General

Is my Penta business account a regular business account?

Yes, Penta offers you a regular business account with a German IBAN in partnership with Solarisbank AG. Penta itself does not have its own banking licen...

Who is Solarisbank AG?

Solarisbank is Europe's leading banking-as-a-service platform.  As a technology company with a full German banking license, Solarisbank enables us ...

Do I have my own IBAN? Does each account have an individual IBAN?

Yes, you get your own German IBAN per account. You can find your IBAN by clicking on "Accounts" on the left side of the menu in your Penta busines...

How many accounts can I open?

In principle, there is no limit. However, each account must be opened individually and go through the registration process separately.  Important Note: ...

Can I link multiple company profiles?

Currently this is not possible. However, this feature is planned for the future on our roadmap. Are you missing a feature in your Penta business account...

What is a BIC?

The BIC (Bank Identifier Code) is an internationally valid bank code defined by the SWIFT (Society for Worldwide Interbank Financial Telecommunication). ...

What is the BIC code of Penta ?

Penta has two different BIC codes which are provided to us by our partner bank, Solarisbank AG. For customers who have submitted their account opening a...

As a customer of Penta, can I have two different BIC codes?

Basically not. Each business account at Penta including all subaccounts is assigned a unique BIC. However, there is one important exception if you own m...

Why and for what do I need a BIC?

The BIC is required if you want to make international payments.  It may also be necessary to enter the BIC when making online payments for the sake of c...

What impact does the BIC have on my business banking?

The BIC is required in business transactions for international transactions.  In addition, when specifying the bank details, it is customary to also spe...