Best Online Bank in Germany for Expats (2025 Guide
+ Fees Comparison)
Moving to Germany as an expat can be overwhelming, especially when it comes to banking. High monthly fees, long verification processes, and language barriers make traditional banks challenging.
That’s why many expats now choose online banks in Germany. They offer lower fees, faster account opening, and usually provide English support.
Why Expats Prefer Online Banks in Germany
- Lower or zero monthly fees
- Fast account setup
- English-friendly apps and support
- Easy international transfers
What to Look for in an Online Bank
✔ English Support
Ensure the bank provides English app and customer support.
✔ German IBAN
A German IBAN is essential for salary, rent, insurance, and local transfers.
✔ Low Fees
Avoid high monthly fees and expensive international transfers.
✔ Easy Residency Requirements
Some online banks allow account opening for newcomers or pending residence permits.
Best Online Banks in Germany for Expats (Comparison)
| Feature | Online Bank A | Online Bank B | Online Bank C |
|---|---|---|---|
| Monthly fee | Low / Free | Free | Low |
| English app | Yes | Yes | Yes |
| German IBAN | Yes | Yes | Yes |
| Best for | New expats | Freelancers | Salaried workers |
Are Online Banks Safe in Germany?
Most online banks are regulated in Germany, providing secure apps, account protection, and authentication.
Advice for New Expats
Start with one online bank for daily use. It’s faster and cheaper than traditional banks.
Common Mistakes to Avoid
- Opening multiple accounts too early
- Ignoring hidden fees
- Choosing a bank without a German IBAN
Final Thoughts
Choosing the best online bank in Germany for expats depends on your situation, but online banks are the easiest and most cost-effective option.