Now the deposit for studying in Germany is more than 8,200 euros. When you arrive in Germany and activate the bank, you will have 8,200 euros at your disposal. How can you keep the money idle? There are many choices in banks. Be particular about it. If you don't manage your finances, your finances will ignore you.
The DB Bank current account only has an interest rate of 0.5%. It’s crazy to put money here, so leaving a few hundred in the DB card is enough. Since there are monthly withdrawal restrictions when I first came to Germany, I tried to withdraw as much as possible every month, which was about 600 euros, and then deposited it in a bank with high interest rates. It’s not troublesome, it only takes 1 minute to transfer money online, but it will add a little interest every month. It costs nothing to transfer funds between banks in Germany! There will be rewards for opening a German bank account, ranging from 50 euros to 100 euros. High-interest banks generally have 2.2%, which is much higher than 0.5%. Students Almost all banks have no monthly or annual fees and can be canceled at any time, so for newbies, you can ask the elderly or check the forums. Many banks will have discounts. Choose an account close to your home or one with high interest rates. These bank cards can be used in daily life, such as shopping, mobile phones, Internet, houses, etc.
For credit cards, students in Germany can apply for many types, the recommended ones are DKB and Barclays.
DKB: Free for life, any VISA around the world
There is no handling fee for withdrawing cash from ATM machines, the exchange rate is slightly higher than the current exchange rate, and the initial overdraft limit is slightly lower, 500 euros, but on the Visa card The deposit balance has an interest rate of 2.55% (annual interest rate)!!!
Barclays: There is an annual fee, about 12 euros. If you encounter an event, you can be exempted for life. Others are the same as DKB. The overdraft limit is large, starting with 1,000, and with good credit it will quickly reach 10,000 euros. If you want to know more, you can follow our website!