Sun, 27 May 2012
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|---|---|---|
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| FTSE 100 | 5351.53 | 0.03 |
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| DJIA | 12454.83 | -0.60 |
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| Straits Times | 2772.75 | -0.24 |
| ISEQ 20 | 500.94 | 1.55 |
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A brief introduction to the Banking section for Expatica Germany.If you're an expat, you'll need to open a bank account in Germany. The paperwork associated with international banking can be a hassle at first, but it often eliminates the fees associated with withdrawing cash from back home. Overseas savings accounts also give you quick access to cash and a face-to-face relationship with local financial advisers who can help you with international mortgages and other loans. Different countries have different rules on foreigners' accounts, so check out the Banking section to learn more about banking in Germany.
Choosing a bank in Germany
Before you open an expat bank account, make sure that you know who owns the bank, its credit worthiness and which jurisdiction it falls under. As one of our experts advises, “In light of recent turbulence in the banking sector, you need to know if your bank deposits are protected by any government scheme. Each jurisdiction has a different position on this, and offshore accounts in particular should be checked." 
And, as our article ‘Depositors, beware!’ points out, be sure to diversify your assets.
Keeping up-to-date
Expatica’s banking channel keeps you up-to-date with news from the financial world. Articles cover everything from the local and worldwide economic climate to mergers and acquisitions in the banking sector to the benefits of Islamic banking.
Ask the expert
Expert articles include the most cost-effective ways of transferring money abroad and choosing a bank which suits your specific needs as an expat. You can find expert tips in articles like "Expert tips: How to invest your money wisely" and "Expert tips: How to get a decent return on your savings".
Ask our banking experts
Make use of our Ask the Expert section to pose your questions on your local banking system to experts in Germany.
Want to move to Germany but haven’t figured out the details? Check out Expatica’s overview of the German permit system.
In part one of our two part series, we cover the driving culture in Berlin, where to park and buy gas and, most importantly, the laws.
Our comprehensive guide includes information on how to find work, recruitment agencies, employment contracts and labour law.
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