You've just arrived in Berlin and want to get started right away. But where do you actually start in this urban jungle? One of the most important things is clearly to open a bank account. You need one to rent a flat or a house, to enter into a mobile phone contract, to receive your salary, to withdraw money or to do other kinds of banking transactions and begin contracts.
In Germany there are two types of bank accounts. The Girokonto, which corresponds to the current account, and the Sparkonto, which you may know as the deposit account. With the German Girokonto, however, it is usually not possible to pay via cheque. When opening a Girokonto you usually get a girocard, the German version of a debit card. With it, you can withdraw money from a cash machine. Current account balances do not earn interest.
Money that is not needed for current payment transactions can be held in a deposit account or call deposit account. This is often opened in combination with a current account.
The savings banks boast Germany's largest cash machines (ATM) network
In Germany, people still often shop with cash, even though the COVID pandemic has increased the popularity of card payments. In Berlin you will find a Berliner Sparkasse ATM at nearly every corner. In some shops you can only pay with your girocard or credit card above a certain amount, so you should always have some cash with you. The Berliner Sparkasse ATMs can be operated in various languages.
Sending and saving money has never been easier. Keep your money safe with online banking and the Sparkasse app. Enjoy excellent conditions, a wide variety of services and even expert advice at your Berliner Sparkasse.
Berliner Sparkasse is the largest regional bank in Berlin and specialises in covering the needs of expats. In 2020, 11 per cent of all online account openings took place in English. The account includes up-to-date online banking, the free Sparkassen app, use of Germany's largest ATM network and expert financial advice via chat, video or telephone or in person at one of the approximately 80 branches in the city.
If you come from a country in the European Union, you can open your bank account with Berliner Sparkasse online in just a few steps.
Open a current account online in three steps
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Residence permit in Berlin
Living and working in the German capital.
Welcome to Berlin!
Getting started with your bank account and basic features.
Basic insurances Compulsory for everyone who stays in Germany for more than three months.
Due to legal reasons, you cannot open your account online if your nationality is Estonian, Latvian, Lithuanian, Cyprian another country outside the European Union. Please book an appointment at one of our branches.
All other citizens can proceed with the online process.
You have to be a resident of the Federal Republic of Germany to apply for an account online.
The legally required identification is done via eID or video identification in cooperation with our partner S-Markt & Mehrwert GmbH & Co. KG.