German banks that offer free banking

161 posts in this topic

Posted

I don't know if this topic has been asked before, but do all the Banks charge a monthly fee?

We are currently with DB and we get charged 6 Euro a month.

I know some banks waive this charge if your wage is paid in, trouble is, we are leaving Germany but need to leave an account open.

Any suggestions?

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Posted

Mine at Sparkasse charges 3 a month.

Only savings accounts are free to my knowledge.

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Posted

Yeah, mine is free but only because I stick the wage in as you rightly said.

It's scandalous, actually.

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Posted

I have a direct deposit, but they still charge me at my bank. What is that for shit.

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Posted

I just changed from DB to Postbank - no monthly charges on the Girokonto. They don't let you pick your own pin number, though...

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Posted

Postbank Giro Plus, their standard current account:

* Kostenloses Girokonto für alle Privatkunden mit monatl. bargeldlosem Geldeingang ab 1.000 €, sonst 5,90 €/ Monat

So, €5.90 a month unless you have at least €1,000 per month paid in or go for the student account.

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Posted

Has been discussed extensively before. Free bank accounts are available for specific social groups e.g. students underage unemployed or people with a secure income. Charges are the norm. Reason for that is price transparency. Other charges are lower in exchange.

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Posted

Norisbank is the no frills subsidiary of DB and offers free online and self-service banking. However, I do not think that they can offer the full range of services that DB is capable of offering.

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Posted

Free bank accounts in Germany. Those with the note "kein Mindestgeldeingang erforderlich" don't have a minimum income requirement. Not sure how they would react if you left the country though.
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Posted

DKB. I've got an account and it's free and I'm not even in Germany.

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Posted

DKB and Wuestenrot. I applied for DKB first, was refused and then went to Wuestenrot. Neither of them charge monthly fees and they even pay higher interest than the regular banks.

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Posted

Hi, if I'm on Student Visa Status will the local bank ket me open an account? Thanks

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Posted

I have just applied to open a joint account ING-DBA as I have noticed that there are no charges at all.

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Posted

I use ING-Diba too. They are totally free.

https://www.ing-diba.de/girokonto/

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Posted

I use ING-Diba too. They are totally free.

Sigh. The OP is looking for accounts that don't require a monthly minimum credit. Your account requires minimum €1,000 per month.

ING-Diba Girokonto

regelmäßige monatliche Zahlungseingänge ab 1.000 Euro

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Posted

... which is why I provided a link that shows all the known free accounts and highlights those that have a minimum income requirement...

Edit: the link didn't work in the earlier posting with some browsers. This one should. Account not requiring any specific or regular income are marked "kostenlose Kontoführung ohne Mindestgehaltseingang"

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Posted

Sigh. The OP is looking for accounts that don't require a monthly minimum credit. Your account requires minimum €1,000 per month.

Looking at the link, I don't see where they tell you that there is a monthly fee if you don't have an income of a minimum €1,000 per month. They do however have a 50€ change-from-another-bank bonus which you only get if you use this account as your main account and have an income of €1,000 or more per month.

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Posted

Cool!

When do I get my commission?

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Posted

@ Olaf--Seriously, free cash at all visa atms? No compounded interest on the cash you take out?

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Posted

Free cash?! Sign me up!!

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Posted

Sigh. The OP is looking for accounts that don't require a monthly minimum credit. Your account requires minimum €1,000 per month.

This is a condition for the 50 euro bonus credit.

I am using this account for the last 2 yrs for free and also with out monthly salary credit.

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Posted

Hey lets not pick on Olaf. I imagine he meant without associated fees.

On a side note, anyone ever had there kontos shut down for non use? I have sparkasse. And after 3 months they shut down my account without contacting me. They then charged me fees to reactivate it. The account was not in the red, I just had not made any transactions.

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Posted

@ Olaf--Seriously, free cash at all visa atms? No compounded interest on the cash you take out?

With DKB VISA Card you get free cash at all VISA ATM's.

Free cash means:

-no ATM fee

-no fee for money exchange (if not EUR)

-no interest (DKB VISA is not a revolving card. It collects all turnovers of one month and takes it at the end of the month from the DKB account, FREE. So you get also a free credit from the time of ATM usage/ credit card payment until the time the DKB VISA takes the money from the DKB account).

I have heard that some ATM's in USA charge an extra fee. This is written down clearly at the ATM. This fee DKB not gives you back.

I have never paid any ATM fees with my DKB VISA card in Germany/ Greece/ Maurice/Spain/ Danmark/ Bulgaria.

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Posted

The only thing you have to watch with the DKB account is to use your visa card to withdraw cash from ATM's and not your EC-card as they will charge you for that. I wanted to open an account with them but they refused me.

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