The 7 Best Banks for International Students in Germany

Why Choosing the Right Bank Account Is Essential for International Students in Germany

Starting a new chapter abroad means juggling rent, groceries, tuition, and more—all in euros. Your choice of bank account can make this daily balancing act smoother or add extra fees and paperwork you don’t need.

First, a student-friendly account often comes with zero monthly fees, unlimited free withdrawals, and online tools that let you track spending on your phone.

Second, opening a German account is usually mandatory for your visa—authorities check your IBAN to verify you have sufficient funds.

Third, local banking gives you direct access to SEPA transfers, which speeds up rent payments and scholarship deposits without hefty costs.

Beyond saving money, a reliable account helps you build credit and understand German banking habits. Features like real-time spending alerts and integrated budgeting tools let you avoid overdrafts and stay on top of your finances. Choosing the right bank account isn’t just a formality—it’s a foundation for a stress-free student life in Germany.

Choosing the right bank can save you time and money. Here are the 7 best banks for international students in Germany, highlighting fees, digital tools, and student perks:

1. Deutsche Bank – Reliable and Recognized for Blocked Accounts
Deutsche Bank is one of Germany’s largest and most established banks, with a strong reputation among international students. It’s widely recognized by German embassies and consulates, especially for blocked accounts. While opening an account can take some time due to paperwork and verification steps, it remains a trusted option. Deutsche Bank offers English-language customer service in major cities and a solid mobile app for daily banking needs. However, unlike digital banks, you may be required to visit a physical branch to complete your application.

2. N26 – 100% Digital, English-Friendly, and Fast Setup
N26 is one of the most popular mobile banks among international students thanks to its fast, fully digital onboarding and English-language app. You can open an account in minutes directly from your smartphone, which is ideal if you prefer to avoid paperwork and in-person appointments. N26 offers a free basic account with no monthly fees and real-time notifications for every transaction. However, it does not offer blocked accounts, so it is best used as your main daily-use account once you arrive in Germany.

3.DKB (Deutsche Kreditbank) – Solid Digital Banking Option
DKB (Deutsche Kreditbank) is a reputable German bank offering an online-based current account with attractive features. After receiving your residence permit, you can apply for a DKB account and enjoy free ATM withdrawals across the Eurozone, along with access to a secure and user-friendly mobile app. Although the website and customer support are primarily in German, students with basic language skills may find DKB a solid long-term choice. The bank is also known for competitive interest rates and a stable, secure banking environment.

4. Commerzbank – Traditional Bank with Student Account Benefits
Commerzbank is one of Germany’s major traditional banks and offers a free current account for students under certain conditions. You can open the account online or in-branch, and you’ll receive a German IBAN and debit card (Girocard). While their app and website are mostly in German, many branches in larger cities offer English-speaking staff. Commerzbank is also an excellent choice if you prefer to speak with someone face-to-face and need access to physical services like cash deposits or official bank statements.

5. Sparkasse – Local Access and Strong In-Person Support
Sparkasse is one of the largest banking networks in Germany, with branches in nearly every city and town. It’s a great choice for international students who prefer face-to-face support, especially when setting up their first account in Germany. Sparkasse offers tailored student accounts with low or no monthly fees, and services such as online banking, debit cards, and direct SEPA transfers. While not the fastest option for blocked accounts, it’s highly reliable and ideal if you value local accessibility and in-person customer service. Most services are in German, so basic language skills can be helpful.

6. Revolut – Flexible Digital Banking for International Use
Revolut is a popular fintech app offering a fully digital banking experience, ideal for international students managing finances across borders. With its multi-currency features, real-time spending notifications, and competitive exchange rates, Revolut is perfect for everyday spending and international transfers. While it isn’t accepted for blocked accounts required for student visas, it’s an excellent secondary account once you’ve arrived in Germany. Students benefit from no hidden fees, easy budgeting tools, and a sleek mobile app. Just note: as Revolut isn’t a traditional German bank, it may not be suitable for handling certain local payments like rent or insurance.

7. ING – Easy-to-Use Online Banking with a Solid Reputation
ING is one of Germany’s most trusted online banks, known for its user-friendly interface and strong customer service. It offers a free current account (Girokonto) for students, along with a well-designed mobile app and convenient online banking tools. While ING does not provide blocked accounts for visa purposes, it’s a solid choice once your residence permit is approved. Students benefit from features like free SEPA transfers, contactless payments, and access to a wide ATM network. Most services are in German, so basic language skills are helpful, but the platform’s intuitive design makes it easy to navigate.

8. Studely – Tailored Financial Solutions for International Students
Studely specializes in financial services designed specifically for international students preparing to study in Germany, France, or Belgium. With Studely, you can open a blocked account (Sperrkonto) accepted by German authorities for visa applications, as well as a payment account to manage your daily expenses upon arrival. The process is fast, 100% online, and guided in English and French—ideal for students who want a smooth, multilingual experience. With competitive fees, zero monthly charges, and dedicated support throughout your journey, Studely is more than just a bank—it’s a partner in your international student life.

How to Compare Bank Fees and Services

Choosing a bank in Germany goes beyond picking a big name—it’s about finding the right fit for your needs as a student. Here’s what to consider when comparing your options:
1. Monthly Fees:
Some banks charge maintenance fees ranging from €0 to €5 per month. If you’re on a tight budget, prioritize accounts with no monthly charges or hidden fees.

2. ATM Access:
Look at how many free ATM withdrawals you get—both in Germany and abroad. Some banks offer unlimited free withdrawals, while others limit you to 1–3 per month before adding fees of €2–4 per transaction.

3. International Transfers:
Review the fees and exchange rates for sending money abroad. At a minimum, your account should offer at least one free SEPA transfer per month, plus fair foreign exchange rates if you plan to send money home.

4. Mobile App Functionality:
A modern, user-friendly app is essential. Features like instant transaction alerts, easy expense tracking, and 24/7 customer chat can make day-to-day banking smoother.

To simplify your decision, rank each factor—cost, convenience, and support—based on your personal priorities. Give each bank a score out of 10. This quick comparison method helps you confidently choose the bank that best fits your student life in Germany.