Here is a quick overview about the types of bank account you can open in Germany.
Girokonto (Current Account):
This account is for receiving your salary or paying bills. Sometimes some banks might offer special deals for students and young people.
Sparkonto (Savings Account):
As the name implies, this account is for your savings. You can have either a Tagesgeldkonto, which you can access instantly, or a Festgeldkonto, which is a higher-interest account where you deposit a minimum amount for a fixed period.
Digital and Mobile Accounts:
These are banks in Germany without physical branches that operate completely online or via mobile. Their fees are usually lower (not always), and sometimes there are no monthly fees, but they might not offer full English customer support.
Most banks charge a monthly fee for your account (depending on which services you choose). Sometimes if you earn above a certain threshold, this fee may be waived.
Now that you have a bank account, you can do a lot more in Germany!
→ If you are an EU citizen or already hold a SEPA-compatible account and just don’t want to open a German account, you may be able to receive your salary directly. In that case, contact our Human Resources Department. (We still recommend a German account for convenience.)