Qonto: the all-in-one business account for your UG

The Qonto business account is a current account specifically designed for companies like UGs, GmbHs or GmbH & Co., AGs and KGs. 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.

To open a business account 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.

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.

However, if you’re looking to or have already set up a UG, there is a legal obligation to open an associated business account for it.

Qonto offers three plan “levels” by company size. For UGs, 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.