Top 4 Bank Accounts for Foreigners in Germany [2024 Update]

We compare German bank accounts for English speakers so you can choose the best one for you based on your nationality, immigrant status, and banking preferences.

Disclaimer: We are not financial consultants. The information in this video is based on our in-depth research and our own experiences.

🔥 For English-speaking newcomers with a residence permit:

🔥 For fresh arrivals without a residence permit:

🔥 For internationals with permanent residency and German skills:

📣 Some of the links marked with 🔥 are affiliate links. When you click on the links of products we mention and purchase them we will receive a small commission. It will not make any difference to you in price; however, it allows us to keep Simple Germany alive and striving.
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📼 RELATED VIDEOS:
How To Successfully Open A Commerzbank Account As A Foreigner [Step-By-Step Guide]

✨ RELATED GUIDES:
How to Contact English Customer Service of Commerzbank

⏰ Timestamps:
00:00 - Introduction
01:08 - Commerzbank Girokonto
09:46 - N26 Standard
15:30 - Tomorrow Now
18:56 - Vivid Money Standard
22:16 - Which is the Best Bank Account for Newcomers?
23:58 - Why don't we talk about other Banks in Germany? (DKB, ING, Deutsche Bank, etc)
26:26 - Our suggestion for Newcomers

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#expats #germany #expatsingermany #lifeingermany #expattips #bankingingermany

[mfppmati]

If it wasn't for you two my first month in Germany would have been a lot harder. Thank you a lot for this content. Please continue helping expats adapting more smoothly :)

[khusraw]

Thank you very much for the detailed information you provided in this video

[TalhoEvenstar]

Very helpful and detailed video. Thank you for gathering all the info 💖

[saro.saribekyan]

I looked up your video once more after arriving in Germany just to register myself in Commerzbank with your referral link.
Thank you for all of the information and your commitment! You are the best!

[samethingsmakeuslaughmakeuscry]

I am from Brazil and have been in Düsseldorf since October. Your videos have helped me so much, thanks for that and keep up the good work!

Just one thing. In my experience, I opened a Wise account when I was still in Brazil, with only a Brazilian passport. I was able to get an account with a Belgian IBAN without having to present residence permit or anything like that

[mohammadsoleymani]

Thank you very much for the nice video. I wished that there was such an informatic content when I moved to Germany.

[NoellaOware]

I love this channel. Thanks for sharing the knowledge 🙏🏽🙏🏽🙏🏽

[michaelheslop]

You two are awesome, thanks for the great content, big love from Berlin

[ujju]

Great work! Your video helped me a lot! I came to Germany last year and had no problem in settling😀You guys helped me move to Germany smoothly!

[djandji]

Thanks for the helpful Video ... as an Armenian National 🇦🇲

the fastest Option was Sparkasse:

Giro + Tagesgeld Account + Debit Card

Passport and my Anmeldung Paper only ... however they have requested the tax identification Number later (as soon as I got it).

The other Option is Revolut Bank:

Check Account with Passport only.

[elenamorozova]

Thank you so much for your fun and really informative videos!

[nccastro]

Just searched for this, nice timing .

[felipesua]

Super helpful. Thanks for all the hard work. Another idea that admittedly requires a lot more work would be to rank ways of transferring money abroad. Many internationals support our loved ones back home by sending them money, aka remittance. This hiwever requires a two-sided search (German bank, home bank).

[elastokim-nova]

My additional advice is to use the german bank account for money transactions within Germany only. Avoid international money transactions..Otherwise, your bank account will be likely blocked by your bank. Then you have stress. The money laundering legislation is very strict in the EU.

The use of the bank account for sales on ebay or for gambling is also very critical. 100% account blocking is guaranteed.

[sulmana]

I came to Germany in Oct 2023 on a type d blue card visa. I did my anmeldung on 22 Oct and I applied for the commerz bank online my account was created but it was not fully accessible so I needed to visit the branch. There I just gave my anmeldung paper and passport and my account was activated with all its features. Overall I am happy with it as well

[sundevit]

since we have learned so much about Germany on your channel, I guess it's about time to share at least some info on Guatemala here, too. I'd be pretty much interested.

[kedarnaths]

Nice video as always, just one thing about the bank account fees though, by Sparkasse or Deutsche Bank, you can usually have it waived if you work for one of the larger international companies. Sometimes just asking your Bank rep, can get you out of these "fees", another thing to look for is a Tagesgeldkonto conditions when you decide which Bank, this is where you can earn some interest when you park the money in it, which you can take out any time. The savings account (Default) doesnt give you any interest payment but the Tagesgeld will give you anywhere between 2.5 to 4% these days

[TatianaC]

Update: Vivid it's separating from SOLARIS and now they require residence permit or having a EU passport

[marcellkovacs]

22:06 this is illegal in the EU, if you encounter this please report it to the Wettbewerbszentrale

[theShejin]

As an Indian in Reutlingen(near Stuttgart) a Steuer ID and a Stadtanmeldung was required to open a student account in Commerzbank. Although their phone chat said otherwise.

Also, their in-bank personnel were kind of rude in dismissing us(me and my friend, also a student) when we asked about the possibilities. Which is why I had to stick with Sparkasse.