Money and Banks in Munich

Choosing Your Bank in Munich

If you are moving to Munich or anywhere else in Germany, you’ll soon find out that there are contracts for rent, mobile phone and internet for which you need a German bank account. In some cases it is possible to open an account from abroad (e.g. DKB and Comdirekt), but to open an account immediately, chances are you will have to visit the bank in person. Things are generally easier and cheaper if you are employed in Germany and have a steady income here. This also makes you, at some banks, eligible for one-off payments of up to €120 of free money at the bank at which you decide to receive your monthly pay.

We recommend to help you pick the bank with the conditions which suits your needs best. The site is one of the most often used to check prices of goods and services in Germany. You should also check the banks conditions regarding money withdrawal at ATM’s, whether they offer free credit cards, etc. “Free” bank accounts are sometimes only really free if your monthly income exceeds a specified amount (usually above €1,200).

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A very helpful online resource for information about opening an account and banking in Germany in general is There you’ll also find the most frequently used terms used when banking in Germany explained.

After you think you have picked the best bank for you, you should make an appointment at a branch of the bank of your choice; the best thing is you make an appointment directly at the bank. In that way you can make sure that they have the personnel to handle English speaking customers. This will prove helpful during your first months in Munich.

The documents you should bring along when opening an account are: ID card or passport, if these are not German documents, a confirmation of residence (Meldebescheinigung) is required, depending on the type of account you want, the bank may also ask for your last three pay stubs for proof of income or a letter from your employer listing your salary.

Paul Bradbury

After 12 years living on the most gorgeous island in the world, Hvar in Dalmatia, I have begun to wonder if there is still life beyond its shores. Prior to discovering Paradise in 2002, I was a world traveller, living and working in Japan, Georgia, Somalia, Rwanda, Russia... and Munich.

After 95 countries and some 25 years have passed, the memories of my year in the hotel industry in the Bavarian capital (fired by the Sheraton for losing our pet snake, the first male chambermaid at Hotel Arabella, and a truly eye-watering introduction to five-star living in  my days as a bellboy in luxury Hotel Vier Jahreszeiten) are strong, and the call of Munich has been a constant theme over the last quarter century. 

And so here I am, answering the call some 25 years later. Twelve years of island living have changed me for sure, but also left me curious about life in a big city, and whether or not I could adapt to it after such an insular decade. 

I was surprised to see that for such a magnificent multi-cultural city, English-language blogs and regularly updated information are not that available. Static tourism information, such as that provided by the excellent tourist board website yes, but accounts of daily life delivered daily? Hard to find.

And so I have decided to take a break from my idyllic island and see if I could live in a city again. And what better way to try than to discover modern Munich in all its facets after so many years. It is a journey of discovery which I am relishing, and I hope the site proves to be of interest for Munich residents and its numerous visitors.

About Paul Bradbury

Author of Lebanese Nuns Don't Ski, Lavender, Dormice and a Donkey Named Mercedes and Hvar's first comprehensive guidebook, Hvar: An Insider's Guide to Croatia's Premier Island, as well as co-author of Split: An Insider's Guide with Mila Hvilshoj, I have lived in Dalmatia full time since 2003. In addition to running Total Munich, I also run Total Split (, Total Hvar ( and Total Inland Dalmatia (, as well as being an accredited Google News journalist for Digital Journal in Canada.

I also have various blogging clients, including the Central Dalmatia Tourist Board, European Coastal Airlines, Touristar TV and Andro Tomic Wines, and print clients include Qatar Airways inflight magazine, Out! magazine from New York, and Croatian Hotspots. 

In December 2014 I was delighted to receive the Marko Polo 2014 Award from FIJET Croatia (Federation of International Travel Writers and Journalists)  at a ceremony for the Croatian Journalists Society for the best international tourism promotion of Croatia. More here.

Ongoing writing projects:

A History of Hajduk Split, co-author with Frane Grgurevic - in 2015

Around the World in 80 Disasters - out in 2015

Total Hvar in the Media:

Interview of the Month, Croatian Embassy in Washington (May 2013)

Special Feature in Globus Magazine (May 2013)

Featured on Croatian TV show, More (2012) - watch the report here

Interviews in Slobodna Dalmacija, Dalmacijanews, Radio Split

I am available for writing services. Please contact me on [email protected] or visit my main writing website, 

Website: Email This email address is being protected from spambots. You need JavaScript enabled to view it.
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