Opening a bank account in Germany can be that difficult if you have no prior knowledge about the German banking system. Germany is the highest in Europe when it comes to banking.
If you want to open a bank account in Germany, it is necessary for you to know what benefits a bank offers you and how those benefits fit your needs. Popularity should not be key reason for your choice of bank, because it is common for popular and large banks to be inconvenient and expensive.
The few services one must seek when opening a German bank account:
- Usefulness of the services offered
- Maintenance charges and withdrawal fees
- Availability of branches and ATMs
- Online service Considering all these factors, I will like to introduce you to N26 banking.
It was founded in 2013 with a goal to revolutionize the way banking services were delivered in the digital generation. Today, the company has offices in Berlin, New York, and Barcelona with more than 1.5 million customers banking in 22 European markets.
N26 banking: the benefits
Given that N26 is 100% app-based, there’s a number of advantages to smartphone banking over a traditional branch-based bank account.
Open an account, for free: Compared to some banks in Germany, N26 charges no fee to open a standard bank account.
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