Highlighted by Stiftung Warentest: Current accounts are often overpriced
In a recent test by Stiftung Warentest Finanzen (Issue 9/2025), it was found that the average checking account management fees in Germany are 125 euros per year. However, only 66 offers remain for consumers with account management fees below the acceptable limit of 60 euros per year.
According to Stiftung Warentest Finanzen, 60 euros per year is considered an acceptable limit for a good checking account. But, the costs of a checking account should not be the only factor in a bank switch. Consumers should also consider the accessibility of an institution, such as the presence of branches, ATMs nearby, and a personal contact person.
If you're looking for cheap or free checking accounts in Germany, reputable comparison websites like CHECK24 or Handelsblatt's Girokonto-Vergleich are your best bet. These platforms allow consumers to filter accounts by cost (free vs fee-based), account type (single or joint), and incoming regular amounts, helping to locate the cheapest accounts suited to individual needs.
Many banks offer cost-free checking accounts if certain conditions are met, such as a minimum monthly income credited to the account or a certain number of card payments per month. For example, the Comdirect Girokonto can be free with a monthly incoming payment of at least 700 € or alternative usage patterns; otherwise, fees up to about 4.90 € per month apply.
Consumers should check the fee structure carefully, especially conditions for free account maintenance. They should also consider bonus offers or bundled benefits like free credit cards or included savings accounts. Evaluating how often they withdraw cash or use the card abroad is also important, as fees can vary.
It's essential to verify the current offers, as bank conditions can change frequently. While Stiftung Warentest is a leading independent German financial testing institution, the latest direct data from them on checking accounts wasn’t in the results here. Therefore, using established comparison portals and reviewing current bank terms is the practical way for consumers to find the cheapest checking accounts in Germany in 2025.
If specifically seeking Stiftung Warentest's expert ratings, their official publication or website should be consulted directly for their most recent Girokonto tests. Meanwhile, the combination of CHECK24 and Handelsblatt comparisons provides a reliable, up-to-date overview of cheap checking account options.
It's worth noting that many financial institutions offer several account models, each targeting different customers and their needs. Banks and savings banks are legally obliged to assist with the account transfer in practice. The new credit institution must support consumers in informing regular payment partners about the account change.
Consumers do not necessarily need to switch banks immediately if they feel they are paying too much. It's advisable for them to first ask their current bank if there is a more affordable account model that meets their individual needs.
Lastly, it's important to check the service of a respective bank, such as the availability of different types of payment cards and the fees for a replacement card. Factors to consider for accessibility include the presence of branches, a personal contact person, and ATMs nearby.
In conclusion, finding the cheapest checking account in Germany involves careful consideration of various factors and the use of reliable comparison tools. By following the tips outlined in this guide, consumers can make an informed decision and potentially save a significant amount on their annual account management fees.
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