Where should I setup a bank account in Germany?
We asked expats in Germany what banks they use and there advice about banking. They advised...
"Before retiring in Germany, expats should learn a basic understanding of the German language, especially if they plan on living in the country long-term. It is also important to research the different aspects of the German pension system and factor in the costs of living in a particular city or region. Expats should also familiarize themselves with the laws restricting healthcare and take time to understand the comprehensive healthcare system in Germany. Additionally, for those considering buying property in Germany, it is crucial to understand the taxation laws regarding real estate and be aware of both rental and purchasing costs. Lastly, expats should consider possible alternatives to Germany as a retirement destination, such as the other European countries that offer various benefits," remarked another expat who made the move to Germany.
"No. Only a bank that had a representative with good English and who came to our home to sign us up," explained one expat living in Munich, Germany.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What should I pack when moving to Germany?
- Where should I setup a bank account in Germany?
- Will I be able to find a job in Germany?
- What is life like in Germany?
- What do expats in Germany appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Germany?
- Is there a lot of diversity? Are people in Germany accepting of differences?
- What are the schools in Germany like?
- What are healthcare services like in Germany?
- What are medical services in Germany like?
- Are healthcare and health insurance expensive in Germany?
- What are emergency services like in Germany?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Germany?
- How are local medical facilities in Germany?
- As a foreigner living in Germany, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Where should I setup a bank account in Germany?
If you live in Germany, newcomers to Germany would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
