Online accounts and neobanks in Germany, how digital business banking works

Snapshot

Online providers and neobanks open a German business account remotely through an app, usually with a German IBAN and lower headline fees than a branch bank, in exchange for limited cash services. As of 10 February 2026 common choices include N26 Business, Qonto, Finom, Wise Business and Revolut Business.

What they offer: Remote opening, an app, cards, and invoicing or accounting tools, with low or zero headline fees
Common providers: N26 Business, Qonto, Finom, Wise Business and Revolut Business, as of 10 February 2026
Free option: N26 Business Standard at EUR 0 a month and a free Finom Solo plan, as of 10 February 2026. Verify with the provider.
Trade off: Limited cash deposits and withdrawals, and some are electronic money providers rather than banks

Fees and features as of 10 February 2026Last reviewed 10 February 2026

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

Online providers and neobanks open a German business account remotely and run through an app, with cards and built in invoicing or accounting tools. As of 10 February 2026 the common choices are N26 Business, which is a licensed German bank with a German IBAN, Finom and Qonto, which pair a German IBAN with invoicing and spend management, and Wise Business and Revolut Business, which lead on multi currency and foreign payments. The trade off against a traditional bank is limited cash handling, and some providers are electronic money providers rather than banks. Compare the German IBAN, the headline and per use fees, and cash limits, and confirm with the provider.

How online accounts and neobanks work in Germany

An online provider replaces the branch with an app. You apply remotely, identify yourself by VideoIdent or PostIdent, and manage payments, cards and bookkeeping in software. The appeal is speed and low headline fees, with extras such as invoicing, receipt capture and exports to accounting tools like DATEV. The trade off is cash, which is limited or unavailable, and the licence type, since some providers hold a banking licence while others are electronic money providers that safeguard funds rather than taking deposits. As of 10 February 2026.

Who offers what

N26 Business is a licensed German bank with a German IBAN and a free Standard plan at EUR 0 a month. Finom offers a German IBAN with a free Solo plan and paid plans from about EUR 8.99 a month, with invoicing that exports to accounting tools. Qonto offers a German IBAN with spend management and paid monthly plans. Wise Business holds more than 40 currencies at the mid market rate with local euro details and a Belgian IBAN, and Revolut Business offers multi currency features and currently issues a Lithuanian IBAN with a German IBAN being rolled out. Figures are as of 10 February 2026, so verify with the provider.

When a neobank fits

An online account suits a business that wants fast remote opening, low fixed costs and software, and does not rely on cash or branch lending. If you handle notes and coins regularly, want a borrowing relationship, or prefer a banker you can visit, a traditional bank may suit better. Many businesses pair a bank for the core relationship with an online provider for foreign payments. As of 10 February 2026.

Compare online business accounts in Germany

These providers accept business customers in Germany. Fees and eligibility shown as of 10 February 2026. Confirm current terms with the provider before applying.

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Questions about online accounts and neobanks in Germany

What is the difference between a neobank and a traditional bank in Germany?

A neobank or online provider opens remotely, runs through an app, and prices per use with low or zero headline fees, but limits cash services. A traditional bank offers branches, cash handling and lending relationships for a monthly package fee. Some online providers hold a banking licence while others are electronic money providers. Confirm what each offers with the provider. As of 10 February 2026.

Do German neobanks give a German IBAN?

Some do. N26 and Finom issue a German IBAN, and Qonto offers a German IBAN for business customers in Germany. Wise Business gives local euro details with a Belgian IBAN, and Revolut Business currently issues a Lithuanian IBAN with a German IBAN being rolled out. Confirm the IBAN with the provider. As of 10 February 2026.

Is there a free online business account in Germany?

Yes for some users. N26 Business Standard is EUR 0 a month and Finom offers a free Solo plan, both as of 10 February 2026, though paid plans add features and per use and cash fees apply. Verify the current plan and fees with the provider.

Can a neobank handle cash deposits in Germany?

Cash is limited at online providers. Some allow cash deposits at partner retailers for a fee, while others do not support cash at all. If your business handles notes and coins regularly, a traditional bank may suit better. Confirm cash options and limits with the provider. As of 10 February 2026.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 10 February 2026. Confirm current terms with the provider before applying.