Study, Work or Start a Business in Germany
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Opening an account for Studying in Germany
International students who want to study in Germany should have an account especially for the proof of financial funds. Here we present you the favorable accounts selected by international students, and explaining how to open an account in case of no city registration.
1- Commerzbank: Successful combinations between digital products and local branches. Ranked as Germany’s second-largest private bank.
Create Account: Girokonto 50 Euro
2- Postbank: Free account with no monthly minimum input, free to withdraw cash at over 9,000 ATMs and in more than 850 Postbank Finance Centers.
Create Account: Postbank Giro plus
3- N 26: Licensed bank with worldwide customers in which they focus on mobile banking and grants you to access your financial operations through the N26 App.
4- Sparkasse: Condensed network of branches extended countrywide. Having easy access to personal advice.
For Students without a city registration
Most banks require a city registration “Anmeldung” when you open an account. However, sometimes you need a current account before city registration. Here are some options that support this case:
You can easily open a current account with this bank without a city registration, since in most cases banks who focus on mobile banking don’t require a city registration for creating your account.
By opening a comdirect basic account, for just 1.90€ your required basics will be offered from your bank, moreover you have the ability to withdraw cash at many ATM’s for free through the girocard you receive from the bank.
Opening a basic account at any branch in Germany, without city registration,but it would cost a monthly fee.
Offering a basic account for free account management and free girocard which grants you the access to withdraw cash at around 1200 ING ATM’s without any charges.
Blocked Account
What is a blocked account?
A bloacked account is an account which you are required to have in orrder to get your German visa as a proof of sufficient funds. You can only withdraw a fixed amount of cash monthly.
Who need a blocked account?
International students and Blue card Jobseeker.
What banks support blocked accounts?
- Deutschebank
- Fintiba
- Expatrio
- Coracle
The following table depicts the comparison of blocked accounts processes between the banks who support this operation.
