Opening a Bank Account in Germany: How It Works as an Expat

A German bank account is practically indispensable for everyday life in Berlin. Rent is collected via SEPA direct debit, many online shops accept only SEPA transfers, and without a German account, everyday life becomes more complicated than necessary. At the same time, opening an account is one of the first tasks expats need to tackle — and often one of the surprisingly simplest.

What options are there?

There are two fundamentally different paths to a German bank account: traditional branch banks such as Sparkasse, Deutsche Bank or Commerzbank, and modern online banks such as N26, Vivid or Bunq. For expats, especially in the first few weeks, online banks are usually the better choice.

Online banks for expats: the simplest option

N26 is the first choice for many expats. Account opening is done completely digitally, requires only a passport, and works without proof of registration (Anmeldebestätigung). The app is available in English, and the IBAN arrives immediately after opening. The account is free in its basic version and sufficient for most everyday needs.

Vivid and Bunq are similarly good and sometimes offer interesting additional features. Anyone who needs multiple currencies or travels abroad frequently should compare the terms.

Traditional branch banks: when do they make sense?

Traditional banks offer advantages that online banks don't: a dense branch network for cash supply, advisory meetings in German, and a credit standing that German landlords sometimes perceive as more trustworthy. For most expats in their first few months, however, these advantages are secondary. Later, if you plan to stay long-term, a traditional account can become worthwhile.

What do I need to open an account?

With online banks, a valid passport and a video ident procedure — in which you verify your identity via video with your ID — are usually sufficient. No proof of registration, no SCHUFA, no appointment. Traditional banks usually require proof of registration, so you should complete your registration (Anmeldung) first.

SCHUFA and creditworthiness

SCHUFA is Germany's most important credit bureau. Expats who are new to Germany have no SCHUFA entries, which is regarded as neither positive nor negative. This plays no role when opening an account with online banks. For later steps such as mobile phone contracts or installment payments, it can become relevant.

If you're looking for accommodation alongside opening your account: on furnished apartments in Berlin there are listings that don't require a SCHUFA and can be booked at short notice.

Conclusion

Opening a German bank account is easier for expats than expected. Online banks like N26 work without registration, without an appointment, and without SCHUFA. Within a few days, the account is ready to use.

Frequently asked questions

1. Can I open a German bank account without registration (Anmeldung)?

With online banks like N26 or Vivid, yes. These only require a passport and a video ident procedure. Traditional branch banks usually require proof of registration.

2. Which bank is recommended for expats in Germany?

N26 is the first choice for many: English app, free, IBAN immediately. Vivid and Bunq are good alternatives. For a traditional account, Deutsche Bank or Commerzbank are suitable.

3. Do I need a SCHUFA for a German bank account?

No, for online banks. Sometimes for traditional banks, but expats without a SCHUFA are usually accepted anyway.

4. How long does it take to open an account?

With online banks, the account is often usable within 24 to 48 hours. With branch banks, it can take one to two weeks.

5. What is an IBAN and why do I need one?

IBAN stands for International Bank Account Number and is the standardized account number within the European payment area. An IBAN is essential for rent, contracts, and transfers in Germany.

Guide: Expat Guide Berlin

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