Tue, 9 February 2010
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Expatica Germany surveyed six large banking institutions and one online provider on the various accounts they provide, EC and credits, savings accounts, ATMs and transfering money. Here is a comparative list of what we learned.Girokonten (checking accounts), monthly fees and conditions.
Comdirect.de
Free Girokonto which pays €1/month and earns 0.25 percent interest. No fee if 1,250/month is deposited. Otherwise, €4.90/month. Student Girokonto free with either a €25 signing bonus or the BahnCard 25. No minimum balance required.
Sparkasse (Berlin)
Direkt (online only), Classic & Brilliant accounts: €3.50, €7 and €13/month respectively. Students under 30 can get a Startkonto free; students over 30, €3/month. Startkontoplus, for those under 30, €3/month. Startkonto Plus allows customers to withdraw €2,500 or 2 months net income out of your account as credit.
No minimum balance required.
Commerzbank
Kostenlose Girokonto: No fee if €1,200/month deposited. Komfort Konto: €7.90/month; Aktiv Konto (online only) €4.90/month. Students: Start Konto free.
No minimum balance required as long as you have a monthly deposit made to the account. No minimum balance required.
Deutsche Bank
Three accounts ranging from €4.49 to €9.99/month; Students under 30, free. No minimum balance required.
Hypovereinsbank
Two main types of Girokonten -- Willkommenskonto (3 kinds) and GirokontoPlus (2 kinds). Willkommenskonto is free. WillkommenskontoStart is for those up to 30 and is also free. Also has Willommenskonto Start (for students) and Komfort version. For GirokontoPlus, it is necessary to maintain an average of €1,500 per quarter in your account otherwise the account costs €5/month.
Citibank
Five different types of Girokonten, 3 with monthly fees. Citibest is free and a minimum of €2,500 needs to be in your savings, investment or checking account combo at all times. The account earns up to 3.25 percent interest per year. Also, City Plus is €6.60/month and the Einzelabrechnungskonto is €9.90/month with no monthly income required. Students: City One, free.
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