A Girokonto (current account) is essential for managing day-to-day finances in Germany, from receiving a salary to paying rent and making online purchases. While traditional banks used to offer free Girokonto accounts, most now charge fees. However, free Girokonto options still exist, especially with online banks.
If you are looking for a free Girokonto in Germany, check out the best options on Tarifcheck to compare and choose the best one for your needs. Tarifcheck and Check24 are the same company, providing a comprehensive comparison platform for banking and financial services in Germany.
1. Why Do You Need a Girokonto in Germany?
A Girokonto is the most common type of bank account in Germany and is required for:
- Receiving a salary from your employer.
- Paying rent, utilities, and phone bills via direct debit (Lastschrift).
- Making cashless payments in stores and online.
- Setting up insurance payments and subscriptions.
Without a Girokonto, managing finances in Germany can be challenging.
2. Best Free Girokonto Options in Germany
Traditional banks like Deutsche Bank, Commerzbank, and Sparkasse no longer offer free accounts, making online banks the best choice for a free Girokonto. Some of the best options include:
- C24 Bank – A modern digital bank with free Girokonto options, cashback benefits, and a user-friendly mobile app.
Pros:- Free banking
- Cashback rewards
- Mobile-first banking
Cons: - Limited branch access
- Primarily app-based services
- N26 – A fully digital bank with no monthly fees, great for expats and frequent travelers.
Pros:- No hidden fees
- Intuitive mobile banking
- Multi-currency transactions
Cons: - No physical branches
- Limited cash deposit options
- DKB (Deutsche Kreditbank) – Offers a free account if you meet income conditions (minimum €700 deposit per month).
Pros:- Free Visa card
- High security
- Good interest rates
Cons: - Fees apply if income condition isn’t met
- Customer service can be slow
- ING Germany – Free for active users (regular transactions required).
Pros:- Strong reputation
- Excellent customer service
- Free ATM withdrawals
Cons: - Requires regular activity to stay free
- Fewer digital banking features
- comdirect – Free online banking with no hidden fees, a subsidiary of Commerzbank.
Pros:- Wide ATM network
- Strong online banking services
- No maintenance fees
Cons: - Some premium services require a fee
- Revolut & Wise – Good for international transactions but limited local banking features.
Pros:- Competitive exchange rates
- Fast international transfers
- Multi-currency support
Cons: - Limited in Germany for direct debit and SEPA transactions
- No overdraft facilities
To compare the best free Girokonto offers and apply online, visit Tarifcheck.
3. How to Open a Girokonto: Step-by-Step Guide
Opening a bank account in Germany is simple if you follow these steps:
Step 1: Choose the Right Bank
Compare different banks based on their fees, services, and online banking features. Use Tarifcheck to find the best free Girokonto for your needs.
Step 2: Gather the Required Documents
Most banks require the following documents:
- Valid passport or national ID.
- Proof of address (rental contract or registration certificate – Meldebescheinigung).
- Proof of employment (if applicable).
Step 3: Apply Online
- Many online banks allow you to apply through their website.
- Traditional banks may require an in-person visit (though they often charge fees now).
Step 4: Verify Your Identity
- Online banks use VideoIdent (video call verification) or PostIdent (verification at a post office).
- Traditional banks verify your identity during the branch visit.
Step 5: Activate Your Account
- Once approved, you will receive your IBAN (International Bank Account Number).
- Activate your account by logging in and making a small transaction.
Now you’re ready to use your Girokonto for payments, transfers, and more.
4. Conclusion
If you’re looking for a free Girokonto in Germany, traditional banks are no longer the best option. Instead, online banks like C24, N26, and DKB provide free and user-friendly banking solutions. By using Tarifcheck, you can compare the best options and open a bank account with ease.
For more tips on financial management in Germany, stay updated with germanysupport.de.
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