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Open a business account for a GmbH online
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Open a business account for a GmbH online with Finom: how does it work?
Do you receive a German IBAN immediately when opening a business account online with Finom?
Can a business account for a GmbH be opened entirely online with Finom?
Which documents are required to open a GmbH account?
Can a GmbH in formation (GmbH i.G.) open an account with Finom?
Which documents are required to open an account for a GmbH i.G. (in formation)?
Does Finom offer support with setting up a GmbH and simultaneously allow opening a business account?
Are a GmbH’s data stored and processed securely when opening and using a business account with Finom?
How long does it take to open a GmbH account?
How much does a business account for a GmbH at Finom cost?
Is it safe to open a business account for a GmbH with Finom and store money there?
How much does it cost to open and maintain a business account for a GmbH at Finom?
Do you receive a German IBAN immediately when opening a business account online with Finom?
Yes, when opening a business account online with Finom, you immediately receive a German IBAN. Finom offers entrepreneurs and self-employed professionals a fast and simple way to open a business account in less than 24 hours and start business operations right away. The issued German IBAN is fully functional and supports SEPA transfers, among other features.
Open accountCan a business account for a GmbH be opened entirely online with Finom?
Yes, at Finom you can open a business account for a GmbH entirely online. The account opening process is fast and convenient and does not require a physical visit to a bank.Which documents are required to open a GmbH account?
To open a business account for a GmbH online with Finom, the following documents are required:
- Commercial register number: This number is essential for the online account opening.
- Information about the beneficial owners: Details about the individuals who manage or benefit from your company.
- ID and video identification of the legal representatives: In principle, each representative must identify via video and present their ID. If there are more than two representatives, you may select two of them for this step.
- Within 90/180 days after opening the business account:
- Tax number and tax identification number of all representatives. If the representatives are legal entities, their tax number and VAT ID number are required instead.
Can a GmbH in formation (GmbH i.G.) open an account with Finom?
Yes, a GmbH in formation (GmbH i.G.) can open a business account with Finom. Finom also offers a fast and uncomplicated online account opening process for companies in the formation phase, tailored specifically to their needs.
What requirements must be met?
To open a business account for a GmbH i.G. with Finom, the following conditions must be met:
- The GmbH must be in the formation phase; the notarial certification of the formation must already be completed.
- The account is used for the deposit of share capital before the company is registered in the commercial register.
- The account is temporarily held in the name of the GmbH i.G. – once the commercial register entry is complete, it will be converted into a regular GmbH account.
Which documents are required to open an account for a GmbH i.G. (in formation)?
To open a business account online for a GmbH i.G. (in formation) with Finom, the following documents are required:
- Formation documents: Articles of association, partnership agreement, model protocol, certificate of formation, and, if applicable, a separate list of shareholders
- ID and video identification of the legal representatives: As required for registered companies
- Within 90 days after opening the business account:
- Commercial register number and, if necessary, an excerpt from the register, if Finom cannot obtain it automatically
- Tax number and tax identification number of all representatives (after receiving the commercial register number). If the representatives are legal entities, their tax number is required instead.
Does Finom offer support with setting up a GmbH and simultaneously allow opening a business account?
Yes, Finom offers comprehensive support for setting up a GmbH and allows for the simultaneous opening of a business account. In cooperation with specialized partners such as firma.de, founders can manage the entire formation process efficiently and easily.
Services at a glance:
- Company name verification: Finom coordinates the verification of your desired company name with the relevant Chamber of Industry and Commerce (IHK).
- Notary appointment: A notary appointment is arranged in the city of your choice to certify the formation documents.
- Account setup preparation: Finom assists with the preparation of the business account opening so the share capital can be deposited and the account used immediately.
- Commercial register entry: The registration of the company in the commercial register is accompanied and monitored.
- Business registration: Finom supports the preparation and execution of the business registration. Tax office questionnaire: Help is also available with filling out the tax registration form to apply for the VAT ID number.
Thanks to these integrated services, founders can go through the company formation process and account setup efficiently and without delays. Finom ensures that all required steps are professionally coordinated to guarantee a smooth company formation.
Are a GmbH’s data stored and processed securely when opening and using a business account with Finom?
Yes, all data related to opening and using a business account for a GmbH at Finom is encrypted, protected with the latest security technologies, and processed in full compliance with the GDPR. Finom ensures that GmbH data is protected throughout the account lifecycle using advanced technologies. With encrypted storage, strong authentication methods, 3D Secure, and real-time monitoring, Finom offers top-tier security standards for businesses.How long does it take to open a GmbH account?
Opening an online business account for a GmbH with Finom usually takes up to 24 hours. During regulatory checks, you already get access to your online account, banking software, and German IBAN – so you can begin using basic features immediately while full activation is completed.How much does a business account for a GmbH at Finom cost?
Opening a business account with Finom is free of charge. The ongoing costs depend on the selected plan and the specific needs of the GmbH. Finom offers various account models with different features and pricing. Possible costs include monthly base fees, transaction fees for transfers or card payments, and charges for additional services like international payments or currency conversions.
The entry-level package starts at €9 per month (with annual payment) and includes account management, debit cards, invoicing services, multibanking, and expense management. The first month is free for testing.
Is it safe to open a business account for a GmbH with Finom and store money there?
Yes, opening and using a business account for a GmbH with Finom is secure. Finom adheres to the highest security standards and uses cutting-edge technologies to protect customer data and funds.
- Regulatory security: Finom works with licensed banking partners that are supervised by BaFin (Germany’s Federal Financial Supervisory Authority). All customer funds are protected under EU regulations.
- Data security: Sensitive data is secured with end-to-end encryption, multi-factor authentication, and passkey technology.
- Transaction protection: Payments and transfers are protected with 3D Secure, real-time notifications, and universal transaction protection for SEPA and SWIFT.
- GDPR compliance: Finom meets all EU data protection requirements and conducts regular security audits.
How much does it cost to open and maintain a business account for a GmbH at Finom?
The account opening is free. Finom offers various business account plans for GmbHs depending on the required features and company size. The Basic plan, recommended by Finom, costs €9 per month (plus VAT) with annual billing and includes account management, debit card issuance, invoicing, multibanking, and expense management.
For companies with greater needs, higher-tier plans like Smart and Pro are available, offering additional features. Every plan can be tested free for 30 days, allowing businesses to find the right fit. Annual payment comes with a discount.
A hassle-free business account for your GmbH, local IBAN included.
A business account with a German IBAN for your GmbH.
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Subscription plans at a fair cost tailored to fit your business.
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For individual entrepreneurs or small teams taking their first steps. Simple, essential tools to start and stay in control
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For small to medium-sized businesses with straightforward needs. Flexible tools and higher limits for daily operations
Business account
Business account
Business account
Users included
1
Users included
2
Users included
Cashback
0%
Cashback
1%
Cashback
3%
AI Assistant
AI Assistant
AI Assistant
Chat support
Up to 1 business day
Chat support
Up to 3 hours
Chat support
Up to 3 minutes
Account Manager
Account Manager
Account Manager
Payment Solutions
Provided by Finom Payments/Solaris SE
Payment Solutions
Provided by Finom Payments/Solaris SE
Payment Solutions
Provided by Finom Payments/Solaris SE
Personal IBAN (unique account number for global transfers)
Personal IBAN (unique account number for global transfers)
Personal IBAN (unique account number for global transfers)
Free outgoing SEPA transfers
€2 500
Free outgoing SEPA transfers
€25 000
Free outgoing SEPA transfers
€50 000
Free VISA physical cards per user
0
Free VISA physical cards per user
1
Free VISA physical cards per user
3
Free VISA virtual cards per user
1
Free VISA virtual cards per user
3
Free VISA virtual cards per user
10
Outgoing international payments
1%
Outgoing international payments
0.50%
Outgoing international payments
0.40%
Role and user management
Role and user management
Role and user management
Scheduled payments
Scheduled payments
Scheduled payments
Bulk payments
Bulk payments
Bulk payments
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For individual entrepreneurs or small teams taking their first steps. Simple, essential tools to start and stay in control
You save € 48
For small to medium-sized businesses with straightforward needs. Flexible tools and higher limits for daily operations
You save € 360
For small to medium-sized businesses ready to scale. The flexibility to grow with advanced features and higher limits
Business account
Business account
Business account
Users included
2
Users included
Users included
Cashback
1%
Cashback
3%
Cashback
unlimited cashback up to 0,5%
AI Assistant
AI Assistant
AI Assistant
Chat support
Up to 3 hours
Chat support
Up to 3 minutes
Chat support
Up to 3 minutes
Account Manager
Account Manager
Account Manager
Account Management team
Payment Solutions
Provided by Finom Payments/Solaris SE
Payment Solutions
Provided by Finom Payments/Solaris SE
Payment Solutions
Provided by Finom Payments/Solaris SE
Personal IBAN (unique account number for global transfers)
Personal IBAN (unique account number for global transfers)
Personal IBAN (unique account number for global transfers)
Free outgoing SEPA transfers
€25 000
Free outgoing SEPA transfers
€50 000
Free outgoing SEPA transfers
€100 000
Free VISA physical cards per user
1
Free VISA physical cards per user
3
Free VISA physical cards per user
3
Free VISA virtual cards per user
3
Free VISA virtual cards per user
10
Free VISA virtual cards per user
Outgoing international payments
0.50%
Outgoing international payments
0.40%
Outgoing international payments
0.20%
Role and user management
Role and user management
Role and user management
Scheduled payments
Scheduled payments
Scheduled payments
Bulk payments
Bulk payments
Bulk payments
You save € 360
For small to medium-sized businesses ready to scale. The flexibility to grow with advanced features and higher limits
You save € 1.080
For small to medium-sized businesses scaling at speed. Our most comprehensive package with concierge-level support and full customization
Business account
Business account
Users included
Users included
Cashback
unlimited cashback up to 0,5%
Cashback
unlimited cashback up to 1%
AI Assistant
AI Assistant
Chat support
Up to 3 minutes
Chat support
Up to 3 minutes
Account Manager
Account Management team
Account Manager
Dedicated Account Manager
Payment Solutions
Provided by Finom Payments/Solaris SE
Payment Solutions
Provided by Finom Payments/Solaris SE
Personal IBAN (unique account number for global transfers)
Personal IBAN (unique account number for global transfers)
Free outgoing SEPA transfers
€100 000
Free outgoing SEPA transfers
Free VISA physical cards per user
3
Free VISA physical cards per user
3
Free VISA virtual cards per user
Free VISA virtual cards per user
Outgoing international payments
0.20%
Outgoing international payments
0.10%
Role and user management
Role and user management
Scheduled payments
Scheduled payments
Bulk payments
Bulk payments
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FAQ
Does a GmbH need its own business account?
Yes, a GmbH generally requires its own business account. This is essential for separating company transactions from your personal finances.
A separate account simplifies bookkeeping and tax reporting. Moreover, it is a prerequisite for company formation to ensure clear and transparent financial management.
With Finom, you can quickly and easily open a business account for various legal forms such as GmbH, UG, GbR, AG, as well as for freelancers and self-employed individuals. Trust Finom – open your business account online and receive your IBAN instantly
.Who can open a business account for a GmbH?
A business account for a GmbH (limited liability company) can only be opened by authorized individuals. The following applies:
Managing Director as primary authorized person
Only the managing director can open the account, as they represent the company externally in accordance with § 35 GmbHG. If the GmbH has multiple managing directors, authorization depends on the commercial register:
- Sole representation authority: Each managing director can open the account individually.
- Joint representation authority: The signatures of all managing directors or an expressly authorized individual are required.
Authorized signatories and representatives
If the managing director cannot or does not want to open the account personally, another individual can be authorized:
- Authorized signatory (Prokurist): A person listed in the commercial register with procuration can open the account.
- Authorized representative: A natural person can be authorized with a notarized power of attorney or a resolution from the shareholders’ meeting.
Why open a business account with a fintech like Finom?
Choosing a business account with a fintech like Finom offers numerous advantages over traditional banks. Fintechs combine innovative technologies with customized solutions for companies and the self-employed to make financial processes more efficient, cost-effective and user-friendly. 1. Fast and uncomplicated online account opening Unlike traditional banks, Finom enables a fully digital account opening process that can be completed in just a few minutes. Thanks to modern video identification and automated processes, there is no need for cumbersome paperwork and the account is often ready for use on the same day. 2. Lower fees and transparent cost structure Fintechs such as Finom often offer more favorable conditions than traditional banks, as they operate without a branch network and have fully digitized their processes. This includes:- Free or low-cost business accounts
- No hidden fees
- Attractive cashback programs for business expenses
- Automatic categorization of transactions
- Direct connection to accounting systems such as DATEV or lexoffice
- Creation and management of invoices directly in the account
- Virtual and physical company cards for employees
- Individual budget control and limits for each card
- SEPA and international transfers in real time
What business tools are available when opening a business account for a GmbH with Finom?
Opening a business account for a GmbH with Finom not only offers a reliable banking solution, but also a range of powerful business tools specifically designed to optimize financial processes and simplify accounting. 1. Invoicing and accounting integration- Create and send invoices directly via Finom
- Automatic payment allocation – incoming payments are allocated to invoices.
- VAT calculation for invoices
- Connection to accounting software such as DATEV, lexoffice, SevDesk and more
- Linking of multiple bank accounts on a single platform
- Automatic categorization of transactions for a better overview
- Real-time transaction tracking for full control over finances
- Virtual and physical company cards for managers and employees
- Individual budget limits and real-time tracking for each card
- Cashback programs for card payments (depending on tariff)
- Digital receipt management – receipts can be easily uploaded via app and linked to transactions.
- Automatic expense recognition and categorization
- Approval workflows for employee expenses
- SEPA transfers in real time (depending on the recipient’s bank)
- Multiple currencies (depending on tariff)
- Favorable exchange rates for international transactions
Is a separate business account mandatory for my GmbH?
Yes, a GmbH must have a separate business account. Although there is no direct legal requirement, the payment of the share capital requires an account in the name of the GmbH i.G. in accordance with §7 Para. 2 GmbHG.
In addition, a clear separation between business and private assets is necessary in order to comply with tax regulations and to ensure proper accounting in accordance with the GoBD. Without a separate account, the tax office and auditors would not be able to recognize operating expenses, and in the event of insolvency, limited liability would be jeopardized.
A business account is also indispensable for practical reasons: it facilitates payment transactions, bookkeeping and the connection to tax and financial systems.
Best business account for a GmbH – What advantages does the Finom founder account offer?
The Finom founder account offers fast online opening, a German IBAN and direct access to the banking software while the regulatory check is still ongoing. It facilitates the payment of share capital, enables an automated accounting connection and ensures full control over finances with virtual cards, real-time transactions and multi-banking. Founders also benefit from low fees, high security standards and an intuitive user interface.Can a private account be used for a GmbH?
A private account may not be used to conduct the business of the GmbH. This violates the basic principles of financial separation and can lead to significant legal and tax problems. A GmbH is a legal entity with its own legal personality and all financial activities should be conducted via a dedicated business account. This not only ensures a clear separation of the shareholders' personal finances and the company’s finances, but also facilitates financial management, accounting and tax compliance.
