FYRST: Digital Business Banking for Founders, Freelancers and Businesses

Starting and running a business comes with enough responsibilities. From managing invoices and payments to keeping track of cash flow and working with tax advisers financial administration can quickly become time-consuming.

That is where FYRST comes in.

FYRST is a digital banking and business platform from Deutsche Bank designed for founders self-employed professionals freelancers and businesses. It combines digital business banking with features aimed at making everyday financial management more convenient.

What Is FYRST?

FYRST provides digital business accounts that can be opened online without a branch visit. The platform supports a range of business structures including freelancers sole traders GmbHs GbRs UGs OHGs KGs and other German business forms.

The idea is straightforward: give businesses the banking tools they need while keeping everyday financial management digital and accessible.

With account options starting from €0 per month businesses can choose an account based on their transaction volume and requirements.

Business Accounts Designed for Different Needs

Every business has different banking requirements. A freelancer with a small number of monthly transactions may need something different from a growing company handling a higher volume of payments.

FYRST currently offers three main business account models:

FYRST BASE

FYRST BASE is positioned as an entry-level business account. It includes 50 free paperless transactions per month with additional transactions charged separately. It also includes a free FYRST Debit Mastercard and cash deposit and withdrawal services.

FYRST COMPLETE

For businesses with more transactions FYRST COMPLETE provides 75 free paperless transactions per month and additional functionality including a BASE sub-account. The account is currently listed at €10 per month.

FYRST PREMIUM

FYRST PREMIUM is designed as a more comprehensive package. It includes up to five BASE sub-accounts and a free DATEV interface for tax advisers with the current monthly price listed at €24.

The right account depends on factors such as transaction volume company structure and the financial tools a business needs.

Banking That Works Digitally

One of FYRST's central features is digital access. Customers can manage their business banking through online banking and the FYRST app allowing them to keep track of their finances without relying on traditional branch-based banking.

The FYRST Debit Mastercard can also be used for contactless payments including through Apple Pay and Google Pay. FYRST additionally provides access to cash services through its network and Deutsche Bank and Postbank locations.

For modern businesses having banking available digitally can make everyday financial tasks easier to manage alongside other business responsibilities.

Simplifying Accounting and Bookkeeping

Banking is only one part of running a business. Bookkeeping and tax administration can take up significant time as well.

FYRST provides integrations designed to connect banking with accounting workflows. These include a DATEV interface for working with tax advisers and an integration with sevdesk for digital bookkeeping. FYRST also promotes automated transfer of account transactions to reduce manual work.

For entrepreneurs who want to keep their financial administration organised digitally these integrations can help connect banking and accounting processes.

Managing International Payments

Businesses increasingly work with customers suppliers and partners outside their home market.

FYRST supports international payments through its online banking services with transfers available in numerous currencies and to many countries.

This can be particularly relevant for companies involved in international trade remote services or cross-border projects.

Support for New Businesses

For someone starting a new business choosing a business account is one of the practical steps that comes early in the process.

FYRST offers a Gründerkonto or founder account aimed at entrepreneurs getting started. The account is based on FYRST COMPLETE and includes features such as 75 free monthly paperless transactions a Debit Mastercard and a BASE sub-account.

The additional sub-account can be useful for separating different financial purposes such as reserves project budgets or incoming payments.

More Than Just a Business Account

FYRST positions itself as a broader business platform rather than simply a place to hold business funds.

Alongside business accounts its current offering includes services such as cash management direct debits international payments financing options accounting connections and savings products.

This approach can be useful for businesses that want several financial tasks managed within a connected digital environment.

Security and the Deutsche Bank Connection

FYRST is an offering and business division of Deutsche Bank AG with Deutsche Bank as the contractual banking partner. FYRST states that deposits are covered by Germany's statutory deposit protection of up to €100000 per depositor with additional protection described through the German banks' deposit protection fund subject to its conditions.

For entrepreneurs choosing a digital business bank understanding who operates the banking service and what protection applies to deposits is an important part of the decision.

Why Digital Business Banking Matters

For today's entrepreneurs banking is increasingly part of a wider digital workflow.

A business owner may need to:

• Receive customer payments
• Pay suppliers and employees
• Monitor transactions
• Manage business cards
• Transfer money internationally
• Work with a tax adviser
• Organise invoices and bookkeeping
• Keep business finances separate from personal finances

Having these functions accessible through digital banking can help reduce administrative friction and keep financial information in one place.

Final Thoughts

Running a business requires attention to many details and financial administration is one of them. FYRST brings business banking digital tools and accounting integrations together in a platform designed for founders freelancers self-employed professionals and companies.

With different account models digital banking access business cards cash services accounting integrations and international payment capabilities FYRST provides businesses with a range of tools that can adapt to different stages of their development.

For entrepreneurs looking for a digital approach to everyday business banking FYRST offers an option worth exploring.