The German Bank Account* (current account) we offer is a digital bank account that you can use for your everyday banking needs.
With this bank account, you will have a German IBAN (starting with the country code DE) and a digital Mastercard. You can also order a physical Mastercard.
You will have to connect this account to your smartphone to access it, for which you will need your own German phone number. If you do not have a German phone number yet we recommend to check out our Top Mobile Network Providers in Germany article for some tips.
You can use this account for all standard transactions in any SEPA (Single Euro Payments Area) country, including:
- transferring funds
- receiving funds (for example the monthly payouts from your blocked account!)
- withdrawing cash from ATMs
- using your digital or physical card to pay at stores
- pay your bills with direct debit
- etc.
Is this account different from the Blocked Account?
Yes. The German Bank Account and the Blocked Account are different products. The money from the Blocked Account is not directly accessible. You will not be able to use the blocked account to pay for rent or cover your daily expenses with a card like you would with a normal current bank account ('Girokonto' in German). Therefore we provide you with a German Bank Account* (current account) to activate your Blocked Account and have the payouts transferred from your Blocked Account to your bank account monthly!
The German Bank Account* is what you need in Germany to pay your rent and bills, shop, and make transfers using your digital or physical card!
*Banking services are provided by our partner Aion Bank