How to Open a Bank Account in Germany for International Students – Complete Guide

Studying abroad comes with its own set of challenges. At IMFS, we understand that transitioning into daily life in Germany involves several essential documents and processes. One key requirement for international students is opening a Girokonto — a German current bank account that complements your Blocked Account (Sperrkonto) and allows seamless financial transactions. Let’s walk through the process!

Why Do You Need a Girokonto in Germany?

• A Sperrkonto (Blocked Account) in Germany restricts withdrawals to a maximum of €934 per month (as of 2025).
• To access this monthly allowance, international students must open and link a Girokonto (current account) to their Sperrkonto.
• The Girokonto allows for everyday banking activities like receiving money, paying rent, and shopping.
• If you need more than €934 per month, you must supplement your income with a part-time job or bank transfers from home.

Documents Required for Opening a Bank Account

To open a Girokonto in Germany, you’ll need to provide the following documents:

• Valid Passport (with a student visa).
• Proof of Enrollment (Immatrikulationsbescheinigung) from the university.
• Residence Registration Certificate (Anmeldung) from the Bürgeramt.
• Proof of Financial Resources (if opening a Blocked Account).
• Tax Identification Number (Steuer-ID) (may be requested for tax-related purposes).
• German Phone Number (some banks require a local contact number).

Step-by-Step Process for Opening a Girokonto

1. Choose a Bank

• Popular options: Deutsche Bank, Commerzbank, Sparkasse, N26, Revolut, and other online banks.
• Some banks offer student-friendly accounts with no monthly fees.

2. Visit the Bank or Apply Online

• Traditional banks (e.g., Deutsche Bank, Sparkasse) typically require an in-person visit.
• Online banks (e.g., N26, Revolut) allow fully digital applications.

3. Submit the Required Documents

• Present your passport, residence certificate, and proof of enrollment.
• Fill out the bank’s application form.

4. Verify Your Identity

• PostIdent: Verification at a post office.
• VideoIdent: Online verification for digital banks (convenient and quick).

5. Receive Bank Details and Debit Card

• Once approved, you’ll get your IBAN (International Bank Account Number) and a debit card (EC-Karte).

6. Activate Your Account

• Set up online banking access and PIN codes for secure transactions.

Important Notes About German Bank Accounts

• A Blocked Account (Sperrkonto) is mandatory for non-EU students as proof of financial stability.
  • The Girokonto does not substitute for a Sperrkonto; both accounts are necessary.
• Some banks may require a minimum initial deposit for account activation.
• International money transfers can be facilitated through services like TransferWise (Wise), Revolut, or PayPal.

Final Thoughts

Opening a Girokonto is a crucial step for international students adjusting to life in Germany. It provides financial flexibility, allowing you to easily access your blocked account allowance and manage daily expenses. At IMFS, we aim to make this transition smooth and hassle-free—from opening your blocked account to setting up your German bank account.

Need help with your German student visa application or bank account setup? Reach out to our expert team at IMFS for personalized guidance!