Penta
Penta
NOTE: the Penta brand has been discontinued. Penta was acquired by Qonto (July 2022) and customers were migrated to the Qonto platform by end of 2023; the service no longer exists as a standalone product and is available only under the Qonto brand. Historically it was a German business account with deposit protection up to €100K, 50 to 300 free transactions per month and ATM withdrawals up to €5K per day, without native multi-currency accounts and limited to Germany (international transfers handled via Wise).
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | dedicato · DE |
| Multi-currency | No (single currency) |
| Outbound transfers to third-party IBANs | Yes |
| Utility direct billing | Yes |
| SEPA direct debit (SDD) | Yes |
| On-chain crypto withdrawal | No |
| SEPA transfer | Free |
| Interest on balance | 0% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 1+ countries |
| Regulator | BaFin |
| OAM Italy registration | No |
| Segment | B2B |
| MiCA / License status | Banking-as-a-Service (solarisBank) BaFin (via Solarisbank) |
Plans & pricing
Strengths
- Deposit guarantee €100K; 50–300 tx free/month; ATM €5K/day.
- No notable sovereignty advantage documented.
Weaknesses
- No multi-currency; only Germany.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (BaFin (via Solarisbank)): reporting to authorities and freezes on order.
Verdict
Middling verdict: deposit protection up to €100K (via BaFin/Solarisbank), 50–300 free monthly transactions and ATM withdrawals up to €5K/day are solid points for a German account. Weighing against it are the lack of native multi-currency accounts and the Germany-only scope, with international transfers offloaded to Wise: handy at home, weak across borders.
Of little relevance here: custodial, full KYC and BaFin oversight, with domestic operations and reliance on Wise abroad. No autonomy or real privacy for the user; the deposit guarantee that makes it reliable under Tutela counts for nothing on this lens.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Penta still active?
No. The Penta brand has been discontinued: acquired by Qonto in 2022, its customers were migrated to Qonto by end of 2023. The service is now available only under the Qonto brand.
Can I send transfers to third-party IBANs with Penta?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Penta support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Penta support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from Penta?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework Data verified on Jun 13, 2026
- qonto.com Data verified on Jul 14, 2026
- fintech-consult.com Issuer · Company profile Data verified on Jun 14, 2026
- fintechmagazine.com Data verified on Jun 14, 2026
Show 2 more sources
- settle-in-berlin.com Trust & safety · Pricing Data verified on Jun 14, 2026
- penta.com Founders Data verified on Jun 13, 2026