Every student in Germany needs a bank account to pay rent, receive money, and manage daily expenses. Here's how to open a student bank account in Germany, step-by-step, especially if you are an international student.
Why do you need a German bank account as a student?
Arriving in Germany without a local bank account means relying on cash or expensive services. With a German bank account, you can:
- Pay your rent and bills : landlords and service providers typically use SEPA transfers associated with a German IBAN.
- Receive payments from your blocked account or scholarship : if you are an international student, the funds from your blocked account (Sperrkonto) are transferred monthly to a regular bank account.
- Manage your daily expenses : easily track your expenses and budget in euros.
- Access online payments : university fees, groceries, subscriptions, or online purchases are usually paid by bank card or SEPA direct debit.
- Avoid high fees : some payment accounts are free, with no overdraft facility or minimum balance required.
How to open a student bank account?
Opening a student bank account in Germany is relatively simple when you have the right documents.
1. Choose the bank that suits your needs
You can open an account with:
Traditional banks
Online banks
Solutions for international students
2. Prepare the necessary documents
To open a German current account (Girokonto), the following documents are usually required:
- Valid passport
- Visa or residence permit (or proof of application)
- Admission letter or student ID card
- Proof of residence registration (Anmeldung)
- German tax ID (Tax ID) as required by the bank
To open a blocked account (Sperrkonto), you will also need to provide:
- Your admission letter
- Documents required by the embassy
- The minimum required amount for the current year
3. Open your account (online or at a branch)
Online opening (e.g.: Studely)
- Download our app on the AppStore or PlayStore
- Complete the application form to open a blocked account
- Complete video identity verification
- Upload the required documents
- Your account is usually opened within 1 to 3 days
- Make an appointment
- Submit your documents
- A consultant will guide you through the account creation process
- Your bank card and IBAN usually arrive within 3 to 7 business days
4. Activate and use your account
Once your account is activated:
- You receive your German IBAN
- You can receive money and make payments
- You get a debit card (EC-Karte)
- If you have a blocked account, funds will be released monthly according to the authorized amount
5 tips to save money with your German student bank account
Opening a bank account in Germany shouldn't be expensive. Here are some tips to avoid unnecessary fees:
1. Choose an account with no monthly fees
Opt for free accounts with no maintenance fees or minimum balance.
2. Switch to digital bank statements
Electronic statements help avoid fees associated with printing or postal delivery.
3. Pay attention to ATMs
Use ATMs from your bank or its partner network to avoid withdrawal fees.
4. Consolidate your payments
Scheduling multiple payments for the same period can simplify your budget management.
5. Track your expenses regularly
Enable payment notifications to quickly spot any unusual expenses.
Manage your money easily with Studely
With the Studely payment account, you can receive transfers, manage your student budget, and access your funds with ease.
Discover the Studely Payment Account.
Or visit our website directly: Studely.
.png)
