Digital banks in Germany

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

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Commerzbank Kostenloses Girokonto

Commerzbank Kostenloses Girokonto logo

€0

Monthly Fee

  • Online banking app
  • €0 cash withdrawals at Cash Group ATMs
  • Virtual debit card with Apple Pay and Google Pay
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Digital banks put your finances at your fingertips 24/7. There’s a host of online 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 a digital bank account is right for you.

Compare a range of digital banks in Germany

Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
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

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.
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.
Norisbank Free Current Account
€0
5-7 working days
EUR
Benefit from a €0 account fee, free Maestro card and free cash withdrawals from thousands of locations worldwide.
1822MOBILE Account
1822MOBILE Account
€0
N/A
EUR

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.
Vivid Standard
Vivid Standard
€0
4-5 days
EUR
A free bank account with fee-free payments and transfers globally. Enjoy up to 20€ cashback per month.
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.
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.
Bitwala Bank Account
€0
Up to 14 days
EUR
A unique bank account and crypto-wallet managed through a user-friendly app with real-time spending notifications. Includes a free digital Mastercard.
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Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
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.
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.
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.
TARGOBANK 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.
bunq easyMoney Personal
€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.
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.
bunq easyGreen Personal
€16.99
Up to working 10 days
EUR
An account with an exclusive stainless steel card. Help the environment – a tree will be planted for every €100 you spend.
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Data indicated here is updated regularly
Name Product Monthly fee Card delivery Supported currencies
bunq easyTravel Personal
€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
€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
€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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*Openbank Black Friday promotion conditions: Only available to the first 2,000 customers who open an Open Payment Account and deposit at least €300 before 27 November 2020. Check Openbank’s website for full conditions.

What is digital banking?

Digital banks, also called online banks, offer a way to control your money, usually through a smartphone app or web app. They allow 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.

What are the benefits of an online bank account in Germany?

There are several advantages to signing up with a challenger bank:

  • Banking access in your pocket. Your entire bank account is built to live on your smartphone. You can send money, budget and save all within the digital bank app.
  • Fast and cheap international transfers and spending. A big advantage of online banks is they often have no fees for foreign currency transactions. This will help you save when online shopping from a site abroad, when you’re travelling and when you’re sending money across the border.
  • 24/7 support. If you need help you don’t need to visit a bank branch to get it. Just jump onto online support in your app.
  • Instant spending notifications. Know how much you’ve spent as you’re spending. Many apps tell you the time, place, location and amount of your transactions to help you keep track. You can also get notifications for your balance and other useful need-to-knows.
  • Spending and saving features. Digital bank apps offer useful budget tracking features and tools designed to get you in control of your money. This includes automatically dividing your spending into categories, making sure you have enough money to pay bills and help you save for your goals.
  • Expats choice. Digital banks are a great choice for expats as they usually require less stringent processes to sign up than traditional banks. You can also hold multiple currencies, save on fees and send money back home cheaply.

7 things to know about online banks

Here are a few things that you may not know about using your smartphone to do your banking:

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 usually be able to lock and unlock your card in case it’s stolen or you lose it. There’s also 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.

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