DO NOT OPEN A BANK ACCOUNT IN GERMANY UNTIL YOU’VE WATCHED THIS VIDEO

[@Random131_]

For students, Deutsche Bank and Sparkasse have no monthly fees btw (Jungeskonto needs an enrollment certificate from the Uni)

[@vedachintha]

Only if you are under their age limit. If you are above 25, sparkasse will charge you 95 Euros per month.

[@thefunnyvlogger8218]

Sparkasse has monthly fees of around 8 euros per month

[@nandafrontado]

You got a new Fan today👏👏👏. Just formally moved to Germany from Spain, as well the same city😉 Thank you so much for this and the rest of your good so clear videos info. Grüßes und Dankeschön😀

[@mctapt]

I would not use Bunq since you only get a Dutch IBAN. Normally not big of an issue if you use it just for paying. Yet, many German companies do not like / allow direct debits on a non German IBANs. Normally, not allowed under EU law but still happens frequently since it does not work with the IT systems #noIBANdiscrimination

[@RGambo]

That the banks require SWIFT/BIC in addition to IBAN for SEPA transfers causes so much unneeded hassles ...

[@LNCRFT]

Something important to know about N26 is that if you’re not meeting the minimum standards for opening a bank account due to bad credit score, N26 does offer you a debit card but it costs about €8/month though.

[@cenk82]

Transferwise supports any number of sub-accounts, unlike N26. In N26, it is just 2 sub-accounts for the free version.

[@zorglub20770]

Even though I found it easy to open a bank account in Germany, it cannot compete with Canada. I opened an account with RBC and the customer service is outstanding. They speak zillions languages. As a French, it was not real plus for me in Quebec, but for non francophones or anglophones, it is a gem. Here in Germany it is a little more challenging,e specially the online service which is only in german. Same as for the tax return stuff. Probably the only country in Europe that ignores that the two official languages in Europe are English and French.

[@CokePaul]

The same feeling

[@alylyshua74937]

They do not have Euro accounts :(

[@HolterDiePolter]

Every in European Union spoken language is official language. Don't tell bs

[@HolterDiePolter]

@@AnarUto50 like so. Perfect point

[@HansLandaNaranja]

In Europe everything is in the language of the country you are in. Learn the language of the country you are in.

[@DinoPasic]

Oh, Germany is so complicated sometimes for us, that is frustrating. But most of us is having some reason why we are here...

[@juliaclaire42]

Sorry, but your aren't quit correct with EC-Karte, girocard and maestro. EC-Karte is the old name of a product now called girocard. This one is the big thing in Germany. If anybody accepts card, they accept girocard. Maestro is a debit card of mastercard. And this one isn't always accepted where girocard is. Be sure your card has the girocard symbol. That's the one that counts.

[@lifeingermany_]

Julia Claire you’re right! What I was trying to get at with my point was that none of these 3 terms refers to a creditcard in any way. Just trying to make that clear separation! 🙂

[@juliaclaire42]

@@lifeingermany_ it's important to understand the difference between a girocard and a maestro card. My butcher only accepts girocard. And cash. In Germany there aren't many real credit cards. Most cards come with a monthly bill that has to be payed - you don't get a credit for more than six weeks. And more and more VISA and mastercards are converted into debit cards. If you need a credit you usually have a 'dispo' and don't use a creditcard. Pay attention, the interest rate may be high.

[@lifeingermany_]

Julia Claire ahhh I know! And that can be so annoying sometimes - it took me a while to understand the difference. Our trams payment machines only took Girocard as well, but my bank debit card wasnt accepted. That’s a video in itself 😂🙈. Most of the expat-friendly banks automatically give you one debit card and one credit card nowadays. Either MasterCard or Visa depending on the company. I have an Amazon credit card simply for the points and I end up making a lot more money in points than the interest fees or the cost of the card which is great! 🙂

[@juliaclaire42]

@@lifeingermany_ The N26 maestro card isn't a girocard. That's one of the reasons I canceled my N26 account...

[@lifeingermany_]

Julia Claire can totally understand that!! Thankfully, now that the tram machines have since changed, I haven’t ever run into an issue of NOT having a girocard. 🙂

[@MagnificentGermanywithDarion]

As always thank You for your informative information. Nice video :).

[@johnbello5546]

Great video, thanks!

[@christianmasuchowski9791]

Ich bin ein Fan der Volksbank. Die haben einen sehr guten Online Service und auch recht günstig.

[@alidasoargomes2129]

If you are from Brazil: In order for you to open your N26 account, you need your physical VISA document. Here there are two types: the physical document, which you must get if you live here for more than a year; and the one that is like a passport stamp, you would normally get this if you did your visa in Brazil, or, as is my case, if you got the residence permit for only 6 months. (I went to extend my visa and this time I only got the stamp, and I will be here for another 2 years haha, it depends a lot on the state of mind of who will attend you). In the second case, you CANNOT open an account with N26.

[@lifeingermany_]

Thanks so much for this update, Alida!! Is there a bank you can recommend for Brazilians coming to Germany? 🥰

[@erocentereilat8624]

I do not understand.how can you deposit money to an online bank account?

[@mikestrikervlog5403]

Hello ma'am good day , may I ask something? The bank open in germany now?

[@pikurnya]

Hi ! I recently moved to Germany and I would like to know how I could deposit cash on my account in Greece, from Germany, not having a bank account in Germany. Thank you

[@lifeingermany_]

Western Union does this! www.westernunion.com/de/en/web/send-money/start

[@Soldier_of_Life]

Heeyy Life in Germany ☺ Just found your channel and i like your videos. Keep up the good work plus awesome helpful informations. I live in Bayern since 2018 but i dont have a german bank,its too much paperwork for me..

[@lifeingermany_]

Soldier of Life thanks so much! 🥰 I love you channel as well! A great sense of humour! A big hello from Düsseldorf! 🤗

[@razvanafloarei6256]

How does Commerzbank compare to DKB?

[@PeinTech]

btw, transferwise is the best transfer option tbh

[@lifeingermany_]

I like transferwise too! I used TorFX last time and was also great (more personal and they make sure that they beat others prices) but transferwise is a bit easier when it comes to doing the transfer itself

[@nomirrors3552]

3:36 If I want to have my debit card sent to my friend and they live in a small apartment building, can I put their name on the mailing address? They don't have apartment numbers and the postal delivery person only puts in mail that goes to the people listed on the mailbox.

[@indigoinkognito9878]

THE DEUTSCHE BANK IS A BANK FOR BANKS, TO MAINTAINE CORRESPONDENT ACCOUNTS, AND NOT FOR PUBLIC, IT'S JUST AN OPTION, THAT THEY DON'T REMOVED TILL NOW, BUT THEY WILL DEFFINITIVELY DO SOON OR LATER....

[@angiespeaksgerman4745]

Sehr gutes und hilfreiches Video. Weil das der erste Schritt zu erledigen ist, wenn man in ein neues Land hinzieht 🤓

[@amrimi8371]

I would never ever have a bank send my card to anyone else, because they will not only send the card but also the pin to use the card. So anybody receiving those letters will be able to use the card an spend your money. So be very careful.

[@user-wm2tw]

Too much half baked information. She never even mentioned visa requirement for opening German bank account.

[@melissaozmen7807]

Hi there, just wondering if anyone has had difficulties on closing old bank accounts with Haspa Hamburger Sparkasse? My late mother opened an account there while visiting Germany. She is of German descent but immigrated to Australia. I’am her daughter and the bank as made me jump through hoops to get it sorted.

[@saurabhshubham7345]

Is it possible to open a bank account only with Passport and Anmeldung?

[@lifeingermany_]

Yep! Try Vivid or Nuri 🙃 they should work!

[@saurabhshubham7345]

@@lifeingermany_ Not working 🥺

[@NinjatraderClearing-lz7sy]

@@lifeingermany_ does vivid or nuri have a deposit limit for transfer?

[@hartbigfan1714]

My dad actually used to work for deutsche bank and he quit last year because they do so much in english now and require everyone to speak perfect english and he has no real experience and wants to work maybe 2 more years so he didn't want to learn a "new" language 😂 so deutsche bank actually should be a good option for english speakers

[@lifeingermany_]

I also knew many at the bank who spoke English too, they just chose not to because they thought it was better for me to practice German in Germany - mind you, they made a good point! Haha It was more this particular branch! I think many of the online options are much easier for English speakers than going into a branch though. Just depends on what you’re looking for!

[@EK-gr9gd]

You should take some courses in "self-improvement" in the area of "self-confidence" etc. esp. in business and "legal" situations. It's no use to learn a language and to live in any country, and to be afraid of everyday life.

[@TheBalkenende]

I think moving to the other side of the ocean to a country not known for happy English speakers, is proof that this lady has more self confidence than most of us.

[@EK-gr9gd]

@@TheBalkenende There are different kinds of "self-confidence". One is willing to fight for you "immediate goals" and not always being adverse to conflict.

[@LeoInterHyenaem]

Thank you for the video. A question on N26 cash deposits. Is there an amount limit, and are these free? By the way, compliments on your German: you've been roughly about as long in the country as I have, but could wipe the floor with me in that regard with ease.

[@user-wm2tw]

You are a slow learner that’s why . You’ll catch up in about 25 yrs so no worries. 😁

[@doctorphil0078]

Danke für die Info. Ich habe eine N26 Here. Can I use that same account or must I set up new account? Thanks...I'll also check with the bank. Tschüss

[@lifeingermany_]

Where are you currently located? You will be able to use your N26 account if you're still staying in Europe I believe! :)

[@doctorphil0078]

@@lifeingermany_ Currently we are in the US California.

[@lifeingermany_]

Phil Hall Sr ahhh cool! I had no idea N26 was also in the US! I guess the biggest issue you’d face would be the conversion - since you’ll still be paying a fee to convert US $ into €... I’d contact N26 and see if they can open an EU account in addition! Would be cool!

[@lizleeentertainment]

Agree..they love a lot of papers one question 10 answers ..lol .

[@ifeanyiigwe6890]

Please I'm in Nigeria How can open a Germany bank account?

[@sdeditz6357]

For students which bank is best...?

[@SchoenbuchKarl]

You have to explain the difference from a Sparkasse per Volksbank

[@mikestrikervlog5403]

Hello ma'am good day,, have bank germany now is open?

[@SirDunbar]

Can you tell me a little bit about how bankruptcy is different in Germany than in the U.S.? Danke!

[@amandajaglal7397]

Hi do they freeze contractors banķ account ..

[@ninamuller-rc3lc]

Can you keep your bank from USA

[@collinslumumba2883]

Hello ..Sparkasse online is it free ?

[@adebolaotunaike1619]

Hello! thank you so much for the educative video, it means a lot to me since i am preparing to move to Germany next year but my question is that do this banks offer cheque books for current account as well. I'm abit confused since they are online and meaning they hardly have branches so this means there cant be cheque books right? In UAE where I am living at the moment we use cheques for virtually everything from rent to school fees etc.

[@lifeingermany_]

adebola otunaike I don’t believe you would get a cheque book at any online bank here in Europe. However, you will also likely never have to use a cheque books here. Monthly fees like school, rent, phone bills, etc. would often be taken directly from your bank account (you can set up automatic payments). Daily expenses like groceries, clothing items, etc. can be paid in cash, debit, or credit! Even deposits and down payments are paid now via direct bank deposit. 🙂 Hope this helps!!!

[@RGambo]

Yuck! In Europe, cheques have ceased to exist almost two decades ago, when the Euro was introduced as coins and bank notes. We have SEPA (Single European Payments Area - not only EU or countries withe the Euro, but all of Europe up to Iceland) and transfer money from your bank account to any other bank account in Europe. You only need the IBAN (International Bank Account Number) and for cross country transfers additional the SWIFT/BIC (which is insane, given that the IBAN includes country as well as bank and account numbers). You can either do this via online banking or a self service terminal. The local or regional organized groups of Volksbank and Sparkasse have ATMs and terminals in almost every small village throughout Germany. Some of the functions work only in the area of your Volksbank or Sparkasse, but you can withdraw cash (and in Germany, you'll definitely need that) at every ATM of that group in the whole country and it either costs nothing extra or only about two Euros). Postbank might do, too. Other banks also build groups, but you have to remember all banks of that group to know where your are NOT charged an arm and a leg (okay, probably around five Euro) for beeing at the terminal from the wrong group. And these other bank groups have even combined far less service points than Sparkasse or Volksbank alone. And for finding a branch of your bank, that is even worse.

[@freddy1989100]

@@lifeingermany_ I can give a tip I live in Germany at the DKB Bank is the current account free of charge and you can withdraw money at the VISA machines with the credit card of DKB free of charge also interesting for travel abroad. In addition, the bank is very safe.

[@guitarlickandlasson9192]

I want open bank account german but i live in Indonesia if can

[@raissohail92]

find branche of Deutche bank

[@MohamadSimo]

Thats not correct i am Swedish citizen and i tried to open a bank account in Germany but they refuse until i have valid address withing Germany

[@lifeingermany_]

Strange! With which bank?? I actually need to make a new video - I just switched to a new bank, Vivid … and it’s by far my favorite! In case you wanna check it out: bit.ly/vividbanking

[@DigitalDissident]

It's not like she didn't say already, multiple times in this video... that an address is required

[@Benmarzouk20]

Thanks 👍🏼😌

[@wanted2868]

Hello, how about revolut Bank account, are it's working on Germany and it is many ATM to use? Is it some details about?

[@lifeingermany_]

I compare Revolut to a number of other banks in our blog post here: lifeingermany.com/bank-accounts/ 🙃

[@welcometomyworld4926]

I'm buying Germany n26 350$

[@2dans3]

Nice introduction!

[@mdsr3580]

I watched half of the video but didn't get any info.

[@lifeingermany_]

Gotta give me a break, it was one of my very first KZbin videos on the web 🥰💛

[@zorglub20770]

Comdirect was nice but now their service is paying

[@meggi8048]

why would you move to germany anyways. i live there my whole life, there are better places :)

[@lifeingermany_]

Germany is beautiful! 🥰 I’m so happy to be living here!

[@meggi8048]

@@lifeingermany_ why

[@fardinchowdhury4997]

Can i as a 16 year old open a N26 account?

[@lifeingermany_]

No, for almost all banks (if not all), you are required to open an account with the registration of an adult. However, anyone 18+ can open an acct on their own. 🙃 So if you want the account now, you’ll need to have an older family member or relative as your “legal guardian” for the account. Hope this helps! 🙃

[@DinoPasic]

I ve got some new rules from Deutsche Bank, they want me to sign it... They are changing prices i think.

[@lifeingermany_]

They’re likely changing prices! That happened to me a few years back so I ended up leaving them 😔 … vivid is far better for what I need it for

[@DinoPasic]

@@lifeingermany_ What you mean under vivid? Thanks

[@lifeingermany_]

@@DinoPasic that’s my new bank! You can check them out here: bit.ly/vividbanking

[@OmairAsifBajwa]

Wasted 14 mins with gibberish :(

[@michaelKOTD]

i just made anccount with santander its complete free and did it easily online