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Bank Account
If you will be staying in Siegen for a while or need to make
a number of payments whilst you are here, a German bank account
can come in useful. The bank account for daily life is
called a Girokonto [checking/current account]. With
this you will receive a debit card [EC-Karte] that you can use
for shopping, withdrawing money from your account, transfering
money and other transactions.
There are a number of banks with branches in Siegen. These
include in alphabetical order: Commerzbank, Deutsche Bank, Postbank, Santander, SpardaBank, Sparkasse,
Targobank, and Volksbank. Furthermore, you can open bank
accounts with online banks or banks that do not have a branch
in Siegen. Please be aware that if you need support with your
account for these banks, you will probably need to contact them
via telephone.
If you are interested in more sustainable/ethical banking, you
can find further information here and here.
What you need to know
» Many banks will
charge a monthly account fee of approx. €6–9
» Fees and types of
account can also vary based on age and student status
» Many banks charge a considerable fee if
you take money out from another bank's ATM/cash
machine
What you will need
» Your passport
» Your Meldebescheinigung
» With some banks: Your
tax
ID