Fyrst is a banking product of the Deutsche Bank AG. With the two business accounts Base and Complete, the aim is to offer both self-employed people at the beginning of their professional development and established companies a range of digitized banking services. Extensions to bookkeeping, order administration and order management are possible at attractive conditions.

Services of the Fyrst Complete business account

One of the most important services of the Complete business account is the execution of cashless payment transactions with all incoming and outgoing transactions. In addition, cash deposits and withdrawals are guaranteed with the help of the Fyrst Card. Access to the account is browser-based or via mobile banking.

With a given credit rating, a credit can be set up for the Complete [business account] (/en/), the application is digitized. Optionally you have the possibility to integrate a software for your accounting, for the processing of your orders or for your project management.

If the account holder changes the account, the bank will provide a support service. If required, the account holder also has access to a telephone hotline.

For whom is the Fyrst Complete business account suitable?

Fyrst’s “Complete” account model is designed primarily for the self-employed who require a comprehensive package of services and who make a large number of cashless bookings each month. The services include up to 75 transactions per month, which means that even a fairly comprehensive business operation can be handled.

Of course, newcomers or founders can also open the Complete business account at the beginning of their career and make use of the services. A certain turnover requirement is not necessary for opening and managing the account, so that prospective founders can also use the Complete account.

Fyrst Complete Business Account Prices and Conditions

The account management costs ten euros per month, the price includes the execution of 75 cashless deposits and withdrawals. The Fyrst Card is free of charge and is used to withdraw cash from Deutsche Bank, Postbank and the entire Cash Group. A loan can be granted from an interest rate of 1.59 percent annually. Integrated order management is available free of charge; there are no costs for using the account change service or the customer support hotline.

If the accounting software is used optionally, the bank grants a discount of 25 percent on the normal price. For a low monthly account maintenance fee, customers thus receive a wide range of services that make administration easier for the self-employed.

Special features of the Fyrst Complete business account

On the one hand, the Complete business account is interesting for customers who want to open their account digitally as quickly as possible. Identification is possible using the familiar PostIdent procedure, but can also be carried out using VideoIdent, so that there is no need to visit the post office. In addition, the optional integration of bookkeeping and order processing is an option for self-employed persons to digitize and accelerate processes in order to create time for the actual business activity.

Advantages and disadvantages of the Fyrst Complete business account

One of the biggest advantages is the favourable cost structure for processing cashless payment transactions, including a large number of transactions. This makes the account interesting for customers whose business operations already represent a certain order of magnitude.

However, these costs, which are incurred every month, could have a negative impact, even if the number of transactions is lower. The account holder thus has to bear fixed costs, even if he only handles a small amount of payment transactions via his account. In this case the free Fyrst Base business account might be the more interesting choice.

Open Fyrst Complete Business Account

The account is opened fully digitally. Only a few details are required, the identification of the account holder is then possible via VideoIdent. If you do not want this, you can use the PostIdent procedure. Once the account has been identified by Swiss Post, the account can be expected to be opened at short notice.

Conclusion on the Fyrst Complete business account

The business account “Complete” was created for customers who want favourable conditions and whose business already accounts for a certain order of magnitude. This group of customers may feel particularly attracted by the inexpensive yet comprehensive services.