Is Penta available for business in Australia?

By Morten Andersen, cofounder of Business Bank Index
Reviewed by Fredrik Filipsson
Availability

Penta for business in Australia: Not available

Key eligibility
Historically a German registered business. Penta now operates under the Qonto brand and serves Germany within the European Union. There is no Australian offering.
Non resident position
Not served for Australian companies. Penta's accounts were for German businesses and have moved onto the Qonto platform, which serves European Union markets only.
Local currency support
Euro through a German IBAN. There is no Australian dollar account and no local Australian account details.
Headline monthly fee
Not applicable in Australia, since there is no Australian product. Pricing follows the Qonto platform in Europe. Verify with the provider.
Availability and fees as of 7 May 2026Last reviewed 7 May 2026

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

No. As of 7 May 2026, Penta serves businesses in Germany and now operates under the Qonto brand within the European Union. It does not offer accounts to businesses registered in Australia, so the alternatives below serve the Australian market.

Does Penta serve business customers in Australia?

Penta was a Berlin based business banking platform for German small and medium businesses, with accounts provided through a German licensed partner bank. It was acquired by Qonto and its customers were moved onto the Qonto platform, which operates in France, Germany, Italy and Spain. Penta therefore serves German businesses within the European Union and does not offer an account to a business registered in Australia.

Eligibility for businesses in Australia

Penta onboarding required a German registered business and European identity verification, and the service now runs on the Qonto platform for European Union companies. An Australian Business Number and Australian identity documents are not accepted. Verify with the provider

What it costs locally

There is no Australian price list because Penta does not sell an Australian product. Its plans now follow the Qonto platform and apply to euro accounts for European Union businesses. As of 7 May 2026

What local users report

Australian businesses cannot onboard with Penta because it requires European registration. Those needing an Australian dollar account use Australian providers instead.

Penta does not appear to serve business customers in Australia as of 7 May 2026, or the position is unclear. Verify directly with the provider. Providers confirmed available in Australia are listed on the Australia country guide.

Questions about Penta in Australia

Is Penta available for business in Australia?
No. As of 7 May 2026 Penta serves German businesses and now runs under the Qonto brand within the European Union. A company registered in Australia cannot open one. Verify the current position with the provider. This is general information, not advice.
Does Penta still exist as a separate brand?
Penta was acquired by Qonto and its customers were moved onto the Qonto platform, which now operates the service in Germany. Either way it serves European Union businesses, not Australian ones. As of 7 May 2026, verify with the provider.
Does Penta offer an Australian dollar account?
No. Penta operates in euros through a German IBAN and does not provide an Australian dollar account or local Australian account details. As of 7 May 2026, confirm the current position with the provider.
What are the alternatives to Penta in Australia?
Providers confirmed for Australian business customers are listed on the Australia country guide, including local banks and online multi currency options. Availability changes, so verify with each provider before applying. As of 7 May 2026.

Availability, fees, and eligibility change. This page was last reviewed on 7 May 2026. Confirm the current position with Penta before applying.

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