BayernLB, or Bayerische Landesbank, is one of the six Landesbanken or state-owned banks in Germany. Features of Postbank Giro Plus bank account for students are. 8 Steps to Study in GermanyHow To Apply To Study in GermanyGerman Education SystemRequirementsUniversities in GermanyInternational ProgrammesFinancing Your StudiesGerman Student VisaGerman Health InsuranceGermany Blocked AccountLearn German GuideGerman CitiesCost of LivingGerman Culture. Free account management – no minimum deposit and no monthly payment necessary. So, if you cannot open an online account because your passport is not accepted for PostIdent, this is the best option for international students. Cards: All the banks provide a Geldkarte (ATM Card) and most of them provide an EC/Maestro Card. Zero fees. . So, to do so, you might need to use a webcam, email verifying code, or use PostIdent, which is an approved substitute used to identify your identity, with the fee paid by the corresponding online bank. A new study says Germany is an exception with its free higher education. Aimed at international students moving abroad, Transferwise Borderless account provides free Euro Bank account with IBAN details. The cheapest Postbank Girokonto costs 1.9€/month! The current account of N26 is a modern free bank account which is subject to German deposit insurance. So make sure to close the account when you finish your university studies to avoid incurring the charges. But of the two of them, I think N26 … To open a bank account in Germany, you should provide the following documents: To open an online bank account in Germany, you will also be required to verify your identity. The Federal Foreign Office of Germany has increased the amount of money that foreign students wishing to study in Germany need to attest owning, for nearly 20%. In case you still have money left on your bank account, you also earn a decent interest (higher than most checking account) on your balance on the VISA card. Pakistan – http://www.pakistan.diplo.de/Vertretung/pakistan/en/06Legal/2__visa__longterm/2__Study__visa__Seite.html India – http://www.india.diplo.de/contentblob/3589060/Daten/3726486/sperrkonto_neu.pdf. So, sooner or later, you will need to open one, so it is better to do so as soon as you move to Germany. 3. Here are a few terms you should know when it comes to banking in Germany: Other articles you might be interested in: Free E-Book: The Essential Guide to Studying in Germany for Free. The German commercial and savings banking system is an efficient sales machine, lacking the strong controls or serious supervision from central authorities and happily unencumbered by any but the most minimal consumer protection laws. Open a free German bank account with free MasterCard. However, it provides all facilities required by a student and therefore recommended. Your email address will not be published. To read more and open a Netbank Girokonto for students click here. 1822 Direkt is an online bank with an always free bank account and provides added benefits for student account for students aged 22 to 26. DeutscheBank is the most well known and most used account by students, mainly because they have English speaking customer service and a fast opening of the account. Depending on your preferences and circumstances, you may choose from the following banking options: Let’s begin with one of the simplest (and cheapest) alternatives, TransferWise. The fully online bank N26 (formerly called Number 26) provides the most modern facilities and also provides a free bank account. It is a public regulated bank based in Munich, and as so it offers private and commercial customers a variety of services. There are also many international banks, online banks, and mobile banks … Government of Germany and Universities in Germany offer scholarships to international students and local citizens every year and we have listed here some best PhD Scholarships in Germany, Masters Scholarships in Germany… Your account may come with a small overdraft (under £100) but unfortunately, as an international student, you probably won't be able to apply for a big one.. Bank accounts aimed specifically at international students … Bafög and other Student Loans in Germany. Germany has become a popular destination for international students, which is proven by the fact that it has the third largest international student population in the world. from 6pm to 8pm, or 8pm to 8am or on all day on weekends etc,). Apply for Free credit card before 19 April 2015 and get joining bonus of €30. Required fields are marked *. English speaking customer service and English internet banking. Will be running a full review on Fintiba shortly. You can secure everything online and without any knowledge of German… Valid till March 31, 2016- open a free Commerzbank account and get upto €175 euro as cash bonus and 11,000 award miles from Miles and More till March 31, 2016. Apply for DeutscheBank Students bank account. An investor must be aware of the risks involved in using this source of advice and product. Always read the fine print or look out for such charges. The documents are, in turn, signed and sent to the bank. There is no separate account or added benefits for a student. Opening a German bank account is one of the first things you should do once you move to Germany. Commerzbank … In Germany, there is a ‘three-pillar’ banking system consisting of private commercial banks, public savings banks (Sparkassen and Landesbanken), as well as cooperative banks (Genossenschaftsbanken). Online banking … Just like the majority of expats, you must also be having questions when it comes to the procedure of opening a German bank account or even how banking in Germany works. Advantages of each free credit cards and compare the charges and information about the free credit card in Germany. In Germany, there are generous provisions for students, including a range of … To read more and open a Postbank Giro Plus for students click here, For students between 18 and 27 years of age, Volkswagen bank provides a girokonto with the following services, To read more about Volkswagen Young Giro students account click here. You can also read this article to find out how to get a German student … GLS Bank, Bochum Hamburg Commercial Bank (formerly HSH Nordbank), Hamburg / Kiel (dual seat) But, don’t worry, we’ve got you covered. It offers a free Girocard bank card and a free Girokonto if you maintain an auto-deposited minimum of 1,000€ per month. 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