Is Penta available for business in Austria?

By Morten Andersen, cofounder of Business Bank Index
Reviewed by Fredrik Filipsson · Last reviewed 8 June 2026
Availability

Penta for business in Austria: Not available

Key eligibility
Penta no longer takes on new customers. It was a German business account that Qonto acquired and merged into the Qonto brand
Non resident position
No account for a company registered in Austria. Penta served businesses registered in Germany and has been folded into Qonto
Local currency support
Penta offered euro accounts with a German IBAN, but it no longer onboards customers under its own brand
Headline monthly fee
Not applicable in Austria
Availability and fees as of 8 June 2026Last reviewed 8 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Penta does not serve business customers in Austria. As of 8 June 2026, the Penta brand has been discontinued after Qonto acquired the company and migrated its customers to the Qonto platform, and Penta no longer accepts new customers. Even before that, Penta served businesses registered in Germany, not Austria. A business in Austria should look at Qonto or another provider. Verify the current position with the provider.

Does Penta serve business customers in Austria?

No. Penta was a German business account provider that Qonto acquired, with customers moved onto the Qonto platform and the Penta brand wound down, so Penta no longer onboards customers under its own name. Its account was built for businesses registered in Germany rather than Austria. As of 8 June 2026, a company in Austria cannot open a Penta account, and Qonto is the brand that continues the offering. Confirm the current position with the provider.

Eligibility for businesses in Austria

Penta expected a business registered in Germany with a euro account and a German IBAN. It no longer accepts new customers under its own brand after the move to Qonto, so a company registered in Austria cannot open a Penta account as of 8 June 2026. Businesses that want the continuing product would apply with Qonto instead. Verify with the provider

What it costs locally

There is no local Austria pricing, because Penta does not offer an account there and no longer onboards customers under its own brand. Its former German plans are not a local euro account for a business in Austria. As of 8 June 2026. As of 8 June 2026

What local users report

Because Penta no longer onboards customers and never offered a local Austrian account, there is no meaningful current local user experience to report for companies registered in Austria as of 8 June 2026. Businesses that need a euro account should look at providers confirmed to serve the market, including Qonto.

Penta does not appear to serve business customers in Austria as of 8 June 2026, or the position is unclear. Verify directly with the provider. Providers confirmed available in Austria are listed on the Austria country guide.

Questions about Penta in Austria

Is Penta available for business in Austria?
No. As of 8 June 2026, the Penta brand has been discontinued after Qonto acquired it, and Penta does not offer a business account in Austria. Verify the current position with the provider.
Can a company in Austria open a Penta account?
No. Penta no longer accepts new customers under its own brand and never offered a local Austrian account. The continuing product is provided by Qonto. Confirm directly with the provider as of 8 June 2026.
What happened to Penta?
Qonto acquired Penta and migrated its customers to the Qonto platform, then wound down the Penta brand, so Penta no longer onboards customers. As of 8 June 2026, businesses use Qonto instead. Verify with the provider.
What can a business in Austria use instead?
Providers confirmed to serve business customers in Austria, including Qonto, are listed on the Austria country guide. As of 8 June 2026, check each provider current eligibility before applying.

Availability, fees, and eligibility change. This page was last reviewed on 8 June 2026. Confirm the current position with Penta before applying.

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