A current account (Girokonto) with a German IBAN (starting with DE) is essential for life in Germany: your salary is paid into it, and rent, utilities, internet and insurance are debited from it.

Traditional branch banks: Sparkasse, Commerzbank, Deutsche Bank

Traditional banks have a wide network of branches and cash machines. However, they often charge a monthly account fee (usually €4 to €10) and may require a visit to a branch. Anyone legally resident in the EU is entitled to at least a basic account (Basiskonto).

Mobile banks: N26, Revolut, DKB and ING

Online banks let you open a full account in minutes on your smartphone using video identification. N26 and DKB offer free account plans, free virtual and physical debit cards and clear apps in English.

Girocard vs. Mastercard/Visa debit cards

The domestic Girocard (formerly EC card) is still widely used in Germany. Some bakeries, pharmacies and public offices accept only the Girocard and not international Visa or Mastercard cards.

Identification and proof of address

You need a valid passport to open an account. Some online banks open accounts before you have registered your address, but many traditional banks ask for a recent registration certificate.

What to check

  • Check on the online bank's website whether your passport is accepted for video identification.
  • Open a free account with an online bank as soon as you arrive for your first payments.
  • Order a Girocard if you often pay in shops that only accept it.
  • Set up a standing order (Dauerauftrag) for your rent.

Example situation

A newly arrived professional opens an N26 account on her smartphone on the day she moves into temporary housing, gives the IBAN to payroll and receives her first salary without delay.

Next step

Start with an account at an online bank for a quick start; you can open a second account at a branch bank such as the Sparkasse later if needed.

Official information on this topic

Checklists and examples are organisational recommendations. Requirements depend on the procedure, the city and your situation; check them with the relevant office before you act. Please discuss legal and tax questions with an authorised professional.

This article was prepared with the help of AI. The example illustrates the approach and does not describe a client case.