I'm planning to open a personal bank account in Germany very soon and I need this clarified before I do that.

Some info:

  • I don't have German Citizenship
  • I do not live in Germany and I don't plan on living there
  • I will not be receiving any money from German Companies (for now at least) and I will not be performing any services or have any sort of activity in Germany besides having a bank account there
  • I plan to use the bank account for international transfers only

Do I have to pay any taxes in Germany?

I tried googling for the answer, but I couldn' find a clean answer anywhere. Besides that, are there any other things I should know about before opening a bank account in a foreign country?


No you won't.
Germany taxes income, not bank accounts. Note that this changes immediately when your bank account makes interest - you will owe taxes on this interest.

However, chances are you won't get a bank account. Without residency or income, typically the banks wouldn't give you an account. Feel free to try, though.

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