Business account comparison for 2019 (daily and free)

Business account comparison for 2019 (daily and free)

You should consider this when choosing your business account

Our guide will give you all the important information to help you find the best business account for your business.

You should consider this, if you want to open a business account

Before opening a business account, you should ask yourself the following questions:

  • For which type of company do I want to open a business account??
  • Is a free offer the right one or offers me an offer with basic fee also more achievements?
  • What are the costs for paperless and paper bookings??
  • Do I need cash payments or a business account in a pure online bank?
  • Does the bank grant loans and under what conditions??

Business account comparison

Below is a spreadsheet that lets you compare different business accounts for their costs and benefits.

  • free use including credit card
  • Opening for many business forms
  • simple and clear operation
  • free use incl. Mastercard
  • via PC & App easy to use
  • direct link with accounting possible
    0,00 € voucherless – € paper
    € 0.00 for paperless bookings € for paper bookings
    0,00 € voucherless – € paper

Service: 3.56 out of 5 stars

Recommendation: 3.81 out of 5 stars

Online Banking: 4.63 out of 5 stars

    € 0.00 for paperless bookings € for paper bookings

Service: 3.56 out of 5 stars

Recommendation: 3.81 out of 5 stars

Online Banking: 4.63 out of 5 stars

    0,00 € voucherless – € paper
    € 0.00 for paperless bookings € for paper bookings
    0,00 € voucherless – € paper
    € 0.00 for paperless bookings € for paper bookings
    0,00 € voucherless – € paper
    € 0.00 for paperless bookings € for paper bookings

Our recommendations

With the manifold offers at business accounts one can easily lose the overview.

We have been dealing with the topic intensively for some time and would like to show our recommendations below so that every self-employed person can find the best company account.

Free offer

If you are looking for a free business account, we can recommend the offer from Holvi.

Holvi offers the following advantages, among others:

  • Basic version can be used free of charge
  • suitable for many types of companies
  • with German IBAN
  • integrated accounting with lexoffice
  • Credit card included


Holvi is also very suitable for companies and brings features such as an integrated online shop or integrated billing with it.

The following advantages are offered by the offer:

  • free use including credit card
  • lexoffice and optional billing included
  • German IBAN
  • Opening for many business forms
  • Accounts and cards unlimited expandable

individual entrepreneurs & freelancer

For individual entrepreneurs & Freelancers we currently recommend a business account at N26.

The following advantages of the offer of N26:

  • free use possible
  • simple and clear operation
  • free credit card
  • fast opening with smartphone or PC
  • 0.1% cashback on all Mastercard purchases

frequently asked Questions

The selection of a business account meets you at the latest when starting up a business.

We looked at the most frequently asked questions on the subject and answered.

What is a business account?

A business account, just like a checking account, is a current account that records incoming and outgoing payments on a daily basis.

The separate company account can separate private and business income and expenses. Similar to a checking account, banks also provide business accounts with credit facilities, credit cards and other functions.

When is a business account required?

An additional business account is only required for corporations (GmbH, UG (haftungsbeschränkt), AG and KGaA).

Freelancers and sole traders can do without an additional business account. However, we recommend opening a business account to separate private and business bookings.

How much is a business account??

The costs and the associated services depend on the respective bank.

If, for example, you operate an online shop and do not need any special services, such as regular cash deposits, a company account with an online bank is sufficient.

If you want to be self-employed in the retail trade or in the hospitality industry and often pay customers with cash, it makes sense to select a bank with a large network of branches.

How long does it take to open a business account??

The duration of the opening can not be determined universally.

For some banks, the opening of the video identification process is possible within a few minutes. Some banks require a submission of the opening documents.

The type of company also determines the duration of the account opening, since additional documents have to be submitted to the bank depending on the type of company.

Which business account is suitable for an online shop?

Depending on the legal form of the online shop, various offers are suitable.

In a large online shop, you should pay attention to the cost of bookings and whether payment options such as Sofortüberweisung or direct debit are offered as options.

Which bank is the best for a business account?

When choosing a bank account, you should always start with your own required services. After that you can compare different accounts and complete the right bank account.

From our experience, we can recommend for individual entrepreneurs and freelancers a bank account at N26.

For example, a business account with Holvi is suitable for companies.

Which banks offer a business account without a basic fee?

Free business accounts (based on the basic fee) include Holvi, Penta and N26.

Please note: a company account is not always completely free. Before signing up for an account, please inform yourself of any costs associated with bookings or cash withdrawals.

Which business account is suitable for a small business?

In a small business is a free offer at an online bank like Holvi or N26.

Which business account is suitable for a GbR?

Although a separate bank account is not required by law when establishing a company under civil law (GbR), a company account, for example at Fidor Bank, facilitates bookkeeping.

What documents do I need for a business account??

Depending on the type of company you want to open a business account for, the bank will require different documents and proof from you.

Generally you need the following documents for an account opening:

  • Credit information of the Schufa
  • completed and signed account contracts
  • Business registration with tradesmen
  • Tax number at Freiberulern
  • possibly older account statements

The exactly required documents you can ask before opening an account at the bank.

Which business account is suitable for a GmbH??

Even when choosing a GmbH, you should first consider what services your company really needs.

With the Fidor Bank you can also use the offer with a limited liability company and save costs like a basic fee.

Which business account is suitable for an ancillary business?

If you have an ancillary business, an additional business account to your checking account is not required by law.

However, the separate business account makes the bookkeeping easier, which is why we recommend a free quote from an online bank.

Which bank offers a business account without Schufa query?

In the case of a negative entry on Schufa or any other reason, it may be difficult to open a bank account.

A business account without a Schufaprüfung offers the Fidor bank, with which an opening of a bank account on account-basis should be possible.


Not every offer is suitable for every business form.

Which bank you should open a business account, can only be found by comparing the individual offers.

If you still have special questions, you can always contact us via our contact page.

If you have any questions or comments, you can use the comments box at the end of the article.

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Average rating 4.5 / 5. Number of votes: 104

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Kevin Pflock has been working on the topic of self-employment since 2011 and would like to use the website to support other founders in the successful founding and start-up life. Through his own experience, he knows the questions and problems of other founders very well and offers, together with other authors, assistance in starting and running a business.

Great article, thank you. You should possibly add another category and that is the accessibility with accounting software such as lexoffice. The use of such software is actually almost standard in 2019.
I was busy with it and realized that the FinTechs are not here yet:
Penta – only in the premium packages
fidor – currently not possible

thanks for the praise :-)

I agree with you completely, we will add a corresponding section of text shortly.

I have just completed an application at the recommended Netbank as a freelancer, he was rejected immediately after completing, what can this be? No reasoning was mentioned.

that can theoretically have many reasons.

Please ask directly at netbank, we have no insight into the customer data or the reason for the rejection.

Can you please tell if a company registered in Lithuania will open an account with Fidor and German IBAN?

We are UmSt.-payer in Germany and need an account to start selling in eBay and Rakuten.

Thank you in advance for the answer.

as far as we know, only companies registered in Germany can open an account at Fidor Bank.

You can also ask again directly at the Fidor.

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