Germany
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 in Germany.
"No. When I got here as a student, I worked with the Volksbank because they had a free account for students. What I didn't realize was that I could not use this Volksbank service in any other city. It's not like in the US when, for example, you have a Wells Fargo and it is irrelevant in which Wells Fargo you go to in another city or state. I eventually switched to Postbank because of their online services and CashGroup membership," said a member in Munich, Germany.
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Other Questions:
- What do I need to know before retiring in Germany?
- How do I meet people in Germany?
- What is life like in Germany?
- 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?
- Is the cost of living in Germany high?
- What advice do you have for expats having a baby in Germany?
- What are healthcare services like in Germany?
- Is the cost of living in Germany high?
- What type of recreational facilities are in Germany?
- What is the weather like in Germany?
- Are there good restaurants in Germany?
- Where will I buy groceries and do other shopping in Germany?
- What are the visa & residency requirements in Germany?
- Are healthcare and health insurance expensive in Germany?
- What do I need to know when buying property in Germany?
- Are foreigners allowed to own property in Germany?
- What appliances are typically included in a rental?
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.
