Kontist is Germany’s first banking solution founded in 2016 to provide banking services to freelancers and the self-employed. This company offers its customers a free business account with automatic reserves for sales and income tax, easy registration, and smart categorization of transactions. Kontist launched its business account on February 2017. Its headquarters are in Berlin, Germany, but it does not have physical branches that you can visit.
- 1 Does Kontist Have Its Own Banking License?
- 2 Does Kontist Serve Specific Customers?
- 3 How Kontist Customer Support Works
- 4 What Languages Does Kontist Support?
- 5 How Kontist Works
- 6 Does Kontist Have App Only Or Both App and Website?
- 7 Does Kontist Offer Business Bank Accounts?
- 8 Kontist’s Online Customer Reviews
Does Kontist Have Its Own Banking License?
This financial company does not have its own banking license. It has a partnership with solarisBank where all Kontist’s customer accounts are managed. solarisBank is a German bank fully licensed by the German Federal Financial Supervisory Authority (BaFin) and the European Central Bank. Kontist recently teamed up with Debitoor which enables Kontist to offer simple, automated bookkeeping of receipts, tax contributions and invoices.
Does Kontist Serve Specific Customers?
It aims to provide financial services to small business owners, the self-employed and freelancers. Kontist serves customers in Germany; you need to have a German address to receive services. However, it is planning to expand into more EU countries.
How Kontist Customer Support Works
If you have any queries concerning Kontist services, you can reach the customer support team via email: [email protected] or through telephone: 030 220662760 or +49 30 311 986 00 (Monday-Friday 9:00 AM-5:00 PM). For video verification, the support team is available from Monday-Sunday 8:00 AM-Midnight.
What Languages Does Kontist Support?
Currently, the Kontist app is available in both English and German, and it is not possible to change the language in the app. So, you don’t have to worry if you are a foreigner and you do not understand German.
How Kontist Works
It is easy to open an account with Kontist. Register your account using the downloaded app from the Google Play Store or the Apple Store. Use a video chat with a Kontist employee to verify your details. Your account will be activated after a few hours, and it’s ready to use. The Kontist basic account is free of charge. Services that are charged are the return debits estimated at €3.00 plus third-party costs and transfer changes (recalls) at €10 each. Kontist works in partnership with solarisBank to offer its financial services. The Kontist service enables business customers to access, manage and carry out transactions. Here are the many services provided by Kontist.
• It offers account management and preparation of financial information
• The creation of tax reserves
• Kontist offers liquidity management by categorizing income and expenses
• It provides the use of a virtual and physical MasterCard
• Direct debits (incoming or outgoing)
Does Kontist Have App Only Or Both App and Website?
You can access Kontist financial services through both the app and website. The Kontist app is available for smartphones with Android and iOS operating systems. You can download the app from the Google Play Store or the Apple App Store. For iOS, the minimum requirements for the latest version of the app are iPhone 5+ or newer and iOS 11 or higher. The iOS version can be found in your phone’s settings. The Kontist app is not optimized for use on the iPad.
On the other hand, the minimum requirements for Android are; Android 6.0 or higher. The Android version can be found in the settings of your smartphone. The Kontist website is referred to as “Kontist Platform”.
Does Kontist Offer Business Bank Accounts?
Yes. Kontist provides business bank accounts for small business owners and sole traders. However, if your business is a legal entity (GmbH, UG, and GbR, etc.), you cannot open an account. The mobile business bank account is free.
Kontist helps you stay on top of your finances. It makes it easier to run your business by helping you know where you stand financially, helping you save for your pension or automating owed tax and VAT. Kontist supports your business by providing easily understandable and flexible offers that will address the specific needs of the self-employed. This financial company has been working with Wirecard on a MasterCard Debit Business since September 2017, which customers can request for their business account. This way, Kontist’s business account offers freelancers more financial freedom.
Kontist’s Online Customer Reviews
Every Kontist customer has a story to tell depending on their experiences with the services offered. Kontist has solved problems faced by many SMEs and freelancers and has provided financial transparency of their businesses and the automation of back-office tasks. It is not easy to get these services from traditional banks.
Kontist customers are happy with their services, and many have given a positive feedback. The company won the jury award “FinTech of the Year 2016” in the category Early Stage at the EXEC conference in Berlin. On appgrooves, Kontist has been rated 3.8 out of 5.The positive reviews are 63.2%, while the negative reviews are at 36.8%.