For international students studying in Germany, opening a local bank account is essential for managing finances efficiently and avoiding high international transaction fees. A German bank account also helps students build a credit history, making financial transactions smoother during their stay. But what are the best banks in Germany for students?
Fortunately, Germany is home to some of the best banks in Germany that cater specifically to students, offering low fees, digital banking options, and easy account setup. Let’s explore the best banks in Germany available for international students in Germany.
Table of contents
- What are the Best Bank in Germany for Students?
- List of Best Bank in Germany for Students
- Overview of Best Banks in Germany
- Best Bank in Germany for Students that are English-speaking
- Best Bank in Germany for Students with No Monthly Fees
- Which is the Best Bank in Germany for Students?
- Documents Required to Open a Student Bank Account in Germany
- FAQs on Best Banks in Germany
What are the Best Bank in Germany for Students?
When embarking on a new academic journey in Germany, having a reliable and student-friendly bank by your side is crucial. Some of the best banks in Germany for students include Commerzbank, DKB, N26, Deutsche Bank, Comdirect, Postbank, HypoVereinsbank and Sparkasse. These banks in Germany offer a range of services that cater specifically to students’ needs.
There are many expat-friendly banks in Germany which simplify banking in Germany for international students. These best banks in Germany provide dedicated student support in English, making communication easier. Many of these banks offer fee-free accounts for students up to a certain age and have extensive ATM networks for easy access to cash.
List of Best Bank in Germany for Students
The best banks in Germany also feature intuitive mobile banking apps with user-friendly interfaces, ensuring smooth transactions and a seamless banking experience. Here’s a table summarizing the best banks in Germany, their key features, and suitability:
| Bank Name | Type | Key Features | Best For |
| Deutsche Bank | Traditional Bank | Global presence, full-service banking, investment banking, digital banking | Expats, businesses, investors |
| DZ Bank | Cooperative Bank | Supports local cooperative banks, strong financial stability | Local banking, cooperative banking |
| KfW Bankengruppe | Development Bank | SME financing, infrastructure funding, government-owned | Entrepreneurs, startups, sustainable projects |
| Commerzbank | Traditional Bank | Strong SME focus, international banking, digital banking investments | SMEs, corporate clients, digital banking users |
| UniCredit Bank AG (HypoVereinsbank) | Traditional Bank | European network, diverse services, private banking | Individuals, corporate clients, investors |
| Landesbanken (LBBW, BayernLB, etc.) | Regional Public Banks | Wholesale banking, regional economic support, savings bank support | Regional businesses, public sector clients |
| Sparkassen-Finanzgruppe | Savings Banks | Community banking, financial education, accessible branch network | Local residents, small businesses |
| ING-DiBa | Online Bank | No-fee accounts, strong digital banking, customer-friendly | Digital banking users, individuals seeking low fees |
| N26 | Digital Bank | 100% mobile banking, no-fee accounts, real-time spending notifications | Expats, students, frequent travelers |
| DKB (Deutsche Kreditbank AG) | Online Bank | Free checking accounts, sustainability-focused, English support | Expats, sustainability-conscious users |
Also Read: Check all about Germany Blocked Accounts for International Students and successfully secure a visa to Germany.
Overview of Best Banks in Germany
Now you have an idea of some of the best banks in Germany. Germany’s banking sector is renowned for its stability and diversity, offering a wide range of services to both residents and expatriates. Whether you’re seeking traditional banking experiences or modern digital solutions, Germany’s financial institutions cater to various preferences and needs.
Here is a detailed overview of the best banks in Germany, one by one. Please have a look.
Commerzbank
Commerzbank, one of the best banks in Germany, is an excellent choice for students. Headquartered in Frankfurt, it offers a range of student-friendly banking services, including:
- StartKonto Account: It is a popular choice among international students as it offers good services for free. Students can open a ‘StartKonto’ account that allows them to save money and manage finances with ease.
- Free International Transactions: The best features of having this student account is that it has no monthly fees, no foreign currency fees on Commerzbank International Money Transfer, no ATM withdrawal fee.
- Bilingual Customer Support: Commerzbank has excellent customer support in English and Deutsche.
- Low Minimum Deposit Requirement: The bank also provides free debit and credit cards that allow international students to make payments easily. However, students must keep a minimum incoming deposit of EUR 700 (INR 63,000). The minimum balance account is negotiable if an international student has a blocked account and receives monthly instalments in the account.
Deutsche Bank
Another best bank in Germany for students is the Deutsche Bank. Its ‘Das Junge Konto’ offers a special student bank account that offers attractive benefits to all the students. Some of the advantages of an account with the bank include:
- No Account Opening Fees – Students can open an account for free.
- Free Savings Account – Helps students manage their finances efficiently.
- Expats’ Favorite Bank – Provides customer support in English, making banking easier for non-German speakers.
- CashGroup ATM Access – Free withdrawals from a vast ATM network.
- Online & Mobile Banking – Easy-to-use digital banking platform.
Note: The bank account is FREE as long as you are a student. It starts charging and the lowest bank plan available is approximately EUR 6 per month (INR 500).
Sparkasse
With a vast network of regional branches, a Sparkasse Bank account is a reliable choice for students seeking localized banking services, making it one of the best banks in Germany for students. Each Sparkasse branch operates independently, which means they may have unique offerings for students in different regions.
It is truly the best bank for international students in Germany. Sparkasse provides student accounts with low fees, free online banking, and opportunities to connect with financial advisors for personalized guidance.
DKB (Deutsche Kreditbank)
DKB is a fully digital bank, making it one of the best banks in Germany for students who prefer online banking. It offers a free student account with numerous perks, such as a free Visa credit card, fee-free cash withdrawals worldwide, and attractive interest rates on savings accounts.
DKB’s digital-first approach and English-language services are particularly beneficial for international students looking for a hassle-free banking experience.
N26 the Best Mobile-Only Bank in Germany
All international students should consider opening an account with N26 Bank. It is a 100% digital bank based in Berlin and is one of the best bank in Germany for students. There are no opening charges or minimum required deposits for a student account in Germany. The N26 account allows its students to withdraw cash for free from more than 55,000 ATMs.
Several N26 ATMs in Germany and other non-European countries allow students to manage their finances from non-EU/ non-EEA countries. There are no currency conversion fees and it is the only bank in Germany that operates complete English and other international languages like French, Italian, German, and Spanish, making it one of the best banks in Germany for students.
Postbank
Postbank, a subsidiary of Deutsche Bank, offers a range of student-friendly services. They provide low-fee student accounts with benefits like a free debit card and access to a wide network of ATMs.
Postbank’s online banking platform is user-friendly, and its branches are conveniently located across Germany, making it easy for students to access their finances.
HypoVereinsbank (UniCredit Bank)
HypoVereinsbank (HVB) is a member of the UniCredit Group and provides tailored banking solutions for students. Their student accounts offer benefits such as a free debit card, no account maintenance fees, and a dedicated mobile app for easy account management.
HVB’s partnership with various universities also grants students access to exclusive offers and discounts, making it the best bank in Germany for students.
Comdirect
Comdirect Bank Aktiengesellschaft is the third-largest bank in Germany and one of the best banks for international students in Germany. The bank provides complete online services to its customers.
International students can make cash deposits without any charges and the free Visa card allows them to make unlimited withdrawals worldwide. The good part is that just like other banks, this bank also allows students to open a Comdirect bank account without paying any management fees. Students can also apply for free securities deposit accounts if they are interested in investment opportunities.
However, unlike other banks discussed above, Comdirect offers customer support services in the German language.
Best Bank in Germany for Students that are English-speaking
An expat-friendly bank in Germany lets you communicate with ease if you don’t know Deutsche. They have English-speaking staff and customer support, making communication a breeze. These best banks in banks in Germany and international students let you do everything in English-
- Wise
- Bunq
- N26
- Revolut
- Monese
Deutsche Bank and Commerzbank allow partial banking services in English, including online banking, documentation, and customer service.
Also Read: Check out our blog on why students should choose the Central Bank of Germany for your Student Account to seek a solid foundation in central banking and financial leadership.
Best Bank in Germany for Students with No Monthly Fees
Opening a bank account in Germany is an essential step for any student, but who wants to pay fees just to hold onto your money? Free and student-friendly bank options to help you find the perfect fit. Check out some of the best banks in Germany for international students with no monthly fees-
If you’re a student, you can score free accounts at these banks:
- Berliner Sparkasse: Free for students under 26, but charges a small annual fee for the debit card.
- Deutsche Bank: Free for EU students.
- comdirect: Free for students under 28.
- Commerzbank: Free for students under 27.
- ING: Charges only EUR 1 per month for the debit card.
- Volksbank: Free for students.
Which is the Best Bank in Germany for Students?
When choosing a bank in Germany, international students should consider factors such as fees, customer support, online banking options, and access to physical branches.
Depending on your preferences, whether you prioritize digital banking, in-person service, or specific features like free international transfers, there are several excellent options available.
Below is a breakdown of the best banks for students in Germany, highlighting what each one does best:
- Deutsche Bank: Best for students seeking a combination of traditional and digital banking with access to a large ATM network.
- DKB (Deutsche Kreditbank): Best for students who prefer online banking with no fees and free international withdrawals.
- N26: Best for students who want a fully mobile banking experience with no foreign transaction fees.
- Commerzbank: Best for students who need bilingual support and free international transactions.
- Postbank: Best for students who prefer a physical branch network and a user-friendly online banking platform.
- Sparkasse: Best for students who value localized service with a strong branch presence.
- HypoVereinsbank (UniCredit Bank): Best for students looking for exclusive offers and discounts through university partnerships.
Documents Required to Open a Student Bank Account in Germany
Opening a student bank account in Germany is a straightforward process, but it requires specific documentation to ensure compliance with local regulations. Here’s a detailed overview of the essential documents you need to prepare:
- Valid Passport
- Enrollment Certificate
- Proof of Address (rental agreement, a confirmation letter from the Studentenwerk (Student Services Organization, or city registration certificate (Meldebescheinigung) from the local registration office)
- Residence Permit
- Completed Application Form for opening a bank account
This was all about the best banks in Germany for international students. So, take the time to research and choose the bank that aligns with your financial goals, helping you focus on what truly matters – your education and experiences in this remarkable country.
To know more about education loans, the loan application process, the best international bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
FAQs on Best Banks in Germany
Among the best banks in Germany, Deutsche Bank holds the top position. With over 200 private banks in Germany, Deutsche Bank ranks number one, followed by publicly owned savings banks like Sparkasse, which consists of around 400 branches.
But is it legal to have more than one? The answer is, yes. Not only this but often it’s a good idea – for example, holding money in a specialized savings account can earn you higher interest than you would on your regular bank account. It’s also completely legal to have accounts with different banks if you want to.
International students can open accounts with some of the best banks in Germany, including Commerzbank, N26, Deutsche Bank, Comdirect, and Sparkasse. These banks offer student-friendly services, such as no monthly fees and English-speaking customer support.
The most secure bank in Europe is KfW bank in Germany which was voted number one of the top 50 safest banks in Europe by the US finance magazine Global Finance.
Commerzbank is one of the best banks in Germany for students, offering:
– No monthly fees for student accounts
– No foreign currency fees for transactions abroad
– Free ATM withdrawals at partner banks
– English-speaking customer support for international students
To open a student account at one of the best banks in Germany, you typically need:
– A valid passport
– Proof of enrollment at a German university
– A residence permit (if applicable)
Yes, many best banks in Germany, including Commerzbank and Deutsche Bank, provide English-speaking customer support to assist international students with banking services.
Yes, most German banks offer online banking services that allow students to manage their accounts, make transfers, and view transactions conveniently.
Yes! The best banks in Germany for students offer perks such as:
– No monthly maintenance fees
– Free ATM withdrawals at partner banks
– Favorable interest rates on savings accounts
Opening an account at one of the best banks in Germany usually takes 30 minutes to an hour, provided all required documents are available. Some digital banks, like N26, offer fully online account opening in just a few minutes.
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I’m moving to Germany this fall for my Master’s, and figuring out which student bank account to open has been weirdly stressful. There are so many options, and everyone online seems to have a different opinion. This article actually broke things down in a way that made sense without feeling too “salesy.”
I really liked how it compared the features like monthly fees, international transfer options, and mobile app usability. N26 and Deutsche Bank were already on my radar, but now I’m seriously considering DKB too—didn’t realize how student-friendly their setup is. Plus, the note about some banks requiring a blocked account versus others just offering a student account was super useful.
One thing that would’ve been cool is maybe a quick “best for” summary—like “best for international transfers” or “best if you prefer in-person service.” Just to make choosing even faster for indecisive folks like me 😅
But overall, this is one of the most practical guides I’ve found so far. If anyone else is moving to Germany soon and stressing about banking stuff—definitely give this a read. Thanks again for putting this together, Fly Finance! You’ve saved me at least a few hours of Googling.
Hey! Wishing you all the best for your move to Germany and your Master’s journey!
Thank you so much for your kind words and detailed feedback. It truly means a lot! We’re so glad the blog helped simplify your decision-making. It’s great to hear that DKB is now on your radar too; definitely an underrated option for students!
We love your idea about adding a quick “best for” summary. We’ll definitely look at adding that in our update.
If you have any questions along the way, feel free to drop a comment or reach out. And thanks again for being part of the Fly Finance community!