For the duration of your stay in Germany, you should open an account with a European bank. You can decide in advance whether you want to use an online bank or use the branch office of a bank in Bielefeld. Almost all banks offer free student accounts. This will also save you fees that might otherwise be incurred when withdrawing cash using a credit card.

If you plan to open an account, it will be best to arrange an appointment with the bank. You will usually need the following documents:

• ID card or passport (with visa or residence title, if applicable)
• Proof of matriculation
• Registration confirmation (you will receive this when registering at the Citizens’ Registration Office)
• Tax ID (you will receive this when registering at the Citizens’ Registration Office or at the local tax office)