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Postbank current accounts

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Which Postbank current account is right for you?

Postbank offers five current accounts for you to choose from, each with its own special features and fees. This review will explore how each Postbank current account works to help you decide which account could be best for you.


Management Fee


Card Fee


Interest Rate


Product NamePostbank The Online Account
Management Fee€1.90
Card Fee€0
ATM Withdrawal€0
International ATM Withdrawal1.85%
Interest Rate0%
More Info

How does a Postbank current account work?

A Postbank current account is a bank account that helps you conduct your day-to-day payments easily. It allows you to conduct bank transfers, make cash withdrawals, spend with a credit/debit card and conduct direct debits. Do note that as these accounts are intended for everyday spending, you will not earn interest on your balance.

In addition to this, select Postbank current accounts offer overdraft facilities, which allow you to withdraw cash beyond what you currently hold. The availability of this feature depends on the Postbank account you’ve chosen as well as your creditworthiness.

What features come with Postbank current accounts?

Postbank current accounts, just like standard current accounts, make it easy for you to send and receive money. In general, you can expect the following features with your Postbank current account.

  • Online and mobile banking. Access your current account anytime, anywhere using Postbank’s YOUNG MONEY app — which is available on both iOS and Android devices.
  • Make payments online. Postbank current accounts use paydirekt to help you pay for online purchases safely and securely.
  • Free cash withdrawals. Postbank allows you to withdraw cash for free from Postbank ATMs, participating Shell petrol stations, select Cardpoint machines, and all Cash Group ATMs.
  • Contactless payments. Pay quickly and securely using Postbank’s contactless payments card feature. You can simply tap and hold your card to pay, without inputting your PIN number, for purchases less than 50 euros.
  • Approve transactions with biometric passwords. Postbank has partnered with the BestSign app to help you approve transactions using fingerprint or Face ID on your mobile phone.
  • Securities account with fee-free management. All Postbank current account users receive a free securities account.
  • Switch easily to Postbank. Worried about the hassle involved with changing current accounts? Postbank has partnered with FinReach to help users switch to Postbank easily. All you need to do is specify three parties who should be notified of your account change.

Types of Postbank current accounts

Compare Postbank with a wide range of current accounts in Germany

Data indicated here is updated regularly
Name Product Management Fee Interest Rate Overdraft Card Fee
Commerzbank Free current account

Receive €100 starting credit after 3 months of account activity

A current account with €0 fees and cashback at select Shell petrol stations. Includes a Mastercard Classic credit card.
1822MOBILE Current Account
1822MOBILE Current Account

Receive €20 credit when you open an account and use it to receive your salary. Open by 30 November 2020.*

Free account management, €20 when you open an account, up to €100 referral bonus and a free savings bank card: your current account 1822MOBILE offers all of this.
Comdirect Bank Current Account
A free current account with no minimum incoming funds. Includes a free Visa credit card and free cash withdrawals worldwide.
Norisbank Top Current Account
Benefit from a €0 account fee, free Maestro card and free cash withdrawals from thousands of locations worldwide.

Compare up to 4 providers

How much does a Postbank current account cost?

Here are the types of fees you can expect with a Postbank current account:

  • Account fees. Depending on your account type, you may be subject to administrative fees ranging from €1.90 to €10.90 each month.
  • Card-related fees. Whether you opt for a Visa or MasterCard to Postbank, you may be charged card-related fees including card delivery fees, card replacement fees and monthly card fees. Postbank’s Visa card, for example, comes with an annual fee of €29 after your first year of usage.
  • Overdraft fees. If you choose to take up a line of credit with Postbank in the form of overdraft features, you will be charged interest on the amount your draw. Do note that this interest amount will vary depending on your borrowed amount and financial profile.

Pros and cons of Postbank current accounts

  • Quick and convenient sign-up process
  • A good range of accounts for you to choose from
  • Competitive monthly fees and low miscellaneous costs
  • Basic features of the cheapest accounts may not be sufficient for your spending needs

How to sign up with Postbank

Sign up for Postbank easily online. Before signing up, however, make sure that you have all the required documentation on hand. While this may differ across account types, the required documents generally include:

  • Valid identity card.
  • Salary statement for last three months (for those interested in applying for a credit card or overdraft facilities).
  • Proof that you are a trainee or student (for those signing up for the youth account, or looking to waive the online account monthly fee).
  • Parental consent (for youths).

Once you have these documents, you can proceed to sign up for your current account.

Visit Postbank’s website, select your desired account and click the “Complete Online” button. Fill up the online form and submit pictures of requested documents. You may later be asked to verify your identity either by visiting a physical bank branch or via video call.

Frequently asked questions

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