TT logo
You are viewing a low-graphics version of this page. Click the headline to view full version:

Leaving Germany but keeping the bank account open

Is this a good or bad idea? Any tax issues?

Toytown Germany > Discussion forum > Germany-wide > Finance
josh p
Next week I will return to the U.S., but I must decide whether to keep my bank account open. I don't know when I will return to Germany, hopefully about 6 months to a year from now. I'm just looking for some advice on if I should keep money in the account or if I should transfer it now. It's a student account and I get no interest, but with the Euro doing well, I think it's good to have some money available overseas. My visa is valid until March - does this matter? Also, are there any tax regulations about keeping money here while not living here? I don't think there will be any problems, but has anybody done this?
HEM
Tax is only applicable if you make capital gains. No gains no tax. This at least from the German viewpoint.
Whether the bank will claim that you are no longer a student and start levying bank charges is another matter.
Small Town Boy
Keep it, especially as it's a student account (i.e. free, presumably).
You are viewing a low fidelity version of this page. Click to view the full page.