Requirements

Does one need to have a German registered corporate entity to sign up?

Currently, Penta is available for German businesses. You are eligible to open a Penta account for your business if you live in Germany or abroad. You can a...

Which passports are accepted? Why is my passport not accepted?

In general, every citizen can open an account with us. However, our partner IDNow is responsible for doing the online verification and sometimes they are un...

Will you offer cryptocurrency accounts?

Currently, this feature is unavailable, however, it is on our roadmap.  Please check out our product roadmap to see the most up-to-date information on ...

Which companies can open a penta account? What type of legal entities do you support?

At the moment, we can only accept German companies that have one of the company forms listed below: UG  GmbH AG GbR OHG PartG KG e.K. GmbH in f...

What information do I need to provide to sign up?

When signing up, we’ll ask you to provide us information about yourself, such as your: full name, birthdate and address. We’ll also need some information ab...

Can I also open a private account with Penta?

We are happy to hear that you like us! However, Penta is only available for businesses. 

Why do I have to be a legal representative (managing director) to open a Penta account?

This is the requirement of the German law. 

Which documents do I need to sign up?

You will need a valid identity card or passport (for personal identification via IDNow). If you already own a company or a company in formation (in Gründung...

Why is it important to declare US tax residency?

If your company was founded in the United Sates it has tax obligations there. Also, if you are personally paying tax in the U.S. or have US persons status, ...

Which documents do I have to upload, and for which legal forms?

In order to open accounts for some legal forms we need to ask for some documents from you.  Please note: Uploading all these documents during your regis...