TEN31 Bank AG products, services and reviews

About TEN31 Bank AG

TEN31 Bank AG is a German-licensed credit institution that evolved from the former WEG Bank AG and operates under supervision of BaFin and the Deutsche Bundesbank, with a business model positioned around payments and account services for corporate clients, including companies active in fintech and digital assets. The bank focuses on providing EUR accounts with IBANs and standard payment rails (e.g., SEPA) to regulated financial intermediaries and related businesses that require fiat on/off-ramp capabilities, and it applies risk-based onboarding with heightened anti-financial-crime controls typical for clients handling virtual assets, often including detailed KYC/AML documentation and transaction monitoring requirements; access can be limited by jurisdiction and business model. TEN31 functions as a niche provider rather than a universal retail bank, with a narrow product set, limited branch presence, and service delivery primarily through direct relationship management and digital channels; timelines for onboarding and integration may vary, and pricing is usually tailored to risk and volume rather than standardized for consumers. As with other German banks, eligible deposits are covered by the statutory deposit guarantee scheme up to EUR 100,000 per depositor, subject to applicable rules. The bank’s positioning as a bridge between traditional finance and blockchain results in close scrutiny of counterparties and flows, which can lead to conservative acceptance criteria and periodic reviews or restrictions on account activity; prospective clients should expect comprehensive compliance checks, possible constraints on crypto-related transaction types, and case-by-case assessments of supported use cases.