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Faculty of InternationalSample Institute

Bank Account

In Germany it is common to pay smaller sums in cash. Apart from cash, debit and credit cards are usually accepted. If you are staying in Germany for an extended period, are receiving a regular salary or fellowship and have to pay rent, it is a good idea to open a current account at a bank at the earliest opportunity. You can open a current account at any bank, the nearest ones are located at Zülpicher Straße, Dürener Straße and Luxemburger Straße. At the "Philosophikum" on the University campus you will find a branch office of the bank "Sparkasse Köln Bonn".

In order to open a bank account you need:

  • your passport or identity card
  • residence permit from the "Ausländeramt" (Immigration Office)
  • confirmation from the "Einwohnermeldeamt" (Residents’ Registration Office)

You will be issued with a debit card called a “EuroCheque-Karte” (EC card) for your current account which will allow you to draw cash from a cashpoint (ATM). This service is free if you use cashpoints belonging to your own bank but incurs charges if the cashpoints are maintained by other banks.

Transferring money abroad can be expensive. You should enquire about the conditions at your own bank at home in advance and possibly choose a bank in Germany that cooperates with your bank at home.