Free German bank account? “N26!” was the usual answer – until now. With Vivid there’s a new English speaking offer on the market that is not only free – but even pays you: with Cashback on your purchases made with their card.
Posts Categorized: Banking
If you need a visa to study in Germany, you often also need a blocked account (Sperrkonto), to prove that you have enough funds to sustain yourself while living and studying in Germany. Here I compare cheap offers for German blocked accounts.
So you arrived in Germany but your money is still outside the Eurozone? Or you’re working for clients that want to pay you in US dollars, British pounds or Polish zloty? Then a TransferWise Borderless Account might be your best solution: Read how you can convert 20 USD with a fee of only 8 cent.
In my overview of free German bank accounts, two of them are my favourites: N26 and DKB. If you cannot decide between them, read here a side-by-side comparison of the two and my conclusion at the end.
The DKB bank account is one of the best free online bank account in Germany. Using it now for 9 years, I wrote this review: How to open the account, how the DKB Visa card works, and where you can withdraw money for free. (Spoiler: everywhere!)
There’s a wide range of options for your savings in Germany: Various call money / day-to-day accounts (Tagesgeld) and fixed-term deposits (Festgeld) are on the money market – here’s an overview.
It’s been now two years that I am using a German N26 free online bank account*, and since it is by far the most popular from all the free German bank accounts presented in this blog, I thought I sum up my personal long-term experience in a test of N26.
There are many free bank accounts in Germany – but the new N26 (previously known as Number26) might be the best one: English interface and phone support, free Mastercard & free money withdrawal in the Eurozone, and a nice mobile phone app for managing banking.