Current account in Munich with advice: HVB and Sparkasse compared

Personal advice on your current account: How the appointment at the branch works

If you are looking for a current account with personal advice in Munich, you will find it at branch banks such as HypoVereinsbank (HVB) and Stadtsparkasse München. Both offer a contact person at the branch. The accounts differ mainly in which branch services are included in the account price and which cost extra. This article compares the HVB AktivKonto and the HVB PlusKonto with the four München-Giro models. In the comparison of the HVB AktivKonto with the München-Giro, Kompakt and Extra models, the HVB AktivKonto performs best on branch services, because cash deposits and withdrawals at the counter are included in the account price of 4.90 euros. All figures come from the banks' websites and price schedules, as of October 2026. How Livossa builds its comparisons is explained on the methodology page.

Current account in Munich with advice: What HVB and Stadtsparkasse include in the account price^[1][2]

Many people who choose an account with a contact person in Munich use the branch not only for meetings but also for cash at the counter. With the HVB AktivKonto, cash deposits and cash withdrawals at the counter are included in the account price of 4.90 euros per month. The HVB AktivKonto performs best here, because among the accounts compared it is the cheapest with counter deposits and withdrawals included in the account price.

The Stadtsparkasse München figures come from its schedule of prices and services and the model overview for the München-Giro. HVB lists 9.90 euros per month for the PlusKonto; for new customers the price is waived if, among other conditions, a monthly incoming payment of 1,000 euros is met. At HVB, cash can in principle only be deposited at HypoVereinsbank ATMs.

These figures apply only to Stadtsparkasse München. Other savings banks set their own prices.

At both banks, personal advice means: an adviser is your fixed point of contact. HVB describes it as the adviser being personally available to you and advising you individually on your finances.^[1] For questions about the account, Stadtsparkasse München refers you to an appointment with your adviser.^[3]

The process is usually similar. You book an appointment, bring a valid ID and discuss in the meeting which account model fits your everyday life. If you want to switch an existing account, it is best to bring a list of your standing orders and direct debits.

For the current account itself, advice is not a separate price item. What the account costs depends on the account model and its fees. Whether advice on credit, investing or retirement provision incurs costs is governed by the respective product, not by the current account.

Which branch services cost extra with Munich current accounts

The services most likely to cost extra are those for which you visit the branch: cash at the counter and paper transfers. At Stadtsparkasse München, depositing banknotes via the staffed cash service costs 4.90 euros in the München-Giro, Kompakt and Extra models, after one or two free deposits per month; in the Premium model it costs 0.00 euros.^[4] At the ATM, the deposit costs 2.00 euros in the three models and 0.00 euros in Premium.

Free transactions are the number of deposits per month that remain free of charge. If you deposit cash once a month, one free transaction is enough. If you deposit weekly — tips or cash from relatives, for example — you will quickly exceed it.

Paper transfers also cost extra with some accounts. With the HVB AktivKonto, a paper-based SEPA transfer or one made at a self-service terminal costs 2.50 euros; online it is included in the account price.^[1] If you submit paper transfers often, it is best to factor this item into the comparison.

What you should clarify about the current account in the advisory meeting

An advisory meeting about a current account is productive if you know how you use the account. These questions help:

• How often do I deposit cash at the counter or at the ATM each month?
• How many transfers do I submit on paper or at a terminal?
• What condition is attached to the account price, such as a monthly incoming payment?
• Which cards are included in the account price, and which cost extra?
• What changes if I later switch to a different account model?

You will find the answers in the bank's schedule of prices and services and in the fee information that banks must hand over before a contract is signed. Ask to be shown the lines in the meeting that concern your most frequent branch visits. The BaFin account comparison^[5] offers a neutral overview of account models.

Who benefits from a current account with advice in person

A current account with advice in a Munich branch is worthwhile if you prefer to settle your banking in person and also use the branch for cash. For this group, the monthly price matters less than the question of which branch services it includes. If you do almost everything online and rarely use cash, you pay a branch bank for services you seldom need.

In this comparison of accounts, the HVB AktivKonto performs best for people who also use their account at the counter: for 4.90 euros per month, cash deposits and withdrawals at the counter are included.^[2] This result applies to the compared accounts of HVB and Stadtsparkasse München, not to the whole market. Your next step: count how often you deposit cash at the counter each month and bring that number to the advisory meeting. The article Girokonto mit Filiale: Schalter, Bargeld und Beratung works out what counter services add up to over a full year. Kostenloses Girokonto: Worauf es bei den Bedingungen ankommt explains what conditions banks attach to a price of 0 euros.

Frequently asked questions

Which bank in Munich offers a current account with personal advice?

Branch banks such as HypoVereinsbank and Stadtsparkasse München offer current accounts with a personal contact at the branch. At HVB, the AktivKonto at 4.90 euros per month includes deposits and withdrawals at the counter.

Does advice on a current account cost extra?

For the current account itself, advice is not a separate price item. The costs arise from the account model and its fees, for example for cash at the counter.

What does a cash deposit at the counter cost in Munich?

With the HVB AktivKonto and HVB PlusKonto, a deposit at the counter is included in the account price. At Stadtsparkasse München, it costs 4.90 euros in München-Giro, Kompakt and Extra after one or two free transactions, and 0.00 euros in Premium.

What should I bring to the advisory meeting?

A valid ID and an idea of how you will use the account: how often you deposit cash and submit paper-based transfers. If you are switching, bring your list of standing orders.

Sources

1. hypovereinsbank.de
2. hypovereinsbank.de
3. sskm.de
4. sskm.de
5. kontenvergleich.bafin.de