Berlin

Explore life in Berlin

๐Ÿ’ณ Banking & Finance

Before You Start

Banking in Berlin is modern and efficient, with a wide range of traditional banks, online banks, and digital fintech options. To open a bank account, you'll usually need a valid passport or EU ID card, proof of registration (Anmeldung), and sometimes proof of employment or a student certificate. Many banks offer online opening processes, but some may require you to visit a branch in person.

Blocked Accounts for Students

International students coming to Berlin may need a blocked account (Sperrkonto) to obtain a student visa. Several banks and fintechs provide this specialized service.

Which Bank Should I Choose?

When choosing a bank in Berlin, consider your language needs, fees, online banking options, and whether you require specialized accounts (like student blocked accounts). Digital banks are a popular choice for their ease and English support, but traditional banks may offer more in-person services.

Banking Options

Expat-Friendly Banks

Expats in Berlin can choose among several banks and fintechs that cater to non-German speakers and simplify account opening. Digital banks are particularly popular for their streamlined processes and minimal paperwork.

English-Speaking Banks

Several banks in Berlin provide English-language apps, websites, and support, making them friendly for non-German speakers. Online banks, in particular, are known for their strong English customer service.

Free Bank Accounts

Many German banks offer free checking accounts, especially online or digital banks. Requirements for free accounts vary; some require a minimum monthly deposit or are only free for students.

Was this section helpful?