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7.11.2024

Best Business Accounts for Germany in November 2024

4 min read

Compare the best business accounts available in Germany in November 2024, including fees, interest rates, and available features for businesses of all sizes.

Best Business Accounts in Germany (November 2024)

  1. Revolut Business

     

    Features Table:

    Interest RateSEPA PaymentsCurrenciesBest For
    Up to 3.51% EURFree for most plansMulti-currency with great exchange ratesFreelancers, SMEs, large corporations

     

    Monthly Fee: From €0 (Basic Plan) to custom pricing for the Enterprise Plan.

     

    Interest Rate: Up to 3.51% EUR (Enterprise Plan).

     

    SEPA Payment Price: Free for most plans, subject to limits. Additional charges may apply.

     

    Great For: Freelancers, SMEs, and large corporations that need multi-currency accounts and low-cost international transactions.

     

    But Be Aware That: Some users report occasional delays in customer support. Higher transfer limits only available on paid plans.

     

    Available In: Netherlands, European Economic Area (EEA), United Kingdom, Switzerland, Australia, Canada, Japan, Singapore, United States.


 

  1. Airwallex Business

     

    Features Table:

    Interest RateSEPA PaymentsCurrenciesBest For
    No interest offeredFree for local paymentsMulti-currency availableInternational businesses and global payments

     

    Monthly Fee: From €0 (Explore Plan) to €999/month for the Accelerate Plan.
     

    Interest Rate: Not available.
     

    SEPA Payment Price: Free for local transfers, additional charges for SWIFT payments.

     

    Great For: Businesses with international operations needing multi-currency accounts and competitive foreign exchange rates.

     

    But Be Aware That: Airwallex does not provide interest on account balances. May face challenges during the account approval process.

     

    Available In: Netherlands, Australia, United Kingdom, United States, and more.


 

  1. Vivid Money Business

     

    Features Table:

    Interest RateSEPA PaymentsCurrenciesBest For
    Up to 3.5%Free for limited transfers, additional fee for extra transfersMulti-currency supportedFreelancers, SMEs, cashback enthusiasts

     

    Monthly Fee: From €0 (Free Start Plan) to €249/month (Enterprise+ Plan).
     

    Interest Rate: Up to 3.5% annual interest (available on specific plans or balances).
     

    SEPA Payment Price: Free for a limited number of transfers per month, additional charges of €0.20 per transaction.

     

    Great For: Freelancers and businesses seeking digital banking solutions with cashback on purchases.

     

    But Be Aware That: Higher cashback rates and increased transfer limits only available on premium plans.

     

    Available In: Germany, France, Spain, Italy.


 

  1. Finom Business

     

    Features Table:

    Interest RateSEPA PaymentsCurrenciesBest For
    No interest offeredFree for limited transfersAvailable for most EU countriesSMEs and large corporations

     

    Monthly Fee: From €0 (Solo Plan) to €249/month (Enterprise Plan).
     

    Interest Rate: Not offered.
     

    SEPA Payment Price: Free for a limited number of outgoing transfers per month; additional transfers incur a fee.

     

    Great For: SMEs and large corporations seeking integrated invoicing, expense management, and accounting software.

     

    But Be Aware That: No interest-bearing savings accounts available. Some advanced features are only available on premium plans.

     

    Available In: Netherlands, Belgium, France, Germany, and more.


 

  1. Qonto Business

     

    Features Table:

    Interest RateSEPA PaymentsCurrenciesBest For
    No interest offeredFree for a set number of transfersEUR-onlyStartups, freelancers, SMEs

     

    Monthly Fee: From €9 (Basic Plan) to €249 (Enterprise Plan).
     

    Interest Rate: Not offered.
     

    SEPA Payment Price: Free for a set number of outgoing SEPA transfers, additional transfers at €0.40 each.

     

    Great For: Startups, freelancers, and SMEs needing a digital banking solution with multi-user access and expense management tools.

     

    But Be Aware That: Higher-tier plans required for some of the advanced features.

     

    Available In: Netherlands, France, Germany, Italy, Spain, Austria, and Portugal.


 

  1. MultiPass Business Account

     

    Features Table:

    Interest RateSEPA PaymentsCurrenciesBest For
    No interest offeredIncoming SEPA payments at €2 each, outgoing from 0.10% of transaction amount (min. €10)Multi-currency supporting 70+ currenciesInternational trade and global businesses

     

    Monthly Fee: From £100, with fees varying based on the selected plan and services.
     

    Interest Rate: MultiPass does not currently offer interest-bearing savings accounts.
     

    SEPA Payment Price: Incoming SEPA payments are charged at €2 per transaction; outgoing SEPA payments start from 0.10% of the transaction amount, with a minimum fee of €10.

     

    Great For: Businesses engaged in international trade seeking multi-currency accounts, competitive foreign exchange rates, and the ability to hold, receive, convert, and send over 70 currencies across 200 countries and regions using a single account.

     

    But Be Aware That: MultiPass requires a minimum balance equivalent to three monthly fees. Failure to meet this minimum balance incurs a monthly charge of €100. Additionally, there is an account opening fee starting from €500.

     

    Available In: Netherlands, United Kingdom, United States, Australia, Austria, Belgium, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Norway, Philippines, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, and Sweden.


 

Conclusion

Choosing the right business account in Germany in November 2024 depends on your business needs. Whether you prioritize low fees, high interest rates, or advanced international payment solutions, there is an option available for every business type. Compare the plans carefully to find the one that best fits your goals.

This comparison is based on available information for November 2024. Prices and features may change over time, so always check with the provider for the most current details.


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