Vivid Money, the most interesting alternative to N26, now even improved their product: Two more languages, up to 15% cashback and now even a €25 welcome gift. And of course, it’s still free.
Posts Categorized: Banking
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 up to 10%.
Are you paying fees for your bank account? Fees for money withdrawal on foreign ATMs? Fee for a credit card? Here I’ll give you an overview of free online bank accounts and how to open a bank account in Germany – no matter if you are a German or a foreigner.
Living in Germany but your German is not yet on C2 level? No worries, a few bank accounts speak English (or even more languages), have not basic fees, come with a Visa & Mastercard and offer free ATM withdrawals. Don’t believe it? Then read on.
Sometimes a simple bank account is not enough: For instance car rentals, flight tickets and many online shops you need a credit card, be it from Visa, Mastercard or Amercian Express. But no worries: In Germany, there are plenty of free offers. See the list and comparison here.
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.
Coming and living in Germany as a student? Then even more banks offer a free account for you! Find here a comparison of special offers for students, plus in case you need a visa: offers for a blocked account (Sperrkonto).
Your bank accounts makes you pay fees? Well, there are ones that even pay out bonuses! Make up to 100 € just by opening and using them. See here a list of the best free German bank accounts with bonuses.
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.
Came to Germany as a freelancer? Or want to create a company? Then you need a business bank account (Geschäftskonto) because a regular one won’t do it. But no worries, there are even free ones: Use our tool here for your individual comparison.
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!)
Your bank account in Austria costs you fees? There is no English support? There is no free Visa or Mastercard included? This can’t go on! Find here the best free Austrian bank accounts.
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.