💰 Why Is Now the Perfect Time to Compare Your Giro Account?
2025 has brought big changes to the German banking world and this time, customers stand to benefit.
New digital banks are entering the market with attractive interest rates, cashback programs, and low or zero account fees, while traditional banks like ING have started to increase theirs. On top of that, instant transfers (Echtzeitüberweisungen) will become mandatory from October, making near-instant money movement the new standard.
In short: this year, switching your bank account can help you save more and earn more at the same time.
🏦 Which Banks Offer the Best Deals Right Now?
In this year’s review, 14 major Giro accounts were analyzed including well-known names like DKB, C24, Consorsbank, N26, Trade Republic, and newcomers such as BBVA.
The competition among banks is intense, and customers are the winners. Many banks now offer completely free checking accounts, with no minimum income or usage requirements, a major shift from just a few years ago.
For others, accounts remain conditionally free: you might need to make a few monthly transactions, maintain a small regular deposit, or use Apple/Google Pay. Checking these conditions carefully ensures you avoid unnecessary fees.
💳 Which Card Type Makes the Most Sense for You?
In Germany, there are three main card types — each with its own advantages:
- Girocard: Still the most widely accepted card in German shops, especially smaller local stores.
- Debit card: Works internationally via Visa or Mastercard, ideal for online purchases and travel.
- Credit card: Offers a spending limit and flexibility often needed for hotels or car rentals.
Most modern banks now combine options, providing a free debit card and, if needed, an optional credit card with added features.
🏧 How Much Does It Cost to Withdraw Cash — in Germany and Abroad?
Although card payments are becoming more common, cash still plays a central role in everyday German life.
Most of the accounts in the comparison allow free cash withdrawals, but the conditions vary. Some limit the number of free withdrawals per month, others require a minimum withdrawal amount (e.g. €50 or €150).
If you travel often, choose a bank with identical conditions for domestic and international withdrawals like BBVA, C24, DKB, Consorsbank, and Trade Republic. These banks typically waive foreign transaction fees, which can otherwise make traveling expensive.
🌍 Which Accounts Are Best for International Use?
Foreign transaction fees are still a common hidden cost in banking. Some banks charge between 1-3% every time you pay or withdraw in another currency.
If you frequently travel or shop online in non-euro currencies, opt for a provider that doesn’t charge extra for currency conversion. Banks like BBVA, C24, DKB, N26, Consorsbank, and Trade Republic stand out for offering transparent, fair international conditions.
💡 Pro Tip: When using an ATM abroad, always choose to pay in the local currency your own bank’s exchange rate is almost always better than the one offered by the ATM provider.
📈 Which Banks Still Offer Interest on Your Account?
After years of near-zero returns, interest is finally back even on everyday checking accounts.
While rates vary, some banks now offer competitive annual interest on balances, rewarding loyal savers for the first time in years.
For instance, newer players are offering flexible interest linked to central bank rates, ensuring customers benefit from policy changes automatically. Others provide short-term promotional rates to attract new clients.
These developments mean that checking accounts are no longer just for spending they’re becoming a simple way to let your money work for you.
⚡ What Do Mandatory Instant Transfers Mean for You?
Starting October 2025, all banks operating in the EU must provide instant money transfers and cannot charge extra fees for them.
This regulation ensures that payments between accounts — even across different banks will reach the recipient within seconds.
It’s a significant step toward faster, smarter, and more efficient banking and it brings traditional institutions in line with the speed of modern digital banks.
🥇 Which Giro Account Takes the Top Spot in 2025?
This year’s top-rated account is the C24 Smart Giro Account a standout for its no-fee policy, free debit and Girocard, 0.5% base interest, four sub-accounts, and wide ATM access.
A close runner-up is the Consorsbank, offering unlimited free withdrawals, a real credit card, and bonus incentives for active users.
Both banks show how modern financial products can combine simplicity, transparency, and real value — without hidden costs or complicated terms.
🌟 Why Now Is the Time to Switch
The 2025 banking landscape is more customer-focused than ever before.
With lower fees, better rates, cashback rewards, and smarter digital tools, now is the ideal time to reassess your banking setup. Even small improvements like avoiding foreign fees or earning interest can save you hundreds of euros a year.
Whether you’re an international resident, student, or professional in Germany, your account should work for you, not the other way around.
At ETAINFI, we help you stay informed and make confident, value-driven financial decisions so you can save smart and live better in Germany.
