Can I keep a bank account in Germany without living there?

Non-resident account Standard current accounts are generally only available to German residents. You typically need to have a permanent address in Germany to open an account. Many online-only and mobile-only German banks also offer accounts to those living overseas.

How long does it take to close a bank account in Germany?

Speed and Ease of Opening a Blocked Account

Can German government check your bank account?

The Federal Minister of Finances is closing the net of control over what the taxpayer declares or not. Since the beginning of this month, virtually every tax office may know about but not screen any and all of your German bank accounts or depots.

How do I close my German Deutsche Bank account?

In order to close your bank account, the first step is to fill up an Account Closure Form. You can download it from bank’s website or alternatively, you can visit your home branch, get the account closure form and fill it up properly.

Is it allowed to have two bank accounts in Germany?

But is it legal to have more than one? The answer is, yes. Not only this, but often it’s a good idea – for example, holding money a specialized savings account can earn you higher interest than you would on your regular bank account. It’s also completely legal to have accounts with different banks, if you want to.

Is it legal to have bank account in another country?

There’s nothing illegal about establishing an offshore account unless you do it with the intent of tax evasion. The Foreign Account Tax Compliance Act (FATCA) requires banks around the world to report balances and any activity of American citizens to the IRS or face fines.