As a foreign student or German learner in Germany open an account
It makes sense to open a Giro account as soon as possible after entering Germany. Foreign students and German language learners need such an account in order to transfer money from their blocked account on a monthly basis. Also costs for accommodation such as a shared room are transferred from the bank account. Fees for the mobilephone contract are also not paid in cash.
What does an account offer to foreign students and German language learners in Germany?
- Standing order: You can instruct your bank to transfer a certain amount of money at regular intervals. This is especially useful for rent settlement. Therefore you do not have to arrange a transfer every month.
- Direct Debit: This means that you give another person a written permission to withdraw money from your account. This makes sense, for example, if your monthly bill for your phone or your internet usage is not always the same. Again, you save time for annoying transfers.
- Online banking: If you have opened an account as a foreign students and German language learners in Germany, most banks offer the option of online banking. As a result, you can also independently transfer money and view your account statement online at any time.
- EC-Card: With this card you can withdraw money from ATM and pay at many shops like supermarkets or in our language school Aktiv in Munich.
When opening an account, what should foreign students and German language learners in Germany pay attention to?
Most important, of course, are the account management fees, which should be as low as possible. For students, some banks even offer a free account. In addition, it is an advantage if you can reach the nearest branch as quickly as possible. Also pay attention to whether the bank grants a overdraft. This is a fixed amount, within which you can overdraw the account sometimes, if at the end of the month you are short of money. Finally, it is important for you as a foreign student or German language learner in Germany, that the bank is preferably international. Deutsche Bank is located in many countries. This makes communication and transfers abroad easier.