Once your Blocked Account is open, you can transfer your blocked amount to it. With Expatrio Payment, you can transfer the funds in your local currency if you wish.
- German Bank Account
Free German Bank Account
Study Hard, Bank Easy!
Easy banking for a brighter life in Germany.
Send, receive, and manage your money in one place with our Bank Account in the Expatrio Value Package.
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Free German Bank Account for your life in Germany.
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Seamlessly opened together with your Blocked Account, no German residence permit needed for opening.
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Protected up to €100,000. Free digital Mastercard. Tailored for internationals.
How our customers feel about our Bank Account
"I think it’s the best way for students. You receive your physical card, you can add your virtual card to your wallet, and enjoy your time without worrying about added problems. Thank you Expatrio team ❤️"
Sara
Morocco
"Had a very smooth experience using the banking app."
Mobish
India
"The Bank account works just like a traditional bank account. Online payment is fast and reliable."
Emmanuel
Ghana
Banking tailored for internationals
Welcome to seamless banking in Germany!
Whether you're an international student, a working professional, on the job hunt, or just thinking of relocating to Germany for a fresh start - we understand the need for a hassle-free financial experience during your time here.
With Expatrio, you can say goodbye to endless paperwork and hello to a secure, easy-to-manage Bank Account tailored to your international lifestyle. Easily manage your German income, rent, and purchases without foreign transaction fees.
Open both your Blocked Account and Bank Account at the same time, and get your visa-mandatory Health Insurance in just a few minutes with the Expatrio Value Package.
No other German Bank Account is needed!
Why should you choose this Bank Account?
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Free German Bank Account. Send, receive, and manage your money in one place. Zero fees. No minimum balance required.
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Seamless Account Opening. Open a German Bank Account together with your Blocked Account in just a few minutes. Fully online. No other Bank Account needed. No residence permit needed for opening.5
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Protection up to €100,000. Your money is always protected with the European Deposit Protection Scheme.
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Tailored for Internationals. Designed to make your life as an international in Germany easier. Multi-Language Customer Support is just a few clicks away.
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Free Digital Mastercard. Free digital debit card to use with your smartphone right away. Accepted globally. Apple Pay or Google Pay at your fingertips.
Ready for a banking experience as mobile as you are?
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3 free ATM withdrawals per month in Germany and the rest of the EU.
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Once you get to Germany, activate and use your free digital Mastercard. Accepted worldwide.
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Physical bank card available, for just a small added fee.
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Manage your money on your terms, anytime, anywhere. Receive your salary, pay in-store, set up direct debits and much more.
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Get your visa essentials and German Bank Account all at once with the Expatrio Value Package.
How Our Customers Feel About Our Service
How to open your Bank Account
This Bank Account is available to Blocked Account and Value Package customers of Expatrio.
Apply
Apply for the Expatrio Value Package and receive your visa-mandatory Blocked Account and Health Insurance plus other free benefits.
Transfer funds
Instant confirmation
Once your funds are received, you will get an instant blocking confirmation.
Download your Blocked Account and Health Insurance confirmation or your visa appointment.
Activate your products
Activate your Blocked Account, free German Bank Account, and Health Insurance via the Expatrio User Portal in one simple process once you arrive in Germany. Your Blocked Account payouts will be automatically deposited to your free German Bank Account with Expatrio on a monthly basis. No other German Bank Account is needed!
Get your Value Package cashback!
Once you've activated your Blocked Account and Health Insurance, get your €69 cashback directly into your German Bank Account. Just click 'payout cashback' on the Expatrio User Portal.
Expatrio Value Package
Simplify your move to Germany with Expatrio's Value Package! Get your mandatory Health Insurance + Blocked Account + free German Bank Account, and other free benefits!
"Expatrio made everything easier for me, from being informed to going through the blocked account process, getting health insurance that was not rejected by the immigration offices and not having any problems at the airport."
Karla Morales
Graduate from Medical School
Value Package
Your all-inclusive package for an easy start in Germany.
Your German Bank Account
Open your free German Bank Account as part of the Expatrio Value Package and take control of your financial future in Germany.
Experience seamless Banking
Your finances in Germany, all in one app.
FAQs
What is the difference between the Blocked Account and this Bank Account?
A Blocked Account and a Bank Account are two different types of accounts. You need a Blocked Account to get your German visa, and a Bank Account to manage your money once you're in Germany.
Blocked Account:
A Blocked Account (Sperrkonto) is required to show the German authorities that you have enough money to live in Germany. The money in this account is 'blocked,' meaning you cannot use it until you arrive in Germany. Once you're in Germany, you need a Bank Account to access this money.
Bank Account:
A Bank Account, also called a ‘current account' (Girokonto),’ is used for your daily expenses in Germany. You can use it to pay for rent, groceries, health insurance, and more. With Expatrio, you’ll get a free digital debit card, and you can also choose to get a physical card if you would like.
When you get to Germany, your monthly payouts will be sent automatically from your Blocked Account to your Bank Account, arriving instantly.
With Expatrio, you get this German Bank Account for free with your Blocked Account, so you don't need any other German Bank Account.
Why do I need this Bank Account?
A bank account is needed to receive your monthly payouts from your Blocked Account and to pay for things like your health insurance and daily expenses while in Germany.
Our Bank Account5 comes with a German IBAN (International Bank Account Number).
Using a German bank account while you are in Germany is important so that you do not incur unnecessary transaction fees or face any hassle making payments and receiving income.
Is this Bank Account trustworthy?
Yes!
At Expatrio, we only work with trusted, established partners. Our partner Aion is the provider of this Bank Account. They are a fully regulated and licensed European bank.
You can find out more about Aion here.
Your money is safe in this Bank Account, as it is protected by the European Deposit Guarantee Scheme for up to €100k.
You can find out more about this EU initiative here.
How do I open a Bank Account?
Expatrio customers who purchase the Expatrio Value Package or Blocked Account will also get a German Bank Account for no additional cost.
All you need to do is fill out the application flow here, and your free Bank Account will be included in your Value Package.
You can decide to exclude the Bank Account from your Value Package if you do not wish to include it.
Is the Bank Account free?
As long as you have a Blocked Account with Expatrio, it's free. If you no longer have a Blocked Account with Expatrio, we will charge a small monthly maintenance fee of €5.
You can find out more about costs on our Help Centre.
Can I get a physical bank card?
Yes, you can order a physical bank card.
You will automatically get a free digital debit card which you can use from the moment your account is active.
If you would like to get a physical card, you can order one via your Expatrio app for just €10, including delivery.
Who is the Bank Account available to?
The Bank Account is available to Expatrio Value Package and Blocked Account customers.
Can I add my Expatrio Mastercard to my Apple and Google Wallet?
Yes, you can add your Expatrio Mastercard to your Apple or Google Wallet.
Using this, you can pay contactless with Apple Pay or Google Pay anywhere that accepts this payment method.
Free Downloads!
We are here to make everything easier for you.
Find ebooks, reports, checklists, and many more resources to help you with your life in Germany.
Footnotes
[*] Up to €269 savings consists of: €69 cashback on Blocked Account set-up fees + up to €90 TK-Flex cashback + free travel health insurance worth up to €95 + free digital ISIC card worth up to €15. This offer is only valid for customers who apply for the Value Package. Expatrio reserves the right to cancel this promotion at any point in time. Special terms and conditions apply.
[1] Value Package customers can receive their €69 cashback after activating both their Blocked Account and Health Insurance.
[2] TK-Flex is an elective tariff and only available for eligible TK health insurance customers. Once the TK membership is activated, TK-Flex can commence. Expatrio will provide the customer with detailed guidelines on how to do this. Within TK-Flex, users have the option to deselect/opt out of services they do not need. In return, there is a cashback bonus of up to €90 per year. However, if the services are needed after all, TK customers can reactivate their health insurance coverage by paying a deductible of €24 per service (up to €120) per year. Please refer to our TK-Flex page for more information.
[3] Free Incoming/ Travel Health Insurance coverage for up to 92 days as part of the Value Package for eligible customers worth up to € 95.00.
[4] Focus Money has awarded TK the 'Best Student Health Insurance Fund,' Study Travel Magazine has awarded DR-Walter the 'Super Star Award'', and Kubus has awarded ottonova first place in the service and customer satisfaction categories three times in a row.
[5] Without a residence permit, you will have temporary access to your Bank Account. Upon opening your Bank Account, you will be given a timeframe by which a residence permit is required. This timeframe will depend on your visa expiration date. Once you upload your residence permit within the given timeframe, you will be granted permanent access to your Bank Account and all the amazing benefits that come with it.