It is very useful to have a bank account in Germany for study or work purposes, especially if you come from abroad. The digits of the IBAN code do not always match and therefore it would be more practical to use a German bank account. 

 

Before delving deep into the steps for opening a bank account in Germany, here are some tips on how to plan your budget before arriving in Germany:

 

• As an international student and especially if you are someone who is reliant on blocked account money, it is important to know that there could be unforeseen delays by the bank to transfer the cash to your account on time. 

• Therefore, it is a good idea to have enough money in the form of cash with you before arriving in Germany, as the blocked account activation would take more than a month to complete. 

 

 

Opening a German account is very easy: 

1. Choose the branch you prefer.

2. Request an appointment with the bank or do it online.

3. Prepare your documents. These include your passport or identity card, the residence registration in Germany (Anmeldebestätigung), and proof of your student status (if you’re applying as a student).

4. Depending on the branch, some accounts can be free for students.

5. Wait until you receive your card and online banking access.

6. Activate your card and online banking.

7. You’re all set!