Here is a quick overview about the types of bank account you can open in Germany.
Girokonto (Current Account): This account is for receiving your salary or paying bills. Sometimes some banks might offer special deals for students and young people. Sparkonto (Savings Account): As the name implies, this account is for your savings. You can have either a Tagesgeldkonto, which you can access instantly or a Festgeldkonto, which is a higher interest account where you have to deposit at least a certain amount and the money has to stay there for the descripted period of time. Digital and Mobile Accounts: There are banks in Germany that do not have any physical branches and operate completely online/from your mobile device. Their fees are usually lower (not always) and sometimes there are no monthly fees. They might not have full English customer support.
ⓘ If you aren't a citizen of EU or haven't received your residence card yet: Digital and mobile accounts option might not be immediately available for you when you first arrive. Please check with the bank for their policy.
Most of the banks charge you a certain monthly fee for your account (depending on the services you choose for an account) . Sometimes if you are earning more than a certain amount per month, this fee may be waived. Now that you have a bank account, you can do a lot more in Germany! → If you are a citizen of EU or overall have a bank account from a country that's part of SEPA, and just do not want to deal with opening a bank account just to receive your salary, you might be able to do so! In this case, contact our Human Resources Department. (Though we recommend having a German bank account for convenience reasons).