Open a current account without a residence in Germany

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Open a current account without a residence in Germany

Is it possible to open a checking account in Germany even without a residence? This question is asked by many emigrants. Such an account is indeed possible, but only at selected banks. Applicants must provide proof of identification to open an account (Money Laundering Act) and this is considerably more difficult abroad. How to open an account abroad and what else should be considered, I explain in the following article:


Only direct banks allow the account opening abroad

Whether you can open a bank account without a residence in Germany depends on the conditions of each bank. Classic branch banks such as Passphrase, Yolks bank, Post bank and Co. reject such an account opening usually. Branch banks are usually limited to customers in their own business area. The correspondence (account statements, etc.) is often still postal and in a foreign residence, this is of course problematic. Unlike the direct banks: these have the clear advantage that the account management (for example, transfers, communication with bank employees) takes place online and bank statements are provided by e-mail or download. Therefore, the direct banks are much more flexible in terms of residence.

Checking accounts in comparison

A current account can be opened at Com direct Bank (subsidiary of Commercialize) without being domiciled in Germany. Another popular provider is the DKB (direct bank subsidiary of the Escherichia Bundesbank). Update 2017: With N26 I would like to include a third provider in the comparison. I have summarized the most important tariff details in the following table:


Supplier comdirect dkb Number26
Who can open an account?
German citizens residing in Germany
German citizens resident abroad
Foreign citizens
Persons residing in Germany, Austria and Switzerland (regardless of nationality) Persons residing in Germany, Austria and Switzerland (regardless of nationality) Persons resident in Germany, Austria, Ireland, France, Spain, Italy, the Netherlands, Belgium, Portugal, Finland, Lithuania, Latvia, Luxembourg, Slovenia, Estonia, Greece, Slovakia (regardless of nationality)
Important account details
Account maintenance fee free free free
bank cards
Girocard and Visa credit card (both free)

com direct

Giro card and Visa credit card (both free)

DKB-VISA card

Maestro card and MasterCard credit card (both free)

MasterCard of Number 26

free with girocard
- only cash group machines *
Free with Visa credit card at all ATMs with Visa sign
between 3 and 5 times a month for free, in addition 2 € each
Withdraw money
in the euro area Free with Girocard at all ATMs free with Visa credit card at all ATMs with Visa sign withdrawals in EUR currency unrestrictedly free of charge
Withdraw money
abroad (not euro area) for free with visa credit card at all ATMs with visa sign free with visa credit card at all ATMs with visa sign For withdrawals in non-euro currency fee of 1.7% of the withdrawal amount.
Credit interest 0% 0.2% 0%
Dispozins 6.5% 6.9% account based on credit / no postage
Test wins comdirect-test winner Test victories at the DKB
account opening
Account application online online online
Identity verification
in Germany PostIdent, VideoIdent (Webcam) PostIdent, VideoIdent (Webcam) PostIdent, VideoIdent (Webcam)
Identity verification
abroad
Notary Local Bank / Lawyer -
Premium at account opening 100 Euro
Register now for free Register now for free
* 9,000 domestic cash machines of the Cash Group Banks Deutsche Bank, Commerzbank, Hypovereinsbank and Postbank.




















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