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Germany | Where should I setup a bank account in Germany? | Expat Exchange
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Main train station in Frankfurt, Germany

Where should I setup a bank account in Germany?

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William Russell
William Russell
William Russell
William Russell

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," said a member in Germany.

HomelikeHomelike
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We've partnered with Homelike, to connect expats and newcomers with temporary accommodations in Germany. If you're moving to Germany, rent a short-term, furnished apartment or home for the first few months from Homelike and take your time figuring out the best place to live in Germany.

HomelikeHomelike

We've partnered with Homelike, to connect expats and newcomers with temporary accommodations in Germany. If you're moving to Germany, rent a short-term, furnished apartment or home for the first few months from Homelike and take your time figuring out the best place to live in Germany.
Get Quote

"No. Only a bank that had a representative with good English and who came to our home to sign us up," remarked another expat who made the move to Munich, Germany.

Other Questions:

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.

If your answer relates to a specific city or town in Germany, please include the name of the city/town below:


About the Author

Joshua Wood 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.

Main train station in Frankfurt, Germany

SJB Global
SJB Global

SJB 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.
Learn More

SJB GlobalSJB Global

SJB 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.
Learn More

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William Russell
William Russell

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