To read more and open a 1822Direkt Girokonto Studenten account for students click here. DKB Bank Account for Students in Germany DKB Bank offers all retail customers including students with the free and attractive checking /current account. To verify your identity with PostIdent, you will be required to download a verification sheet from the bank’s website and submit it at the post office, along with your passport. Founded in 1870, Deutsche Bank is the largest of the banks in Germany and one of the top banking and financial services companies in the world, with an extensive presence in Europe, the Americas, the Asia-Pacific region, and many emerging markets. Advantages of N26 bank account for students. The BAföG Bank Loan supports those students who either exceed the … Here is what you need to consider before opening a German bank account: Below, we will list some of the banks in Germany providing comprehensive, convenient, and excellent services. yes, 2 of my friends did the process its reliable and better then Kotak bank. Most of the banks will charge you account fees once you are no longer a student. Additionally, you can also get a free US, UK, Australia, and New Zealand Bank account based on what currency you need to use. DeutscheBank Das Junges Konto. This is arguably the best bank account, both for student and non-students since it is always free irrespective of your student status. You can secure everything online and without any knowledge of German… Now owned by Deutsche Bank, this bank was once the biggest retail-customer bank in Germany. I am opening through Fintiba. For investing, studying or working abroad. This is probably the best bank account for international students because it is entirely in English, starting from applying online in English, ... 2. How to Transfer Money Within Germany and Abroad, How to Open a Blocked Bank Account in Germany, How to Transfer Money to Blocked Account in Germany, How to Open an N26 Bank Account in Germany, Factors to Consider When Opening a Bank Account in Germany. Formerly Citibank, this bank also provides with an online banking website as well as a bank branch. 8 Steps to Study in GermanyHow To Apply To Study in GermanyGerman Education SystemRequirementsUniversities in GermanyInternational ProgrammesFinancing Your StudiesGerman Student VisaGerman Health InsuranceGermany Blocked AccountLearn German GuideGerman CitiesCost of LivingGerman Culture. You need a blocked account. Requires a smartphone to use the account. Below is a list of best banks for students which provide added benefits. For transfers outside the SEPA area, we recommend TransferWise (cheap international … For students between 18 and 27 years of age only. Please advise. But of the two of them, I think N26 … Download our guide for free and join our email newsletter to receive our latest articles and news about studying in Germany via email, along with regular scholarships, study abroad opportunities and offers. Although the question of whether you really need to open a bank account might arise, let us tell you that a German bank … To open a bank account in Germany, you should provide the following documents: To open an online bank account in Germany, you will also be required to verify your identity. Studying-in-Germany.org is the largest information portal about studying in Germany for foreign students. Guide with a comparison between Fintiba, X-patrio or Deutsche Bank blocked account and process what is a blocked account and how to open a student blocked account from your home country. You can sign up and get verified online, all without a local address or visiting a branch. Students in Germany are generally looking for two things from their bank account: A bank with an easy-to-use app. But, don’t worry, we’ve got you covered. Check the detailed step by step instruction with screenshots and English translation for opening a Postbank Giro plus account online for students. GLS Bank, Bochum Hamburg Commercial Bank (formerly HSH Nordbank), Hamburg / Kiel (dual seat) List of Best Banks for Students and Trainees. Therefore, you can have a Euro currency bank account even after you leave Germany. In Germany, there is a ‘three-pillar’ banking system consisting of private commercial banks, public savings banks (Sparkassen and Landesbanken), as well as cooperative banks (Genossenschaftsbanken). General bank … i want to open an blocked account in Fintiba, doe it allwed by german consulates and embassy? Powered by WordPress.org. Features of DKB Cash bank account for students: Postbank also provides a good service bank account and is free for students of any age. Therefore, this is the easiest and the best option for someone new in Germany. Each bank should provide you with a full list of fees when you open an account or have the information readily available online. We publish news about the latest German higher education system changes and education policy updates, as well as a vast amount of informational content, articles, and research about studying in Germany for international students. . Will be running a full review on Fintiba shortly. What makes it interesting is the joining bonus for new customers. Benefits / Bonus: Some Banks provided added benefits for students, such as a free VISA credit card, or joining bonus as cash benefits. Once you are not a student the cheapest bank account with DB will cost €5.90 per month. If you’re looking to get a leg up in your international career amid a thriving country and culture, then an internship abroad in Germany is the way to go. Why? Apply by Sept 30, 2014 and get €25 joining bonus. The N26 account is also called the smartphone account as it allows the use of the account only if you have a smartphone. 4. However, some bank also provides a VISA or MASTERCARD Credit card for students which is very useful since you can make online purchases from websites. Free for everyone (student or not) under the age of 22 and students/trainees (on internship) of any age (no upper age limit). Therefore, there is no added benefits for students. While some banks are open to working with expats, there are others that tend to be unwilling to do so, due to lack of credit history. Some embassies require that the student open a blocked account (sperrkonto), which you can do at Deutsche Bank, Fintiba or X-patrio. Problems in opening an account for citizens who cannot do PostIdent (e.g., India, Pakistan). All the listed bank account are free for students in Germany. What should you do in case of loss of card? Apart from these, you can also find a variety of international banks, online and mobile banks in Germany, which are user-friendly and make banking fairly simpler. from 6pm to 8pm, or 8pm to 8am or on all day on weekends etc,). Free Girocard with free access to over 2,900 ATMs of the, Free account management – even after graduation, Free account management – no minimum cash receipt, €50 starting bonus ( if at least 5 transactions of 25 euros each month for the first 3 months), Free banking, no minimum cash input required, Free cash withdrawals at cash machines with pool girocard, MasterCard classic (free if usage of € 4,000 per year otherwise € 20 p.a), Worldwide free cash withdrawal of up to 5 times p.m with the MasterCard classic. Opening a German bank account is one of the first things you should do once you move to Germany. 1822 Direkt is an online bank with an always free bank account and provides added benefits for student account for students aged 22 to 26. Features of Commerzbank startkonto bank account for students are, To read more and open Commerzbank startkonto bank account for students click here. English speaking customer service and English internet banking. Even if you already have a blocked account, it would advantageous to open another checking bank account (Girokonto) for the daily transaction. The documents are, in turn, signed and sent to the bank. To increase your chances of getting admitted at a Germany university, learn more about the requirements for international students, and best prepare yourself for studying and living in Germany, check out our FREE guide for international students. To read more and open a Postbank Giro Plus for students click here, For students between 18 and 27 years of age, Volkswagen bank provides a girokonto with the following services, To read more about Volkswagen Young Giro students account click here. Bank charges in Belgium vary across different banks for the various services that they provide. The Advanzia bank Free Mastercard Gold credit card offers a lifetime free Credit card with free foreign usage without any transaction charges, Mastercard Gold benefits including free travel insurance, and best option for students and expat new in Germany. What these banks have in common is that they are all part of the Cash Group, meaning ATM withdrawals are free if you bank with them and use their ATMs. Most German banks are of high integrity and offer similar services, but fees vary widely and some are much friendlier to expats. Apply for DeutscheBank Students bank account. Valid till March 31, 2016- open a free Commerzbank account and get upto €175 euro as cash bonus and 11,000 award miles from Miles and More till March 31, 2016. Your email address will not be published. Moreover, it one of the few websites with provides English language service by provides English language online banking website. Always read the fine print or look out for such charges. Studying in the UK is expensive for both domestic and international students, so it is important that you choose a good student bank account that can help you to maximise your money. This type of account can be opened by both, German residents as well as non-residents. Since it has branches in all cities, you can verify your identity at the bank branch closest to you. Commerzbank is one of the big banks with branches and not a direct internet bank, therefore, you will always have a bank branch to go in case you need assistance. Features of Targobank starter-konto bank account for students are, To read more and open a Targobank Starter-Konto for students click here. The tradition in Germany has long been to buy financial products from one of the very many banks here. See other best Credit Card promotional offers and Deals in Germany, Copyright © 2014 Banks GermanyTheme created by PWT. This is probably the best bank account for international students because it is entirely in English, starting from applying online in English, English video verification to using the bank account on an English language mobile and web app. This account also provides a free credit card (Prepaid Card) along with the account. Before you make your decision on the type of account you want to open or which bank you want to opt for, make sure you consider a few factors regarding the services, branches, ATMs, and fees. This bank has a large network of ATMs, which makes money accessible and the bank particularly convenient. Features of ComDirect Girokonto bank account for students are, Read more about ComDirect Bank here or apply online now. Sitting squarely in the heart of Central Europe and home to over 80 million citizens, it isn’t hard to see why Germany … Here are a few terms you should know when it comes to banking in Germany: Other articles you might be interested in: Free E-Book: The Essential Guide to Studying in Germany for Free. Commerzbank … Keep a lookout for joining bonus offers. Update your info. List of credit card providers with free credit cards in Germany. It is a public regulated bank based in Munich, and as so it offers private and commercial customers a variety of services. N26. As one of the biggest banks in Germany, this bank is highly-regarded for its customer service, accounts, and site dedicated to English speaking customers. Agreement with Bank of America, free cash withdrawal in DB ATM’s using BoA card, Free account with no monthly minimum input, no hidden costs, Free cash withdrawals with Visa Card (available worldwide), Open to students 18 years and above (no upper age limit) (student age >18), Free account with no monthly minimum input, Free Visa card and Free cash withdrawal using VISA card, €50 starting bonus ( at least 2 salary deposits in the first months, regular use of bank account). Free withdrawal in any of the 25,000 SparkasseATMs, Free cash withdrawal in European countries with euro currency with the credit card, Free Visa credit card Young (if monthly deposit is €500). A worthy option, I’d say! Bank account for students and trainees in Germany. You can create a free account online within minutes with TransferWise, where you can send and receive money in different currencies. You can find an overview of the countries for which a student visa is or isn’t required on the Foreign Federal Office’s website. However, regardless of which bank you choose to open your account with, you will be required to provide a complete set of documents. Germany has become a popular destination for international students, which is proven by the fact that it has the third largest international student population in the world. You can study in Germany on fully funded or partially funded scholarships. Now open to residents of Greece, Spain, Slovakia, France and Ireland. Proof that you are a student (if you’re opening a student account). Banking in Germany Germany has a three-pillar banking system made up of private commercial banks, public savings banks (Sparkassen and Landesbanken) and cooperative banks (Genossenschaftsbanken). Recommended if you want a simple bank account for basic activities during your short stay in Germany. Therefore, make sure you qualify as a student for the bank. Commerzbank has a wide range of branch networks especially dedicated to customers. So, sooner or later, you will need to open one, so it is better to do so as soon as you move to Germany. From quick review official website of German embassy in India and Pakistan list Fintiba as accepted bank account. Your account may come with a small overdraft (under £100) but unfortunately, as an international student, you probably won't be able to apply for a big one.. Bank accounts aimed specifically at international students … And Revolut and N26 offer them both. Open a free German bank account with free MasterCard. For the latest happy hour offer, check here. German tax identification number (IdNr) German business identification number (W-IdNr. Pakistan – http://www.pakistan.diplo.de/Vertretung/pakistan/en/06Legal/2__visa__longterm/2__Study__visa__Seite.html India – http://www.india.diplo.de/contentblob/3589060/Daten/3726486/sperrkonto_neu.pdf. DeutscheBank is the most well known and most used account by students, mainly because they have English speaking customer service and a fast opening of the account. Initial deposit (the minimum depends on the bank of your choice). 1. You can also get a Mastercard debit card if you are a German resident. They are a good source for information on the services and goods that are offered. Advantages of each free credit cards and compare the charges and information about the free credit card in Germany. Your email address will not be published. Both German and international students are entitled to receive this loan, in accordance with §8 BAföG (see the chapter "BAföG"). Basically, these major banks cooperate as the Cash Group and allow free withdrawals from one another’s ATMs. Click here for detailed information on how to open a blocked students bank account and comparison of different blocked account. Postbank Giro plus. Opening a German bank account is one of the first things you should do once you move to Germany. German banks tend to offer both, general current accounts as well as specialized accounts (for students and youth). Therefore, you can still maintain the bank account after you have completed your studies. So make sure to close the account when you finish your university studies to avoid incurring the charges. same here i need to know about the fintiba too . Cards: All the banks provide a Geldkarte (ATM Card) and most of them provide an EC/Maestro Card. Although the question of whether you really need to open a bank account might arise, let us tell you that a German bank account is a necessity when it comes to renting an apartment, receiving a salary, or even purchasing electronics. Just like the majority of expats, you must also be having questions when it comes to the procedure of opening a German bank account or even how banking in Germany works. Apply for Free credit card before 19 April 2015 and get joining bonus of €30. Fill in the application form with all of your … Additionally, some online banks issue MasterCard or Visa, which in turn allow individuals to use any cash machine that has the MasterCard or Visa logo. This is because it is free of charge and there are added advantages or benefits provided for a student which you may be missing out on in your Deutsche bank blocked account Sperrkonto. In Germany, there are generous provisions for students, including a range of … I had no idea there were so many banks in Germany, let alone banks offering free accounts for students. The fully online bank N26 (formerly called Number 26) provides the most modern facilities and also provides a free bank account. Wish I had seen this when I first came to Germany. BayernLB, or Bayerische Landesbank, is one of the six Landesbanken or state-owned banks in Germany. Open a ComDirect Account Online – Detailed Instructions, Open a Commerzbank Account – Instuction with Screenshots, N26 – The best bank account for newcomer and foreigners in Germany – 2020 Review, N26 Account Opening – Detailed Instuctions, Open a Postbank Giro Plus – Instuction with Screenshots, Open a Postbank Account Online – Screenshots, Open a Commerzbank Account online – Screenshots, Open a ComDirect Account online – Screenshots, Open Comdirect bank account for non-residents. 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