What makes this bank account even more attractive: It’s completely free of charge! So we do not have insight into your financial history. List of banks operating in Germany including business focus, customer rating and total assets. British bank HSBC is still the top largest bank in Europe, with a balance sheet total of $2,470 billion. At DKB there are some more benefits such as worldwide cash withdrawals free of charge, no foreign exchange fees for non-Euro payments, up to 20% cashback in selected online shops, an emergency package in case you lose your card etc. Thank you so much for your time, Hi Ana, The bank account comes with a free debit card and you can withdraw cash free of charge at CashGroup ATMs (Commerzbank, Deutsche Bank, HypoVereinsbank & Postbank). you can learn about banks history, swift codes, financial status and what are the Top Banks around the world.. China Development Bank December 26, 2019 thank you for your message. Contact I am a English speaker and learning German but wish to either manage my account on line or visit a English speaking branch to further develop my banking in Germany.. Thanks in Advance! However I would recommend to check also other alternatives, as the Deutsche Bank account is only free of charge if you are a student and 30 years or younger (otherwise 5.90 EUR/month). They have a lot of branch offices in Germany and often with English-speaking staff. I find it very helpful and beneficial. The main benefits of being an active customer are: – no foreign transaction fees (as a passive customer you pay a 1.75% fee on payments in a currency other than Euro) Hope this helps! I am not EU resident so I showed my resident permit and passport etc while opening an account at commerze bank. you do not receive payments of at least 700 EUR/month, the conditions of “DKB-Cash” are still very good. However as you have shared custody for your daughter, both parents will have to sign the banking agreement.    Banking app available in German and English    Apple Pay & Google Pay supported The 100 largest have $13.8 trillion in assets, representing 78% of … Unfortunately this has changed in May 2020… However the good news is that the bank account is still free of charge if you are younger than 28 years or if you receive a monthly payment of at least 700 EUR (for example your salary). I had a terrible experience with the Commerzbank after having switched to them from the deutsche bank because of their free current account offer; to find them completely unaware of such a service that I already enjoyed for years in the deutsche bank of 3 additional free sub accounts. New in Germany and looking for a best German bank account, or looking to switch to a better bank account. Dear Faten, Is there a bank that has accounts for kids? Kind regards, This bank was also our runner-up for the best bank overall, so it may be a good choice beyond the millennial demographic. Deutsche Bank is one of the biggest banks in Germany. Re. can i bank with peace of mind with them,since they don’t have physical presence or branches. Niederlassung Frankfurt, Frankfurter Bankgesellschaft (Deutschland) AG, Fürstlich Castell'sche Bank, Credit-Casse AG, GarantiBank International NV Niederlassung Düsseldorf, Goldman Sachs International Bank Zweigniederlassung Frankfurt, Hamburgische Investitions- und Förderbank, Hausbank München eG Bank für Haus- und Grundbesitz, HOIST Finance AB (publ), Niederlassung Deutschland, Ikano Bank AB (publ), Zweigniederlassung Deutschland, Industrial and Commercial Bank of China Limited Frankfurt Branch, International Card Services BV, Niederlassung Deutschland, Intesa Sanpaolo S.p.a. Filiale Frankfurt Am Main, Investitions- und Strukturbank Rheinland-Pfalz (ISB), J.P. Morgan Bank Luxembourg S.A., Frankfurt Branch, J.P. Morgan Securities plc Frankfurt Branch, JCB FINANCE S.A.S. Sparkasse, Commerzbank, Deutsche Bank) and ask for a “Basiskonto”. Needless to say, that they of course offer their online banking in English, German and French. in the current situation with a lot of public authorities being closed I would talk to the bank and check with them if they also accept the tax number certificate. when you are unemployed it’s usually quite difficult to get a loan from banks… However if you are already a customer with a certain bank since quite some time, chances might be better to get a loan for starting your business. Otherwise a monthly fee of 4,90 EUR applies. Free Credit Cards in Germany List of Free Credit cards for review and easy to apply for a foreigner. if you have already an account at Deutsche Bank it definitely makes sense to check their loan offerings. I’m planning to shift my account from a Sparkasse to N26 soon and your detailed article helped me a tremendously. Regarding your questions: 1. first of all, sorry for the delayed response to your comment… Top 10 Banks in India 2019 – Public and private sector Banks    Cash withdrawals outside of the Eurozone cost 1.7%.    Free debit card and free credit card with contactless payment (Visa) 1. Landesbank Hessen-Thuringen (Helaba) This is the 9 position bank in terms of asset controlled and … They take monthly charge. Hello, I need your best recommendation for a bank account for a fresh student 18 years old. However it might be easier for you to open a new account at Deutsche Bank in Germany, as they already know you as a customer.    Free cash withdrawal in the eurozone Cash withdrawals outside of the Eurozone cost 1.7%. Regarding your question in regards to the difference between the normal ING bank account and the student account: there is no difference. Only their “Young Account” (“Junges Konto”) for students up to 30 years is free of charge. microcredits) and every time you use your Tomorrow credit card, a portion of the so-called merchant fee (the fee that the merchant pays to the bank) is put into international climate protection projects by Tomorrow Bank. thanks for your question. Here is for example a comparison calculator for car loans 12-step programme Two British bankers are on trial in Germany’s biggest tax case Big global banks could have to repay millions made in “cum-ex” deals Finance & economics Sep 21st 2019 edition Out of the top 15 largest banks by total assets, four are Chinese and total of six are headquartered in Asia. Moustafa, Dear Moustafa, we have one question please. Please get in touch with me, in case you have further questions. Dear Mohammed, He has already a blocked account. Deutsche bank and commerz bank were both in crisis from what i read. Here are the best banks in Germany: Deutsche Bank. Now since you have my bank accounts history as well as my Residence Permit status in Germany, I’m looking forward to your answer to a couple questions. I wanted to open an account in commerce bank just to save monthly fees which in case of DB i had to pay. Could you please enrich this article with more information on which banks offer free sub accounts alongside the main account? You can then transfer money from your bank account to your brokerage account and vice versa. You can deposit up to 999 EUR/day and the fee for depositing cash is 1.5% of the amount you’re depositing. FYI: I applied to DKB and they rejected me, and of course you can’t email or anything to enquire for reasons! I tried to search for the same info on the “DKB Cash” account but could not find it. you’re an entrepreneur or freelancer) I would recommend a business bank account. I’m really curious about which bank account I should open, but I heard some friends who recommended Deutsche Bank for me. Check out our comparison for the best savings accounts in Germany. This is very valuable input for the readers of this article! There are more than 5,000 banks and savings institutions in the U.S., but assets are concentrated at the top. The 100 largest have $13.8 trillion in assets, representing 78% of total U.S. bank … Therefore, I am thinking right now to switch to ING or maybe you can suggest me which other bank could be absolutely the right option? Dear Wali, N26 €700/mth; DKB 1000/mth) – Is it calculated as an average of total earnings over a year or does it have to be a monthly earning? The required papers for opening the bank account with N26 depend on your nationality. Is it possible to state whether they require the residence permit or is the registration certificate enough? which bank will you recommend for employees ? ICBC, a state-owned commercial bank, is the largest bank in the world in terms of total assets, deposits and number of employees. I want a bank easy to handle , fast openning account , english speaking with online service in english and no fees , i don’t know also if commerzbank allow you to withdraw money free of charge outside germany ? Dear Dominik, Check out for example Hypofriend. 1- What bank is the best when it comes to Car loans and Private loans as well? This tool within the online banking portal automatically categorizes your transactions so that can easily keep track of your financials: Here’s a summary: Completely free of charge (no monthly fees) I really confuse right now, as the banks here in germany dont really give much info for some special cases.    Completely free of charge (no monthly fees)* All the best For more information check for example this guide https://bankenverband.de/media/publikationen/13012016_Kurzinfo_ELS_engl_web.pdf (You’ll see that Commerzbank is for example also included there). Dear Rafael, 1. Active customers also do not pay a foreign transaction fee if you pay with the credit card in a currency other than Euro (e.g. This overview will help you to identify which documents you will need to provide. 1,000 EUR, however the bank account itself is still free of charge without any monthly charges. Some of them still might offer free cash deposits. Now coming to my question (could not find exact scenario like what i am looking for in the above thread, so posting it. N26 checks this every two months and DKB every three months. This has been a guide to Top Banks in France. Dear Tintu, And don’t worry about changing your bank account… Both, Commerzbank and N26 offer a free bank account switching service. Find out more in this article.    Open your account easily from your smartphone via VideoChat I would say… WOW! After opening a Commerzbank you can also apply for a free Mastercard. You can deposit cash via “CASH26” at retail partner locations across Germany (e.g. The best thing I ever did was get a TransferWise Borderless account (EU IBAN) just by using my Passport + Creditcard. Once you have that you should be able to open a bank account at any bank. Persons without a residence permit who cannot be deported due to legal or factual reasons (persons with a suspension of deportation) are also entitled to hold such an account. I would give it a try… If they come back to you, just let them know that you’ll start with your new job soon. Basiskonte (Basic payment account) – According to the German banking/finance regulator “BaFin” you can open a basic payment account, when you qualify for one of the below requirements: You can find more infos regarding this topic on the BaFin website. Re. Regarding your question about nominees, this is something you would have to check with your bank how they handle this. Thanks. Hong Kong’s banking system is a three-tier system consisting of licensed banks, banks with a restricted license, and deposit-taking banks. Thanks in advance. You would need a checking account to do the regular transaction from your bank, like pay the rent, use ATM card etc. Deutsche Bundesbank, Frankfurt; European Central Bank, Frankfurt; Local banks. The bank account is completely free of charge, comes with a free metal Visa debit card and cash withdrawals of up to 200 EUR/month are also free of charge (above 200 EUR a 3% fee applies). the reason why I haven’t included Deutsche Bank in this comparison is because they currently don’t offer a bank account that is generally free of charge. In addition to that they have a very good banking app so that you can easily manage your account on your smartphone. Today, Germany is the fourth largest shareholder of the World Bank. Also do you know about a bank which allows a nominee ? Do you know anything of this? What does it mean a passive customer? Thanks for all your efforts giving us all possible information necessary. We are looking to open a bank account. My husband and I have moved to Germany from India as freelance dance artists. No disrespect to Dominik, but it is not true his answer is inaccurate, or at least incomplete. in assets. If you are not a student or older than 30 years the bank account costs 6.90 EUR/month (this account is called “AktivKonto”). Here is a list of the top 10 Banks in Qatar which are as follows: 1. However if you are a student, the Deutsche Bank account is of course a good option. For that reason, DBS is named as the world’s best bank by Euromoney in 2019. This makes it easier for you to deposit your cash money on your bank account. Any benifit in this case? I would check with Deutsche Bank if your account is still active or if they can reactivate it (depending on how long ago you have used it the last time…). For payments in foreign currencies there are no fees. The bank account is free of charge and both account holders get a debit and credit card free of charge. sorry to hear that you didn’t have luck with DKB… Have you already tried to call them? The “traditional” banks like DKB or ING don’t really offer something similar. I am self-employed. Some of these basic accounts are for free, others cost you a monthly fee. In N26 paid plans there is an option for 10 sub-accounts (they call them “spaces”). in that case I would recommend an N26 bank account for the following reasons: – You can open the bank account easily from your smartphone Since then I’ve been using both accounts and have a good history in both Dear Dayo, In other words, which is best to be used where (travelling, shopping online/in store, dash withdrawals e.t.c). I have no job but I received regularly cash money. Finding the Best Bank in Germany. I need both loans (at least car loan is a must-take for me).    Free debit card (Girocard) and free credit card (Mastercard) Read this article to find out how to get your Schufa report. Sorry in case I missed your reply to same question). Hope this helps! Any advice? My requirement is that I use this account only for investment and then transfer the money to my home country using 3rd party applications like Transferwise. Headquartered in Frankfurt, Germany, Deutsche Bank is the largest bank in Germany and the fourth largest bank in Europe.    Free cash withdrawal worldwide (for “passive customers” only within the eurozone) Sub-accounts without an own IBAN For more information check for example this guide https://bankenverband.de/media/publikationen/13012016_Kurzinfo_ELS_engl_web.pdf (You’ll see that Deutsche Bank is for exampler also included there). I have a question if you do not mind answering. The French bank Crédit Agricole ends the list of TOP 10 of the biggest world banks. Just go to a Deutsche Bank branch office close to you and ask them. If they refuse to accept you as a customer, simply ask for a “Basiskonto”. The fifth major UK-based bank, Standard Chartered, operates primarily in Asia and Africa. The only difference is that you can withdraw cash for free only in the eurozone (outside you pay a fee of 1.75%) and for payments in a currency other than Euro you pay a foreign transaction fee of 1.75%.    Apple Pay & Google Pay supported TheBanks.eu, a leading information resource about European banks But stay tuned, an article about how to open a basic bank account will be published soon! We have have blocked accounts and did not open a current account (Girokonto) yet because we have to wait for the (Steuernummer). List of Top 10 Banks in Qatar. Thanks in advance. However, state banks will usually open an account for you such as Spaarkasse of any given state or BW bank in the state of Baden-wuerttemberg. Now i am not sure either i keep deutsche bank or opt some other bank in order to save additional fees and costs. Will you help or give me some advice Mr. Dominik? To help you choose the best online bank in Europe that suits your needs we have compiled this list of top European banks for 2019 online banking. And this cash I putting in my account regularly but for me my bank is to complicated to used specially my German is not that good.    Free of charge if you are a student and 30 or younger (otherwise 6.90 EUR/month) That was immensely helpful and thanks a lot.    Open your account easily from your smartphone via VideoChat J.P. Morgan & Co. Cash withdrawals are worldwide free of charge, but it’s a bit trickier: In Germany you can withdraw cash free of charge with your debit card at Cash Group ATMs (Commerzbank, Deutsche Bank, HypoVereinsbank & Postbank). Since 2011, the bank has been included in the list of systematically important banks. A very useful feature is the so-called “Finanzmanager”. Because the residence permit would take decent time before I receive it, I decided to look at other online banks and I was thinking of ING Student/Basic but I have not gained any information regarding the requirements for legitimisation. I have not experienced other banks saying that. The bank was founded 1990 and serves now over 3 million German customers. The top three banks in Europe, based on figures for 2017, have remained unchanged. The ranking of the top 10 best Investment banks in the world was done based on their revenue. There are a number of banking businesses owned by retail groups, such as: I’m happy to hear that you liket this article In your special situation with not having the residence permit yet it’s nearly impossible to open an account remotely with the usual ID verification methods such as VideoIdent or PostIdent. You can find more details here. For example all the bank accounts presented in this article are free of charge. Private deposits up until 100,000 EUR are for example protected by a deposit insurance. What s the best bank account for student above 30 years old in germany? With over 140 million customers, 4 million shareholders and 195,000 employees, the company's top 10 main markets are Spain, Germany, UK, Portugal, Poland, Argentina, the U.S., Mexico, Brazil and Chile. Company annual revenue for 2018 was EUR 10.26 billion, which is up 2.5% from 2017. I already maintain my account in the Deutsche Bank but there are a lot of News that it might bankrupted. This bank offers numerous services which are convenient for students or other professionals. For the Commerzbank account cash withdrawals are only free of charge in Germany at CashGroup ATMs. The “DKB-Cash“ bank account is one of the best German bank accounts in terms of the conditions offered. Since my family has never been to Germany, i wanted to make sure the money will go to them in case something happens to me. The following are the largest European banks in terms of total assets. My qst is: I recently moved to Germany for postdoc and I have been actively seeking to open an account. The Deutsche Bank “Das Junge Konto” is a bank account specifically for younger people as it is completely free of charge if you are a student and 30 years or younger. Vivid Money is a relatively new bank that started to operate on the German market recently. I visited them against and explained this scenario of my student status and then future job etc but the accountant was reluctant to hear stuff and directly said it won’t change anything as for some nationalities it works like that. As a student, you will need both for living in Germany. 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