{"id":2735,"date":"2021-03-15T09:04:58","date_gmt":"2021-03-15T09:04:58","guid":{"rendered":"https:\/\/yurtdisindayiz.com\/?p=2735"},"modified":"2022-04-12T07:10:50","modified_gmt":"2022-04-12T07:10:50","slug":"opening-a-euro-bank-account-in-germany-for-expats-foreigners","status":"publish","type":"post","link":"https:\/\/yurtdisindayiz.com\/en\/opening-a-euro-bank-account-in-germany-for-expats-foreigners\/","title":{"rendered":"Opening a Euro Bank Account in Germany for Expats & Foreigners"},"content":{"rendered":"\n

Opening a bank account is essential for a person moving to Germany. Today, we will try to help those that just moved to Germany or who want to open a Euro bank account in Germany from abroad.<\/strong><\/p>\n\n\n\n

Opening a bank account in Germany is way easier than ever. With the new legislation enacted in 2016, you can now open a bank account with your passport and residence permit even without an official residence address in Germany. This has made it much easier for those who have just moved to Germany and staying in a temporary place in their first days.<\/p>\n\n\n\n

Opening a Euro Bank Account in Germany from Abroad<\/strong><\/h2>\n\n\n\n

Before moving on to other alternatives for those who are already living in Germany, let\u2019s talk about what you can do if you need a bank account for business or other purposes in Germany or in Euro zone.<\/p>\n\n\n\n

Opening a Bank Account in Germany via Transferwise<\/strong><\/h3>\n\n\n\n

Although Wise(formerly Transferwise) was basically created to ease international money transfers, it also meets international needs in terms of banking. With a Transferwise account, you can own a Euro IBAN address. It doesn’t matter where you live.<\/p>\n\n\n\n

In order to use a Transferwise account just like a local person would, you don\u2019t have to be in Germany!<\/strong><\/p>\n\n\n\n

\"opening-bank-account-in-germany-from-abroad\"<\/figure>\n\n\n\n

You can transfer your money that is in your German account to your local account with a very low transaction fee. The Euro account that you will own in Germany makes it easier for many of our citizens, especially for business purposes. <\/p>\n\n\n\n

You can save your money in more than 50 different currencies and keep them all in one account.<\/p>\n\n\n\n

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TRY WISE<\/a><\/div>\n<\/div>\n\n\n\n

Opening a Business Bank Account in Germany<\/strong><\/h2>\n\n\n\n

Transferwise also lets you open a \u201cbusiness\u201d account. With this, you can move all your business accounts to Transferwise and own IBAN addresses in countries such as Germany, UK and the United States and transfer your money between these accounts however you wish.<\/p>\n\n\n\n

Today, it\u2019s much easier to create an abroad bank account for your business. You can see different alternatives for opening a bank account abroad<\/a> in this article.<\/p>\n\n\n\n

How to Open a Bank Account in Germany?<\/strong><\/h2>\n\n\n\n

If you are not a German citizen, you need a valid residence permit and a passport in order to open a bank account in Germany.<\/p>\n\n\n\n

Banks usually require a certificate of employment from foreign citizens. A minimum monthly deposit requirement that may vary from bank to bank can be asked too. In cases where this requirement is not met, monthly account management fees can be charged.<\/p>\n\n\n\n

Because of this, alternatives to banks such as Transferwise are becoming more popular among expats.<\/p>\n\n\n\n

Which Bank to Choose From?<\/strong><\/h3>\n\n\n\n

For a person living in Germany and seeking a way to get rid of the account management fees and to use their account freely, we suggest Transferwise again.<\/p>\n\n\n\n

And if you\u2019re one of those who say that I can\u2019t break away from traditional banking, and just an online bank does not meet my needs, there are two types of alternatives for you in Germany. Federal and National Banks. State banks are active only in your state, while national banks serve nationwide.<\/p>\n\n\n\n

Among these, there are banks such as ING, which are international banks and have branches in many different countries in Europe. Let\u2019s list the most popular and recommended banks in Germany for you:<\/p>\n\n\n\n

Wise:<\/strong> \u201cWise Borderless Account\u201d is an alternative to banking that you can manage your money in many different currencies even without going to Germany. Especially if you don\u2019t think of getting a credit card, Wise can be your first choice.<\/p>\n\n\n\n

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OPEN A WISE ACCOUNT<\/a><\/div>\n<\/div>\n\n\n\n
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