Overview
FYRST, at a glance.
FYRST is a bank (deutsche bank brand) headquartered in Germany, regulated by BaFin and the European Central Bank. Business accounts cost from €0 a month. Opening an account takes 3–5 days.
FYRST is a brand of Deutsche Bank AG. Deposits are protected by the statutory German deposit guarantee up to €100,000, plus the voluntary deposit protection fund of the Association of German Banks.
Why businesses pick FYRST
- BASE costs nothing for sole traders and freelancers
- A free Debit Mastercard, with Apple Pay and Google Pay
- Cash deposits and withdrawals at Deutsche Bank and Postbank branches
- Accepts GmbH, UG, partnerships, associations and companies in formation
- A Deutsche Bank account with German deposit protection
- Trustpilot score of 4.0 from more than 2,500 reviews
Watch out for
- Only for companies registered in Germany
- Euro account only: foreign currencies are converted
- Transfers beyond the free allowance cost €0.04 to €0.19 per posting, incoming and outgoing
- SWIFT payments cost 0.08% (€6 to €40), incoming 0.05% (€5 to €30)
- Support in German only
Business fit
Will FYRST accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on FYRST's published rules
Likely no
FYRST does not list United Kingdom among the countries where it accepts companies.
FYRST does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What FYRST publishes about the businesses it takes on.
Who FYRST serves
- Freelancers
- Startups and SMEs
- Professional services
- NGOs and charities
Not supported
Industries and countries FYRST does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use FYRST?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
EUR account
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- AED
- BHD
- CNY
- CZK
- DKK
- HKD
- HUF
- ILS
- JOD
- KES
- KWD
- MAD
- MUR
- MXN
- NOK
- NZD
- OMR
- PLN
- QAR
- RON
- RSD
- SAR
- SEK
- SGD
- THB
- TND
- TRY
- ZAR
SWIFT payments out in 34 other currencies.
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- Germany
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Sole traders and freelancers (Gewerbetreibende, Freiberufler, e.K.), GmbH and UG, GbR, OHG, KG, GmbH & Co. KG, UG & Co. KG, Partnergesellschaft, Registered associations (e.V.) and cooperatives (e.G.), Companies in formation (i.G.)
Pricing
What does FYRST cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
€0–24
depends on plan
BASE
Lowest cost€0 per month
€0 setup · €0 in year one
COMPLETE
€10 per month
€0 setup · €120 in year one
PREMIUM
€24 per month
€0 setup · €288 in year one
Transaction fees
| Cost | BASE | COMPLETE | PREMIUM | How it is charged |
|---|---|---|---|---|
| Incoming | ||||
| SEPA | €0.19 | €0.08 | €0.04 | Fixed fee · Counted with outgoing postings |
| SWIFT / international | 0.05%, min €5 | 0.05%, min €5 | 0.05%, min €5 | Percentage, with a minimum charge · Maximum €30 |
| Outgoing | ||||
| SEPA | €0.19 | €0.08 | €0.04 | Fixed fee · Per posting, incoming and outgoing, after 50 (BASE) or 75 (COMPLETE) free a month |
| SWIFT / international | 0.08%, min €6 | 0.08%, min €6 | 0.08%, min €6 | Percentage, with a minimum charge · Maximum €40; €25 more to pay all charges (OUR) |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 0.5–2% | Percentage of the amount; varies by plan · 0.5% for major currencies, 2% for others |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Free | No charge · Debit Mastercard |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is FYRST a bank?
FYRST is a brand of Deutsche Bank AG, supervised by the European Central Bank and BaFin (BaFin-ID 100003). Deposits are protected by the German deposit guarantee up to €100,000.
How much does FYRST cost?
BASE is free for sole traders and freelancers and costs €6 a month for companies after six months. COMPLETE costs €10 and PREMIUM €24. Postings beyond the free allowance cost €0.19, €0.08 or €0.04 depending on the plan.
Who can open a FYRST account?
Businesses registered in Germany: sole traders and freelancers, GmbH and UG, partnerships such as GbR, OHG and KG, registered associations and cooperatives, and companies in formation.
How long does opening take?
Sole traders and freelancers receive their IBAN straight after applying and identifying by video. Companies receive their login details by post, normally within 3 to 5 working days.
Alternatives
How FYRST compares.
If FYRST is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
| FYRSTThis pageBank (Deutsche Bank brand) |  | GermanyCash deposits |
 KontistBusiness account | | FreelancersTax tools |
 N26 BusinessBank | | FreelancersFree account |
 QontoPayment institution |  | FreelancersInvoicing tools |
 HolviPayment institution |  | 18 currenciesFree plan |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.