One of the best online banks in Germany, ComDirect offers a free bank account with free VISA card and free worldwide cash withdrawal. In addition, for new customers, the bank gives a joining bonus of €150 . For more information about ComDirect checking account, click here.
How to Open a ComDirect Bank Account?
Below is a step by step instruction guide to open a Comdirect current account online with an English translation and detailed screenshots.
- Open the online application process
Open the online application form the Comdirect Website and then click on the button “Jetzt Girokonto eröffnen” highlighted below.
- Select type of Bank account
Check if the bank account is for personal use (Yes/No)
Check if you want to open with a single account holder or a joint account?
- Enter your personal details
Provide your personal details such as name, date of birth, Nationality etc as seen below.
- Provide you Address and Contact Details
Provide your Registered address in Germany (Switzerland or Austria). If you reside in other countries, you cannot open the account online.
If you have moved recently to a new address (less than 2 years), you will also have to provide your previous address.
- Provide your Employment details
Select your employment status from the drop-down list, some are:
– Angestellte/r (Employee)
– Selbständige/r (Self Employed)
– Studente/n (student)
– Hausfrau/mann (Housewife/ Stay-at-home Dad)
Select the Industry you work in.
Select your Job title
Enter since when you have been employed
- Select your Extras (Free Credit Card)
If you want a free credit card, check the box. In such a case you need to provide your monthly net income (after-tax income) for approval.
Warning: If you are new to Germany, do not apply for this as you might be refused a bank account.
You can also select if you want a Wechselgeld-Sparen (Small Change savings), so your card payments are rounded off to the nearest euro and the extra change is directly deposited into a saving account.
- Select if you want an Overdraft facility
This allows you to make a withdrawal from your bank even if you do not have enough balance left in your account. Overdraft incurs higher interest charges which will be incurred each month.
In this case, you need to provide the draft limit, your monthly income and details of your Employer.
Warning: If you are new to Germany and do not have a good credit rating, avoid this while applying for a bank account. If you request for an overdraft facility without a good credit rating, your bank account will be rejected.
- Select if you want a Free Depot Account (Securities account)
You can apply for a securities deposit account if you are interested in buying shares or funds or other securities transaction. You can read more about Investing in Germany.
If you are unsure, select option E to start (which are ETF’s). You can change, add others after you open the account.
This is a free account so you do not have any obligation to use it even if you open it.
If you are new to trading then you can ignore it, but sometimes it helps to also apply for this free securities trading account since banks usually give higher preference to customers (lower chances of refusal) who opening bank accounts which also include a securities trading account.
Check the appropriate boxes declaring that you read the terms and conditions and that you will not use the account for money laundering purposes.
You are also provided with opt-ins to subscribe for Email marketing or telephone marketing.
Once you are complete, select “Weiter“
- Verify the details
Check if the details you entered are correct. If not, go back (Zurück) and change the required details.
If you need to make any corrections, click on “Bearbeiten” (highlighted below) and make appropriate corrections. After correcting, select Änderung speichern to save the corrections.
- Submit your application
If all the details are correct click Weiter (Next )to submit the application and generate the filled-up PDF-application.
- Print the Application
Download the completed application form and print them.
If you were unable to print it, you can also request the completed application form to be sent by post.
You will need a printed copy of your application to verify your identity using PostIdent.
- Verify your Identity
You can verify your identity using either PostIdent or VideoIdent depending on your nationality.
Go to any nearest DeutschePost post office or Postbank Center.
To find out the centre which is closest to you, click Postoffice Finder. Type in the city, postal code or the name of the street and under the option “alle speziellem service” select the option for “PostIdent“. You will be shown on the map the Postoffice branches closest to you.
Take along the following documents with you:
– Printed Application form (as generated) – Specially the PostIdent coupon on Page 5
– Passport & Resident permit/Visa (Non-German) or Germany Passport or German ID card (German)
– Address registration document
Sign the application form in front of the Clerk at Postoffice. He will check the details on the application form with the details on the details on your passport and verify the signature. Then the clerk at the post office will send the application form to the required address free of charge.
This is a new verification method provided by Comdirect where you can confirm your identity through video telephony. However, it is currently only available for holders of identity documents which is in German. That is passports from German-speaking countries (Germany, Austria, Switzerland, Liechtenstein and Luxembourg).