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Bank Account Support2024-02-01T14:30:03+00:00

Bank account support

Overcome the Challenges of Opening a Bank Account as a Foreigner in Germany

A functional bank account is crucial for any company’s success, as it enables seamless financial transactions, accurate bookkeeping, and efficient management of funds. It’s the backbone of a business’s financial structure, allowing you to accept payments, pay suppliers, manage employee salaries, and more. Without a working bank account you will not be able to run any business operation in Germany.

Reasons For The Challenge

However, in recent years, activating a bank account for a company has become increasingly challenging, especially for foreigners coming from outside the European Union. One of the primary reasons for this difficulty are the strict regulations and restrictions implemented by the financial services supervision. These restrictions are applied to prevent money laundering, terrorist financing, and other financial crimes. Certain countries have been placed under increased monitoring by the german BaFin which currently is listing 22 countries, making it even more difficult for entrepreneurs from these nations to open a bank account for their companies.

Navigating The Challenges With You

As a result of these mentioned measures, banks are becoming more cautious when it comes to accepting new clients, and they conduct thorough background checks before approving a bank account application. This can lead to lengthy delays and, in a lot of cases, end with an rejection. making it a significant barrier for foreign entrepreneurs looking to establish a business presence in Germany.

At readymadegermany, we understand the challenges and complexities associated with opening a bank account, especially for foreign clients. That’s why we prioritize clear communication and transparency when discussing the difficulties of obtaining a working bank account for your company. Our goal is to provide you with an honest assessment of your chances, considering your country’s standing for the bank and any other relevant factors that might affect your application. Our team of experts is dedicated to guiding you through the entire process, offering tailored solutions to increase your chances of success.

Interested? Call us.

we will assist you and give you the advices based on your individual requirements.

3 Ways For our Challenging Clients

get a German Living Address

Obtaining a proof of residence “Meldebescheinigung” can significantly increase your chances of successfully opening a bank account for your company in Germany especially in local banks. This document requires a valid visa permit for living in the country and allows you to get listed in the Schufa, Germany’s primary credit reporting agency. This paper is positively increasing chances getting the account activated.

Open FinTech Bank Account

Opening an account with an online fintech bank is another great option as these banks tend to be more open to foreign clients. The main difference in comparison to a local bank is that these banks don’t have any physical presence. You also benefit from lower monthly fees and advanced digital services. Every account comes with a German IBAN number, enabling seamless transactions and smooth business operations.

Explore Origin Country Bank

Another option for some people is to explore banks from their home country that have branches in Germany. These banks often offer services to German companies for opening a business bank account. Examples of such banks include the Bank of China and Kuveyt Türk Bank. By considering this option, you can successfully activate an account without even having to provide proof of residence in Germany.

Bank account support is…

included in every company service package!

What You Should Know


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