Company Bank Account in Germany

A business account is opened independently from your private bank account when you start a business. The business account is used to conduct the financial transactions of your business. Due to the commercial structure of your business, you are required to supplement the share capital of your business account.

The law requires companies to open individual business accounts. These include, for example, GmbH, UG, AG, eG, KGaA, or eV. Such corporations are legally considered legal entities with independent legal capacity and legal responsibility.

Read our FAQ’s about company bank accounts in Germany!


Your Options

If you have a corporation, you are required by law in Germany to have a business account. Again, don’t think of this as a chore. Think of it as something that makes your life a little easier. Explore the respective provider by clicking on the logo. Read our FAQ’s about company bank accounts in Germany and which documents are required to open an account.

Private Bank Account Germany

Company Accounts
Commerzbank

English service, excellent banking app & free cash at over 9000 ATMs in Germany

Private Bank Account Germany

Company Accounts
Qonto

A digital bank with English online banking. Send money in 10 secs with no extra fees

Private Bank Account Germany

Company Accounts
Deutsche Bank

English service, excellent banking app & free withdrawals in 60+ countries

Private Bank Account Germany

Company Accounts
Postbank

Free cash all over Germany – Choose between 4 different business accounts

Commerzbank

Commerzbank is a leading German financial institution supporting around 30,000 corporate customer organizations and more than 11 million private and business customers in over 40 countries.

Opening a business account at Commerzbank is simple and fast: you can enter your data, such as name, date of birth, and address, and directly enter your desired access data for online banking. After entering the data, you will already see your future account number (IBAN). Then you need to download the app, register, and that’s it.

Commerzbank advantages for your business

To open a bank account with Commerzbank, you must be registered in Germany and be at least 18 years old. Opening a bank account with Commerzbank has many advantages, which we would like to introduce to you:

  • English-speaking customer service in about 750 branches across Germany
  • Access to an English online and mobile banking 24/7, with an excellent banking app
  • Easy payment with your smartphone or smartwatch because (Google Pay/ Apple Pay are supported)
  • Free cash at over 9000 cash machines in Germany
  • Open account online in a few minutes

Classic Account

ClassicKonto – Get-to-know offer

Current offer: the account is free for 7 months. After that it costs 12,90€/ month

Low-priced and reliable basic account – ideal for newcomers, self-employed persons, and legal entities.

Included for you:

  • free online banking
  • Digital banking via web, app, and phone
  • Commerzbank Girocard
  • 1 Commerzbank Girocard (debit card)
  • free paper-based transfers
  • Ten paperless payments per month
  • Account statements included
  • Account statements at the self-service terminal
  • Additional services can be booked individually

Founder Offer

Founder Offer

Current offer: 17,90€/month for 25th months. After that 29,90/month.

Discounted premium business accounts for companies in startups or younger than 3 years.

Included for you:

  • free online banking
  • Digital banking via web, app, and phone
  • Commerzbank Girocard
  • 1 Commerzbank Girocard (debit card)
  • free paperless transfers
  • 75 paperless payments per month
  • Account statements included
  • Account statements at the self-service terminal
  • Digital payment orders
  • Electronic banking services3
  • Business Card Premium included
  • 1 Business Card Premium4 (credit or debit card)
  • Free cash deposits & withdrawals
  • 10 cash deposits/cash withdrawals per month5
  • Additional services can be added individually.

Premium Business Account

Premium Business Account

Price: 29.90/ month

Comprehensive business account for established companies – with many services included for your daily transactions.

Included for you:

  • free online banking
  • Digital banking via web, app, and phone
  • Commerzbank Girocard
  • 1 Commerzbank Girocard (debit card)
  • free paperless transfers
  • 75 paperless payments per month
  • Account statements included
  • Account statements at the self-service terminal
  • Digital payment orders
  • Electronic banking services3
  • Business Card Premium included
  • 1 Business Card Premium4 (credit or debit card)
  • Free cash deposits & withdrawals
  • 10 cash deposits/cash withdrawals per month
What is N26

Qonto

Qonto is an online bank account designed specifically for business owners and small startups. With Qonto, entrepreneurs need to spend less time on banking and can focus on running their businesses. It takes only a few minutes to register a Qonto account.

  • Customer service in English
  • Online banking in English
  • Mobile app in English

Invoice-tracking special: Interestingly, business account holders at Penta can get their invoices tracked and automatically be compared so that you see which invoices have not been paid. It might be helpful for those who tend to forget to pay bills.

Qonto – Basic

Qonto – Basic

The essentials for managing your activity as a self-employed worker

  • 9 €/month (excl.VAT)
  • One month free of charge
  • Cancelable at any time
  • 1 member
  • 1 One card Business Mastercard included
  • 30 SEPA transfers and direct debits
  • Send money to your beneficiaries in just 10 seconds, with no extra fees compared to a normal SEPA transfer
  • 1% surcharge for international payments
  • 7-day-a-week support

Qonto- Smart

Qonto- Smart

A complete account to make banking, bookkeeping and invoicing simple

  • 19 €/month (excl.VAT)
  • One month free of charge
  • Cancelable at any time
  • 1 member
  • 1 One card Business Mastercard, and accountant access included
  • 60 SEPA transfers and direct debits and cashed checks
  • Bookkeeping Pack:Invoice processing, digital and certified receipts, VAT auto-detection, custom labels
  • Invocing Tool: Create and send customized invoices, monitor their payment status
  • Advanced features: Multiple accounts, bulk transfers, invoice-transaction matching
  • Send money to your beneficiaries in just 10 seconds, with no extra fees compared to a normal SEPA transfer
  • 1% surcharge for international payments
  • 7-day-a-week support

Qonto- Premium

Qonto- Premium

The plan that includes all our features plus priority support

  • 39 €/month (excl.VAT)
  • One month free of charge
  • Cancelable at any time
  • 1 member
  • 1 One card Business Mastercard, and accountant access included
  • 100 SEPA transfers and direct debits and cashed checks
  • Bookkeeping Pack:Invoice processing, digital and certified receipts, VAT auto-detection, custom labels
  • Invocing Tool: Create and send customized invoices, monitor their payment status
  • Advanced features: Multiple accounts, bulk transfers, invoice-transaction matching
  • Send money to your beneficiaries in just 10 seconds, with no extra fees compared to a normal SEPA transfer
  • 1% surcharge for international payments
  • 7-day-a-week support
What is N26

Deutsche Bank

An essential base for your business is your stable corporate and business account. Because no two companies are alike, Deutsche Bank’s business account service mechanisms are designed to meet the specific needs of each business. A robust base system increases your transparency, openness, and convenience at competitive rates.

If you don’t speak German and wish to remain independent concerning your financial affairs, you should get a bank account at Deutsche Bank. It may be more costly, but they offer you all services in English – apart from the application form and mobile banking. Every Deutsche Bank branch has at least one team member that speaks English.

The customer hotline has English employees whose service you can request upon calling. They have branches worldwide, and Online banking is also available in English. And you can be sure it won’t go bankrupt – after all, it’s Deutsche Bank.

Deutsche Bank advantages for your business

  • Low-cost paperless bookings via online or mobile banking
  • Withdraw cash free of charge at over 50,000 ATMs worldwide
  • SEPA real-time transfer: send and receive the money within seconds
  • App with many digital features, such as multi banking function
  • Digital mailbox for your bank documents
  • Free account switching service

Basic Business Account

Basic for 12,90 Euro/month.

  • A basic model for low usage
  • One Deutsche Bank Card (debit card) included
  • SEPA real-time transfer for 0.35 euros
  • Paperless transactions 0,22 Euro per item

Classic Business Account

Classic for 19,90 Euro/month

  • Suitable for medium use
  • One BusinessCard (credit card)
  • including
  • Access to the electronic banking service
  • Paperless transactions 0.12 euros per item

Premium Business Account

Premium for 34,90 Euro/month

  • Suitable for customers with high usage
  • Two BusinessCards (credit cards) included
  • Additional sub-account without basic fee
  • Paperless transactions 0.07 euros per item
What is N26

Postbank

Postbank has been a brand of Deutsche Bank since May 25, 2018. Since 2015, it has been a wholly-owned subsidiary of Deutsche Bank as Deutsche Postbank AG. In other words, Postbank is part of Deutsche Bank. Its services include VISA business cards and secure online banking, offering small businesses opportunities.

Recently there have been some price increases, but it’s still one of the Safest Banks in Germany for big clients and corporations. Also, now you can apply online for a business account with a free management fee for the first six months! At Postbank, you can choose between three different business accounts.

Furthermore, Girocard always free of charge; paperless bookings are from 0.20 Euro, 5 Euro free cash deposits incl. With a sufficiently high credit rating, you may get automatically approved for business financing from 5,90 € basic price at 5.000 € credit balance.

Postbank Business Giro

The smart business account

  • Promotion 6 months no account management fee then €5.90 per month
  • Nationwide cash supply

Postbank Business Giro active

The flexible business account

  • Promotion 6 months no account maintenance fee then 12,90€ per month
  • 40% more favorable booking items compared to the Business Giro
  • Visa Business Card Classic free of charge in the first year, thereafter 30€ per year

Postbank Business Giro active Plus

The convenient business account

  • Promotion 6 months no account management fee then €16.90 per month
  • Visa Business Card Classic free of charge in the first year, thereafter 30€ per year
  • Securities account included
What is N26

FAQ – Open a Business Bank Account in Germany

Table of Contents

What is a business account and who needs to open one?

A business bank account is a separate account opened specifically for conducting financial transactions related to your business. When starting a business, it is common to open a business account independent of your personal bank account. This allows for better organization and separation of personal and business finances. Depending on the legal structure of your business, such as GmbH, UG, AG, or eV, opening a business account may be legally required. However, if you are self-employed or a freelancer, it is optional and you can choose to use your personal checking account or open a separate business account based on your needs.

Why should I open a business account?

As a self-employed or commercial individual, opening a business account offers several benefits and advantages. Here are some reasons why it is recommended:

individual, opening a business account offers several benefits and advantages. Here are some reasons why it is recommended:

  1. Financial Management: A business account allows you to manage your business finances separately from your personal finances. This makes it easier to track income and expenses related to your business, ensuring accurate financial management and tax reporting.
  2. Transparency and Compliance: Keeping personal and business transactions separate helps maintain transparency and ensures compliance with tax regulations. By clearly distinguishing between personal and business payments, you can easily provide payment information to the tax office, saving you time and potential complications.
  3. Professionalism and Credibility: Having a dedicated business account demonstrates professionalism and enhances your credibility as a business owner. It gives a more organized and structured impression to clients, suppliers, and partners.
  4. Financial Planning and Growth: With a business account, you can better analyze your business’s financial performance, monitor cash flow, and plan for future growth. It provides a clear overview of your business’s financial health, helping you make informed decisions and achieve your entrepreneurial goals.
  5. Legal Compliance: If you have a registered corporation, such as a GmbH or AG, it is a legal requirement in Germany to maintain a separate business account. Adhering to this requirement ensures compliance with corporate governance regulations and avoids potential legal issues.

What documents do I need to open a business account?

Documents required to open a business account may vary depending on the type of company you have or plan to establish. However, here are some general documents that you should bring when opening a business bank account:

  • Identification: Bring your valid identification documents, such as a passport or ID card, for all authorized signatories and shareholders of the company.
  • Business registration: Provide the official registration documents of your business, including the registration certificate or trade license issued by the relevant authorities.
  • Shareholder agreement: If applicable, bring a copy of the shareholder agreement that outlines the rights and responsibilities of each shareholder in the company.
  • List of shareholders: Prepare a list that includes the names and contact information of all shareholders involved in the business.
  • Extract from the Commercial Register: For registered companies, bring an extract from the Commercial Register (Handelsregisterauszug) that verifies the legal status and details of the company.
  • Certificate of incorporation: Provide the certificate of incorporation or formation issued by the company registration office, confirming the establishment of your business.
  • Authorizations for shareholders: If there are any specific authorizations or powers of attorney granted to shareholders or company representatives, ensure that you have the relevant documentation available.

Please note that these documents serve as general guidance, and the specific requirements may vary depending on the bank and the type of company you have. It is advisable to contact the bank directly to inquire about their specific document requirements for opening a business account.

Corporations – “Kapitalgesellschaften”

For corporations like GmbH, UG, or AG, additional documents are required by the bank. These include an extract from the commercial register, the list of shareholders, and the articles of association. In some cases, the bank may also request a trade license, which can be provided after the company has been established.

The bank will complete the setup of the business account once the share capital has been deposited. Therefore, the extract from the commercial register may be submitted at a later stage after the account is opened.

It is important to ensure that all co-owners have access to the business account. Consider preparing appropriate powers of attorney in advance so that co-business partners can also utilize the account.

Sole Proprietors – “Einzelunternehmer”

As a sole proprietor, you only need to provide proof of identity, usually with your ID card, to open a business account. Occasionally, the bank may request proof of a business license, which can be submitted later if not available during the account opening process.

Freelancers and Registered Traders – “Freelancer & eingetragene Kaufleute”

Freelancers typically only need to prove their identity when opening a business account. On the other hand, registered traders must provide a certificate of incorporation, an extract from the commercial register, and a trade license.

Partnerships – “Personengesellschaften”

Partnerships such as oHG and GbR need to submit proof of identity for all partners and a copy of the partnership agreement when opening a business account. Additionally, an extract from the commercial register, the list of shareholders, and, if applicable, a trade license may also be required.

GbR – “Gesellschaft bürgerlichen Rechts”

GbRs, consisting solely of freelancers, are not subject to registration. However, the bank may request the trade license to be submitted at a later stage.

How long does it take to open a business account?

Opening a business account at a branch is a relatively quick process since all the necessary account reviews are conducted in person during your scheduled appointment. At branch banks, your documents can be reviewed on the spot, saving you time.

For direct banks, the time it takes to open a business account can be less than two days, depending on your legal situation and the required documents. Opening an account at a direct bank also offers the convenience of quick and easy identification through processes like PostIdent or VideoIdent.

What are the differences between a business account and a private account?

A business account is specifically designed for business purposes and is distinct from a personal account. While there may be some cost differences, the basic functionalities of a business account are similar to those of a personal account. Both types of accounts allow you to withdraw funds, track financial transactions, and make transfers. However, business accounts may offer additional features such as participation in direct debit programs or the ability to hold foreign currency accounts independently.

Can a private checking account be used for business purposes?

While it is not a legal requirement for self-employed individuals or freelancers to have a separate business account, it is highly recommended to keep personal and business finances separate. Although some banks may allow you to use your private checking account for business purposes, having a dedicated business account offers several advantages. It helps you maintain clear financial records, simplifies tax reporting, and enhances professionalism in managing your business finances. By separating your personal and business transactions, you can easily track income, expenses, and financial performance, which is crucial for successful business management.