A German bank account is practically essential for life in Germany — without one, you can't receive your salary, pay rent, or sign contracts. But for foreigners, especially those without a German credit history, opening an account can be trickier than expected. Here's how to do it.
Account Types: What You Need
Girokonto (current account): The standard account for everyday transactions — salary, rent, debit card. Available at most German banks, but not always straightforward for new arrivals without Schufa history. Basis-Konto (basic account): Since 2016, all EU-resident banks must offer a basic account to anyone with an EU address. Limited functionality (no overdraft), but sufficient for basic needs — and the most accessible option for newcomers.
Documents Required
The exact list varies by bank, but typically: valid passport or ID card (EU citizens), residence permit (non-EU citizens), Meldebescheinigung (registration certificate), Tax-ID (Steueridentifikationsnummer — automatically assigned after registering your address). Some banks additionally require an employment contract or payslip, or a residence permit with a minimum validity period.
The Schufa challenge: Newcomers to Germany have no Schufa credit history. This makes some traditional banks hesitant. Solution: online banks and neobanks are typically far more flexible than high-street branches.
Best Banks for Foreigners in Germany 2025
Online / neo banks (easiest to open, often no Schufa needed): N26 — fully available in English, video identification. Wise — multi-currency account, excellent for expats with international transfers. DKB (Deutsche Kreditbank) — free account, strong Visa card, good digital service. Traditional banks: Deutsche Bank, Commerzbank, Sparkasse — more personal service but more demanding documentation requirements. For students: Most banks offer free student accounts — ask about Studentenkontos.
New in Germany and need help with the first practical steps — account, insurance, registration? Sylum guides you through the early stages of life in Germany. Contact us at sylum.de/contact.
