Requirements

Which types of companies can open a Penta business account?

We currently offer a business account for the following legal forms: Entrepreneurial company (UG) and UG in formation Limited liability company (GmbH)...

What information is required when registering for the Penta Business Account?

Type of company Registered office and company address Date of foundation (must not be in the future) Business purpose Tax number of the company Detail...

Which documents does Penta need to open an account?

Every legal representative of your company needs a valid ID card or passport to identify himself personally at our partner IDnow. In the case of a GmbH or...

Can I open a business account with Penta if I or my company are taxable in the US?

Currently it is not possible. If your company is incorporated in the USA, it is also taxable there. Additionally, if you personally pay taxes in the USA or ...

Does my company have to be located in Germany?

Yes, Penta is currently only available for companies located in Germany. You are of course also entitled to open a Penta business account for your company i...

Do I have to live in Germany to open a Penta business account?

If you register for a Penta business account as a sole proprietor, freelancer or Freiberufler, your residential address must be in Germany. For all othe...

Who is eligible to open the Penta Business Account?

Only if you are the legal representative of your company, you can open a Penta business account with us. If your company has more than one legal representat...

Which ID cards are accepted? Why can't I register with my ID card?

At Penta, we love diversity and creativity, and we strive to support people of all cultures and backgrounds in your business operations in a fair and equal ...

Can I also legitimize myself via PostIdent?

As an online-only provider, we currently do not have the option to offer you legitimation via PostIdent. However, we will gladly include your feedback and s...

Do you offer cryptocurrency accounts as well?

Currently, Penta does not offer cryptocurrency accounts. However, we will be happy to include your feedback and suggestions in our roadmap. Penta Produc...