Assessing the merits of current bank accounts is beneficial.
In a comprehensive comparison of 15 checking accounts, BÖRSE-ONLINE has named the N26 account as the top choice for most German users, particularly newcomers and expatriates. This digital bank is widely praised for its value, ease of use, and free standard services.
The N26 account offers a multitude of benefits that make it an attractive option. These include no monthly fees for the standard account, a free Mastercard debit card, free ATM withdrawals worldwide, low fees on international transfers powered by Wise, and a smooth digital experience with an intuitive interface.
Despite occasional shortcomings in customer support and eligibility restrictions for some citizenships, N26 remains the #1 choice for newcomers due to these benefits.
Other strong contenders in the German market include DKB, Klarna, and Deutsche Bank. DKB offers free worldwide payments, free ATM withdrawals worldwide, and a cheap credit card, but requires a good SCHUFA credit score and is not available to newcomers. Signup may take up to two weeks.
Klarna, known for its integrated shopping and payments, offers installments with lower fees and multilingual support. However, it only provides 2 free ATM withdrawals per month and does not support cash deposits.
Deutsche Bank, a traditional brick-and-mortar bank, offers English service and the ability to open an account remotely, but charges monthly fees starting at €6.90.
For those seeking a savings-focused account, TF Bank’s Flexible Savings Account offers one of the best interest rates but lacks the features and accessibility of a checking account.
It's worth noting that Santander's "Best Giro" checking account is also highly regarded. This account is completely free, regardless of deposits or other activities, and offers a €75 bonus when you switch. It includes a Visa debit card for free.
While the BÖRSE-ONLINE checking account comparison does not specify which account is the best, it does offer up to €75 bonus and can help find the ideal provider quickly and easily, saving costs for users. However, it does not provide details on the conditions or fees of the various checking accounts.
In today's banking landscape, where many banks are increasingly charging fees for checking accounts, using a comparison tool like BÖRSE-ONLINE can be invaluable in finding the provider that best suits your needs and saves you costs.
- For personal-finance management, the N26 account, despite occasional customer support issues and certain eligibility restrictions, is generally recommended for newcomers and expatriates due to its free standard services, such as no monthly fees, a free Mastercard debit card, worldwide ATM withdrawals, low international transfer fees, and an intuitive interface.
- In the German market, DKB and Klarna are strong competitors offering differing benefits. DKB offers free worldwide payments, free ATM withdrawals worldwide, and a cheap credit card, but requires a good credit score and is unavailable to newcomers, while Klarna provides integrated shopping and payments, installments with lower fees, and multilingual support, but only offers 2 free ATM withdrawals per month and does not support cash deposits.
