Top 10 Mistakes Expats Make When They Move to Germany (And How to Avoid Them)
January 15, 2026
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Top Bank Accounts in Germany for Expats: A Simple Guide
Moving to Germany is exciting, but opening a bank account can feel a bit daunting at first. A local bank account is essential for receiving your salary, paying rent, and managing everyday expenses. The good news is that there are several options designed with expats in mind, making the process much easier than it might seem.
One of the most popular choices is N26. This is a fully digital bank where you can open an account from your phone, even before visiting a branch. The app is available in English, which makes it ideal if your German isn’t perfect yet. N26 offers a basic account with no monthly fees and easy international transfers, which is a huge benefit for people who still have financial ties abroad.
Another strong option is DKB (Deutsche Kreditbank). It combines online banking with some perks typical of traditional banks, like free ATM withdrawals worldwide (for active users) and a Visa debit card. While the setup might involve a little more paperwork, the benefits make it worthwhile if you travel often or need reliable everyday banking services.
Wise is also worth considering, especially for those who need to manage money in multiple currencies. While not a traditional bank, Wise gives you a European IBAN that works perfectly in Germany and makes international money transfers cheaper and faster. It’s particularly useful if you haven’t yet set up a German bank account or need to handle funds from other countries.
For those who prefer physical branches and face-to-face service, banks like Commerzbank or Postbank are good choices. They may have slightly higher fees, but the personal service and ability to handle complex banking tasks in person can be reassuring for newcomers. Some branches also offer customer support in English, which is helpful when navigating the system for the first time.
Before choosing a bank, think about what matters most to you: low fees, international transfers, physical branches, or English-language support. Most traditional banks will also require proof of German residence (Anmeldung), so digital banks like N26 or Wise can be a great starting point if you’re just arriving.
In summary, opening a bank account in Germany doesn’t have to be stressful. With the variety of digital and traditional banks available, expats can find an option that fits their needs and lifestyle, making everyday life much easier in a new country.
Open a German bank account with N26 (online, English support): https://n26.com/en‑de/expats‑bank‑account
bunq expat account info (easy online setup): https://www.bunq.com/en‑de/expats
