Commerzbank
Pros & Cons
Pros
- Deposit protection: DGS €100k (DE)
- Full-service incumbent
- local DE IBAN
- branch network
Cons
- —
Rating breakdown
Why this score
Good fit for
- you receive international wires (SWIFT)
- you receive SEPA transfers
May not fit if
- you need to hold USD
- you need crypto in or out
This is a licensed bank, so eligible deposits are protected by the deposit guarantee scheme (DGS) up to €100,000 per customer. That's a key safety factor when choosing.
- Licence
- Bank · BaFin
- IBAN
- DE
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
Editorial review
Data reviewed by Ilya ChernetskiyFounder and editor, nomonedaUpdated: 2026-08-15
Commerzbank is a licensed bank (BaFin), so eligible deposits carry DGS €100k (DE).
It is a local bank licensed in DE supporting EUR. FX model: Card-network rate + bank markup.
It tends to suit german residents, full-service banking, branch network.
Fees & terms
- Exchange rate
- Card-network rate + bank markup
- Card cost
- Free with conditions / paid otherwise
- Local-currency withdrawal
- Not disclosed
- USD withdrawal
- Not disclosed
- Withdrawal fees
- Not disclosed
- Limits
- Not disclosed
- USD yield
- Not disclosed
- Cashback
- Not disclosed
- Currencies
- EUR
- Cards
- Global Physical, Global Virtual
- Transfers
- SEPA in/out, SEPA Instant in/out, SWIFT in/out
- Payments
- Apple Pay, Google Pay
- Licence
- Bank — BaFin
- IBAN
- DE
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
- FX model
- Card-network rate + bank markup
- Opening requirements
- Needs German address; remote opening with German docs
- English support
- Yes
- Remote opening
- Yes
- Headquarters
- Germany
Transfer routes
One row per direction, rail and currency — with what we hold on fees, speed and limits. A blank fee is not a free transfer; it is a fee we have not collected.
| Route | Fee | Speed | Limits |
|---|---|---|---|
| SWIFTincoming | 2.5 EURConditional: Incoming SWIFT under 250 EUR — 2.50 EUR + 10 EUR10 EURConditional: Incoming SWIFT under 250 EUR — 2.50 EUR + 10 EUR0.15%Conditional: 0.15%12.5 EURConditional: min 12.50 EUR, max 100 EUR100 EURConditional: min 12.50 EUR, max 100 EUR7.5 EURConditional: Incoming SWIFT FX conversion under 12500 EUR — 7.50 EUR (if currency differs from account currency)0.1%Conditional: 0.10% | Not published | — |
| SWIFToutgoing | 2.5 EURConditional: Outgoing SWIFT under 250 EUR — 2.50 EUR + 10 EUR10 EURConditional: Outgoing SWIFT under 250 EUR — 2.50 EUR + 10 EUR0.15%Conditional: 0.15%12.5 EURConditional: min 12.50 EUR7.5 EURConditional: Outgoing SWIFT FX conversion under 12500 EUR — 7.50 EUR (if currency differs)0.1%Conditional: 0.10% | Not published | — |
| SEPAincomingEUR | Free | Not published | — |
| SEPAoutgoingEUR | Free | Not published | — |
| SEPA InstantincomingEUR | Not published | Instant | — |
| SEPA InstantoutgoingEUR | Not published | Instant | — |
Who holds your money
The name on the app is not always the company holding the balance, and deposit protection follows the licence rather than the brand.
| Role | Organization | Answerable for | Applies to |
|---|---|---|---|
| Licence holder | CommerzbankBaFin | Operating under regulatory permission | All currenciesDGS €100k (DE) |
| Deposit guarantee | DGS €100k (DE)BaFin | Paying out if the deposit holder fails | EURDGS €100k (DE) |
What to know before you move money
Nothing flagged — Nothing we track is flagged on this service.
- Medium2 route(s) state a fee we could not turn into a number.
Read from: transfer_routes.fee_components
Recent updates
- 2026-08-15checked15 facts about Commerzbank re-checked against their sources
3 similar services
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| Service | Score | Documents | Head-to-head |
|---|---|---|---|
| ING Netherlands | 72/100 | Needs BSN/Dutch address | Compare → |
| CaixaBank / HolaBank | 71/100 | No NIE needed; HolaBank tailored to non-residents | Compare → |
| Banco Sabadell | 73/100 | Needs NIE/passport; expat account programme available | Compare |
User reviews
User score
No reviews yet.
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FAQ
- Is my money protected?
- Yes. Commerzbank holds a full bank licence (BaFin), so eligible deposits are protected by DGS €100k (DE).
- What IBAN and transfers?
- Commerzbank issues a DE IBAN. SEPA Instant: send + receive.
- Can I open remotely, in English?
- Opening is remote. English support is available. Requirements: Needs German address; remote opening with German docs.
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
Independently corroborated, rated on the full model and checked within the year. This service can appear in our ranked picks.