Many foreign residents in Germany still have open bank accounts in other countries. With a new EU law on banking set to come into force next year, we look at the rules around keeping foreign bank accounts.
Rachel Loxton - rachel.loxton@thelocal.com
Updated: Tue 25 Aug 2026 12:10 CET
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Can you hold a foreign bank account in Germany? Photo: picture alliance/dpa/CosmosDirekt | AdobeStock_108314803
Many foreign residents in Germany still have open bank accounts in other countries. With a new EU law on banking set to come into force next year, we look at the rules around keeping foreign bank accounts.
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