Targobank • EUR
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Ingrid Schneider · Updated: 3 September 2026
TARGOBANK's Online-Konto is a classic current account with full access via branch, phone, online banking and app, aimed according to its stated target group at employees, pupils, students, apprentices and retirees.
The account is free if at least EUR 600 in salary is credited each month. If this condition isn't met, TARGOBANK charges EUR 3.95 a month.
The bank's current offer page for this account does not list a new-customer bonus.
The debit card is included with the account. With the Visa credit card, the first four cash withdrawals per month in Germany are free of charge, provided a standing payment order is set up from the current account. The product data also lists several further credit card variants, though the offer page itself gives no detail on their exact terms.
Withdrawals at TARGOBANK's own ATMs are free. At other banks' ATMs domestically, charges may apply depending on card type and conditions. Abroad, the bank advertises worldwide fee-free cash withdrawals via its Gratis-Cash partner network. In addition, fee-free cashback of up to EUR 200 is available at store checkouts from a purchase value of EUR 20.
The bank charges 13.73% for an arranged overdraft and 16.73% per year for an unarranged, non-agreed overdraft — a comparatively high figure that frequent overdrafters should keep in mind.
Deposits are protected up to EUR 100,000 via the Entschädigungseinrichtung deutscher Banken GmbH. The app offers a digital household book with automatic categorisation of transactions, graphical breakdowns of income and expenses, Apple Pay support, and an SMS/email notification service for account activity. A switching service is also available.
Anyone who regularly receives at least EUR 600 in salary into the account banks here permanently free of charge, and also benefits from the worldwide Gratis-Cash network and the built-in household book. For anyone with irregular or lower income, a manageable monthly fee of EUR 3.95 applies. According to the product data, the stated target group ranges from employees to pupils, students and apprentices through to retirees, so the account is not tailored to one particular life stage but positioned more as a universal account for almost any customer group, as long as reaching the EUR 600 threshold for free maintenance is not essential.
The account can be opened online via TARGOBANK's website, or alternatively at one of the bank's branches. an advantage over pure direct banks for anyone who prefers in-person advice.
TARGOBANK's Online-Konto is a solid, conditionally free current account with unusually practical extras like the worldwide Gratis-Cash network and fee-free cashback at checkout. There is currently no new-customer bonus, but the account scores with a comparatively low income threshold of just EUR 600 for free account maintenance.
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