Germany Banks
Convert Germany bank statements to Excel or CSV in seconds
German retail banking is led by Deutsche Bank, Commerzbank, Sparkassen (savings banks), and Volksbanken/Raiffeisenbanken (cooperative banks). Statements use SEPA ISO 20022 XML standards, making them among the most structured in Europe.
Deutsche Bundesbank + BaFin
Income tax 14–45%; solidarity surcharge 5.5% on income tax; 19% VAT (7% reduced rate); corporate tax 15% + trade tax (Gewerbesteuer) 14–17%; freelancers file Einkommensteuererklärung annually.
Jan 1 – Dec 31
Supported Banks in Germany
Freelancers (Freiberufler) in Germany must track Umsatzsteuer (VAT at 19%) separately and issue Rechnungen (invoices) with explicit VAT breakdowns. Annual Einkommensteuererklärung filings require complete statement reconciliation.
Common Merchant Labels
| Label | Meaning |
|---|---|
| SEPA LASTSCHRIFT | SEPA Direct Debit |
| ÜBERWEISUNG | Bank wire transfer |
| FINANZAMT | Tax office payment |
Regulatory Notes
BaFin supervises under PSD2/GDPR framework. SEPA is the dominant payment rail for all EUR transactions across Germany. German statements frequently include IBAN references for all transfers.
Frequently Asked Questions
Which banks in Germany are supported?
Kashfbank supports Deutsche Bank and all major banks in Germany.
What currency do Germany bank statements use?
The primary currency in Germany is EUR. Kashfbank extracts all currency values exactly as shown in the original PDF.
Who regulates the banking sector in Germany?
BaFin supervises under PSD2/GDPR framework. SEPA is the dominant payment rail for all EUR transactions across Germany. German statements frequently include IBAN references for all transfers.
How does Kashfbank handle Germany bank statements?
Kashfbank uses AI to extract transactions from PDF statements from all major Germany banks. Bilingual statements, multi-page PDFs, and all common PDF formats are fully supported.
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Common Payment Apps
Salary Conventions
Salaries via SEPA Credit Transfer, appearing as 'GEHALT' (German for salary) or employer name + month reference. End-of-month payment is standard.