Troy McClure
Registered User
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Not all German banks seem safe and some more safe than others. Who are the least exposed German banks??
I flew mid Oct Aer Lingus Dublin Berlin-Schonfeld 07.30 returned next eve Via Ryanair 19.05, train 300m from airport €3 ea way into Friedrichstrausse station. I had a DKB account opened online in Sept, went to Deutsche Bank opened 12 month 2% account with a flexi acc linked for online use. Also opened with Berliner Sparkasse beside station, current acc €2 month but they deposited €24 into it(yr free) when I was deposting 50k with them into 1.5% savings acc. When there I also got Postident done for VW(2.5%) and 1822Direkt (2.25%) I completed online, brought the forms with me. City bus tour recommended. PS I dont speak 10 words of German but managed quite easily in the Post Office and 2 banks.
Looks like I'll have to go with Berlin as Frankfurt Deutsche Bank will only deal with customers with 100K or more - and I aint that rich.
Did you ring them?
I opened a DKB current account online through Google chrome which translates the webpage to English then printed off the documents and had to take them to a Notary who confirmed my identity and address charging me €50, it took approx 3 wks while DKB checked out all this and another 2 wks before I got my visa, bank card and TAN numbers for internet banking. After all this I was able to fill out online documents for 1822direkt and Volkswagen bank, you need a German current account number to fill in for these banks so as to facilitate transfers out through online banking, then you again print these forms which have barcodes for Postident and bring to a German Post office. Then I went to Berlin to the Post office with my passport and bank statement for address confirmation. Other option would be to open German current account in person then apply online in Germany and print out forms for Postident while there in an internet Café.
Deutsche Bank branch is opposite Zoologischer Garten Station and Beliner Sparkasse Branch is beside Friedrichstausse Station 2 stops away, I had no appointments made, just dropped in.
My Dad who is traveling to Germany to do the same, rang them in Dublin.
+353 1 680 6000
http://www.ifsc.ie/company.aspx?idcategory=71&idcompany=1188
He initially asked could he open an account without traveling to Germany and go to the Dublin office instead (send documents by post). This was not possible so he was transferred to Frankfurt (as he requested this).
But the Frankfurt branch although helpful stated that a min of 100K is required on deposit to open an account. At this point they mentioned that Berlin could be willing to help (for our needs - aka smaller deposits). He was given contact details and he rang them. They are willing to assist. So we are now arranging flights and have to get back to them to confirm an appointment.
It's the one on Unter den Linden. That's the main street in Berlin, if you're not familiar with the city.
Was thinking of using Deutch Bank.
One of the most interconnected banks in europe, leveraged to the hilt
If Deutsche Bank share price is falling - what does it indicate about confidence in that bank?