Banks and banking

Having a bank account in Reutlingen will make your life a lot easier. Credit cards are less widely used in Germany than in many other countries, and they are not always accepted in smaller shops or restaurants. The most common ways of conducting larger monetary transactions are transfers (Überweisung) using transfer forms, or electronic transfers via the internet.

It is easy to open a current/checking account (Girokonto). The account is free of charge for students under the age of 25. Take your passport as well as your student-ID, semester address and phone number when you go to open your account. You will likely receive an EC debit card, which is valid in most places and at ATMs throughout Europe (with fewer fees, perhaps, than using an Asian or North American card).

A lot of banks are available downtown, though most students choose either the Volksbank, located very close to campus on Pestalozzistrasse, or the Kreissparkasse Reutlingen. Most banks are open 9.15am - 12.30pm and 2pm - 5pm Monday to Friday.