GwG-Identification for Bank Accounts in Germany

If you want to open a bank account with a German financial institution, you are required to provide the appropriate identification and verification of legitimacy. According to the German Money Laundering Act (Geldwäschegesetz (GwG)), every natural person or legal entity wishing to open a German bank account (e.g. current account, deposit, and safe deposit box) needs to undergo verification of identity. In conformity with the German Tax Code (Abgabenordnung (AO)), a verification of legitimacy is also required.

Based on an agreement between the German Banking Industry and the Association of German Chambers of Commerce and Industry (German Chamber of Commerce and Industry (DIHK), we are glad to be able to offer this service in China.

Our Service for You:

  • GwG-Identification and legitimacy verification of natural persons or authorized representatives of legal entities within one working day.
  • Transmission of records and forwarding of copies of the necessary documents (Passport, ID) to the relevant banking institution in Germany.

Please note:

  • Due to the specific requirements of each banking institution, it is necessary to arrange an appointment in advance.
  • Costs for the GwG-Identification and legitimacy verification are usually covered by the German banking institution. Please contact the bank of your choosing in advance to clarify the exact terms.