Abstract: The invention inter alia relates to a method for monitoring the bearing current of an electrical machine (10). An electrode (100) arranged at a distance (d) to a shaft and the shaft—due to the gap (S) between the electrode and the shaft—produce a measurement capacitance (C) and an electric shift current (i) which flows through the measurement capacitance when there is a temporal change of the voltage (Ug) applied between the shaft and the housing is measured. A measurement signal (Ms) indicating a bearing current flow is generated when the shift current or a measurement variable produced by the shift current meets a predetermined trigger criterion. Preferably, the electrode has a circular inner contour so that the gap is annular. The annular inner contour results in an error compensation in the case of a balance error of the shaft because the factor dC/dt remains at least substantially constant. Due to the contactless measurement of the shift current, no contact brushes for contacting the shaft are required.