The process of applying for a DKB Card in Germany is streamlined and digital. The DKB Card, part of a cost-free package from Deutsche Kreditbank, includes both a debit and a Visa card at no extra charge.
Established in 2000 as Germany’s initial branchless internet bank, this bank set the stage for other online banks like N26, Vivid, and Bunq.
This guide offers all the necessary details to apply for a DKB Card and gain insight into its benefits, ensuring an efficient setup of your banking needs in Germany.
DKB Bank Review: Is DKB a Good Online Bank?
When applying for a DKB Card in Germany, potential clients will find DKB, or “Deutsche Kreditbank,” a prominent choice among online banks.
Established in 1990 and rooted in Berlin, this bank is a subsidiary of Bavaria’s state bank and caters to around 4.5 million clients nationwide.
It offers highly regarded current accounts that can be set up as joint or student accounts. Each account comes with a free Visa Card Debit and no monthly fees.
Additional Services Offered by DKB
Apart from standard banking accounts, DKB extends its services to include credit cards, investment accounts, and loans, enhancing its appeal, particularly among expats and English speakers residing in Germany.
DKB Bank Accounts: Types and Fees for Private Use
When applying for a DKB Card in Germany, you have several options based on your needs. The DKB Girokonto is tailored for individuals, while the Gemeinschaftskonto suits partners.
There are specialized accounts for students called Studierendenkonto and Kinderkonto for children, each with a unique German IBAN.
In Germany, people under 28 or those with active customer status enjoy no monthly fees. These accounts provide a range of benefits:
- You receive a free DKB Visa Debit Card that supports contactless and mobile payments.
- You can opt for a Girocard or a DKB Credit Card for a monthly charge.
- All card payments within Germany and internationally come without additional fees.
- You benefit from unlimited free cash withdrawals at international ATMs, starting from €50, and at specific retailers like REWE and Rossmann, with amounts ranging between €50 to €300.
- For active customers or those using a credit card, all card payments and ATM withdrawals in foreign currencies are free. Inactive customers face a 2.2% fee on foreign transactions with the Visa Debit Card.
- The bank offers free online and mobile banking, supporting unlimited transactions.
These features make the DKB Card a practical choice for managing finances efficiently in Germany.
DKB Credit Cards and Debit Cards
DKB offers a range of payment cards tailored to meet the needs of customers in Germany. These include both credit and debit options, each designed for convenience and security in everyday transactions.
Free DKB Visa Debit Card
The DKB current account offers a free Visa Debit Card with a contactless option.
It supports mobile payments via Apple Pay and Google Pay. You can withdraw cash for free at all ATMs and stores accepting Visa with a minimum withdrawal of 50 Euros.
Active customers in Germany face no fees when using the card outside the Eurozone or requesting an emergency card or cash after loss or theft abroad.
DKB Girocard
The DKB Girocard, available for 0.99 Euros per month, includes a contactless option. It is useful for payments in stores in Germany that do not accept Visa, only Girocard, or for depositing cash at a DKB ATM.
DKB Credit Card
The DKB Visa Credit Card, also contactless, is ideal for store payments and online shopping. Hotels and rental car companies often require a credit card for security guarantees.
The DKB Credit Card supports mobile payments (Apple Pay / Google Pay). Regardless of active customer status, there are no fees for using the card outside the Eurozone or requesting emergency services while traveling. The DKB Credit Card costs 2.49 Euros per month.
Why Open a DKB Account
Opening a DKB account offers numerous advantages that make banking simple and convenient, especially in Germany.
- Free account maintenance
- Free bank transfers within SEPA countries
- Free debit and VISA cards
- Free cash withdrawals from all Visa-cash machines globally, including Germany (minimum 50€)
- Free internet banking
- DKB app for banking on the go
- Online application with video identification (WebID)
Requirements to Open a DKB Account
To open a DKB account, certain criteria must be met to ensure a smooth application process.
- No negative Schufa entry (credit investigation)
- Valid passport or identification card
- Good internet connection
- Registration in Germany (Anmeldung) and a tax ID
- Webcam and Skype for video identification (WebID)
- Basic German knowledge or ability to use Google Translate
Tip: Using Chrome browser, right-click and select “Translate to English” for assistance.
Key Features of a DKB Bank Account
DKB Bank offers a range of benefits designed to provide flexibility and convenience for account holders in Germany.
Free to set up and maintain
Setting up and maintaining a DKB bank account is entirely free. No sign-up or ongoing management fees apply.
There is no minimum deposit required, but having at least €700 monthly deposits qualifies as an Aktivkund (Active Customer), unlocking additional benefits.
Free DKB Visa Debit Card
DKB’s standard account includes a free Visa debit card, covering POS purchases, cash withdrawals, and online transactions.
For a small monthly fee, you can also obtain a DKB Visa credit card and EC card (EC-Karte/Girokarte).
Free worldwide ATM withdrawals
DKB offers unlimited free ATM withdrawals in euros, both within Germany and the EU.
This feature is unique compared to competitors like N26, Vivid, or Bunq, which limit free withdrawals, or Commerzbank and Deutsche Bank, which restrict free withdrawals to affiliated ATMs.
Aktivkund (Active Customer) status also eliminates additional fees for non-euro currency transactions.
DKB and Apple Pay / Google Pay
DKB integrates with Apple Pay and Google Pay, allowing secure payments via phone, watch, or tablet.
Main Drawbacks of a DKB Account
While DKB Bank has many benefits, there are also some drawbacks to consider for potential customers in Germany.
No English customer support
DKB services are exclusively in German. Non-German speakers may find this challenging compared to the multilingual support offered by competitors like N26, Vivid, and bunq. Limited German proficiency can be a significant barrier.
No DKB branches
DKB operates entirely online with no physical branches. Those with complex banking needs or preferences for in-person advice may find traditional banks like Deutsche Bank or Commerzbank more suitable.
Possible rejection
DKB rejects over 50% of sign-ups, often without explanation. Common reasons include poor credit ratings, freelancer or self-employed status, and low salaries.
Step-by-Step Guide to Applying for a DKB Card
Applying for a DKB Card involves a few straightforward steps. This guide simplifies the process for you.
Access the DKB Registration Form
Click the link to open the DKB-Cash sign-up form. In German, select ‘Jetzt DKB-Cash eröffnen.’
Provide Personal Information
Fill in your details accurately on the form.
Agree to Data Protection Terms
Review and accept DKB’s data protection terms and conditions. A summary of your data will appear after acceptance.
Submit and Proceed to ID Verification
Click ‘Open an account’ to move to the ID verification step.
Verify Your Identity
After submitting the form, DKB will email instructions for identity verification. Use WebID for online verification via video call. Prepare:
- A device with a webcam and microphone
- A valid ID or passport
- Your reference number from DKB’s email
Alternatively, verify in person at a Deutsche Post branch in Germany using the POSTIDENT coupon provided in the email.
Receive Account Documents and Bank Cards
Upon successful verification, receive your account documents and bank cards by post. You are now a DKB customer.
Interest Rates and Fees for DKB Card
When applying for a DKB Card in Germany, it’s essential to understand the associated interest rates and fees to manage your finances effectively.
Interest Rates:
- Credit Card Interest Rate: The DKB Visa Credit Card charges an annual interest rate of approximately 6.74% on outstanding balances.
- Overdraft Interest Rate: If you use the overdraft facility on your DKB account, the interest rate is about 7.34%.
Fees:
- Monthly Fees: DKB accounts are generally free of monthly fees if you meet the criteria for an active customer (monthly deposits of at least €700). Otherwise, a small fee of €4.90 per month applies.
- Transaction Fees:
- Domestic: Card payments within Germany are free of charge.
- International: Active customers enjoy fee-free card payments and withdrawals outside the Eurozone. Inactive customers incur a 2.2% fee on foreign transactions.
- ATM Withdrawals:
- Free withdrawals at international ATMs for active customers.
- Minimum withdrawal amounts apply, usually €50 at international ATMs and specific retailers like REWE and Rossmann within Germany, where amounts range between €50 to €300.
- Card Issuance Fees:
- Visa Debit Card: Free.
- Credit Card: The DKB Visa Credit Card costs €2.49 per month.
- Girocard: Available for €0.99 per month.
Conclusion
Applying for a DKB Card is simple and brings many advantages. Make an informed choice by learning about interest rates, fees, and eligibility requirements.
Stay current on your payments and reach out to customer support if necessary.
Using the right strategy, the DKB Card is a great tool for financial management and enjoying its rewards in Germany.