can find a detailed overview of all Tomorrow accounts and their differences here.
What are Tomorrow’s Features?
- Visa Debit Card with contactless option (fully suitable for i.e. store payments and online shopping; some hotel or rental car companies may ask for a credit card)
- Mobile payments and withdrawals (Apple Pay / Google Pay)
- Free card payments worldwide
- Free cash withdrawals in Germany depending on the card you choose
- Free cash withdrawals at ATMs in and outside the Eurozone
- Free real-time transactions to other accounts (SEPA)
Requirements: Who can Open a Bank Account with Tomorrow Bank?
Age and Profession
Tomorrow Bank accounts are not available to minors, you need to be at least 18 years old. There are no pre-conditions in terms of profession: Anybody from pupils, students, employees to freelancers can open accounts but only for private purposes.
Residence, nationality and language skills
A Tomorrow bank account can be opened with a residence in these countries:
- Germany
- Austria
- Italy
- Spain
You can open an account with almost any nationality with a supported form of ID or passport for this country. Identification is performed completely online.
Creditworthiness
In general, neither Tomorrow Bank nor its partner Solarisbank collect information on your financial situation. The probability of being accepted as their customer is very high. Hence, it might be a good option if you have just arrived to Germany and do not have extensive credit history.
Technical requirements
You need a compatible smartphone to open and maintain your account.
Customer Services: Which Languages are Supported and How is the Online/ Mobile Banking?
Chat, Hotline and Language Support
Tomorrow bank offers the same type of support – via phone, mail or live -chat – regardless of the type of account chosen. It is available in 2 languages: English and German.
Online banking and mobile app
Though there is also a web interface, the app is a great and well-designed tool to manage the account. It has scored high in user-friendliness and offers the following features:
- Review of balances and limits
- Managing sub-accounts (pockets)
- Performing bank transfers
- Easy transfer between Tomorrow accounts
- Mobile payment (ApplePay / Google Pay)
- Push notifications in real-time to control card usage
- Blocking and unblocking cards
Further credits and savings offers
Tomorrow allows you to apply for overdraft on your current accont. Moreover, they have a sustainable investment account enabling you to make your money grow with good conscience.
Account Opening: What Steps to Follow to Get a Tomorrow Bank Account?
Opening an account is very easy and completely online like all other acoount opening processes: Fill out the online form with your data and then identify via video identification.
One of the great points on opening an account with them is that even if you are not fully settled in Germany you can still use your previous address as long as it is part of their other core markets, namely Austria, Italy, or Spain.
