On this portal we recommend the Deutsche Bank, especially in the area of immigration, because it is the only bank represented nationwide offering bilingual online banking.
English Online Banking
With one click, you can switch between German and English while banking online with Deutsche Bank.
In addition, the conditions are very acceptable, if you know how to properly use the bank and the account. You will find out how to do this on this page.
Advantages of a checking account at the Deutsche Bank
- Online Banking (German/English)
- Free Deutsche Bank card
- Free cash withdrawal in several countries
- Optional securities account
- Open a bank account in the branch or online,
Proof of identity in the branch or via Postident
For anyone 30 years and younger, the account is free of charge: www.deutsche-bank.de/pbc/pr-junges_konto (otherwise 4,99 euros per month).
Summary of the Advantages of the SparCard
- Free cash withdrawal in 30 countries
- Free cash deposit in Deutsche Bank branches
- Interest on deposits
- Further information on SparCard (link coming soon)
The Sparcard can be applied for without a checking account and thus no credit check will be completed by the Deutsche Bank. However, payments transactions (bank transfers etc.) are not possible.
Why Deutsche Bank?
For many people, the brand “Deutsche Bank” is sexy. Is it not a great feeling, to be a customer of Germany’s largest bank and to show it when paying with the Deutsche Bank card?
Granted: Good – sometimes even better – banking services are offered by other banks. But the brand is unique.
Deutsche Bank = a Strong Brand
In some areas, such as the option to switch between German and English at any time on the internet page and online banking, the Deutsche bank is unique. This feature makes it especially easy for foreigners and immigrants to learn and use the German banking system.
Likewise, the personal contact in the many branches in Germany is often used by people who are not so comfortable using online banking.
Free Cash Withdrawals
With the Deutsche Bank card, as well as the SparCard, it is possible to withdraw cash from thousands of ATMs in Germany (via the CashGroup) and in other countries through partner institutions in Italy, Poland, Spain, Hong Kong, USA, Great Britain, Kenya, Mauritius, Tanzania, Zimbabwe , France, Canada, Chile, Mexico, Australia and New Zealand.
Free Cash Deposits
Of course you can make deposits at any branch of Deutsche Bank to your own checking account free of charge.
Outside of business hours, the deposit machines can be used. This function is also available for holders of the SparCard. We are working on articles to let you know what meaningful possibilities this will open up,
Deutsche Bank AG · Main Contact
- Taunusanlage 12
60325 Frankfurt am Main
- Telephone: +49 69 910-00
Open an account with the Deutsche Bank
Accounts can be opened at every branch of the Deutsche Bank. In most cases, an appointment is not necessary. The following are required in order to open an account:
- An identification document (ID card or passport)
- If necessary, a document which shows the current address
- If an application for a credit card or a checking account with overdraft will be made, then salary slips are needed.
“Account with the Deutsche Bank”
… free for young people!
Alternatives to a Deutsche Bank Account
Based on the conditions DKB (Deutsche Kreditbank AG) is clearly better. DKB is a bank without branches, so sometimes it is not so easy to open an account with them. German language skills are required.
With many branches in Germany, the Deutsche Postbank AG is an alternative to Deutsche Bank. Opening an account can be done online or in the branch.
Onlinekonto of PayCenter
Perhaps this is somehow an unusual offer: PayCenter is a provider, where you have to pay fees for the account management and account usage. This circumstance has an important background: the provider earns good money since years. It does not matter whether you use the account or not. That gives you two important securities:
- your account won’t be cancelled, if you use it “too much” or “too little”.
- account and provider remain permanently in this form (= virtually a guarantee of existence for the account).
The account opening is possible with a place of residence in Germany or abroad. There is no creditworthiness check. No Schufa query. No Schufa entry. The account can be used as a business account (corporate account). Soon, the online banking will be available in English too. The account opening is possible within 2 minutes: See all information.