September 2021

Top Digital Business Bank – Germany

Top Digital Business Banks

Germany
Germany – September 2021
  • Benefit from no paperwork, fast approval and automated banking & accounting workflows
  • Save money with low or no fees on transactions, transfers & payments
  • Perfect for small businesses & freelancers
  • No paperwork, fast approval
  • Save time & money
  • Accounting integrations

Advertiser Disclosure

Top10BusinessBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end.

Please note:

  • All the information displayed in this site is completely subjective. Moreover, we have broad editorial discretion as to the content we publish on the site and due to various reasons, the information you see may be incomplete and/or inaccurate. Please don’t hesitate to double-check the information we provide. It’s okay, we won’t be offended – on the contrary, we would love to hear your feedback!
  • We’re able to offer this completely free-of-charge online resource thanks to the referral fees we receive from our partners (some of the companies listed on this site). While this may affect the location of these companies and the content we feature on the site, it’s not possible to purchase a favorable review or a position on this site.
Business Banks Pricing Card Regulation Main Advantages Score Open an Account
Plans 6€+/mo More Info Pleo Prepaid Mastercard FSA, PCI
  • Bills processing and payment
  • Digital & audit-proof receipt capture
  • Direct integration to Xero | QuickBooks | DATEV
  • Pleo Virtual & plastic cards for team members
9.8 Start your free trial today!

Payments

Account Types
  • GBP, EUR
Automated Payments
  • N/A
Domestic Transfers
  • Free
International Transfers
  • 2% /transfer

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Savings tools
  • green-check-mark Bookkeeping
  • green-check-mark Invoicing
  • green-check-mark Xero, e-conomic, Sage, Fortnox

Security Features

  • Fraud monitoring
  • Online card blocking

Account Access

Based on 10,000 reviews
Plans 5+€/mo More Info Soldo Corporate Mastercard FCA
  • On-the-spot receipt capture
  • 2% FX fees for foreign transactions
  • Free domestic deposits & withdrawals 
9.5

Payments

Account Types
  • EUR, GBP, USD
Automated Payments
  • Bank transfers
  • Direct Debit
Domestic Transfers
  • Free
International Transfers
  • 1% /transfer

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Savings tools
  • green-check-mark Bookkeeping
  • close-mark-black Invoicing
  • green-check-mark Xero, QuickBooks, Sage

Security Features

  • Fully regulated by the FCA
  • Funds are safeguarded under the UK Electronic Money Regulations from 2017

Account Access

Based on 794 reviews
Plans 9+€/mo More Info qonto Corporate Mastercard ACPR
  • FR, IT, ES, & DE IBANs
  • Digital receipts storing
9.1

Payments

Account Types
  • IBAN
  • EUR
Automated Payments
  • Bulk, recurring & scheduled
  • Direct Debit
Domestic Transfers
  • Free or 0.4 €/transfer
Above your plan’s allowance, you will be charged 0.4 € per transfer
International Transfers
  • From 0.90%/transfer
Depending on pricing plan

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Savings tools
  • green-check-mark Bookkeeping
  • green-check-mark Invoicing
  • green-check-mark Sage, QuickBooks, LoopSoftware

Security Features

  • In-app security controls
  • Block/unblock cards
  • Get a response from customer support in under 15 minutes

Account Access

Based on 1,166 reviews
Free Account
Plans 9€+/mo More Info
Kontist Corporate Mastercard BaFin
  • Best for entrepreneurs
  • Real-time tax forecasting
8.8

Payments

Account Types
  • German IBAN
Automated Payments
  • Direct Debit
Domestic Transfers
  • Unlimited SEPA transfers
International Transfers
  • N/A

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Savings tools
  • green-check-mark Bookkeeping
  • green-check-mark Invoicing
  • green-check-mark Lexoffice, FastBill, Debitoor

Security Features

  • 24-hour helpline for card blocking
  • Personal customer support

Account Access

Based on 21 reviews
Free Account
Plans 10€/mo More Info
Fyrst Corporate Mastercard Deutsche Bank
  • Best for start-ups & starting businesses
  • Tax issuance
8.5

Payments

Account Types
  • EUR
Automated Payments
  • Direct debits
  • Scheduled
Domestic Transfers
  • Free SEPA transfers
International Transfers
  • 15€  per transfer

Accounting Tools

  • green-check-mark Expense Management
  • close-mark-black Savings tools
  • green-check-mark Bookkeeping
  • green-check-mark Invoicing
  • green-check-mark SevDesk, lexoffice & Sage

Security Features

  • BestSign procedure for secure online banking with authorization by password, fingerprint or face recognition

Account Access

Based on 14 reviews
Free account
Plans 9€+/mo More Info
Penta Corporate Mastercard BaFin
  • Simplified expenses management
  • Financing solutions via iwoca & Auxmoney
8.2

Payments

Account Types
  • IBAN (DE)
  • EUR
Automated Payments
  • Bulk, recurring & scheduled
Domestic Transfers
  • Free or 0.2 €/transfer
International Transfers
  • 0.5%-1%/transfer

Accounting Tools

  • green-check-mark Expense Management
  • green-check-mark Savings tools
  • green-check-mark Invoicing
  • green-check-mark Bookkeeping
  • green-check-mark Datev, lexoffice, debitoor

Security Features

  • In-app security controls
  • Standard German guarantee on deposits up to 100,000€
  • Fast support via phone & email

Account Access

Based on 499 reviews
Top Rated Choice
1
score 9.8
  • Digital & audit-proof receipt capture
  • Integration to Xero | QuickBooks | DATEV
More Info +
Start your free trial today!
2
score 9.5
  • Free domestic deposits & withdrawals
  • 2% FX fees for foreign transactions
More Info +
3
score 9.1
  • French IBAN
  • 30 SEPA-transfers and direct debits
More Info +
4
score 8.8
  • Best for entrepreneurs
  • Real-time tax forecasting
More Info +
5
score 8.5
  • Best for start-ups & starting businesses
  • Tax issuance
More Info +
6
score 8.2
  • Simplified expenses management
  • Financing solutions via iwoca & Auxmoney
More Info +

What Is a Digital Business Bank Account?

Digital business banks, also known as ‘challenger’, neo or mobile/online-only banks, offer businesses a 100% digital banking alternative to the traditional high street banks. Managed via secure mobile and/or web apps, digital business banks allow you to save time and money with lower (or no!) fees on common transactions, automated banking activities, seamless accounting integrations and 24/7 access.

Why Should I Open a Digital Bank Account?

The increased flexibility offered by digital banks such as Holvi and Pleo makes them the perfect solution for freelancers, sole traders, online/local sellers and SMBs- by simplifying financial management processes and freeing up time to focus on growing your business.

What’s the Difference Between a Digital Business Bank & a High Street Bank?

Setup: High street banks generally require new business customers to complete many complex forms, provide loads of financial reports and then ask you to wait up to a few weeks for approval. Opening an account with a digital bank is simple- there are no paper forms, the application is all done online, and approval is often the same day.

Fees: Traditional banks make money in two ways, by investing your money elsewhere and by charging you excessive fees on every type of transaction you perform. With no physical brick and mortar location, mobile business banks can pass their savings on overheads to you, and therefore only charge minimal fees on transactions, payments and withdrawals. Leading business bank Revolut, for example, offers free domestic and international transfers.

Access: High street banks have restricted opening times (often during your own business hours), limited weekend trading and when you can finally make it to the bank, you are faced with long wait times. With mobile or web app accessibility, your digital bank account is accessible instantly- 24 hours a day, from your office, home or on the go.

Features & Services: Brick and mortar banks offer businesses a full suite of banking features, including account managers and private banking. Digital banks are quickly catching up, offering current and savings accounts, prepaid MasterCards, fast money transfer and payment services as well as integrations with accounting software to assist with financial reporting.

Security & Regulation: Digital banks feel strongly about the security of your funds. The Financial Conduct Authority (FCA), European Central Bank (ECB), French Prudential Supervision, The Resolution Authority (ACPR) and The Federal Financial Supervisory Authority (BaFin) cover most EU countries digital business banks, and the majority of the digital banks don’t reinvest your money, which means it’s always available to withdraw, should something untoward happen.

Digital Business Bank Accounts – FAQs

What Is a Digital Business Bank Account?

Accordeon button

Digital business banks, also known as ‘challenger’, neo or mobile/online-only banks, offer businesses a 100% digital banking alternative to the traditional high street banks. Managed via secure mobile and/or web apps, digital business banks allow you to save time and money with lower (or no!) fees on common transactions, automated banking activities, seamless accounting integrations and 24/7 access.

Why Should I Open a Digital Bank Account?

Accordeon button

The increased flexibility offered by digital banks such as Holvi and Pleo makes them the perfect solution for freelancers, sole traders, online/local sellers and SMBs- by simplifying financial management processes and freeing up time to focus on growing your business.

What’s the Difference Between a Digital Business Bank & a High Street Bank?

Accordeon button

Setup: High street banks generally require new business customers to complete many complex forms, provide loads of financial reports and then ask you to wait up to a few weeks for approval. Opening an account with a digital bank is simple- there are no paper forms, the application is all done online, and approval is often the same day.

Fees: Traditional banks make money in two ways, by investing your money elsewhere and by charging you excessive fees on every type of transaction you perform. With no physical brick and mortar location, mobile business banks can pass their savings on overheads to you, and therefore only charge minimal fees on transactions, payments and withdrawals. Leading business bank Revolut, for example, offers free domestic and international transfers.

Access: High street banks have restricted opening times (often during your own business hours), limited weekend trading and when you can finally make it to the bank, you are faced with long wait times. With mobile or web app accessibility, your digital bank account is accessible instantly- 24 hours a day, from your office, home or on the go.

Features & Services: Brick and mortar banks offer businesses a full suite of banking features, including account managers and private banking. Digital banks are quickly catching up, offering current and savings accounts, prepaid MasterCards, fast money transfer and payment services as well as integrations with accounting software to assist with financial reporting.

Security & Regulation: Digital banks feel strongly about the security of your funds. The Financial Conduct Authority (FCA), European Central Bank (ECB), French Prudential Supervision, The Resolution Authority (ACPR) and The Federal Financial Supervisory Authority (BaFin) cover most EU countries digital business banks, and the majority of the digital banks don’t reinvest your money, which means it’s always available to withdraw, should something untoward happen.

How Do I Compare & Choose the Best Digital Bank for My Business?

Accordeon button
Features Icon
Banking Features
At the core, check for payment options, local and international money transfer services, corporate cards, account types and currencies available as well as invoicing and bookkeeping tools.
Fees Icon
Fees
Look for accounts offering simple & clear-cut plans, minimal or no fees on transfers & payments and free withdrawal options. Note that fees may vary depending on the plan you choose (free plans will often incur higher fees than premium plans).
Corporate card
All digital business banks offer corporate cards for you & your employees – either through MasterCard or Visa. Check how many cards are included for free in your chosen plan & how much each additional card will cost if required.
Security Icon
Security
The banks we compare & review on Top10BusinessBanks.com are regulated by local authorities. Check for regulations such as FCA (Financial Conduct Authority) or the FCS (Financial Compensation Scheme) in the UK & FIN-FSA, BaFin, DNB, ECB & ACPR in Europe.
Accounting Icon
Accounting tools
Look for built in expense reporting, scheduled/recurring payments & direct debits. Most digital banks also offer seamless integration with bookkeeping & accounting tools. For example, Revolut Business integrates with Xero and FreeAgent, while Qonto integrates with Sage and QuickBooks.
Access Icon
Account Access
All digital banks offer account access 24 hours a day, 7 days a week. While the majority of providers offer access via both mobile and desktop/web apps, some business banks only offer one or the other so check you have the access you need when selecting your preferred bank.

Who Can Open a Business Bank Account?

Accordeon button

Mobile business bank accounts are available for all organisations from sole traders to larger enterprises, although they are best suited to small to medium businesses (such as local and online businesses), startups, sole entrepreneurs and freelancers.

Unlike high street banks, most digital business bank accounts can be opened and approved within hours, requiring just the company directors’ details and scanned copies of addresses, IDs, and business licences.