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Open a bank account in Germany

A bank account abroad is one of the most attractive and thoughtful products for diversifying currency risks and protecting its assets. In fact, to ensure that your money does not suffer from the introduction of currency controls, devaluation, depreciation and other related problems, the option of storing funds in foreign currency allows you to minimize potential risks. An account in Germany is one of the most attractive options in the world of offshore banking, where you can open a bank account.
Bank account in Germany is called Girokonto. Through Girokonto, you can conduct your cashier services, and acquire related banking products, such as payment cards, make deposits, invest in different products and much more.
Every citizen of Germany has the right to open an account in a bank in Germany. As for non-residents, opening an account is also possible, but in order for it to be successful, you need to contact a professional intermediary who has a business relationship with German banks. Our company is such an intermediary, we successfully provide the service of opening a bank account in Germany and can offer you a fruitful cooperation.
The attractiveness of opening a bank account in Germany
German banks are attractive not only for their business and thoughtful management of the banking business, but also for such privileges as guaranteed insurance of all deposits in the amount of 100 thousand euros. Of course, this rule applies to other EU banks, but how many banks do you know in Germany that were associated with any scandal or went bankrupt over the past few years?
The image of the “correct” banking betrays Germany its charm. Money loves the account, and it is understood by German bankers. In addition to strict clarity in cooperation, you can count on the professionalism of bankers and an excellent choice of financial and investment products in German banks.
All German banks offer card products. Therefore, by opening an account in Germany, you can be sure that you can easily become a holder of a debit or credit card from leading providers such as Visa / MasterCard.
The cost of services and services in German banks varies. Much depends on the bank account, and the bank where you want to open an account. As in other European countries, there are investment and retail banks in Germany. If you are interested in investment cooperation, transaction and account servicing rates will be more expensive, but the investment portfolio will be created more professionally and with a higher potential to increase your savings. In the case of a retail bank, conducting cash operations will cost you less, but the investment opportunities will be more scarce.
How to choose a bank account in Germany?
When choosing a bank account in Germany, much depends on your goals and capabilities, German banks have their pros and cons. Among the advantages, the high level of professionalism of bankers, an extensive range of banking products, compliance of financial institutions with international standards of transparency and much more are worth noting. However, the level of confidentiality is European. The desire for maximum transparency and compliance with international standards makes German bankers to more carefully carry out procedures for identifying their customers and delve into the particular business of their corporate clients so that all transactions can be carried out quickly and seamlessly.
Open a bank account in Germany But, if we consider in detail, it is important to note that an account in Germany is probably not the most expensive banking product, if we consider European banking as a whole. However, this does not mean that the professionalism of banks is worse than in Austria, Luxembourg or, for example, in Switzerland.
For example, if you bring enough funds to your account in Germany, then it is possible to get lower rates for services. Also, depending on the bank in which you have an account in Germany, you will have a percentage of the balance in the account or not. In fact, it also depends on the amount of funds that you hold on your Girokonto in Germany.
Equally important when choosing a bank to open an account in Germany is good internet banking. The modern pace of life and business makes banks constantly update their Internet banks. This service is the most important when using a bank by non-residents. Besides the fact that the Internet bank must be convenient, it also requires a certain level of protection and security of customer funds.
Large banks mainly suggest using various options for safe Internet banking. For example, Mobile TAN is a code that a customer receives on his mobile phone in order to safely complete a transaction through his Internet bank.

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