How To Open a Bank account in Germany

Opening a bank account in Germany is a crucial step for residents and expatriates alike, facilitating everyday financial transactions and providing a secure platform to manage your money. Germany's banking system is renowned for its efficiency and reliability, but navigating the process may require some understanding of the local requirements. In this guide, we will walk you through the essential steps and considerations to help you successfully open a bank account in Germany. Whether you're a newcomer to the country or a long-term resident, this information will equip you with the knowledge needed to establish a solid financial foundation in Germany.

How to open a bank account in Germany

The country with the strongest economy in Europe, and a vibrant startup culture in Berlin, and a fintech culture in Frankfurt, Germany is the coveted destination for many. It also has its roots in hard core engineering, and the human resource is a mix of modern contemporary business with a technical bent of mind. It is no wonder that both fintech and heavy engineering businesses thrive in Germany. Moreover, it has the best education policy with high standards of education, attracting students from across the globe, which later translated into efficient human resource.

Open a bank account in Germany

If you have opted for Germany, you will need a bank account. Banking rules are quite strict in Germany, and if you are a non-resident, it might get really difficult, unless you have a corresponding bank account.

Opening an online, no limit IBAN account in Germany typically involves a combination of online applications and subsequent identity verification. While I can provide general guidance, it's important to note that specific requirements may vary depending on the bank or financial institution you choose.

Steps to Open a German Bank Account Online:

Discover the hassle-free way to open a bank account in Germany without the complexities of paperwork or language barriers, designed especially for expats, foreigners, overseas and non-residents from abroad.

The process of opening a German bank account can often seem daunting, involving slow bureaucracy, piles of paperwork, unfamiliar jargon, and a lingering uncertainty about what you're signing up for. Many have experienced the frustration of wondering why it takes so long to open an account, why PINs are sent by snail mail, and why some bank representatives can converse in English but are restricted from doing so. However, there is a more straightforward approach, and we're here to walk you through it step by step.

What to Consider When Choosing a German Bank Account:

Types of Accounts: German banks offer various account types, including the Girokonto (current or checking account), Tagesgeldkonto (instant access savings account), Sparkonto (limited access savings account), and Depot (securities account). In this guide, we'll focus on the Girokonto, which provides an International Bank Account Number (IBAN) for transactions and a bank card for purchases and ATM withdrawals.

Cards: German banks offer different card options, such as the Electronic Cash (EC) Card/Girocard for direct payments and ATM withdrawals, "Kreditkarte" Visa or Mastercard for all payments and withdrawals, and "Kreditkarte" Credit Card with credit limits. Additionally, there's the Maestro Card, similar to Visa or Mastercard but linked to your account.

Types of Banks: In Germany, you'll find three main types of banks: Cash Group (national banks with physical locations), Sparkassen (local or municipal banks with free cash withdrawals at Sparkasse ATMs), and Direct Banks (online-only banks that may charge fees for withdrawals).

The Traditional Account Opening Process:

Applying Online: Typically, you'd visit the bank's website to find the Girokonto application form, print it, fill in your details, and take it to a local Deutsche Post office. You'd need to provide a "PostIdent" form, your passport or national ID, and a copy of your German address registration (Meldebescheinigung) to verify your identity. Then, you'd send the signed forms to your chosen bank and wait for confirmation by mail.

Applying at a Bank Branch: Alternatively, you could make an appointment or walk into a bank branch, where you'd complete the application form and verify your ID with your passport or national ID card, along with a copy of your German address registration. Again, you'd need to wait for confirmation by mail.

This process can be especially challenging for non-residents, temporary student residents, or foreigners creating an account from abroad, as it requires a registered German address.

A Better Way:

At Monvenience, we believe there's a simpler, more efficient way to open a bank account in Germany. Our streamlined process eliminates the need for paperwork and German fluency. Discover the ease and convenience of banking with us.

You can apply for your IBAN account online, valid in Germany and the rest of EU, with your passport copy and a proof of residence. NO VISITS to the Bank required! Think of the savings in expenses and your convenience. You can operate your account from your laptop, or your highly secured mobile app. Transparent fees and charges, all listed in the website.
Moreover, you can also get a mastercard prepaid card, both physical and virtual, which you can use at any PoS, ATM or for online purchase. You can even have upto 3 pre-paid cards.

Say goodbye to the complexities and delays associated with opening a bank account in Germany. At Monvenience, we offer you a hassle-free solution tailored to your needs. Experience banking made easy and start managing your finances with confidence today.

Non Resident Bank account Services for Germany:

Consider the European IBAN account for your business in Germany, that you can open online at You can transact all your business in Euros from this account, for your German business, and from the comfort of your laptop or mobile, from anywhere in the world. Charges are low, documentation simple, and no residency proof of Germany is required. Infact, you can give your own country’s residency proof for opening this account. And not only in Germany, you can use this account anywhere across Europe and more. Thus, one account server for all your banking needs. And, if you have an EU or a UK passport, then your personal account comes free.

On top of that, when you take money out of EU or SEPA area, it can be quite expensive due to bank charges and conversion rates. With Monvenience, you can greatly save on those charges, as we charge a fraction of what banks charge, and we also give the best conversion rates. So just go ahead, and open your business or personal account at, and transact in Convenience.

Click Here To Open Your Account

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