Open a Bank Account in Germany

Which Banks in Germany Allow Foreigners to Open an Account

Before opening an account in a German bank, you should pay attention to the institution’s reputation and the conditions of service. For example, banks that allow non-residents to open deposits often impose high fees for other services but at the same time guarantee a more professional investment portfolio. Therefore, to open an account in a German bank on favorable terms, it is advisable to additionally consult an expert in international banking services.

Among the most popular banks are:

• Comdirect. Works with residents and non-residents. Offers low rates and gives private clients a €50 bonus.
• Deutsche Bank AG. Opening a bank account in Germany is available to both legal entities and individuals regardless of citizenship. Works with corporate clients.
• Varengold Bank AG. Guarantees high confidentiality, works exclusively with investment accounts.
• Commerzbank AG. Provides standard banking services. Here you can open a bank account in Germany under classic conditions, with savings, current, and corporate accounts available. The institution is represented in 50 countries worldwide.
• Wirecard Bank AG. Works with residents and non-residents, specializes in issuing cards, including virtual ones.
• HRW Bank. Works only with corporate accounts and participates in financing government institutions.
• Net-m privatbank 1891 AG. Suitable for companies and individuals when personal account opening in Germany is not possible, as it specializes in remote online registration. The bank also issues Visa and MasterCard standard cards.
• Fidor Bank AG. Opens current and deposit accounts, works with individuals and legal entities.

How to Open a Bank Account in Germany for Non-Residents

To open a bank account in Germany as a non-resident, you should consider a number of nuances:

• Banks often offer multi-currency accounts, which is very convenient for foreign clients. Maintenance costs can be almost zero if a certain monthly turnover is maintained. This point should be clarified before opening a bank account in Germany, as requirements vary.
• The number of documents required depends on the bank. For individuals, an ID, tax identification number, and entry permit to the country will be needed. To open a bank account in Germany for a legal entity, corporate documents under an apostille, a company activity description, notarized copies of international passports, and proof of residence for all shareholders, founders, and beneficiaries will be required. During the decision-making process, the bank may request additional documents or refuse cooperation without explanation.

Thus, opening an account in a German bank is a complex procedure, taking from 3 to 5 weeks. To avoid mistakes in the document collection process and minimize the risk of refusal, we recommend contacting our company. Experts at Incluence Limited will handle the preparation and submission of documents, as well as explain the details of account management. You can receive your first consultation on how to open an account in Germany at any convenient time — contact us online or via the contact details provided on the website. On our resource, you can also find individual information about the operations of Germany’s leading banks.