Regarded as such for the first time:

ING-DiBa current account as a completely underestimated option for guests in Germany!

People, who have lived for some time in Germany, have made the mistake quite often that they cancelled their bank account … What else can you do, if the German bank says, “no place of residence in Germany = no account”?

Our advice always was to open an appropriate and free current account with credit card and extended service hours on time before moving from Germany. Our previous recommendation: Comdirect or DKB.

ING-DiBa – Die Bank und Du

Today, we are presenting you the ING-DiBa as an option for the first time, as it offers a few but hardly known possibilities, which are highly interesting for German expatriates (and other people)!

1. The basics

  • free current account without preliminary conditions
  • fee-free withdrawing of cash at 90 per cent of all ATMs around the globe
  • free Girocard (debit card)
  • free Visa card
  • telephone availability around the clock, 365 days a year
  • possible account supplements: call money, depot, overdraft facility and further types of credit cards
  • account opening online, legitimating through video chat or PostIdent-procedure

Through the following link, you can go directly to the current account page of the ING-DiBa ► www.ing-diba.de/girokonto … however, would you like to continue reading the article first?

2. The overdraft facility that remains, when moving abroad!

If you open your new current account at the ING-DiBa, it is automatically held as a credit account.

That means: You can do anything with the account and the cards as long as there is enough money on the account.

However, especially those who plan moving abroad may do not want to keep unnecessary money reserves in Germany (okay, there are also people, who have exactly this in mind).

2.1 Simple solution: more financial scope thanks to the overdraft facility

Use the time in which you are still in Germany in order to prepare your bank account for the emigration cleverly. That includes arranging the highest possible credit line with the bank, which will remain after the emigration!

If an overdraft facility – which is also called “Dispo” in German – is granted and registered with ING-DiBa, it will not be checked again.

Agreed overdraft facility will remain, even when moving abroad!

Advantage: You can immediately apply for the overdraft facility during the account opening. It is granted – given a corresponding creditworthiness – up to triple the amount of the monthly net income, up to a maximum of Euros 10,000.

If you are already a customer of the ING-DiBa with a current account, you can apply for the setup or change (increase) of the overdraft facility in the Menü (menu) Konten und Depots (Accounts and depots) ➜ Girokonto (current account) ➜ Mehr Funktionen (more features) ➜ Dispokredit ändern (change the overdraft facility).

In order to be granted an overdraft facility, no incoming salary or pension transfer is necessary. However, the income must be proven in an appropriate manner. This usually can be done through the last payslips.

Recommendation: Before emigration, use the ING-DiBa as your main current account. Arrange that all payments that possibly apply even after your move, will be made through the DiBa. This way, you will gain important experience with your new bank too!

My own experiences with the overdraft facility

I have opened my own current account in 2008 and immediately got an overdraft facility in the amount of Euro 4.700. I have never transferred any salary payment to the account and I have left it untouched for years. Nevertheless: the overdraft facility remained all the time.

Just by setting up this account, I have virtually created a “silent” reserve. If one urgently needs money, one could claim the overdraft facility at any time … and I actually did so in 2009 for some weeks.

2.2 Extra-Tip: Setup of an additional overdraft facility possible!

Besides the regular overdraft facility to the current account, there is also the possibility to set up a second overdraft facility at the ING-DiBa – called framework loan. Creditworthiness is required!

A framework loan is a credit line fixed by the bank that you can always use if you want.

2.2.1 Advantages of a framework loan

  • free setup
  • credit line depending on the creditworthiness between Euros 2,500 to 25,000
  • as with the overdraft facility, one only pays interest, if one is in the “red”
    (balance 0 = no interest)
  • one can use the loan anytime and pay it back anytime
    (by transfer to the loan account)
  • credit line is set up permanently (unlimited term)
  • credit line remains when moving abroad!
  • credit line can also be applied for without having a current account at the ING-DiBa!
    (There are people, who want to keep their current account at another bank, out of different reasons.)

The framework loan is applied for onlinewww.ing-diba.de/rahmenkredit
(proof of income necessary, but can be submitted later).

Rahmenkredit der ING-DiBa

Own advertisement of the ING-DiBa … but great idea!

“Unique + clever possibility”

… enhance my financial framework now!

www.ing-diba.de/rahmenkredit

3. Cash deposit free of charge from Euros 1,000!

The occasional depositing of cash at a direct bank is rather related to people living permanently in Germany … However, you should read the story of Marie and Lukas, who have opened the ING-DiBa account before moving to Canada:

We have sold lots of small items on eBay before our departure and the payments were made directly to our account at the DiBa.

A nervous, time and financial challenge was the sale of the larger pieces on eBay Classifieds with self-pickup and especially our distress sales, when the overseas container came and it became obvious that not everything would fit in there.

Finally, we held Euros 12,870 cash in hand on the last night before departure. In Canada, we would not be able do much with the Euro notes and a currency exchange there would be associated with considerable costs.

A cash deposit at our local bank with a subsequent transfer to the DiBa-account (subject to charge by the local bank) was not possible either, because it was closed at that nightly hour and would have opened on Monday again. Our flight was booked for Sunday afternoon.

The fact that the ING-DiBa has established an excellent cooperation with the Reisebank (travel bank) “saved” us and our money from overpriced fees and, possibly due to this huge amount, tough questions by the entry officials in America (reporting threshold CAD 10,000)!

We have taken all the money to the airport and deposited it there free of charge at the Reisebank.

Thank you, dear ING-DiBa, that this is possible with you and in such a great manner!

3.1 How the cash deposit at the ING-DiBa works

3.1.1 Requirements

  • Cash between Euros 1,000 to 25,000
    not more than 50 single coins per operation
  • Branch office of the Reisebank nearby
    can be found at most mayor train stations and airports
  • Valid ID-card or passport
    … and, of course, your ING-DiBa Girocard

3.1.2 Procedure

You visit one of the 100 branch offices of the Reisebank during the opening hours. The branch offices can easily be found through the Google search. They are usually located in or near the major German train stations and at major airports.

The opening hours are considerably longer than for normal banks. Of course, adapted to the tourist traffic. Often from 6 am to 10 pm – even on weekends (not all sites!).

You have to show your ID-card or passport for the legitimating and your Girocard that identifies you as a customer of the ING-DiBa. Additionally, there is the IBAN of your current account on it. In the end, the Reisebank needs to know to which account the payment should be transferred.

The fees of the deposit are borne by the ING-DiBa for you!

In the same manner, you can deposit amounts below Euros 1,000, but then you would have to bear the fees.

ING-DiBa deposit cash in Germany

4. Tax status and securities account

After emigration, the tax status changes regularly. One is no longer a German taxpayer, but a non-resident tax payer (Steuerausländer) – which is very convenient, because then all capital income is no subject to the settlement tax in Germany anymore.

Capital income – for example, interest – is then credited without deduction of tax. In order to update your tax status, please contact the customer service.

If you have a securities account at the ING-DiBa – which can be meaningful for many wealthy expatriates, e.g. keeping a part of the pension plan in Germany – you can continue with your depot as usual.

Also a depot-transfer to the ING-DiBa can be meaningful

Exception: One has become taxable in the USA (place of residence, Green Card, work place). There, the tax rules are so complex that the ING-DiBa, just like 99.9 % of all banks within the EU, decided to refrain from managing depots for US-tax payers. However, keeping a current account at a place of residence in the USA is not a problem.

Marie and Lukas, who immigrated to Canada, have kept their securities account and are pleased with the favourable conditions and possibilities of the ING-DiBa. They have not found anything comparable in Canada!

Also from this perspective, it is meaningful to keep a banking relationship with Germany!

A depot account can be opened at ING-DiBa also without a current account (separately). Here you can find the corresponding link ► www.ing-diba.de/direct-depot.

5. Receiving new cards abroad

Any bank, debit or credit card has an expiration date. This is the date from which the card will be automatically invalid. It must be replaced by the bank.

However, this is not a problem for customers of the ING-DiBa, who live abroad.

The bank sends the new cards for free abroad. The validity periods of the cards are currently 5 years (Visa Card) and 4 years (Girocard). Defective cards will also be exchanged for free.

ING-DiBa Cards

Current card design with long validity periods (1/2021). See right next to my thumb.

6. Necessarily make the account opening now ✔

One should not wait any longer with the account opening and do it at best immediately, because one gets currently a bonus of Euros 75, if one arranges to transfer the salary to the ING-DiBa, and the account does not cost anything!

Euros 75 Start Credit

Please keep the following ready for the account opening:

  • Your personal information including net income
  • Possibly ID-card/passport, if you want to make the legitimating via video chat immediately afterwards.

Plan to have about 15 minutes of your time for the account opening.

6.1 Procedure

  • At best, go directly to this page: www.ing-diba.de/girokonto and click on the button “Jetzt kostenlos beantragen” (Apply now for free) in order to get to the online application.
Open current account at ING-DiBa now

Click on the button “Jetzt kostenlos beantragen“ (Apply now for free) and start the online application.

  • Once all data has been entered and was verified by you again for its accuracy, the bank makes a fully automated pre-check. That means that it will ask electronically at the Schufa (credit investigation company), whether everything is ok.

  • If everything is good, one can immediately proceed with the account opening. You receive the account agreement for download and a coupon for legitimating.

  • If you like, you can immediately start the legitimating via video camera. The technical service provider for this is the company WebID Solutions. The legitimating service hours are daily (including weekends) from 7am to 10 pm.

  • Alternatively, you can print the coupon and make the legitimating (Postident) through a branch office of the Deutsche Post.

  • The account application must be printed and signed, and the original document must be sent by mail to the bank. If you have opted for the PostIdent-procedure, the delivery service with the Deutsche Post is free for you.

  • If you have also applied for an overdraft facility, then please attach a copy of the last proof of income.

  • A few days later, you will receive your access data for online banking as well as your GiroCard and Visa Card in separate mailings. You can then start to use your account!

Ask your questions or additions to the account opening or use through the comments feature at the end of this page

“Free current account with great features”

7. A downside!

The account opening is only possible with a place of residence in Germany! The ING-DiBa does not accept applicants residing in Austria or Switzerland (which is what some other banks of our special portal do).

If you have already emigrated and have unregistered yourself in Germany, then the current account opening is no longer possible.

Therefore the advice: Open your bank account at the ING-DiBa today (although your emigration plans are not yet established). It is an excellent bank with a great customer service (available around the clock, including Sundays and holidays) also in Germany for the everyday use.

… and in fact, most people become customers of the DiBa without emigration intentions, but it is also a bank that remains as a banking partner in Germany after the emigration and it lets the overdraft facility continue (and does not cut it like some other banks!).

Bonus

B.1 For closure, a tip regarding withdrawing money abroad:

  • Withdrawals in Euros (e.g. France):

    Please use the Visa Card at an ATM. All incurring costs are automatically borne by the ING-DiBa for you.

  • Withdrawals in foreign currencies (e.g. US-Dollar):

    • for withdrawals up to converted Euros 286 use the Visa Card,
    • for higher withdrawal amounts use the Girocard, if possible.

    Background: For card payments and cash withdrawals in foreign currency, there is an exchange fee of 1.75 per cent, also called foreign transaction fee Exception: This does not apply to the Girocard, however, there is a general withdrawal fee of Euros 5 at foreign ATMs.

Withdrawals in Euros are generally free with the Visa Card

B.2 … and something general about the ING-DiBa

The ING-DiBa to be the largest direct bank in Germany with more than 8.3 million customers. It carries “ING” in the name, because it is a 100% subsidiary of the Dutch ING Groep since 2003.

The ING Groep is one of the 30 world’s largest banks and was classified during the financial crisis from 2008 as a “system-relevant bank”.

It operates in currently 39 countries through bank branches or significant banking shares. Also in Canada. However, it changed its name from “ING Direct” to “Tangerine” in 2014.

Whether Marie and Lukas also became customers of the ING in Canada, is not known.

Despite the common Dutch parent company, there are no advantages for ING-customers, if they work with another ING-bank abroad. These are fairly autonomous and have no co-operation program (like the Deutsche Bank has for cash withdrawals abroad).

In Germany, the roots of the Bank started in 1965. It was established at that time as a Bank für Spareinlagen und Vermögensbildung (BSV) (bank for savings and investment). It was a bank for the “humble man”, but already an exclusive direct bank.

ING-DiBa - German head quarter

Today, it is a full-service bank for any type of need – for private customers with a comprehensive range of banking services from the free current account and savings account to securities accounts up to various forms of financing (loans).

9. Summary

ING-DiBa is a modern direct bank, which is used by more than 8 million people in Germany. One can get a free current account there. The requirement is a place of residence in Germany.

If one moves from Germany later on – temporarily or permanently – one can still keep the account. Even the agreed credit lines will remain in its full extent, even if no salary is transferred to the current account.

But let’s go back to the account opening …

Please write me, if you have set up a free current account at the ING-DiBa because of this article.

I am very interested in what experiences you have made and how well it worked with the bank.

This information will then eventually be incorporated into an instruction-article. The link to this article can be shared freely. Many thanks for your support!

This is how your new online banking would look like … could you cope with it?

Online-Banking der ING-DiBa

The direct path to the account opening here ► www.ing-diba.de/girokonto

Further thrilling articles on this portal:

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Please rate the article:
Rating: 5.0/5 (6 votes cast)
ING-DiBa current account as a completely underestimated option for guests in Germany!, 5.0 out of 5 based on 6 ratings

Who writes here?

Someone who gained experience with more than 100 banks in more than 20 countries during the past 15 years. My name is Gregor and if you click to continue you can find out why I am here and what this site is for ⇒ continue.

27 Responses to “ING-DiBa current account as a completely underestimated option for guests in Germany!”

  1. Doug says:

    Gregor,

    Nice article! You may want to add one thing to reviews like this: is the bank willing to talk to you in English, in email and phone communication? Or is it one of those banks unwilling to speak English, on principle?

    VA:F [1.9.22_1171]
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    • Gregor says:

      The bank speaks generally German. This should also be noted for the e-mail correspondence. One can be lucky at the telephone customer support and may switch to English language, if the conversation partner of the bank feels competent enough to have the communication in English or possibly forward you to another employee.

      VN:F [1.9.22_1171]
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    • Celine says:

      Yes ive been with ING Diba for almost a year and really like it! I just moved to Barcelona and plan to keep my ING Diba account open! If they dont speak English they transfer you to someone that does. Their customer service is amazing and I love being able to take out money for free in any ATM in Spain with my Visa card! Highly recommend. I cannot find any similar Spanish online bans … might just end up going with ING for a Spanish account again!

      VA:F [1.9.22_1171]
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  2. Nathan says:

    Do you know how long it takes to hear back from ING-DiBa after legitimating the account info (Postident) at Deutsche Post? I sent everything 14 july but haven’t received any contact yet.

    VA:F [1.9.22_1171]
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    • Editorial Team says:

      If you haven’t received mail from the bank until the end of the week, please call this phone number: Germany 069 / 50 500 105 and enquire after the status. The telephone number is available 24 hrs/day. Good luck!

      VA:F [1.9.22_1171]
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  3. Dramil says:

    Hello,
    Thank you very much for this helpful article. I wanted to confirm that i received the 75 euros after 2 transfers of 1000 Euros each, moreover it didn’t have to be a salary 🙂 !

    VA:F [1.9.22_1171]
    1
    • Gregor says:

      That is a really good feedback 🙂 Thank you very much for that and enjoy your new bank account and cards!

      VN:F [1.9.22_1171]
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  4. atharva says:

    Hello,
    Thank you for the article and the website in general.

    Could you tell me if they accept a proof of temporary residence (as all non Eu students have) or does it have to be a permanent residence (unbefristeten aufenthaltstitel) for opening a student girokonto?

    Thanks and cheers.

    VA:F [1.9.22_1171]
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    • Susanne (editorial staff) says:

      Hello!

      In general, the ING-DiBa requires the permanent residence, but I am still trying to find out whether there are possibly exemptions from this rule for students.

      Could you perhaps let me know what the exact name of the document is that you’ve been given as a proof of temporary residence?

      Thanks.

      VA:F [1.9.22_1171]
      0
    • Susanne (editorial staff) says:

      Hello,

      I have received confirmation now: Unfortunately, they require the grant permanent residence for their giro accounts.

      VA:F [1.9.22_1171]
      0
    • Susanne (editorial staff) says:

      Sorry, let me rephrase that: They require that the applicant is granted permanent residence in Germany. So temporary student visas regrettably don’t work with them.

      Sorry that I cannot give you a more favorable answer.

      VA:F [1.9.22_1171]
      0
  5. atharva says:

    Hello,

    Thanks for the confirmation.

    ING-DiBa was not very clear on this issue, but I received communication from them saying that temporary residence proof (eAT) is permitted but my account is being rejected due to other (vague) reasons.

    Anyways, thank you again for the clarification!

    VA:F [1.9.22_1171]
    0
    • myseld says:

      Hi Atharva,

      I have also a temporary residence permit and now I need to check myself online or go to a Deutsche Post brand.

      I think my credit Schufa was damaged with my previous bank.
      Is that checked automatically or do they tell you when you identify yourself?

      Thanks!

      VA:F [1.9.22_1171]
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      • atharva says:

        Hi myseld,

        In my case, Schufa-check was done after submitting the account form and relevant documents. I wasnt involved in anyway with the check.

        The reason of rejection was very vague. I am not sure Schufa was the reason it was rejected.

        A colleague of mine also experienced the same thing. With similar monthly income (which ING was totally cool with btw),with similar financial situation (also cool with ING, i mean its supposed to be a students account and I have as much money a student has) and with no German debt. Its funny 🙂

        Cheers

        VA:F [1.9.22_1171]
        0
  6. Kate says:

    Hello,

    Thanks for a really helpful article!
    Do you happen to know if there’s an issue with sending the application form abroad (so not by Deutsche Post)?

    Thanks

    VA:F [1.9.22_1171]
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    • Editorial Team says:

      Hello,

      it’s true that ING-DiBa only grants accounts to customers with residence in Germany – but apart from that, online applications an Video-Ident can be done from any other place in the world, and if the forms are being sent by regular mail, this mail can be sent from elsewhere as well.

      VA:F [1.9.22_1171]
      1
  7. Archie says:

    Would Blau Karte be considered a permanent residence status in Germany?

    VA:F [1.9.22_1171]
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    • Susanne (editorial staff) says:

      Sorry, but the Blaue Karte, from what I understand, does not grant you permanent residence, but a limited one. Therefore, you would regrettably not qualify for a ING-DiBa giro account at this point.

      VA:F [1.9.22_1171]
      0
  8. KD says:

    Thanks for all this info. Can you tell me what the procedure is for keeping the account after you leave Germany? Can you change your address to a foreign address? I thought that if you did this, they would cancel the account. Any advice is much appreciated.

    VA:F [1.9.22_1171]
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    • Stefanie says:

      Hello,
      there will be no problem, when you leave Germany. ING-DiBa will not cancel your account. You can just change your address in your internet banking.

      VN:F [1.9.22_1171]
      0
  9. Sunny says:

    Hey,

    I love the work you’re doing here. Its not easy as a student here to understand the German Banking system.

    So i have done some reading, DKB seemed like the best option but for some reason it rejects my application at its automatic check.

    And for some reason N26 doesn’t accept my Steuer IdNr. :s . Says its invalid

    I’m from Pakitstan, earn about 450 Euros/Month. Studying Engineering here.

    Anyways, So your next best recommendations are Comdirect or Ing-Diba.

    I want
    1) The Visa/Mastercard
    2) Dont need any overdraft (or credit limit, just spending what i have in the account is enough).
    3) Cash withdrawals and payment through my credit card in my home country(Pakistan) IS AN IMPORTANT requirement.
    4) Online payments (Amazon, ebay etc.)

    I guess Germany or Europe is pretty much covered by both of these banks.

    Would really appreciate it if you can give me a recommendation based on the above stated points.

    VA:F [1.9.22_1171]
    0
    • Editorial Team says:

      Hi!

      Many thanks for the nice acknowledgement!

      Regarding your question: Both banks are excellent, and you can try to open an account there – although 450 EUR income might be a bit too little for a German direct bank with included Visa Card. Both banks offer a free giro account, and since this incurs costs for the bank, they of course want to see the opportunity, to earn them back by their customers’ use of the account and cards.

      In case it does not work out with either of those banks, you can open an account with a bank that finances itself via the account fees. This often is easier. Best of luck!

      VA:F [1.9.22_1171]
      0
  10. Mark Scott says:

    Hello, thanks for all the information on this and other banks. I have lived in Germany as a British citizen for the last 14 years. Next month I am moving to the USA. I made the mistake of telling my local bank (Volksbank) of the change of address and they said I would not be able to keep the account when I move abroad.
    I need an account here that I can use for Überweisung and Lastschrift. I just opened an account with Paycenter before reading this, I only need to prove ID at my local post offce and transfer some euros in. I am now wondering if perhaps ING-DiBa is a better option and open it before I leave and am still employed in Germany. Any advice you can give would be appreciated, thank you.

    VA:F [1.9.22_1171]
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    • Gregor says:

      The online account of PayCenter is a good option, because anyone can open it without a credit check. As an addition I recommend opening an account at TransferWise, because you cannot do international transfers with PayCenter.

      The account opening at TransferWise (which is free of charge!) makes also sense when one becomes a costumer at ING-DiBa, because international transfers between Germand and USA up to 20.000 USA via TransferWise go for a better price than directly from bank to bank.

      As long as your residence is still in Germany, I would definitely recommend applying for the giro account at ING-DiBa, because in contrast to PayCenter it is free of charge permanently!

      The account opening at ING-DiBa only works if you can prove a residence in Germany and have a certain level of credit standing. A later move abroad does not matter – you can keep the account, and later following cards will be sent to you abroad free of charge.

      Just please don’t open any securities deposits, because these would need to be closed down when you switch to a US address.

      Best of luck with the account opening and for a good move to America!

      VA:F [1.9.22_1171]
      0
      • Mark Scott says:

        Hi I thought I would leave a follow up, one to thank you…. thanks and second to say how it went.

        I applied for the giro account at ING-DiBa. It wasn’t hard but yes you do need a general understanding of German. I gave them my address, wage earnings, how long I lived at this address etc in Paderborn. It was accepted very shortly after and I was sent several welcome emails, which included a PDF to print out for an ID check at the post office. I did that the next day using my British passport in the local German P.O.
        A couple of days after that I was sent a letter with internet codes for online banking, then two or 3 days after that the bank cards.
        So all is well, I can now move to San Jose next week and still have a German bank account,thanks again for the wishes and help

        VA:F [1.9.22_1171]
        0
  11. Hugo Bertrand says:

    Hello, I’ve opened a current as well as a savings account with ING diba, I deposited last month all my savings in the extra account but today, 2nd of December, I haven´t received the interest money. do you receive it yearly instead of monthly?

    VA:F [1.9.22_1171]
    0
    • Editorial Team says:

      ING-DiBa credits you with the interest from the extra account annually towards December 31.

      VA:F [1.9.22_1171]
      0

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