Is Penta available for business in Germany?

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

Penta for business in Germany: Not available

Key eligibility
Not served. Penta no longer operates as a standalone business banking brand and is closed to new customers.
Non resident position
Not served. The Penta brand has been retired, so new business customers in Germany cannot open a Penta account.
Local currency support
Not applicable. The Penta brand previously offered a euro business account with a German IBAN but is no longer open to new customers.
Headline monthly fee
No current pricing. The Penta brand is closed to new business customers.
Availability and fees as of 4 May 2026Last reviewed 4 May 2026

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

No. As of 4 May 2026, Penta does not operate as a standalone business banking brand and is closed to new customers. Penta was a Berlin based business banking provider that was acquired, and its customers were moved to the acquiring company platform by the end of 2023, after which the Penta brand was retired. New business customers in Germany cannot open a Penta account. The alternatives below point to providers that do serve Germany.

Does Penta serve business customers in Germany?

No. Penta was a business banking provider for small companies and the self employed in Germany, offering a euro account with a German IBAN, cards and expense tools. Following an acquisition, existing Penta customers were migrated to the acquiring company platform by the end of 2023, and the business has operated under that single brand since 2024. The Penta brand is no longer open to new customers, so a business in Germany cannot open a new Penta account. As of 4 May 2026.

Eligibility for businesses in Germany

There is no current eligibility because the Penta brand is closed to new business customers. Businesses that were Penta customers were invited to move to the acquiring company platform, where their German IBAN was retained. New applicants cannot open a Penta account. Confirm the current position before relying on it. As of 4 May 2026. Verify with the provider

What it costs locally

There is no current Penta pricing because the brand is closed to new business customers. Former Penta plans no longer apply, and any current account is provided under the acquiring company own brand and pricing. As of 4 May 2026. As of 4 May 2026

What local users report

Former Penta users in Germany were business owners and the self employed who wanted an online euro account with a German IBAN, cards and expense tools. After the brand was retired they were moved to the acquiring company platform. Businesses looking for a similar account today choose among the providers that serve Germany. As of 4 May 2026.

Penta does not appear to serve business customers in Germany as of 4 May 2026, or the position is unclear. Verify directly with the provider. Providers confirmed available in Germany are listed on the Germany country guide.

Questions about Penta in Germany

Is Penta available for business in Germany?
No. As of 4 May 2026, the Penta brand has been retired after an acquisition and is closed to new business customers. New applicants in Germany cannot open a Penta account. Verify the current position before relying on it.
What happened to Penta?
Penta was acquired, and its customers were migrated to the acquiring company platform by the end of 2023. The business has operated under that single brand since 2024 and the Penta brand is no longer open to new customers. As of 4 May 2026.
Can a business in Germany open a new Penta account?
No. As of 4 May 2026, the Penta brand is closed to new customers. Businesses in Germany that want a similar online account with a German IBAN choose among the providers that serve the market.
What can a business in Germany use instead?
Providers that serve business customers in Germany are listed on the Germany country guide, including local neobanks and online options. Availability changes, so verify with each provider before applying. As of 4 May 2026.

Availability, fees, and eligibility change. This page was last reviewed on 4 May 2026. Confirm the current position with Penta before applying.

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