The No. 1 online business account in Europe

A corporate or business account is an account specifically designed for companies and freelancers. A business account, often referred to as a business checking account, is used exclusively for transferring business income and expenses.

It is similar to a personal account but usually includes more extensive features. The basic function remains the same: making and receiving payments. This way, the entrepreneur's business and personal finances are clearly separated, as the latter continue to be recorded in the personal checking account.

Typically, a founder's account is opened in the early stages of starting a business.

Your Qonto Business Account

Qonto impresses with fast and easy online banking and innovative financial tools for entrepreneurs, founders, freelancers, and self-employed individuals.

Your Qonto business account offers the services of traditional banks such as payment cards, SEPA instant transfers, international payments, and many more.

Additionally, you can manage your finances clearly and 100% digitally, whether you work alone or in a team. At Qonto, you will find time-saving accounting tools that make managing your business finances simple and clear.

Compared to traditional banks, the Qonto business account offers numerous additional features such as sub-accounts, additional account accesses, digital expense management functions, budgeting software, and financial reporting, allowing you to analyze your transactions and optimize your finances.

After each payment, the corresponding invoice is simply photographed with a smartphone and attached to the transaction via the app. You can grant your accounting office special read access to your account, and seamlessly connect your preferred accounting integration with Qonto. This way, your tax return is optimally prepared.

Every company is different, and the requirements for a business account depend heavily on the number of employees and the transaction volume. Therefore, the question of costs is not so easy to answer. The good news: Once you have an overview of your requirements for a business account, the most important step is already done.

A detailed comparison of providers is worthwhile. Entrepreneurs who want to set up a business account with the bank should keep an eye on the details. The following variable costs may arise, among others:

1. Annual or monthly basic fee for the account
2. Costs for a debit or credit card
3. Costs for individual paper-based or paperless transactions (transfer, standing order, direct debit)
4. Fees for cash withdrawals at ATMs
5. For a digital account: possible costs for accounting functions
6. Fees for international transfers

Tip: It is best to note your most important requirements in advance to better estimate the costs of the business account.

Costs for account management

Here it applies: The total costs of a business account consist of fixed and variable costs. The monthly account management fee, if applicable, counts as fixed costs.

Price differences exist not only between traditional banks and fintechs. Often, a bank or fintech offers different models of accounts in their portfolio, which are associated with different levels of fees for account management.

Qonto offers various subscription types for a business account depending on the size and needs of your company. See the different plans in detail here. You can test the Qonto business account for 30 days for free – regardless of which plan you choose.

Is a subscription worth it?

Initially free business accounts often come with chargeable individual services. This can quickly add up.

Flat-rate packages or subscriptions – like those offered by Qonto – provide much more cost security. They are based on the company size and usual payment transactions or the average transactions and offer corresponding services at a fair, fixed, and well-calculated price.

The documents you need to open an account with Qonto depend on various factors such as the legal form of your company.

The following documents may be important when opening a business account for registered companies:

1. Proof of identity in the form of an ID card or passport
2. Proof of business activity: depending on the legal form.
3. Power of attorney from the management, if you are not the managing director. In this case, you also need proof of identity of the managing director.
4. Proof of creditworthiness (not required for account opening with Qonto)
5. Proof of business address
6. Tax identification number
7. Proof of professional status and authorization to represent
8. Tax information

More about the documents for account opening with Qonto can be found in the Help Center.

For companies in formation, the notarized founding documents must be uploaded. The documents should be stamped and signed or sealed and signed:

1. Registration in the commercial register
2. Certificate of incorporation
3. List of shareholders

You don't need an appointment to open an account for your business. Simply set up your business account online – whenever and wherever you want.

The simple account opening takes only a few minutes. With a few clicks, you can customize the business account to your needs.

If you have any questions, feel free to contact our team – we respond within a short time and help you with any issues. A free trial via a demo is also possible if you want to set up a digital business account with Qonto.

To open a business account, you must be the managing director of your company (as listed in the company's articles of association). If you are setting up the account with a power of attorney from the management, we need proof of identity from both you and the managing director.

Opening a business checking account is recommended for every company. This way, private and business payments can be clearly separated, and you can always keep track of your company's finances.

The online registration of the Qonto business account takes approximately 10 minutes.

Please note that we are legally required to conduct a regulatory review for each account opening.

See the prices here and secure your Qonto business account today – for nine months free!

Qonto offers a business account with IBAN and all classic banking services you need (e.g., payment transactions, SEPA instant transfers, international payments, card payments, online banking, etc.).

In addition, it offers modern tools to simplify your accounting and expense management, such as accounting integrations, budgeting software, and much more. All plans include at least one free Business Mastercard company card.

A digital business account is opened online and can then be managed via smartphone or online banking. With Qonto, you have an overview of all transactions, even on the go. The business account can be tailored to the needs of your business – whether you want extensive functionality or basic functions for everyday transactions. You can view our various pricing plans here.

Additionally, your Qonto business account is equipped with tools for efficient accounting. Your business account offers the possibility of digital receipt management. Other features include automatic VAT recognition and custom tags for a clear overview of your expenses. Dashboards allow you to conduct targeted and clear financial reporting. You can also connect your account with your preferred accounting software. Thanks to integrated invoice management and a quotation software, you always have all documents directly in one application.

Managing finances with Qonto is simple and clear. This is ensured by the innovative technologies and thoughtful design of the business account: A completely flexible user interface that makes everyday business life easier for you and your employees.

If you have any questions, our responsive customer service is there for you, providing personal advice. Whether you have questions about the business account, banking software, or are looking for the right subscription for you – our service responds in an average of less than 15 minutes.

Ultimately, a digital business account means a time gain for entrepreneurs and freelancers.

We have compiled further tips on the account for freelancers in our current guide.

The choice of a banking provider depends on various factors, such as

1. Fees,
2. offered services,
3. digital banking options,
4. customer service,
5. accounting and financial management features
6. and the specific needs of your company.

Traditional banks often offer a comprehensive network of branches but may have higher fees. Online providers, on the other hand, usually offer more cost-effective business accounts with efficient digital financial management, which can be attractive depending on your needs.

It is advisable to look for banks that offer tailored solutions for your industry and have positive reviews from other business customers. It is recommended to compare the terms of several banks to find the account that best suits your company's financial requirements and growth.

Qonto, for example, offers you, in addition to classic banking software, payment cards, transfers and direct debits, a digital app to manage your finances quickly and easily at any time. Qonto also offers digital accounting tools, seamless integrations, efficient team expense management, additional account accesses, sub-accounts, invoice management and issuance.