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Account costs

Kreditkarten übereinander liegend
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It's easy to get a free account during your training. Nevertheless, you have to be careful that you don't end up having to pay for your account.
What does my account cost?

Account management fees: free of charge

As long as you are still at school, in an apprenticeship or at university, all banks offer you a free current account with a debit card. People who are already working, on the other hand, have to pay account management fees at most banks. These fees are often made up of a lump sum for certain services, e.g. for online banking, and costs for other services, e.g. fees for transfers. How free is free? Even if you have a free account, you should read the small print. Some banks also charge fees for free accounts, for example for over-the-counter transfers. And there's another thing: overdrawing your account is always expensive. You have to pay interest for every cent that your account is below zero. However, you can have the bank block the ability to overdraw your account.  
Tip
How to stay in the green: How do I keep my account free?

Differences in performance

While you're comparing, take a look at what's on offer: For example, is a credit card (from the age of 18) included? And think about what you need from a bank. If personal advice is important to you, then an online bank is probably not for you. If you're mainly online anyway, it's best to research which banks offer the best internet banking tools.

FAQ

Yes, many banks offer free accounts for pupils, apprentices and students. But: read the small print – some services may still incur fees.
For example, for over-the-counter transfers, account overdrafts or additional services such as credit cards. Online banking can also cost extra at some banks.
Then you pay overdraft interest – and this is often very high. You can apply to your bank to prevent your account from being overdrawn.
This is a monthly lump sum that banks charge for managing your account – usually only when you are no longer in training.
Think about what is important to you: personal advice or good online tools? Compare offers and pay attention to included services such as credit cards or apps.

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