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Open a business account for a UG online
Get a business account in just a few minutes – with a German IBAN and free trial period
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Opened fully online. No hidden commisions. Up to € 3% cashback.
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Open a UG business account online: How does it work?
Is a UG business account mandatory?
Can you open a UG account with Finom free of charge?
Can you open a UG account with Finom without Schufa?
Can I open a business account for a UG in formation with Finom?
What documents are required to open a business account for a UG?
How long does it take to open a UG business account with Finom?
What fees are charged for a UG business account?
Is my money safe when I open a business account for a UG with Finom?
Is a UG business account mandatory?
Yes, a UG business account is mandatory. As the UG is a legal entity, private and business finances must be strictly separated. A business account is also required in order to pay in the share capital, which in turn is a prerequisite for entry in the commercial register. Without a business account, the UG cannot operate legally.
Open accountCan you open a UG account with Finom free of charge?
Yes, opening a UG business account with Finom is free of charge.Can you open a UG account with Finom without Schufa?
Yes, a UG account can usually be opened with Finom without a Schufa check.
When opening an account, Finom focuses on the identity check as well as on the founding documents and details of the beneficial owners of the UG. A Schufa query is not required in most cases, as Finom only offers accounts on a credit basis and does not provide credit lines.
This makes Finom ideal for founders looking for a quick and uncomplicated business account without a traditional credit check.
Can I open a business account for a UG in formation with Finom?
Yes, you can also open a business account for a UG in formation (UG i.G.) with Finom. Here too, the entire process takes place and is usually completed within a few minutes.What documents are required to open a business account for a UG?
The documents required depend on whether the UG is already entered in the commercial register or is still being founded:
For an already registered UG (UG haftungsbeschränkt):
- Commercial register number - Essential for opening the business account online
- Information on the beneficial owners - Names and details of the persons who control the UG or benefit from it
- ID and video identification of the legal representatives - Each managing director must verify themselves via video and present a valid ID document. - If there are more than two representatives, two of them can be selected.
- Within 90-180 days after account opening: - Tax number and tax identification number of all representatives. - If one representative is a legal entity, their tax number and VAT ID number are required instead.
For a UG in formation (UG i.G.):
- Formation documents, in particular
- Articles of association or sample protocol
- Articles of association
- Certificate of incorporation
- Separate list of shareholders, if applicable
- ID and video identification of the legal representatives - As for a registered UG
- Within 90 days of opening the account: - Commercial register number and, if applicable, extract from the commercial register, if this cannot be obtained automatically from Finom. - Tax number and tax identification number of all representatives (after registration of the UG). - The tax number is required for legal entities as representatives. The entire account opening process takes place online.
How long does it take to open a UG business account with Finom?
Opening a business account for a UG (haftungsbeschränkt) with Finom usually only takes around 15 minutes. The entire process is digital and can be carried out conveniently online – without PostIdent or paperwork. In most cases, Finom provides the German IBAN within 24 hours of successful registration.What fees are charged for a UG business account?
Finom does not offer a free tariff for a UG (haftungsbeschränkt) – one of the fee-based tariffs must be selected. The account opening itself is free of charge, but the monthly fees depend on the package selected.
Current tariffs with annual payment:
- Basic €9 per month (€108 per year) – ideal for smaller UGs with basic requirements
- Smart: €19 per month (€228 per year) – with extended functions, higher limits and additional users
- Pro: €119 per month (€1. 428 per year) – for UGs with more complex structures or larger payment volumes
Other benefits:
- 30-day free trial
- Discount for annual payments
- Free virtual cards, physical cards included depending on the tariff
- Transparent fee structure for SEPA transfers, cash withdrawals and additional services
Is my money safe when I open a business account for a UG with Finom?
Yes, when you open a business account for your UG with Finom, your money is safe. Finom works with regulated partner banks and payment institutions in the EU that are under the supervision of the relevant financial supervisory authorities – such as the Dutch Central Bank (DNB) or the French ACPR. Customer funds are held in segregated accounts and are not commingled with Finom’s business assets, which means that they remain protected in the event of the fintech’s insolvency. Finom also meets all the requirements of the EU Payment Services Directive (PSD2), which guarantees additional security standards for data and payment protection.A hassle-free business account for UG, local IBAN included.
A business account with a German IBAN and for your UG.
Link your bank accounts to Finom
Connect all your other online banking accounts to Finom. Access all your wallets, transactions, account statements, and tax assessments across several banks on a single platform. You can even delete those bank apps altogether
Control your spending flow
Use your business account to manage team expenses and enhance your financial planning
Finom pricing and plans
Subscription plans at a fair cost tailored to fit your business.
For freelancers who need simple, essential features
You save € 24
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
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
You save € 24
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
Security is our top priority
GDPR Compliance
Our servers are protected and hosted in the European Union
Reliable partners
To minimize risks, we’ve partnered with one of the largest multinational banks, BNP Paribas, to hold your funds
Safeguarded funds: unlimited
We have a separate Safeguarding Foundation supervised by the DNB to manage your money
Passkeys and 3D Secure
Your money is protected with secure passwordless authentication and single-use passwords
Customer support, providing real-time care
Help is just a click away
Interactive Help Center available 24 hours
Fast response time
Contact us on e-mail: hello@finom.co
FAQ
What is a UG business account?
A UG business account is a business account that is opened specifically for an Unternehmergesellschaft (haftungsbeschränkt) – or UG (haftungsbeschränkt) for short. The UG is a corporation under German law and is similar in structure to a GmbH, but with a lower share capital starting at €1.Why does a UG need a business account?
As a legal entity, the UG is obliged to keep its private and business finances strictly separate. A business account is therefore:- Required by law for the payment of the share capital
- Necessary for the UG’s payment transactions such as invoices, salaries and taxes
- Basis for proper bookkeeping and annual financial statements
- Often a prerequisite for entry in the commercial register
Can a private current account be used for a UG?
No, a private current account should not be used for the business activities of an entrepreneurial company (UG). The use of a private current account for a UG contradicts the fundamental principles of German commercial and tax law as well as the requirements for correct accounting and transparency in business transactions.Can a UG have several business accounts?
Yes, a UG (haftungsbeschränkt) can have several business accounts. There is no legal limit to the number of business accounts a UG may have. For practical and strategic reasons, many companies even consciously decide to use multiple accounts – for example for the following purposes:- Separation of payment flows, for example for different business areas or locations
- Better liquidity planning through sub-accounts or accounts with specific purposes such as tax or reserve accounts
- Additional functions or benefits at different banks, for example cashback, international payments or API access
- Risk minimization through distribution across several banks, for example in the event of insolvency of a payment service provider
What happens to the UG business account when the UG is dissolved?
When a UG (haftungsbeschränkt) is dissolved, the business account – even in the case of a fintech such as Finom – initially remains in place and continues to be managed by the liquidator. It is used to process all outstanding payments, collect receivables and manage the assets during the liquidation phase. Once the statutory blocking year has expired and the UG has been fully liquidated, the remaining assets are paid out to the shareholders. With the final deletion of the UG from the commercial register, the business account is also closed.
