Some are, some are not. The US tax reporting requirements for their citizens abroad made a lot of banks refuse American customers. But there are also other req

Some are, some are not. The US tax reporting requirements for their citizens abroad made a lot of banks refuse American customers. But there are also other requirements that are not related. The most effective workaround at the moment is to choose a EU bank outside of Germany. This skips the requirement for a residence permit or a registered address, so people can land in Germany with a functional bank account. Another workaround is to rely on branch employees to be a little pragmatic and let immigrants open an account. These exceptions are naturally impossible to document, but they are a normal part of German bureaucracy. A third and last workaround a symbiotic relationship between a relocation consultant and a bank employee. They expedite the process and in return they get a steady stream of high-income customers.