Penta Business Starter

Annual account feeAccount fee
108.00  €
Cash withdrawal
Cash withdrawal note
If the account has a regular cash income of over 1,000 €, than there are 5 free withdrawals per month, else 3 free withdrawals per month. Withdrawals outside of the Euro-Zone are free.
1.50 €
  • Bank offers English registration form
  • Free card payments in the euro area
  • No free cash withdrawals
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Penta Business Starter
Grade 2.2
Yearly Fee
15 of 15
Onlinebanking & -fees
17 of 22
Telephonebanking & Offline banking
0 of 6
0 of 5
Credit Card & Bank Card
10 of 14
Card payments
12 of 20
Mobile payments
0 of 3
Flexibility of legal types
11.5 of 12
Apps, Useraccounts & Deposit Insurance
14 of 19
1 of 2
Accounting, Billing & other features
0 of 10
80.5 of 128
Grade 2.2
Bank Solarisbank AG
Vendor name Penta Fintech GmbH
Account name Penta Business Starter
Annual account feeAccount fee 108.00 €
Credit interest
Costs & Fees
Annual Fees
Account fee p.a. 108.00 €
Credit card fee p.a. 108.00 €
Transaction fees
Online transactions free of charge p.M. 100
Online transactions 0.20 €
Paper transactions
Telephone banking
Payment costs
Credit Card Mastercard
Fees per payment euro zone 0.00 €
Foreign exchange fee 2.00 %
Cash withdrawal costs
Free Withdrawals p.m.
Cash withdrawal (domestic) 1.50 €
Cash withdrawal (euro zone) 1.50 €
Foreign exchange fee 1.50 €
Legal forms
Freelancers & Sole Proprietors
Sole proprietorship
Sole traders
Corporations & Limited Companies
GmbH / KGaA / AG
UG limited liability
Limited (Ltd)
Partnership under civil law
Kommanditgesellschaft (KG)
General partnership
Partnership company (PartG)

One provider of business accounts is Penta, a young start-up based in Berlin. Penta itself does not hold a banking licence, but provides the business account through a cooperation with solarisBank. The FinTech company has set itself the goal of bringing simple and clearly structured online banking with intuitive user guidance onto the market. Penta Starter is the account for beginners.

Services of the Penta Starter business account

For the Penta Starter, mobile banking is available via an app. It works under Android and iOS. A web application is also available. The account management is designed for one user. A Business Mastercard is linked to the account, enabling cash withdrawals worldwide.

For whom is the Penta Starter business account suitable?

FinTech from Berlin uses the Starter Account to address business customers who have their company headquarters or a place of residence in Germany. The account is suitable for all common legal forms, such as the GbR or the KG, but also for larger companies such as the AG. Also a GmbH or a UG in foundation can open the Penta Starter and pay the share capital immediately. The Penta Starter is particularly suitable for freelancers and small to medium-sized companies or start-ups. At the beginning, freelancers or very young companies still have few transactions on their accounts. 50 free bank transfers are sufficient for them, larger companies, on the other hand, are seldom enough.

Prices & Conditions of the Penta Starter Business Account

The account management and Business Mastercard of the Penta Starter are free of charge. A maximum of 50 transfers per month can be made free of charge. Each additional transfer costs 0.20 Euro. The withdrawal of cash with the Business Mastercard is subject to a fee, per transaction two percent of the turnover, the minimum fee is two euros. This makes the account well suited for cashless payment transactions.

Special features of the Penta Starter business account

The company account may be used as a dual account if a first business account is already maintained with another bank. This is useful in cases where the main account does not offer a service provided by Penta Starter. It is interesting that customers have a say in the introduction of new functions. The more customers support a new feature, the safer it will be to implement it soon.

Advantages and disadvantages of the Penta Starter business account

The biggest advantage is the clear and transparent price structure. With the free account management and Business Mastercard, all important functions for cashless payment transactions are covered. As it is a credit account, it can also be opened with a Schufa entry. The worldwide supply of cash is guaranteed for a fee. Customer support is offered in German and English.

A negative aspect is that it is currently not possible to deposit cash. A disbursement credit is also not set up, therefore the Penta Starter acts as a credit account. Cash withdrawals are subject to a fee.

Open Penta Starter Business Account

The Penta Starter is easy to open online with just a few details. The start-up company does not offer any other options. The registration takes about 15 minutes and includes data about the account holder and his company as well as personal identification by VideoIdent. A passport or identity card is sufficient. If available, the articles of association and the list of shareholders must be presented. Penta activates the account within two banking days. The Mastercard can then be ordered.

Conclusion to the Penta Starter business account

Penta Starter consistently dispenses with services that are not absolutely necessary for young companies. This makes it inexpensive and also recommended for freelancers and young start-ups. If you have several users for the account or need a larger scope of services, the two accounts Advanced and Premium from Penta could also be interesting for you.

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