Yes, Penta offers a regular bank account with a German IBAN in partnership with solarisBank.
Penta does not hold its own banking license, instead, we’ve partnered with solarisBank that is providing us with their banking license and some of their tech infrastructure. This setup was chosen in order for us at Penta to focus on creating the best business account offering and providing high quality support to all our accounts.
Your money is secured by the European Deposit Guarantee Fund in case of insolvency up to €100,000. This is the standard for all European Union credit institutions and banks.