When it comes to online banks, DKB offers the best rates and benefits in the online banking segment. List of banks operating in Germany including business focus, customer rating and total assets. One person likes to do business in person while to other is fine with the anonymity of an online bank. But of course if you want to do your banking online, Postbank also offers that option. Therefore it is hard to say what the best bank in Germany is because everybody has other needs. If you look for a solid fee credit card, look no further. Private banks in Germany make up around 40% of all German banks, with around two-thirds of them belonging to big centralized chains. Getting out cash without paying fees at any ATM is a big plus for signing up with DKB. But don’t worry with our help finding the best bank in Germany will be the easiest task. According to the ‘Bundesverband deutscher Banken’ banks are steadily getting rid of their brick-and-mortar offices in the last years. The largest private banks are Deutsche Bank, Commerzbank and Unicredit Bank AG (HypoVereinsbank). This is the best way to open a bank account before your Anmeldung. The best option for most people for a German bank account: N26 I’ve been using N26 for a few years and it has always served me well in Germany or abroad. a) Germany’s best … So get prepared to always bring your EC-card wherever you go. But especially in rural areas or in Berlin finding an ATM of your branch is very difficult. Logo made with Logomakr.com. Sign up processes may vary from bank to bank but here is a list of which information generally is needed when you open a German bank account: Vorname – First name We have compared the pros and cons of every bank and made an overview for you. Imagine travelling and having to pay each time you get out cash in another country. 1. Finding the best bank in Germany for foreigners is not easy, but with our tips we will ensure that you will find the bank that fits to your needs. All of these banks offer clear contracts for non-German speakers and are used by most German inhabitants. If you are interested you can have a look at their website and see if this is the right bank for you. Which means they don’t have branches in every city like the traditional banks. In the past (and with most other banks still today) you needed to provide a German address in order to get the final documents sent. At the same time, … The international banks in Berlin, Hamburg, Munich, Cologne, Frankfurt am Main, Essen, Stuttgart, Dortmund, Düsseldorf, Bremen, Hanover, Leipzig Germany can be classified according to their country of provenance, Most of them are based in the United Kingdom, but the number of French banks is also noticeable, while Swiss and overseas banks … However, if you do not need a personal contact in one of their branches, an account with one of the online banks … Deutsche Bank. This website uses cookies. One of the biggest and fastest growing banks in Germany is the DKB – Deutsche Kredit Bank. Number26 – the full service in English, for free. If you want more information about these topics, just have a look on the websites of DKB and the Postbank – they both have an excellent website where everything is clearly explained. Free money withdrawal from any ATM in Germany and worldwide with free Master Card So what is the best bank in Germany for foreigners? For each bank business overview, account opening, products and services, customer ratings (if assigned), key financial data (except for branches of foreign banks), credit ratings (if assigned), deposit guarantee, technical data (bank … This comes in as no surprise as DKB really offers outstanding advantages to many other traditional banks such as free money withdrawal worldwide or 24/7 service hotlines. The growth in online banking does not mean that traditional banking is at its end. The main question that you hear nowadays is if the online banks offer better value than brick-and-mortar banks (banks that have a physical presence in a building). 24h customer service Doesn’t this give you some peace of mind moving all your banking from traditional banking to online banking? Most of them have no monthly account fee, except for the Deutsche Bank checking account. Geburtsort: Place of Birth That’s all there is to it! With around 1200 bank branches in Germany alone, it is one of the most represented banks in Germany. The aim is to help you decide which is the best German bank … Ea… You will have plenty of banks to choose from if you are looking for simple online banking … But it is such a close call between DKB and Netbank that this limitation set Netbank to second place only. While at most other banks you still need to physically show up at an office to prove your identity, N26 let’s you sign up completely online. The signup process is online and in English, the account is completely free of charge and you can get out cash for free at any ATM. Deutsche Bank: As per the total assets acquired, this tops the list in the ranking. DKB of course offers a secure line (SSL) and transfering funds can be done with the usual TAN system. This is something no other German direct bank has achieved ever before. If you do not feel comfortable yet to open up an online bank account then Postbank is your best choice. Think about account management, retirement or mortgage planning. In order to sign up with Netbank you need to fill out their online application plus follow the PostIdent, which means that you have to go to any Post in Germany and prove your identity. Why do we list N26 here? That is a good indicator that DKB is a great choice for your German bank account. We collected the Top 5 German bank accounts in the list below. Be aware that the Credit Card will cost 29€ per year from the second year onwards. As already mentioned, this won’t affect most of you, but as we have to decide which is the best German bank this is what made Netbank come in 2nd place. If this is an important point for you, then it could be smart to open a bank account with the DKB, because their online presentation makes signing up really easy! If you are from German origin and you possess a German ‘Personalausweis’ you can easily open a bank account using the AusweisApp. Once you have sorted out your German bank account you should consider finding the best German internet provider or the best German phone provider. To ensure that you understand the requested data we translated the most important fields for you. Free Visa Credit Card for 1 year Ability to sign up without German address So on top of being very convenient N26 is also free of charge, which is an exception nowadays with the low interests where banks need to earn money by charging for their accounts. Use the benefits of an online bank – high interest rates and free ATM usage- and use the benefits of traditional banks- tailored service and personal assistance. And even better, with your free DKB visa card you can also withdraw money from any ATM worldwide free of any costs. Best Country for Safety – Germany. The 3 best current accounts in Germany 5.5.2016. Free withdrawal from 10.000 ATMs from Cash-Group in Germany They have a partnership with the Bank of America, which can make money transfers simpler. Everybody is different, and therefore there is not one bank that can fulfil everybody’s needs. best-bank-in-germany 2019 However, it is up to you to decide what you like best. And the other reason may be that you have been declined by DKB, which sometimes might happen if you do not have a steady income. Moreover, you can withdraw cash from any ATM in Germany without paying additional fees. 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