Requirements
Does one need to have a German registered corporate entity to sign up?
Currently, Penta is only available for German businesses. You are eligible to open a Penta account for your German business if you live in Germany or abroad...
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...
Can I open an account as a sole-trader or freelancer?
Penta is available only for German businesses. Currently, we don't offer accounts to freelancers. Please join our waitlist by submitting the form o...
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. eG GmbH i...
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...
Will you allow a non-EU company with EU shareholders to open an account?
Currently, Penta is only available for German businesses. You are eligible to open a Penta account for your German business if you live in Germany or abroa...
Can I open a bank account outside of Germany?
Yes, you can open a Penta account for your German business if you live in Germany or abroad. We are able to accept the following German company forms: UG...
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.