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 accountRead More
* As of October 2020
Commerzbank bank account
All terms at a glance
|*Conditions:||€700 monthly deposit (otherwise 9.90 € /pm) account management fee|
|Current bonus offer:||€50*|
|Credit Card:||VISA / MC from 29,90 € / year|
|Credit interest daily allowance:||–|
|Borrowing rate credit facility:||11.90% pa|
|Banking options:||Online / Telephone / branch|
|Germany:||Cash Group (9000 ATM)|
Commerzbank AG is Germany’s second-largest bank in Germany since its merger with Dresdner Bank in May of 2009. It is one of the leading banks for private and corporate customers in Germany with more than 1,200 bank branches. Headquartered in Frankfurt am Main, it has more than 14.5 million private and corporate customers worldwide. The bank was founded in 1870 by the merchant as as “Commerz and Disconto bank in Hamburg. It provides it, clients, with a wide and attractive range of products and consulting services. Commerzbank is a strong company that offers retail customers all the services they may need from a single source.
The Commerzbank bank checking account
Keep up with technology, the modern current account facilitates performing all the activities online, from the provision of funds for debt financing and the management of securities accounts to the possibility of trading in securities. Right from account management all through to retirement or mortgage planning can be done under the umbrella of Commerzbank. Of course, all this and more with the help of knowledgeable and friendly service at the banks and on the phone. Among the current account offers which are tailored to the personal needs of customers, it also includes a free checking account that can be opened online.
English Banking Service
Commerzbank has one of the few bank that provides English language service in Germany. Some of the English language advantages include:
- English language Internet banking
- English Mobile Commerzbank App
- 24h English Online helpline
50 EUR joining bonus:
For opening a new checking account at Commerzbank, you get €50 joining bonus, provided you maintain an active account in the first 3 months of account opening. An active account requires at least 5 transactions of €25, and credit into the account includes wages, salary, pension, pay or other federal financial aid.
Instant line of Credit (Overdraft Credit)
Instant line of credit of over 600 euros will be provided (credit score required) if required.
Account moving services
If you are switching from one account to another, then a free account-moving service is provided and Commerzbank takes care of the paperwork for you and informs your payment partners the new bank account with at Commerzbank.
Verification possible at Bank branch
What to do if your passport is not recognised for PostIdent or VideoIdent?
There have been many instances where certain ID or passport (e.g. Indian Passport) have not been recognised by the Postoffice for Post-Ident, or for Video-Ident facility. Since Commerzbank has physical branches of the bank, it is possible to apply online, get an appointment and visit the branch to finish your verification.
Free Services of Commerzbank bank checking account include:
- Free transfers
- Free Standing orders and direct debits
- Free Giro Card or Maestro Card
- Free cash withdrawal from more than 9,000 Cash Group ATMs
And at the request and with appropriate credit limit, Commerzbank admits customers to an available credit (overdraft) and provides also all types of credit cards to customers. The Customer can choose between American Express and Visa or Mastercard credit card . In addition, upon request of the customer Commerzbank also readily provides prepaid credit cards which can be obtained without the need for any proof of creditworthiness
Frequently Asked Question on Commerzbank
Questions before you open a bank account, or how to use your Commerzbank account properly.
The Commerzbank Basic bank is free of charge under the following conditions:
1 .You use the current account for private purpose.
2. You have a monthly minimum incoming payment of 700 euros.
3. You manage your account digitally (paperless).
4. Your total deposit does not exceed €100,000 (otherwise 0.5% custody fee).
1. You have not had a Commerzbank current account in the past 24 months.
2. Maintain Active account for three months.
3. You consent to advertise emails and calls. You can cancel revoke the consent after 3 months (www.commerzbank.de/einwilligungen)
You can find Commerzbank bank branches or ATM closest to you, by providing your postal code or city in the following link. https://filialsuche.commerzbank.de/de
With the Commerzbank Banking App: With the Finder function on your app, you can always find the nearest branch or ATM near you.
Download the App. : Before you add your card to the Wallet, please download the Commerzbank Banking-App from the Apple App Store.
Add Credit Card. : Open the Commerzbank Banking-App, select the credit card you want to use with Apple Pay and add it to Apple Wallet.
Commerzbank Banking-App: Simply select a credit card in the Banking-App under “My cards” and activate it for Google Pay with just a few clicks. Please note, that you can add your Virtual Debit Card directly to Google Pay only with the use of the banking app.
Google Pay App: You can either take a picture of the credit card with your device within the Google Pay App, select a credit card previously used by Google, or enter your credit card details manually. Then confirm the activation of the credit card using one of the displayed approval methods.
24h English Hotline for Private Clients : +49 (0) 69 5 8000 8000
24h Hotline for Online Banking / Banking App : +49 (0) 69 98 66 00 33
24h Hotline for Business Clients : +49 (0) 69 5 8000 9000
Withdrawal using Commerzbank debit card (Girocard) is free for all Cashgroup ATM (9000 ATM in Germany).
– The banking app is also available in English.
– Real-time transfers using your Commerzbank Online App and PhotoApp App.
– Keep up to date, with account alarm push messages.
– Fast login via fingerprint or Face ID .
– Manage standing orders and credit cards.
– Pay with Apple Pay and Google Pay.
– Contact the customer center 7 days a week.
The innovative security procedure for generating a TAN.
A TAN is generated within seconds by converting a colored barcode.
The barcode is displayed on your PC or tablet.
The TAN can be seen immediately by simply scanning the graphic with your smartphone.
security guarantee applies to all transactions via photoTAN
In connection with the banking app on your smartphone, this is the safest and easiest way to approve transactions – the so-called “App2App approval”.
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