Certificate of Residence is a requirement at any bank nowadays.

1st one after each arrival needs to be done in person.

@Robert *******

I was never asked for such a statement.

@Robert *******

if you don't know the process, please stop spreading nonsense. Thanks!

@Shane **********

not at all. Keeping 1,6 Mio on your account is much more expensive than 12-14k "fee" per year.

@Richard ********

Richard and

@Phil *****

you're talking about the extension for existing non-o. Initial non-o was about 25 to 30k for 15 months, before Immigration started to mess up.

Whatever the majority tells here, check yourself the rates of your local banks. Wise usually offers the best exchange rates, but the fees are rising high with large amounts of money sent.

Example, Postbank Germany:

Postbank charges 0,8‰ of the amount sent, minimum 6 Euro and maximal 40 Euro. If you now send 1Mio USD, the 40,- EUR are peanuts. Additionally this bank charges a fixed fee of 25,- EUR.

Local banks often have such a low fixed fee but slightly worse exchange rates. Nobody here knows your bank and their fees, so all comments are out of the blue. There are websites, where you are able to compare, i.e. on WISE website:



... or Cuex:

Most probably here never ever has a group member applied for a work permit for Germany.

Yes, but with the assistance of an agent only.