How to Open a Free Bank Account in Germany for International Students

Opening a bank account is one of the first steps when you move to Germany. This article on German bank accounts helps international students and newcomers find the best free bank accounts, understand the requirements, and choose the right option with no hidden fees.

Opening a bank account is one of the first and most important steps when you move to Germany, whether you are a student who wants to study in Germany, a working professional, or dependent spouse. Thankfully, opening a bank account in Germany has become easier over the years, with both traditional and online options available.

International candidates have to open a Blocked Account in Germany, which is a specific type of bank account that is required for students and job seekers applying for a German visa. 

Candidates looking for details on opening a German bank account to receive your salary, manage your daily expenses, or for savings, should read the article in detail. 

The article includes all details on the types of bank accounts, requirements, most important features, and compares the best free bank accounts in Germany for 2025. 

Types of Bank Accounts in Germany

It is important to know about the different bank accounts, if you are planning to study in Germany. Check the different types of bank accounts in Germany. 

Girokonto (Checking Account)

This is the most common bank account in Germany. You can use it to receive salary, pay bills, shop, or take cash from ATM. When people say “bank account” in Germany, they mean Girokonto.

Tagesgeldkonto (Savings Account)

This is a savings account. It gives better interest than Girokonto. You cannot use it to pay bills. You need a Girokonto first to open this. Good for extra money or emergency money.

Festgeldkonto (Fixed Deposit Account)

This account lets you keep money safe for 6, 12, or 24 months. You get fixed interest.

Depotkonto (Securities Account)

Used to buy stocks, ETFs, or mutual funds. Not for daily use. Helps to grow your money over time. Linked with your Girokonto.

Also Read: How to Study in Germany Without a Blocked Account?

Requirements to Open a Bank Account in Germany

If you want to open a bank account in Germany, you need some things. Knowing them helps you open account fast.

• German Address (Anmeldung): The German local address is mandatory for opening the bank account in Germany. 
• Valid Visa or Residence Permit: You need a student visa, Blue Card, dependent visa, or residence permit. Some banks may say no if your passport is from some countries.
• German Phone Number: It is important to keep working and valid German mobile number. 
• Tax Identification Number (Steuer-ID): You get this number from tax office after you register in city. Many banks ask it when you open account.
• Schufa Score (German Credit Score): Some banks check your credit score to see if you are good with money. If you are new in Germany and have no credit history, some banks may say no. But not all banks check Schufa.

Also Read: Education Loan for Studying in Germany

Most Important Features to Consider

There are some important things to check while opening the bank accounts. This helps you pick the best account for your needs.

• Monthly Account Fee: Some banks charge monthly fees. So, it is advised to verify these details while opening a bank account in Germany. 
• Physical Branch vs Online Banking: The choice of online or offline opening of bank account is a perosnal choice. Just verify the details of the banks. 
• Free Cash Withdrawals: Check how many free ATM withdrawals you can do in a month. 
• Debit or Credit Card Options: Most free accounts give a debit card (Visa or MasterCard). Some banks also give credit cards with cashback or rewards.

Also Read: Top Student Checklist Before Moving to Germany

Best Free Bank Accounts in Germany (2025 Comparison)

Minimum income rules and features may change. Always confirm on the official website.

What If You are a Spouse or Dependent Visa Holder?

If you are on a dependent visa and need to open an account:

• Pick a bank with no income requirement (like C24 or Revolut)
• If minimum income is required, make a monthly €700 transfer from your spouse's account
• Avoid banks that are strict about Schufa checks or job contracts

Even students and dependents can open bank accounts. You just need the right provider.

Also Check: How to Study in Germany for Free?

Best Recommended Bank Account in Germany

Best Overall – C24 Bank

• Unconditionally free
• No Schufa check
• Free MasterCard debit card
• Solid cash withdrawal options

Best for Students – DKB (if accepted)

• Student-friendly
• Free under age 28
• Unlimited Visa ATM withdrawals

Best for International Use – Revolut

• Free Euro account
• Global card
• Works well if you also travel outside Germany

Note: DKB has a high rejection rate for international students with no German credit history.

How to Open a Bank Account in Germany

The simple steps to open a bank account in Germany are: 

• First, choose a bank and check if you can open account there.
• Go to bank website or visit bank branch.
• Fill form with your name, ID, visa, and phone number.
• Do identity check by video call or at post office.
• When done, your account is ready and bank will send your card.

Some banks are good for new students or new people. Some need income and some don’t need credit score. Check fees, ATM use, and other rules. If not sure, try C24 or Revolut because they are easy and no hidden fees.