How to open a German bank account
A simple step-by-step guide on how to open a bank account in Germany. Open an online Germany bank account and documents required to open a German Bank account
Read MoreTargobank checking account
All terms at a glance
Account management: |
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| Cost: | 0 € per month (or 5.90 €) |
| Conditions: | from € 600 cash deposit |
| Current bonus offer: | – |
| Cards: | |
| EC-/Maestro: | yes, free |
| Credit Card: | Visa from 30 € / year |
| Interest: | |
| Credit interest daily allowance: | 0.60% pa |
| Borrowing rate credit facility : | 8.99%. |
| Banking: | |
| Website: | www.targobank.de |
| Banking options: | Online / Telephone / branch |
| Free Cash: | |
| Germany: | Cash pool (2500 Auto) |
| Abroad: | – |
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“For comparison
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The Online Targobank account
The Targobank part of the French banking group Credit Mutuel. Through its predecessor institutions, however, since the year 1920, the company has a presence in Germany. In Germany alone, the company has a total of over 300 bank branches in 240 cities. In addition, Targobank uses the modern distribution over the Internet. Again, sells Targobank their banking products that are aimed exclusively at private customers. spite of the large branch network Targobank is structured and organized so that they can offer their customers rates that rival those of direct banks in nothing. The traditional offerings Targobank include several types of checking accounts, which are aimed at different audiences. The current account with the name Best-account is presented in detail. The Targobank checking account is free guided, if the account holder has at Targobank a deposit of at least € 2,500. This is easy to achieve with Targobank because include savings deposits on a daily or fixed deposit accounts that are performed at the Targobank and balances on securities accounts to the credit.
The advantages at a glance:
- Free account management Bank branch account at least €1000 (Plus account), 2,000 euros credit (Comfort account),
- Free account management Online Bank account from 600 € cash receipt (active account)
- Free cash via ATMs all cash pool
- Including money market account with currently 0.80 percent interest on credit balances
- Financially dependent on request overdraft
- Free cash card
- Free securities account
- Apply now online!
Customers who prefer to use only one bank for all their financial transactions for the sake of ease, Targobank is the right place. The account is used for the entire non-cash payments and as a reference account for the overnight account or fixed term deposit account and also for the security trading deposit account. A deposit of at least € 2,000 on savings accounts allows then permanently free banking. All in all, the perfect Targobank a bank product, although the conditions were not the best of direct banks reaches, but offers the opportunity to seek advice in a retail bank.
I’m jagan parthasarathy from India doing my masters in Ingolstadt. I am a student and started working for a automotive company in augsburg. I would like to save my income in a separate account with no initial deposit conditions or charges. This might help me when I extend my visa to show the proof of my financial status how much I have in my account. Kindly revert me back.
Thank you,
Regards,
Jagan Parthasarathy
Hi Jagan,
Targobank is free for students and trainees, but you should have your students registration. Otherwise it is free if you have your monthly salary deposited there.
For extending the Visa, it depends on the Beamter (Officer) at the Rathaus. For student Visa you would need to provide a blocked account, but for other visas (e.g. job search) you will just need to provide a statement from the bank. But I am not sure if Targobank provides a blocked account.
You can look at other banks such as Postbank which provides both facilities and also free for students. If you presently have a monthly income, make use of it and look for banks which offer joining bonus, e.g. Netbank(€100 bonus + free account), DAB (€90 bonus + free account) which do not incur charges after you stop depositing after sometime. Targobank does.
Good luck,
Dear Sir,
I am Kartono from Indonesia. I am living at Indonesia. My occupation is an online antique seller. I just follow an auction site at Netherlands (www.catawiki.com). And this site ask me to provide an Europe Bank account to accept my payment.
My question is, can apply for an account by online (not visiting to Germany) ? If I can, can I replace my Postident with a notarized passport from the Germany embassy at my country ?
I don’t need a credit card, I think it will be better if I use online banking to send my money to my bank account at Indonesia.
Thank you for your attention.
Kind regards,
Kartono
I used to be a customer of Citibank and just learnt that they were bought by TARGO. My question is: Could I have my payments BfA
Rentenversicherung , paid directly into my account with you?
Could I get access to my money via digital device
Right now I have so many problems getting my money, it needs change. Please help.
Karin Crosby, Florida, USA
Koennen Sie mir bitte auch in der Anwort Ihe SWIFT NUMMER
mitteilen?
Danke.
Karin Crosby
Dear Targo Bank
Im a costumer of Targo Bank now I m in the Philippine for long time is there a Bank where i can get Money via my Targo Bank V pay Card i ask in your Hamburg the Lady told me she dt no so i ask you kindly to answer me and where I can used the Card my account in your Bank v pay 0605391021 im thankful to you
truly wolfgang Tempel
Hi, do you allow guest posting on banks-germany.com ? 🙂 Let me know on my email
Hi
My name is Maziar . i need co-Branded Card for my Client , can you help me ?
My email is Atravic@hotmail.com
Thanks a lot
I am James and i live in Germany. I want to know if Tago takes monthly commission from savings account or its just free