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Sadly, business accounts are kinda all over the place. I use Kontist, but it's pretty basic. You could also look into your local Sparkasse, it should have every

by V__ 3y ago

Sadly, business accounts are kinda all over the place. I use Kontist, but it's pretty basic. You could also look into your local Sparkasse, it should have everything you need.

konschubert 3y ago
Revolut?
- V__ 3y ago
  It's a UK bank with a Lithuanian subsidiary. Which is fine, but means you don't have a German account number, nor an easy way to sue/contact if legal problems arise. The latter is rather unlikely to be a concern, but the former might be a pain to deal with, depending on your customers. A lot of companies have rules which require double-checking every transfer to non-German accounts. Suddenly, your payments take a few weeks longer to arrive.
  - konschubert 3y ago
    I’d say that’s an issue with those companies but of course that doesn’t help the situation
  - tough 3y ago
    N26 is German fwiw similar to Revolut
    - V__ 3y ago
      N26 has a history of problems. I would recommend staying as far away as possible.
      - nyreed 3y ago
        Could you elaborate on that? I've not been aware of any.
        V__ 3y ago
        I'm just gonna link a few German articles. They seem to have reestablished their phone hotline by now, but I don't think they have changed their "move fast and break things" attitute. [1] https://www.anwalt.de/rechtstipps/erneute-probleme-bei-n26-bank-sperrt-konten-und-friert-gelder-ein-wir-holen-ihr-geld-zurueck-202091.html https://www.anwalt.de/rechtstipps/erneute-probleme-bei-n26-b... [2] https://www.businessinsider.de/wirtschaft/einem-n26-kunden-werden-80000-euro-gestohlen-und-die-bank-ist-ueberfordert-2019-3/ https://www.businessinsider.de/wirtschaft/einem-n26-kunden-w... [3] https://www.businessinsider.de/gruenderszene/business/n26-erneute-probleme/ https://www.businessinsider.de/gruenderszene/business/n26-er...
        tough 3y ago
        Well, since we were just talking about how dysfunctional IT traditional banks are in germany, maybe in this context a -move fast and break things- attitude is appreciated?
        V__ 3y ago
        I think the difference is, as a customer I don't care how dysfunctional their internal IT is, as long as the customer facing IT and support "works".
    - ant6n 3y ago
      N26 is not for corporations (GmbH, UG) so cannot be used for most startups. they have poor ratings. I tried Finom, but the experience was abysmal. They behave like some sort of shady porn subscription, not a place I would want to entrust my money with. I’m not sure about giving money to these Neobanks. They’re not really cheaper, and have so many downsides.

by V__ 3y ago

Sadly, business accounts are kinda all over the place. I use Kontist, but it's pretty basic. You could also look into your local Sparkasse, it should have everything you need.

konschubert 3y ago

Revolut?

V__ 3y ago
It's a UK bank with a Lithuanian subsidiary. Which is fine, but means you don't have a German account number, nor an easy way to sue/contact if legal problems arise. The latter is rather unlikely to be a concern, but the former might be a pain to deal with, depending on your customers. A lot of companies have rules which require double-checking every transfer to non-German accounts. Suddenly, your payments take a few weeks longer to arrive.
- konschubert 3y ago
  I’d say that’s an issue with those companies but of course that doesn’t help the situation
- tough 3y ago
  N26 is German fwiw similar to Revolut
  - V__ 3y ago
    N26 has a history of problems. I would recommend staying as far away as possible.
    - nyreed 3y ago
      Could you elaborate on that? I've not been aware of any.
      - V__ 3y ago
        I'm just gonna link a few German articles. They seem to have reestablished their phone hotline by now, but I don't think they have changed their "move fast and break things" attitute. [1] https://www.anwalt.de/rechtstipps/erneute-probleme-bei-n26-bank-sperrt-konten-und-friert-gelder-ein-wir-holen-ihr-geld-zurueck-202091.html https://www.anwalt.de/rechtstipps/erneute-probleme-bei-n26-b... [2] https://www.businessinsider.de/wirtschaft/einem-n26-kunden-werden-80000-euro-gestohlen-und-die-bank-ist-ueberfordert-2019-3/ https://www.businessinsider.de/wirtschaft/einem-n26-kunden-w... [3] https://www.businessinsider.de/gruenderszene/business/n26-erneute-probleme/ https://www.businessinsider.de/gruenderszene/business/n26-er...
        tough 3y ago
        Well, since we were just talking about how dysfunctional IT traditional banks are in germany, maybe in this context a -move fast and break things- attitude is appreciated?
        V__ 3y ago
        I think the difference is, as a customer I don't care how dysfunctional their internal IT is, as long as the customer facing IT and support "works".
  - ant6n 3y ago
    N26 is not for corporations (GmbH, UG) so cannot be used for most startups. they have poor ratings. I tried Finom, but the experience was abysmal. They behave like some sort of shady porn subscription, not a place I would want to entrust my money with. I’m not sure about giving money to these Neobanks. They’re not really cheaper, and have so many downsides.