Make the most out of your Qonto account with a German IBAN, integrated invoice management, bookkeeping and spend management tools. All with a range of payment options like instant SEPA transfers, as well as physical and virtual cards included in your plan. Fairly priced, and 100% secure.
The Qonto business account is a current account specifically designed for companies. Just as with a personal current account, you can make and receive payments, only business accounts generally come with additional services that help support the company’s day-to-day finance management.
For most entrepreneurs it makes sense to open a business account for their company, if only to keep personal and business finances separate. Not only does it prevent any misattributions of funds, but come tax declaration time it makes it that much easier to outline your business’ financial activity, as well as provide justification when necessary.
If you’re looking to or have already set up a OHG, there is no legal obligation to open an associated business account. However, since you are required to maintain double-entry books and prepare a balance sheet for your OHG, we highly recommend opening a business bank account to make that process easier for you.
To open a business account for an OHG with Qonto, you need the following information:
legal name;
type of company (legal form);
registration date;
your Handelregisternummer;
your VAT number (optional).
Additionally, for identification purposes we’ll need you to perform a video identification test via our partner, IDnow, where a consultant will check your identification documents online in real-time.
Qonto offers three plan “levels” by company size. For OHGs, we offer the following plans:
SMEs and Startups
Essential
€49/month (excl. VAT)
Business
€99/month (excl. VAT)
Enterprise
€199/month (excl. VAT)
Every plan comes with a current account, an associated physical Mastercard One Card, digital receipt storage, and top-rated customer support. For a full breakdown of what’s included in each plan, click here.
You can upgrade or downgrade your Qonto plan anytime via your desktop or mobile app. Simply login, click Settings & Tools, then Account settings, then Price plan details to make any changes.
While opening a OHG is a common solution for those looking to make additional income on the side or try out a new business idea, it doesn’t have to be expensive. Qonto plans for companies like OHGs start at €49 per month.
