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<loop_index id="5ff4550809b4a">Types of German Bank</loop_index> | <loop_index id="5ff4550809b4a">Types of German Bank</loop_index> | ||
<loop_index id="5ff4550809b4f">Money Transfer</loop_index> | <loop_index id="5ff4550809b4f">Money Transfer</loop_index> | ||
====3.3.1 Factors to Consider when Opening a bank Account Bank in Germany==== | ====3.3.1 Factors to Consider when Opening a bank Account Bank in Germany==== | ||
The two main types of bank accounts in Germany are:
Girokonto: This is a current account, which is the standard type of bank account in Germany, used to receive pay-checks as well as pay bills. German banks tend to offer both, general current accounts as well as specialized accounts (for students and youth).
Sparkonto: This is a savings account, which can be opened at the same time you open a Girokonto, and you can use it to save money and earn interest. This type of account can be opened by both, German residents as well as non-residents.
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Automated Teller Machine