Everything About Checking Accounts With Sub-Accounts

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If you are looking for a checking account with sub-accounts, you should look for a provider that guarantees you ease of use in this regard. It is also convenient if the bank provides you with a wide range of services. In this article, you will learn which aspects you should pay attention to when looking for a current account with sub-accounts.

What Is a Sub-Account?

A sub-account is a sub-account of an existing main account. This function is available for both personal and business accounts.

If you want to create a sub-account, the first step is to open the main account. Ideally, your bank will allow you to set up sub-accounts free of charge. It is also convenient if you can manage your current account via online banking. This way you can easily register sub-accounts and activate them for certain payments.

With a sub-account you keep track of your finances and payment flows. This proves to be especially handy for entrepreneurs.
Just like the main account, the sub-account has a German IBAN. It can also be used to make SEPA transfers and receive payments.

Overnight Account vs Sub-Account: Which Should You Choose?

The call account represents another form of sub-account. Contributions to this account earn interest – in contrast to the classic sub-account. This makes the call money account ideal for saving. Also, you can dispose of the balance on the account at any time.

However, transfers and standing orders are not possible with this account. In this case, you have to transfer the funds to your current account. With a standard sub-account you have more freedom in this regard.

The type of sub-account you choose depends on your financial goals. If you primarily want to save money and receive a comparatively good interest rate, you should choose the call money account. However, keep in mind that this is not available at every bank.

However, if it is important for you to be able to make payments with your sub-account, you should choose the classic variant. In this case, it is advantageous if the sub-accounts have their own IBAN.

Opening a sub-account is quick and easy. You can set up the accounts and activate them via online banking.

What Are Pros and Cons of Sub-Accounts?

A sub-account has some advantages. However, there are also certain disadvantages associated with this type of accounts. In this chapter you will get an overview of the most important points.

For example, it is quick and easy to make transactions between a main account and a sub-account. Also, the fact that your sub-accounts often have their own IBAN proves to be practical – because this way a clear distinction between the accounts and the transactions is given.

Adapted to your financial and business structures, you can easily manage your money through sub-accounts. This also gives you a better overview of your finances.

However, if you set up too many sub-accounts, you can easily lose track of them. For this reason, it is important to have a clear online banking layout. You also need to be careful when choosing a provider. It is best to choose a bank that provides you with a sub-account free of charge. In this way, you counteract unnecessary expenses.

What Are the Differences Between the Sub-Accounts of Different Banks?

When it comes to a main account with a sub-account, there are now a number of account models to choose from. Young fintech banks in particular are happy to accommodate their target group and create user-friendly checking account models.

For example, some providers allow you to name the sub-accounts individually and provide them with images. This makes it easier for you to distinguish the sub-accounts, which is an advantage especially if you have several types of that account.

Some banks allow moving funds between the main account and the sub-account using drag-and-drop. This gives you the possibility of easy and intuitive use of the accounts.

In some companies it is obligatory to use the sub-account as a call money account. This means that the account is used exclusively for savings.


A current account with a sub-account has a number of advantages. You have an overview of your payment transactions and are more flexible when it comes to transfers and standing orders. Many banks now offer the option of opening sub-accounts. However, always inform yourself in advance about the personal requirements of the provider. This will help you find a bank that suits you.