B a S IS - Studentenwerk Schleswig-Holstein
B a S IS - Studentenwerk Schleswig-Holstein
B a S IS - Studentenwerk Schleswig-Holstein
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BANKING IN GERMANY<br />
While you are studying in Germany, you will probably need to open a bank<br />
account with a German bank.<br />
Advantages to Having a Bank Account in Germany<br />
� Exchange currencies<br />
� Purchase stocks and bonds<br />
� Take out a mortgage<br />
� Purchase travelers’ checks<br />
� Make international electronic transfers<br />
� Convenience through online banking<br />
Opening an Account<br />
Before you open an account, make sure to do as<br />
much research as you can. There are many subtle<br />
differences among the different banks in the area<br />
and you should try to make the best decision for your<br />
personal situation.<br />
Here are some questions to ask yourself, when looking<br />
for a bank:<br />
� Is the banking institution accessible in your home country?<br />
� What are the costs of making international transfers?<br />
� What kinds of interest (die Zinsen) does the bank offer?<br />
� What fees does the bank charge?<br />
Before meeting with the bank, check to see what documents you need to bring<br />
with you.<br />
50<br />
Maintaining a budget<br />
as a student does not have<br />
to be complicated.
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