Hello Saranga, as many financial transactions are made via bank transfer and without cash, a bank account is regarded as a necessity. For example, you will need a bank account to pay your rent, to receive your monthly salary or to shop online. With a Sparkasse account, you will profit from the biggest network of branches in Germany and the largest number of ATMs in Germany (25,000) – which are free of charge for Sparkasse customers. You can fin some information in German about the Sparkassebank accounts here.
What are the advantages of opening a bank account?