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Opening a bank account in Germany

Opening a bank account in Germany

It’s not necessary to open an account in a German bank for the purchase of real estate.

The property bought in Germany can be paid for simply via transfer from any foreign banks. However, for payments of utilities and property management, and of course if you want to live in Germany, you must have an account at a local bank. Foreigners, who buy property in Germany can open accounts in any German bank. However, you must meet all the criteria of the German banks for foreign clients.

The first condition is having the German address registration. The foreigner can get registered at the residential property he has purchased.

The second condition is the proceeds to the account, possibly revenue from renting the property or income from employment on the territory of Germany. It’s also important for foreign client to have a clear income (if any) because banks strictly monitor compliance with German laws.

Application must be submitted in person. As a rule, you need the following documents: passport, proof of address in Germany, the income statement and the sales contract for the purchased property. 

After checking all the documents and the accuracy of personal information provided by the client, the account is opened. 
It is not a difficult procedure, but there are still certain conditions for foreigners.
Our company can help you open the account at some of the most successful banks in Europe. We can also provide you with experienced translator, who can help prepare necessary documents and fill in all the bank application forms.

Read more about Money and Banks in Germany

Real Estate Germany

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