Being a young person, one usually does not have a lot of experience when opening a bank account.
Especially at current accounts, one can think of some things in order to make a good impression for the bank and to obtain a bank card and Visa credit card with the according credit limit.
Account opening for Students
1. Go to the “Landingpage“ of the DKB-Cash
Please use this link https://www.dkb.de/privatkunden/dkb_cash/ dafür. Hier sehen Sie nochmals die Vorteile des DKB-Kontos. Klicken Sie nun auf „Jetzt DKB-Cash eröffnen“, um in den Antragsprozess einzusteigen.
2. Fill out the boxes
The first boxes are self-explanatory and entering your personal data will be quite easy for you. However, we will explain some field in detail, as our experiences have shown that the data is provided “too cautiously”, which caused in the worst cases, the rejection of the account opening.
Please enter the telephone number with which the bank can contact you directly, so at best your mobile phone number. This has the advantage that the customer service of the DKB can contact you directly for any queries regarding the bank account opening. Moreover, it avoids unnecessary letters and your account will be opened faster.
Inquiries by phone are relatively rare at account openings in Germany. However, this happens more often when living abroad. In this case, you could be asked e.g. about the planned use; and the bank can also find out, if the communication in German language is working fine.
As you know, the DKB is a liberal-minded bank. It has customers in all countries of the world (except North Korea). Additionally, an application for an account is possible from abroad.
No promotional calls by the bank!
Your telephone number will be saved at the DKB also after the process of your application. Sometimes, requests via e-mail are easier to be answered by phone call. In such cases, the DKB will call you. There were absolutely no phone calls for promotional purposes during the past 10 years!
Please enter the same address as stated on your ID card or other identity document. This will simplify the legitimacy through the PostIdent as well as the new WebID-procedure.
After your successful account opening, you will get sent your bank card and Visa credit card. In the ID card of the students, often the home address of the parents is stated, as an official change of registration to the place of study did not occur (yet).
Please make sure that your parents receive the mail and that you will get it as soon as possible. Once your have received your login information for the online banking, you can enter the new address there.
The new address will not be further verified by the bank. The DKB does not send any promotional mails. However, you should make sure that the bank always has your current address available.
Being a student, of course, you will choose “Student” from the drop down menu. This is obvious. You can also select “Student”, if you are in the transition phase.
This is, if you e.g. want to start with a course, but the details are not decided yet. Or if you have already completed or interrupted your studies and the subsequent use (for example, a new course) is not determined yet.
A certification of study is not required!
For the opening of the DKB account, a certification of study (registration certificate) is normally not necessary!
Current net income per month in Euro
This box is very important, as it has a significant impact on the opening of the bank account as well as the initial credit limit. Especially people, who start their first study course and move to another city, have doubts on which number is the right one here.The right number is the total of all incomes that you receive!
This total could be calculated like the following example:
- 184 Euros Child benefit
- 300 Euros Student loans
- 300 Euros Sideline job
- 50 Euros Pocket money
- 20 Euros Support from grandmother
- Total: 854 Euros!
In this calculation, it is all about the incomes, not the expenses.
The child benefit and possibly the family support are usually fixed. New students or students, who are in a reorientation phase, may not have the specific figures of the sideline job and student loan yet.
In such cases, it is meaningful to provide the bank with estimates, as:
- it does not make sense for the bank to open a bank account with credit card for people without income,
- the given information will not be verified with payslips or the like,
- the incomes do not have to flow directly into the bank account.
A proof is generally not required!
Of course, you may use the DKB account also as a salary account – this is especially meaningful, if one wants to have a larger credit line later on. It can also be used as a secondary account or for other purposes, which are presented here.
In order to apply for the DKB account successfully, one should have a disposable income of more then Euro 500 per month.
If you have less money at your disposal, then I recommend applying for the Comdirect current account. At the Comdirect, you have the possibility to waive on the Visa credit card or to obtain a prepaid version. At the DKB-Cash account, there is always a true credit card included; therefore, at least some income is necessary – even if it does not flow into the DKB account.
3. Account opening and credit limit
After you have completed the bank account application process and the identity check and the Schufa-query (credit investigation company) did not show any negative entries, you will receive a welcoming mail with your bank account number and login information for the online banking after a few days.
You will be informed about your initial credit limit (= overdraft facility) of the Visa credit card. For many students, it is Euro 500. You have two possibilities to increase it:
- Deposits to the credit card account (your balance is always available for you)
- Transfer the salary payments to the DKB account and apply for a higher limit.
… more about this topic in further articles on this special portal. On this page, it was all about providing a support for students for the application of the DKB account with Visa credit card.
“Yes, I want to have this bank account!”
… simplified credit assessments for students!
Do you have any questions about this topic?
Please use the comments box. We would be glad to help you!
Further articles about the clever usage of the DKB account:
- Open DKB bank account with instructions (English/German) ◄ very helpful!
- 3 Secrets for New Customers of the DKB
- How to apply for a 2nd Visa card at the DKB
Images: Lisa Gerhold · DKB AG