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German Bank

There are a large amount of banks and Sparkassen (savings banks) in Germany. Banks are private institutions. Sparkassen are run by local public authorities, which explains their names, such as Berliner Sparkasse, Hamburger Sparkasse and Sparkasse Dresden.

Most banking institutions offer a full range of banking, investment and insurance services, many also provide advice on property rentals and purchases. Since services, prices and conditions vary widely, you should shop around before you make a decision. Consumer advice agencies also provide information on banks and Sparkassen. Almost all banks now provide online banking via the Internet, and there are also some pure online banks like Comdirect (www.comdirect.de) and Consors (www.cortalconsors.de).



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