Can I open a Commercial Bank account online?
Yes, Deutsche Bank does offer accounts for US citizens, but as an American living abroad, you may encounter specific challenges due to stringent US tax reporting requirements like FATCA and FBAR. While the bank may theoretically allow US citizens to open accounts, individual branch policies can vary, and some applicants have reported being rejected depending on their specific residency and employment status. If you are an American living in Germany, be prepared to provide extensive documentation regarding your tax status. It is advisable to consult directly with a local branch or use their digital onboarding portal, while keeping in mind that you will be required to fulfill your US tax obligations, including annual reporting, regardless of where your account is held.
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