How to Open a Bank Account in Germany

Opening a bank account might seem like a small task—but in Germany, it’s a crucial first step to settling in and managing your life smoothly. Without a functioning account, you won’t be able to access money from your Blocked Account, receive part-time job payments, or pay for essentials like rent, groceries, or health insurance.

Whether you're a student, professional, or just moved to Germany for a new start, this guide walks you through everything you need to know about opening a German or EU bank account—from when to open it, to which documents you’ll need, and the fastest way to get access to your money.

Why Do You Need a Bank Account in Germany?

Germany is still a very bank-centric country, where most financial transactions—including rent payments, insurance fees, and public transportation subscriptions—are processed through direct bank transfers. Even if you already have a Blocked Account (Sperrkonto), you still need a regular bank account—a current account (Girokonto)—to withdraw money, pay bills, and manage everyday expenses.

Here’s why opening a current account is essential:

• It connects to your Blocked Account to receive monthly payouts
  
• It allows you to pay rent, buy groceries, and set up utilities
  
• Employers use it to deposit your salary
  
• Many subscription services (mobile contracts, gym memberships) require it
  
• Some German institutions prefer accounts with DE (Germany-based) IBANs
  

Without one, it’s nearly impossible to live independently in Germany.

When and Where to Open a Bank Account: Before or After Arrival?

One of the most common questions newcomers ask is:
“Should I open a bank account before arriving in Germany or after?”

The answer depends on your specific situation. Let’s break it down.

Option 1: Open a Bank Account Before Arrival

Opening a bank account before you land in Germany is usually done through digital-only banks, often called neobanks. These operate entirely online and do not have physical branches.

Why this might be the right choice for you:

• You can access your money immediately upon arrival
  
• You don’t need to wait for city registration (Anmeldung)
  
• Faster access to funds for rent, groceries, and transport
  
• Reduces stress during your first weeks in Germany
  

This is the ideal path if you're unsure when you’ll complete city registration or get your residence permit—and want a smoother, faster start.

Option 2: Open a Bank Account After Arrival in Germany

If you prefer using a traditional bank with physical branches, then opening your account after arriving in Germany might be better. Local banks like Deutsche Bank, Commerzbank, or Sparkasse offer in-person customer service and may be easier to navigate if you value face-to-face interactions.

However, this route has some additional requirements:

• City registration (Anmeldung) is usually required
  
• Some banks require a residence permit card, which you might not have if you arrive on a visa
  

This option is ideal if:

• You’ve already secured permanent housing
  
• You plan to stay long-term
  
• You’re comfortable waiting until your paperwork is finalized
  

What You’ll Need to Open a Current Account

Whether you're choosing a neobank or a traditional bank, you’ll need some form of identification. Requirements vary slightly depending on the bank, but here’s what you should generally have ready:

For Neobanks / EU Online Accounts (before arrival):

• Valid passport
  
• Mailing address (can often be temporary)
  
• Internet access for VideoIdent or PostIdent procedure
  

For Local Banks in Germany (after arrival):

• Valid passport
  
• Visa or residence permit card (eAT)
  
• Proof of city registration (Anmeldung)
  
• Proof of address (rental contract or landlord confirmation)
  

Some banks may also request:

• Student ID or enrollment certificate (for student accounts)
  
• Proof of income (if applying for overdraft or credit facilities)
  

Can’t Register Your Address Yet? Here’s What to Do

A common roadblock for many newcomers is that opening a German bank account typically requires proof of city registration (Anmeldung). But registering with the city can only happen once you have long-term housing—which can take time to secure.

If you face this delay, your best option is to open an EU-based online account by a Neobank before you arrive or during your first few days in Germany.

This type of account gives you immediate banking access while you wait to complete your Anmeldung and apply for your residence permit. Once your documents are ready, you can always switch to a German bank if needed.

Neobank or Traditional Bank? Help Me Decide

Not sure whether to go digital or stick with a local bank? Here’s a simple comparison:

Open a Bank Account from Abroad (Neobank)

• Open online before or right after arrival
  
• No city registration needed
  
• Instant access to finances
  
• Usually app-based with modern interfaces
  
• May not have a DE IBAN (some have LT, IE, or ES prefixes)
  
• Ideal for a fast, flexible start
  

Open a Bank Account in Germany (Local Bank)

• Requires city registration and often a residence permit
  
• Access to in-person services and staff
  
• Often preferred by landlords and employers
  
• May offer better options for German-only services
  
• Ideal for those who value local support and structure
  

Pro Tip: If you open an account at a neobank, it’s still a good idea to open a German bank account later. Some individuals or businesses only accept DE-prefixed IBANs (German bank account numbers).

Step-by-Step: How to Open Your Account (Neobank vs. Traditional Bank)

Depending on whether you choose a digital neobank or a traditional German bank, the steps to open your account can look quite different. Here’s what you can expect in each case:

If You’re Opening a Neobank Account (Online)

Neobanks are built for speed and accessibility. Most of the process happens online and can be completed within minutes to a couple of days.

Steps:

1. Choose your neobank
   
2. Download the app or register online
   
3. Submit personal details (name, passport, visa if applicable)
   
4. Verify your identity via:
   
   • VideoIdent (if you have a residence permit card)
     
   • PostIdent (if you only have a visa in your passport)
     
5. Get approved and receive your IBAN
   
6. Access your online banking and cards
   

This process doesn’t require Anmeldung or a residence permit, making it the preferred option for many newcomers who need immediate access to funds.

If You’re Opening a Traditional German Bank Account (In-Person)

Local banks typically require more documentation and a physical appointment. The process may take longer, but some people prefer having in-person service and a DE IBAN right from the start.

Steps:

1. Find a bank branch near you (e.g. Deutsche Bank, Commerzbank, Sparkasse)
   
2. Schedule an appointment or walk in during opening hours
   
3. Bring the required documents:
   
   • Passport
     
   • Visa or residence permit card (eAT)
     
   • Proof of city registration (Anmeldung)
     
   • Proof of address (rental contract or landlord confirmation)
     
4. Complete the application in person with a bank advisor
   
5. Wait for approval and card delivery (can take several days)
   
6. Receive your:
   
   • IBAN/account details
     
   • Bank card via post
     
   • Access to online banking (if offered)
     

This route is often preferred by students staying long-term, people needing in-person support, or those whose housing or employers require a German-issued account.

Helpful Tips Before You Start

• Some neobanks allow you to hold multiple currencies, which is helpful if you’re still transferring money from abroad
  
• Opening a German bank account later (once you have a DE IBAN) may make job hunting and housing easier
  
• Always double-check bank fees—some accounts are free, others charge for cards or ATM use
  
• Many banks offer student-specific accounts with lower fees and added perks
  

FAQ: Common Questions About Opening a Bank Account in Germany

Do I need a German IBAN?
Not necessarily—EU-based IBANs are accepted in Germany. However, some landlords and employers prefer a DE IBAN, so having a German bank account long-term can be beneficial.

Can I open a bank account without Anmeldung?
Yes, but only with digital banks. Local banks will usually require city registration.

How long does it take to open an account?

• Neobanks: As little as 15–30 minutes
  
• Traditional banks: A few days to a week, depending on documentation
  

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