My German Finances
€12,90
Commerzbank is a major German commercial bank headquartered in Frankfurt, Germany. Unlike their fintech competitors, Commerzbank has been a major player in the German finance industry since they were established in 1870. They have a good reputation and a strong presence throughout Germany. They proudly hold the 2020 title as Germany’s best branch bank. As a customer of Commerzbank, you will have access to all of their physical branches. Use our step-by-step tutorial in English, which helps you through the Commerzbank registration process.
Go to Commerzbank
Business Bank Account:
Commerzbank offers 3 business bank account options. Each account offers comparable features with add-ons available for an additional cost.
Classic Business Bank Account “KlassikGeschäftskonto”
The “KlassikGeschäftskonto” starts at €12.90/month. They are currently waiving the monthly fee for the first six months.
With the “KlassikGeschäftskonto” you will have full online banking accessible via mobile or web browser. You will even have access to the thousands of Commerzbank ATMs through Germany. Through ATM access, you can freely withdraw funds, deposit funds, and check your account statement.
Included:
For an additional fee you can:
Premium Business Bank Account “PremiumGeschäftskonto”
The “PremiumGeschäftskonto” starts at €29.90/month.
The “Gründerangebot” account is offered specifically to start-ups less than 3 years old. This offer allows those who qualify to pay €17.90/month for the first 24 months (after that it will be €29,90). Basically, you will receive 40% off the “PremiumGeshäftskonto” for 2 years. Customers who sign-up for this offer will have access to the same features offered in the “PremiumGeschäftskonto” account.
Included:
For an additional fee you can:
How to Apply:
The application process is simple and quick if you have all the documents and information handy.
The first part of the application process will ask for your personal information along with information about your business. This information will include your name, gender, date of birth, and address. At this point, you will be able to see your future account number (IBAN)
The second part of the application process will have you verify your identity. You will need to download Commerzbank’s preferred verification application. This is called “videoIDENT” and you can find it on the app store. You will connect with a live representative through the app. They will confirm your identity with your physical ID or Passport.
Once your information is successfully verified, you will receive a photoTAN activation letter and will have access to online banking.
