skip to content

Opening a bank account

Students can open an account free-of-charge at any bank in Cologne. Because each bank is different, students are advised to shop around for the best terms.

A bank account is not only useful to have. It is necessary if you want to

  • pay rent (in Germany it is usual to pay rent by transferring the money)
  • process direct debit authorisations
  • pay semester fees
  • pay insurance premiums
  • make and receive international money transfers 

To open a bank account, you need the following documents:

  • passport/personal I.D.
  • residence registration
  • current proof of enrolment