Banking system in Germany is advanced, has deeply penetrated to its population and offers a variety of services to individuals, business groups and corporate houses. Deutsche Bundesbank, the nation's central bank headquartered in Frankfurt am Mein, is considered to be the most powerful national central bank of European Union. The four different types of banks in Germany include, public sector commercial banks ( a.k.a. Private Geschäftsbanken), savings banks ( a.k.a. Sparkassen), credit cooperatives ( a.k.a. Kreditgenossenschaften) and the Postbank. Commercial banks are rife in Germany, the important ones being Deutsche Bank, the Dresdner Bank, the HypoVereinsbank and the Commerzbank. An account holder of any one commercial bank can access the ATMs of all commercial banks free of cost. Most of the banks allow credit cards to fixed income individuals, with which the card holder can withdraw an amount twice or thrice of his/her monthly pay. Banks in Germany are well known for providing assistance to private business ventures, thanks to which role of stock exchanges in Frankfurt, Düsseldorf, and other cities are rather less while providing funds to the industry.
Do you know which bank provides the best banking facilities in Germany? Are you an expatriate who would like to open an account with a German bank to send money home? Would you like to get the list of all holidays for German banks? We have done a thorough research on the banking system in Germany. The pages in this section -from dossiers of important banks to details about opening a bank account in Germany - help you locate the right German bank for you. This section on German Banks help you do bank transactions easier than ever before.
