Which bank account is best for online shopping in Germany?

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 Online shopping is a nightmare without internet banking in Germany. Opening a bank account is one of Germany's essential things because, without a German bank account, you cannot rent a house, get a German mobile contract, or even get an instant contract. Employers transfer salaries of their employees through internet banking. When opening a German bank account for online shopping, you have to consider the following factors.


1. ATM availability

Germany has a serious shortage of ATMs, especially in Berlin. If you have signed up with the wrong bank, you might have to pay some heavy fees for withdrawing money from an ATM, which is not from your bank. Therefore, consider the availability of ATMs for the bank you choose. Avoid those yellow-blue ATMs from Euronet because they charge a premium for cash withdrawals.


2. Online banking portal

An online banking portal is an essential thing to conduct financial transactions over the Internet. It is also known as Internet banking. It allows users to access every service available through a local branch, including transfers, deposits, and online bill payments.


3. Debit cards and cash withdrawals

Debit cards are handy when you like to go cashless on your wallet. Carrying a lot of cash with you is uncomfortable and fearful when traveling. Most banks offer an ATM card with your bank account. Gerocards are also called as EC cards in Germany. Both Girocard and Maestro cards are accepted widely in Germany. Using both cards, you can withdraw cash at ATMs with your Personal Identification Number (PIN).


4. Number of branch offices

The number of branch offices is also a consideration before choosing a bank account. Customer-related complaints have to be cleared through branch offices when no communication is provided online. Communicating with your bank should not go difficult when you need them.


5. Google Pay or Apple Pay

Google Pay allows you to pay securely from your Android smartphone, whereas Apple Pay does the same for iPhone users. You can do as much as contactless payments with Google Pay or Apple Pay when you can find an NFC-enabled terminal.


6. Easy ID verification via VideoChat

Business people from various places in Germany find it difficult to travel to banks for creating a new bank account. For these kinds of users, check if a bank provides easy id verification via VideoChat before choosing a bank account to sign up. 


7. Banking app supporting various languages

Banking apps are used to manage your account settings like UPI ID, login information, and other banking details. If you do not know German, you might find it difficult using bank apps that provide German as the medium of instruction.


8. Monthly or annual fees

Some banks charges for your bank account monthly, and some may not. Netbank in Germany charges 4.85 euros per month, and Postbank charges 1.90 euros per month. So, choose wisely before signing up with a bank account.


Below are the best banks accounts for online shopping in Germany.


N26:

The N26 bank offers an English sign up process, even from abroad. Signing up with N26 can be done completely online, and it brings banking to your smartphone or computer easily. It charges zero euros for bank account fees. Cash withdrawal inside Germany is free (only with a paid account) three times a month at any ATMs. It provides Mastercard (credit card) charges zero euros per month. The overdraft fee is 8.9% interest per annum. It offers unlimited free cash withdrawal up to 11.500 retail stores.


DKB (Deutsche Kredit Bank):

DKB is a traditional German bank and best for comfortable banking online and sign-up process. It offers great advantages compared to any other bank in Germany. Besides, it charges zero Euros for bank account fees and offers unlimited free cash withdrawals for Aktivkunden. It provides Visa credit card and DKB Live free tickets for football, ice hockey, and much more. You can freely withdraw your cash worldwide using the DKB debit card. It charges 6.74% euros for overdraft fees.


Commerzbank:

Unlike N26, Commerzbank is a traditional German bank with most bank offices in Germany. It provides an online banking portal (English), free of charge if you receive at least 700 euros per month, and a free debit card (Girocard) and credit card (Mastercard). It supports Google Pay and Apple Pay. Besides, you can open your account easily using your smartphone via VideoChat.

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