German Real Estate Banking

Do you need a bank account in Germany to purchase Real Estate?

There is no need to open a bank account in Germany in order to purchase real estate. If you have purchased a property, this can be paid from any foreign bank account. Nevertheless, you must have your own account with a local bank to pay for the living, utilities, house settlements.

Non-citizens, who purchase real estate in Germany, have the right to open accounts in any bank in the country. However, to become an account holder, a person must meet all the criteria that a bank sets for foreign clients which include:

  1. A presence of a German residence permit –  The foreigner has the right to register at the address of the property he/she acquired.
  2. Availability of income to the account – Transparency in receiving income of a foreign client is also important because banks strictly monitor compliance with German legislation.

The personal presence of a person when opening an account with a German bank is mandatory. To apply for an account opening, the following documents are usually required:

  • A passport;
  • Confirmation of registration at the place of residence in Germany;
  • A certificate of income;
  • A contract of sale of the acquired property.

After the bank checks all documents and the authenticity of the data provided by the client, a person is notified of the account opening. From this moment he/she can use it.

Opening an account in any bank in Germany is not difficult. However, for a non-citizen it can be tricky.

EW Immobilien Real Estate GmbH gives you a unique opportunity to become the owner of an account in one of the most reliable and successful banks in Europe with excellent terms for the client – Deutsche Bank! We are glad to help you and provide the services of an interpreter, provide legal support, prepare the necessary documents and correctly fill out the necessary bank application forms.

Our specialists are here to answer any questions!