Banking

Banking for Students

Banking for Students

Banking in Germany – What International Students Should Know

Opening a bank account in Germany can make everyday life much easier for international students. A German bank account may be needed for:

  • Paying rent, insurance, and other regular expenses
  • Receiving scholarships or other payments
  • Setting up direct debits
  • Managing salary or student job payments
  • Completing certain administrative procedures

What Types of Accounts Are Available?

1. Girokonto (Current Account)

A Girokonto is the standard everyday bank account in Germany. It can be used for:

  • Bank transfers
  • Direct debits
  • Receiving payments
  • Paying bills and rent
  • Using a debit card
  • Online and mobile banking

2. Sperrkonto (Blocked Account)

A Sperrkonto is a blocked account used by many international students from non-EU countries as proof of sufficient financial resources for a visa or residence permit.

A fixed amount is deposited into the account before arrival, and only a limited amount can generally be accessed each month.

The required amount can change over time, so always check the current requirements before opening a blocked account.

What Do You Need to Open a Bank Account?

The exact requirements depend on the bank and type of account. You may be asked for:

  • Valid passport or national ID
  • Proof of address or registration certificate (Meldebescheinigung)
  • University enrollment certificate
  • Visa or residence permit, if applicable
  • Tax identification number, depending on the bank and account

Some banks allow international students to start the application before receiving all German documents, while others require proof of registration in Germany.

How to Open a Bank Account

Depending on the bank, you may be able to open an account:

  • Online through the bank's website or app
  • In person at a branch
  • Through an identity verification process such as video identification or PostIdent

Compare the requirements before applying, especially if you have just arrived in Germany.

Tips for International Students

  • Compare fees and services: Some banks offer free student accounts, while others charge monthly fees.
  • Check English-language support: This can be particularly useful when opening an account or dealing with administrative issues.
  • Prepare your documents: Having your passport, registration certificate, university documents, and visa or residence permit ready can make the process easier.
  • Open your account early: A bank account can be useful for rent, bills, insurance, and other everyday payments.
  • Check blocked account requirements: If you need a Sperrkonto for your visa, verify the current required amount and accepted providers before transferring money.

Banking with movein24

With movein24, you can find guidance on choosing a bank, preparing your documents, and navigating the process of opening a bank account in Germany.

In Short

For international students, understanding the difference between a Girokonto and a Sperrkonto is an important part of preparing for life in Germany. Choose an account that matches your situation, compare fees and services, and prepare your documents before starting the application.

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