Where should I setup a bank account in Munich?
We asked expats in Munich what banks they use and there advice about banking. They advised...
"Munich is a great city for retirees, offering a high quality of life and plenty of activities to keep you busy. Before retiring in Munich, it is important to research the cost of living and the availability of healthcare services. It is also important to consider the language barrier, as most people in Munich speak German. Additionally, it is important to research the visa requirements for retirees, as well as the tax implications of living in Germany. Finally, it is important to familiarize yourself with the culture and customs of Munich, as this will help you to integrate into the local community," remarked another expat in Munich, Germany.
"No. When I got here as a student, I worked with the Volksbank because they had a free account for students. What I didn't realize was that I could not use this Volksbank service in any other city. It's not like in the US when, for example, you have a Wells Fargo and it is irrelevant in which Wells Fargo you go to in another city or state. I eventually switched to Postbank because of their online services and CashGroup membership," said a member in Munich, Germany.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
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Where should I setup a bank account in Munich?
If you live in Munich, newcomers to Munich would love to hear your answer to this question.
