Digital banks in Germany

Compare and apply for online banks and finance apps in Germany including Revolut, N26 and more.

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Norisbank free current account

Norisbank free current account logo

€0

Monthly Fee

  • Receive €100 starting credit until 30 Sept
  • Germany-wide cash deposits
  • Apple Pay
  • Flexible credit line included
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Mobile banking puts your finances at your fingertips 24/7. There’s a host of challenger banks, digital-only banks and personal finance apps available now, designed to give you better, faster control of your cash.

We’ve rounded up everything you need to know so you can decide if digital banks are right for you.

What is digital banking?

Digital banking, also called mobile banking, is a way to control your money, usually through a smartphone app or web app. It allows you to log into your account anywhere with Internet access, giving you constant visibility of your money and helping you understand the best way to manage it.

Compare a range of digital banks in Germany

Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
Tomorrow
€0
3-5 business days
EUR
A free Visa debit card with free transactions across the globe and 3 withdrawals per month for free.
Norisbank free current account
€0
5-7 working days
EUR

Receive €100 starting credit for a limited time*

Benefit from a €0 account fee, free Maestro card and free cash withdrawals from thousands of locations worldwide.
N26 Bank Account
€0
Up to 10 working days
EUR
Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save.
Comdirect Bank Current Account
Comdirect Bank Current Account
€0
N/A
EUR
A free current account with no minimum incoming funds. Includes a free Visa credit card and free cash withdrawals worldwide.
Commerzbank Kostenloses Girokonto
€0
3 to 4 business days
EUR
A current account with €0 fees and no monthly minimum payment. Includes a Mastercard Classic credit card.
Commerzbank StartKonto
€0
3 to 4 business days
EUR
A free current account for young people with a free Young Visa credit card. Cashbacks and discounts in more than 2,000 online shops.
DKB-Cash
DKB-Cash
€0
Up to 7 business days
EUR
A current account with €0 fees that comes with a free Visa credit card and free cash withdrawals worldwide.
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Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
bunq Premium
€7.99
Up to working 10 days
EUR
A card linked to up to 25 individual IBAN accounts. Earn interest on all money in your account and benefit from competitive rates and fees.
N26 You
€9.90
Up to 10 working days
EUR
A smart IBAN account with no currency conversion fees, complimentary insurances and no ATM fees here or abroad.
Fidor Smart Current Account
€5
N/A
EUR
A mobile current account with real-time notifications on your transactions. Includes a digital Mastercard with mobile payment and a Smart Banking app.
Tomorrow Zero
€15
3-5 business days
EUR
A free Visa debit card with free transactions across the globe and unlimited free ATM withdrawals per month
Targo Bank Online-Account
Targo Bank Online-Account
€3.95
N/A
EUR
An online current account that comes with a Visa credit card. Free online transfers and free cash withdrawals at more than 3,000 ATMs.
N26 Metal
€16.90
Up to 10 working days
EUR
Receive a stainless steel Metal card available in 3 shades, an insurance package and exclusive offers.
Commerzbank KlassikKonto
€4.90
3 to 4 business days
EUR
A full-service current account with no monthly minimum payment. Includes two Mastercard debit cards and a starting bonus.
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Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
bunq Travel card
€0
Up to working 10 days
EUR
A no monthly-fee card that lets you travel and spend globally using the real exchange rate. Security controls and simple payments.
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Please note these products are not licenced as banks. Check our product review pages for details.
Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
Holvi Starter
Holvi Starter
€0
Up to 10 business days
EUR
An online account ideal for new businesses with €0 monthly fees and unlimited SEPA transfers. Includes a Holvi Business debit Mastercard.
VIABUY Prepaid Mastercard
VIABUY Prepaid Mastercard
€1.65
3-5 business days
EUR
VIABUY Prepaid Mastercard comes with no line of credit and it does not require credit checks.
Holvi Grower
Holvi Grower
€12
Up to 10 business days
EUR
A full online business account with unlimited SEPA transfers, unlimited invoicing and up to three Holvi Business Debit Mastercards.
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What are the benefits of a digital bank account in Germany?

There are several advantages to mobile banking:

  • Banking access 24/7 from your smartphone
  • Low-cost travel and foreign currency transfers
  • Instant spending notifications and budgeting features
  • Lower fees to help you save

What makes mobile banking different?

Here are a few things that you may not know about using your mobile as your main point of contact with your bank:

Mobile banks can support multiple currencies

While traditional bank accounts usually only allow you to hold one currency, digital bank accounts such as Revolut allow you to hold several currencies in the one account. Revolut and other digital banks such as Wirex also allow you to trade cryptocurrencies in your account.

Cash and cheques usually aren’t supported

In Germany, digital banks usually have limitations on how many ATM withdrawals you can make a month and do not offer cheque facilities.

Travel is cheaper

Travel is big with digital banks. You will usually find these banks allow you to transfer money to other countries with low or no foreign currency transfer fees. ATM fees in foreign countries will also be lower or abolished altogether.

The digital bank may not have a banking licence

Not every mobile bank has a full banking licence. The banks are still able to conduct banking business in Germany but may be partnered with a licenced bank or financial operator, such as a payments company, to do so.

You don’t always get Internet banking

Some German digital banks require you to conduct all of your banking from your smartphone. This means no Internet banking from your computer or tablet.

Security is different

Digital banks still take security seriously, but you will see different security features. For example, you will be able to lock and unlock your card in case it’s stolen or you lose it. No need to call – you can do this in the app. With most mobile banks you can also set payment limits and turn on and off payment capabilities such as contactless payments.

The fees can be higher

Some mobile banks charge higher monthly fees for premium accounts which offer features such as insurance, discounts and more. This means a higher cost at first which will negate your ongoing costs.

Are all digital banks “banks”?

There are a number of companies offering bank accounts, finance apps and ways to manage your spending. However, not all of these are licenced as “banks”. Some providers are electronic money institutions or payment institutions.

These non-bank providers are still able to offer you debit cards and finance apps, but the account where your money is held is not considered a bank account. You are also not protected under the deposit guarantee which will safeguard up to 100,000 of your money in case anything happens to the bank. You can compare bank and non-bank providers in the table above.

What digital banks and finance apps are available in Germany?

There are a number of mobile banks and finance apps available in Germany. These include:

  • Revolut.Revolut is a global finance app that offers budgeting tools, international currency exchange, travel insurance, cryptocurrency facilities, virtual cards and more.
  • N26. This is a digital bank account that lets you save and budget. Using N26 you can transfer money to other N26 users, use optional travel insurance and benefit from cashback.
  • bunq. A bank account designed for global citizens, bunq offers up to 25 bank accounts with unique IBANs, savings and budgeting tools, money transfers through Transferwise and no foreign exchange fees.
  • Tomorrow Bank. This is a money management solution with a difference. Tomorrow offers a useful account with free ATM withdrawals and foreign currency spending (if you opt for the premium account) but you will also be able to help the environment. Tomorrow lets you offset your carbon footprint and doesn’t invest in harmful industries.
  • Norisbank. Norisbank is a subsidiary of Deutsche Bank and offers a free checking account. You can benefit from spending notifications, no ATM withdrawal fee at thousands of locations and an optional credit line.
  • Fidor Bank. This digital bank lets you manage your money easily within the app as well as buy and sell cryptocurrencies and trade foreign currencies. Fidor Bank also offers an optional overdraft available as well as a range of insurances.
  • Monese. With Monese, you’re able to open a UK current account with no proof of address required. You can then receive real-time notifications and make ATM withdrawals and foreign currency transfers up to a certain limit.
  • Wirex. This is a global banking platform that gives you a multi-currency account which includes cryptocurrencies. You get 11 supported traditional currencies as well as 9 cryptocurrencies that you can buy, sell and manage in your Wirex account.

How to get started with a digital bank

You can sign up with a German digital bank by downloading your chosen bank’s app onto your smartphone. You will need a few of your personal details to sign up, including your full name, date of birth, address and email address. You will need to confirm your identity and may need to deposit funds into your account to make it active. Then, your bank account will be created.

Read more on this topic

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  • Revolut vs N26 Revolut and N26 are two popular digital banks in Germany. We compare everything you need to know about them to pick the right one.
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  • bunq vs Monese Two of Germany's challenger finance apps compared side by side to help you find the right digital bank for your needs.
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  • Prepaid cards in Germany Prepaid cards are safe, useful financial tools to manage your cashflow.
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