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Commerzbank Business Accounts Review

Affordable business accounts in Germany with a host of helpful banking features.

Commerzbank is a trusted bank in Germany offering three business accounts with features like online banking, business credit and debit cards and easy cash withdrawals. Compare the accounts below to choose the best Commerzbank business account for your company.

9.90 €

Management Fee

1

Number of users

10 per month

Local transfers limit

Details

Product NameCommerzbank Classic business account
Management Fee9.90 €
Supported currenciesEUR
Number of users1
Fee for additional usersN/A
Local transfers limit10 per month
Currency conversion Fee1%
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More Info

Commerzbank is a Frankfurt-headquartered bank, that offers current accounts, business accounts and other financial services throughout Germany. This review will explore the features of Commerzbank business accounts, alongside their fees and sign-up process.

How do Commerzbank business accounts work?

Commerzbank has three different business accounts in Germany, each at its own price point. Each of these accounts comes with basic banking solutions like digital banking and girocard payments. On top of this, some of its accounts offer premium features including a business premium card. To get started with Commerzbank, you can sign up via their website. This would allow you to open and use an account just as you would with any other bank.

Key features

Commerzbank business accounts come with a range of business banking features, including:

  • Business banking tools. Premium Commerzbank business accounts come with electronic banking features.
  • Girocard card. With the Commerzbank Girocard, your business can make quick payments without worrying about interest.
  • Mobile app. Commerzbank offers a mobile app to help your business manage its finances on the go, anytime and anywhere.
  • Support. Contact customer support should you have any issues with your account or Girocard.
  • Deposits and withdrawals. Premium Commerzbank accounts come with advanced features like up to 10 free deposits and withdrawals per month.

What are the Commerzbank account options for businesses?

Fees and limits

Before picking a Commerzbank business account, you should get familiar with the fees involved. Here are the most common fees you might encounter with Commerzbank.

  • Monthly account fees. Each Commerzbank account comes with monthly administration fees at different price points.
  • Credit card fees. Cards like the Mastercard Premium card come with annual card fees, card delivery fees, and card replacement fees.
  • The extra cost of add-ons. Are the number of cash withdrawals each month not enough for your business? Would you like to add an extra card to your Commerzbank business account? Get in touch with Commerzbank’s customer service and you may enjoy extra features for a small fee.

How to sign up for a Commerzbank Business Account

It’s simple to sign up for an account and you can do so online. However, remember that you receive six months free for the Classic business account if you sign up at a physical branch. Here are the steps to apply:

  1. Personal details. Provide your personal information including your name, address and date of birth.
  2. Login to online banking. You’re able to log into Internet banking and check your data. You can also see your account number.
  3. Verify your identity. Download the videoIDENT app to verify your identity. You will need your ID card or passport ready.
  4. Login. Once you’re verified you will receive a photoTAN activation letter. You will then be able to securely login to Internet banking.

Our verdict

Commerzbank offers three business accounts that offer affordable banking solutions to businesses of all sizes. However, in looking for the best business account, you should also consider a range of factors including the fees, the level of customer support and the features available.

Although the Commerzbank business accounts present a simple no-frills option, there might be other bank accounts, both digital and traditional, that might suit your needs better.

Experiences of Commerzbank business accounts

As of September 2021, Commerzbank has an average rating of 1.3 on Trustpilot (1,235 reviews). It also has a rating of 4.6 based on 7 Google Reviews and 4.7 out of 231 reviews on the Apple App Store. Do note that these reviews apply to Commerzbank as a whole and not just its business accounts — so sort through them and take note of the information that could be most relevant to your company.

Compare Commerzbank against other business bank accounts in Germany

Name Product Management Fee Number of users Local transfers limit
bunq Easy Bank Business
4.99 €
1
N/A
Enjoy zero FX fees on your overseas spending, plus send and receive instant payments with ease. Comes with a complimentary prepaid card.
Commerzbank Founder offer
14.90 €
1
75 per month

Receive 100 € opening your account online and enjoy 14.90 € per month for the first 2 years

N26 Business You
9.90 €
10
Unlimited
A premium business account with free foreign currency payments, cashback and a complimentary insurance package.
Kontist Free Business Account
0 €
1
Unlimited
A free business account for solo self-employed. No hidden costs, convenient account switching service, first-class in-house support. SEPA transfers and direct debit, Visa Business Virtual Debit Card, Google Pay and overdraft facilities.
Penta Starter
Penta Starter
9 €
2
100
A German IBAN and current account for startups and small businesses that gives you convenient account management, international payments and multi-user support.
N26 Business Metal
16.90 €
10
Unlimited
The N26 Business Metal is a company account with which you get a metal bank card and 0.5% cashback on all your purchases.
bunq Easy Green Business
20.99 €
25
N/A
Manage your business finances effortlessly with a wide array of features, including automatic payment requests, spend analytics and more.
Commerzbank Premium business account
24.90 €
1
75 per month
A premium account with travel benefits and insurance coverage. Free transfers, free cash withdrawals and up to four premium credit cards.
Kontist Premium Business Account
9 €
1
Unlimited
Premium account for solo self-employed. For a monthly fee of , it contains the same services as Kontist Free plus a few other services such as tax calculations.
bunq Easy Money Business
10.99 €
25
N/A
Benefit from multiple accounts, the ability to link your bookkeeping software, receipt linking, employee access, and simple payments.
N26 Business Smart
4.90 €
10
Unlimited
A business current account with an Italian IBAN for freelancers. It offers cashback, shared spaces to save, automatic rounding, discounts and premium offers.
Kontist Duo Business Account
12 €
1
Unlimited
Duo account for solo self-employed. Contains the same services as Kontist Premium for a monthly fee of plus lexoffice services such as digital document management.
Penta Comfort
Penta Comfort
19 €
5
300
A top-tier business account for startups and companies with accounting integrations and international payments. Access it all through a smart mobile app.
N26 Business
0 €
2
Unlimited
A convenient business account for freelancers. Benefit from cashback, spending categorisation and free foreign currency payments.
Commerzbank Classic business account
9.90 €
1
10 per month

Receive 100 € opening your account online and enjoy 0 € price for 6 months

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Please note these products are not licensed as banks. Check our product review pages for details.
Name Product Management Fee Number of users Local transfers limit
Revolut Business Free
0 €
Unlimited
5
A no monthly fee business account designed for small teams. Hold 28 currencies in your account and get 5 free local transfers.
Qonto Basic
9 €
1
30
Self-employed account including 1 user and 1 physical one card. It allows up to 30 free transfers
Revolut Freelancer Professional
7 €
Unlimited
20
A professional account for up to users. Hold and exchange 28 currencies, get user permissions, expense management and more.
Qonto Premium
39 €
5
100
A flexible current account for startups and small businesses. Receive unlimited users, multi-lingual support, customised account access, bulk transfers and more.
Revolut Freelancer Ultimate
25 €
Unlimited
100
Take the hassle out of managing your business spending with fee-free international payments, interbank FX rates, live insights and more
Qonto Smart
19 €
2
60
A low-cost business account solution for small businesses and freelancers. Get 1 physical cards and 2 users included along with a number of features.
Revolut Freelancer Free
0 €
Unlimited
5
A multi-currency account where you can hold and exchange 28 currencies. Get virtual cards, a mobile app and an IBAN.
Qonto Business
99 €
5
500
A complete package for team expense management. Up to 5 user access, 10 accounts with individual IBANs and a wide array of advance finance management tools.
Revolut Business Enterprise
1,000 €
Unlimited
Unlimited
A premium account with unlimited transfers, exchange and more. Hold 28 currencies and receive a local Euro and GBP account.
Qonto Essential
29 €
2
100
A low-cost business account solution for small businesses. Get 1 physical card and 2 member access, plus a number of other features.
Revolut Business Scale
100 €
Unlimited
1000
A multi-currency account with free team members included. Get a mobile app for all cardholders and virtual cards.
Revolut Business Grow
25 €
Unlimited
100
Receive 10 free team members, 100 free local transfers and exchange up to 10000 € into 28 currencies at the real rate.
Qonto Enterprise
249 €
10
1000
Enjoy the highest limits and complete access to Qonto’s business features. Create unlimited IBAN accounts and benefit from 7-days-a-week VIP support.
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Frequently asked questions

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