How to Open a Bank Account in Berlin: A Step-by-Step Guide for Expats
Opening a bank account is one of the first tasks for anyone moving to Berlin. Whether you’re an expat, student, or young professional, having a local bank account makes life easier—from receiving your salary to paying rent. This guide will walk you through the process of opening a bank account in Berlin.
Why You Need a German Bank Account
In Germany, many daily transactions require a local bank account. Employers, landlords, and utility providers often prefer or require payments from a German account. Additionally, having a German IBAN facilitates tax payments and online shopping.
Types of Bank Accounts in Germany
- Girokonto (Current Account): The most common account for daily transactions like receiving wages and paying bills.
- Sparbuch (Savings Account): Used primarily for saving money with limited withdrawal options.
- Geschäftskonto (Business Account): Mandatory for freelancers and business owners.
- Tagesgeldkonto (Instant Access Savings Account): Ideal for short-term savings with better interest rates.
Documents Required to Open a Bank Account in Berlin
To open a bank account, you’ll need the following documents:
- Valid passport or national ID (EU citizens)
- German residence registration certificate (Anmeldung)
- Tax ID (Steuer-ID)
- Proof of employment or student status (varies by bank)
- Sometimes: SCHUFA credit check for long-term accounts
Step-by-Step Process to Open a Bank Account
1. Choose the Right Bank
Berlin offers both traditional banks and modern, digital-only options. Popular traditional banks include Deutsche Bank, Commerzbank, and Sparkasse. Digital banks like N26 and Vivid Money provide flexible, app-based services in English.
2. Schedule an Appointment
While many digital banks allow online sign-up, traditional banks often require an in-person appointment. Contact the bank to book an appointment, especially if you need English-speaking staff.
3. Prepare Your Documents
Ensure you have all the required paperwork. Missing documents can delay the process.
4. Attend Your Appointment
During the appointment, the bank will verify your identity and documentation. You might need to sign multiple forms, including the data privacy agreement.
5. Receive Your Account Details
After approval, you’ll receive your account number, IBAN, and online banking details. Expect your bank card to arrive by mail within a few days.
Best Banks in Berlin with English Services
- N26: Digital bank with full English support, user-friendly app, and easy online account setup, perfect for expats and digital nomads.
- Deutsche Bank: Traditional bank offering a wide range of financial services with English-speaking staff and international banking solutions.
- DKB (Deutsche Kreditbank): Online-focused bank with free ATM withdrawals worldwide, English support, and a highly rated mobile banking platform.
- Revolut: Digital-only bank with excellent English support, multi-currency accounts, and fast online sign-up, ideal for frequent travelers.
Best Banks in Berlin Without English Services
While many expats in Berlin seek banks offering English services, some of the most established and reliable banks in the city primarily operate in German. Choosing these banks can often mean better local rates, extensive branch networks, and comprehensive financial services, but it requires a certain level of German proficiency or assistance from a translator. Here are some of the best Berlin banks without English services:
- Sparkasse Berlin
As one of Germany’s largest savings banks, Sparkasse offers extensive services, from current accounts to loans and mortgages. Although their online banking and customer service are mostly in German, their reliability and large branch network make them a top choice for residents willing to navigate the language barrier. - Berliner Volksbank
Known for its community focus, Berliner Volksbank offers various personal and business banking solutions. Their customer service is friendly and personalized, but most communication is in German, making it ideal for expats confident in their language skills. - Postbank
A popular choice due to its widespread availability, Postbank provides affordable banking services, including current accounts and savings plans. However, their online platform and in-branch services are predominantly in German. - Commerzbank
While Commerzbank does offer some English-language support, many of its detailed banking services, forms, and communications remain in German, making it essential for expats to have a good command of the language or seek assistance.
Choosing a bank without English services can be challenging, but it often comes with advantages like better local rates and comprehensive financial products. Expats aiming to integrate fully into Berlin life might find these banks a worthy option.
Bank Fees to Consider
German banks often charge fees for account maintenance, ATM usage, and international transfers. Common fees include:
- Account maintenance: €0–€10/month
- ATM withdrawals (other banks’ ATMs): €2–€5
- International transfers: Variable, depending on the bank
Tips for Expats Opening a Bank Account
- Get Your Anmeldung First: Most banks require a residence registration.
- Check for English Support: Digital banks like N26 offer services in English.
- Understand Your Fees: Compare maintenance fees and international charges.
How We at KUMMUNI Can Help
At KUMMUNI, we know that navigating administrative tasks like opening a bank account can be overwhelming, especially when you’re new to Berlin. As part of our commitment to supporting expats, we provide not just housing but also essential guidance for settling into life in the city. From accommodation to understanding local bureaucracy, our active community and customer support team are here to help.
Opening a bank account is one of the first tasks for anyone moving to Berlin. Whether you’re an expat, student, or young professional, having a local bank account makes life easier—from receiving your salary to paying rent.
