Updated September 28, 2026 · VaultCue Editorial Team
Airwallex vs Qonto Portugal Business Account
Airwallex
Qonto Portugal Business Account
Higher score in this comparison
Airwallex vs Qonto Portugal Business Account: the differences
| Compare | AirwallexReviewVisitVisit | Qonto Portugal Business AccountReviewVisitVisit |
|---|---|---|
| Monthly fee | HK$2,499 | €9 |
| Deposit protection | FSCS up to GBP 85,000 | EU DGS up to EUR 100,000 |
| Currencies | from 20 | from 30 |
| Transfer fee | Explore plan: $0 domestic (US/Canada) local transfer, $1-$7 per international local transfer, $15 SWIFT (SHA), $25 SWIFT (OUR) | 30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan) |
| Licence type | Not confirmed | Payment institution |
| Currency conversion fee | Not confirmed | 0.8% to 1.8% |
| Local account details | Not confirmed | IBAN |
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Key differences
- Qonto Portugal Business Account scores higher overall: 8.7 vs 8.6.
- Founded is lower at Airwallex: 2015 vs 2017.
- Airwallex is licensed in 4 more countries.
- Airwallex is available in 61 more countries.
- Support channels: only Qonto Portugal Business Account offers Chat, Phone.
- Audience: only Qonto Portugal Business Account offers Freelancer.
Our verdict on each
Airwallex
Airwallex Yield suits businesses that want idle operating cash to earn a variable rate without tying it up. The Hong Kong account charges a monthly fee of HKD 2,499 on top of a 2.18% to 3.83% rate, and the account is easy access, so the balance stays reachable.
Qonto Portugal Business Account
Qonto Portugal Business Account suits small businesses and freelancers who want a euro account with reach into many currencies and EU deposit protection. The trade-off is the €9 monthly fee, against €0 at XTB and €0 at AXI Card every month.
Score breakdown
| Area | Airwallex | Qonto Portugal Business Account |
|---|---|---|
| Cost | 8.8HigherA monthly fee of HKD 2,499 sits above the €449 highest fee in the comparison, offset by a HKD 0 minimum. | 8.5It charges a monthly fee of €9 where €0 is the norm on the site, offset by conversion fees of 0.8% to 1.8%. |
| Offer | 8.5 | 9.5Higher |
| Trust | 8.5Higher | 8.3 |
Positions in our rankings
| Ranking | Airwallex | Qonto Portugal Business Account |
|---|---|---|
| Business bank accounts | 2 of 563 | 6 of 563 |
What we checked
Airwallex
- airwallex.com: 7 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
- register.fca.org.uk: 1 fact, checked September 26, 2026
Qonto Portugal Business Account
- qonto.com: 10 facts, checked September 26, 2026
- euclid.eba.europa.eu: 3 facts, checked September 26, 2026
Every fact side by side
| Fact | Airwallex | Qonto Portugal Business Account |
|---|---|---|
| Audience | Business | Business, FreelancerCovers more |
| Features | Not confirmed | Digital only |
| Legal entity | Airwallex Capital Hong Kong Limited | QONTO |
| Headquarters | Singapore | France |
| Founded | 2015Lower | 2017 |
| Support channels | Email, Help centre | Chat, Phone, Email, Help centreCovers more |
Money transfer
| Fact | Airwallex | Qonto Portugal Business Account |
|---|---|---|
| Exchange rate markup | 0.5% to 1% | Not confirmed |
| Delivery time | As little as 1 business day; 90%+ of transfers arrive same day | Not confirmed |
| Payout methods | Bank | Not confirmed |
| Fee to send 1,000 | $1 | Not confirmed |
Where each stands against the rest
| Fact | Airwallex | Qonto Portugal Business Account | Median |
|---|---|---|---|
| Currency conversion fee | Not confirmed | 0.8% to 1.8%above the median | 0.5 |
| Currencies | from 20highest quarter | from 30highest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
Airwallex
Pros
- Airwallex Yield has no lock-up and no minimum balance, with returns added daily and a short settlement window on and off the balance
- A variable rate of 2.18% to 3.83% with a minimum deposit of HKD 0
- Exchange rate margins of 0.5% to 1% sit under the 2.08% upper quartile for money services here
Cons
- A monthly fee of HKD 2,499 sits well above the €449 highest fee among the business accounts compared
- Support runs on email and help centre only
- The rate is variable, so the return can move rather than being locked in for a term
Qonto Portugal Business Account
Pros
- The account covers from 30 currencies, well above the 5 seen across the site.
- Deposits sit under EU DGS up to EUR 100,000, so the working balance stays inside the EU guarantee.
- Support runs on chat, phone and email, including a phone line for urgent payment problems.
Cons
- The €9 monthly fee is the cost rivals skip, with XTB at €0 and AXI Card at €0.
- Currency conversion costs of 0.8% to 1.8% apply to any payment made outside the euro zone.
- The account is digital only, so there is no branch counter and no paper trail outside the app.
Who each suits
Airwallex
Who it suits
- Businesses that keep spare cash in a easy access account and want a return without a lock-up
- Companies paying and collecting across borders, with from 20 currencies supported and margins of 0.5% to 1%
Who should look elsewhere
- Not for anyone after a card balance rate: AXI Card Tarjeta y Credito lists 21.59% and Plazo ES lists 24.19%, far above the 2.18% to 3.83% on business cash here
- Not for a consumer wallet: PayPal Colombia lists 3.3%, while this account is built for business customers with a HKD 2,499 monthly fee
Qonto Portugal Business Account
Who it suits
- Businesses and freelancers, the audiences the account is built for, billing in euros.
- Companies with customers in several markets, since the account covers from 30 currencies.
- Finance teams that want deposit cover in the same account they pay suppliers from, under EU DGS up to EUR 100,000.
Who should look elsewhere
- XTB, when the monthly fee decides it: XTB lists €0 and this account charges €9.
- AXI Card, for the same reason, with a monthly fee of €0 against €9 here.
- Skrill, if a wallet balance fits the money flow better than a business account carrying €9 a month and 0.8% to 1.8% on conversion.
Current offers
Airwallex
Current offer
Bonus
Limited offer - business rewards with Airwallex AI: Up to HK$68,888
Hong Kong site offer banner linking to the 2026 Airwallex AI rewards campaign page
Source, checked September 26, 2026
Qonto Portugal Business Account
Current offer
Free trial
1-month free trial: 1 month free
Offered on the self-employed Basic, Smart and Premium plans; prices shown are monthly equivalents on an annual plan
Source, checked September 26, 2026
Bonus
Account remuneration: boosted rate for 2 months: 5% AER for 2 months, then 1.5% AER
Smart and Premium plans; requires at least 5 eligible transactions per month; balance cap EUR 50,000 (Smart) or EUR 100,000 (Premium)
Source, checked September 26, 2026
Country by country
| Country | Airwallex | Qonto Portugal Business Account |
|---|---|---|
| Australia | Yes | No |
| Brazil | Yes | No |
| Bulgaria | Yes | No |
| Canada | Yes | No |
| Cayman Islands | Yes | No |
| China | Yes | No |
| Costa Rica | Yes | No |
| Croatia | Yes | No |
8 of 69 countries where either is available.
Questions about each
Airwallex
What rate does the balance earn?+
Airwallex Yield pays a variable rate, currently 2.18% to 3.83%. The account kind is easy access, so the money is not tied to a term. Returns are added daily, and funds settle to and from Yield balances over a short settlement window.
Is there a minimum deposit or a lock-up?+
There is no lock-up and no minimum balance, and the stated minimum deposit is HKD 0. That makes the balance easy to try with a small sum and easy to top up or draw on. Cash moves to and from Yield balances across a short settlement window rather than on a fixed term.
Qonto Portugal Business Account
What does the account cost each month?+
The account carries a monthly fee of €9 on the Basic plan. Payment activity adds to it: transfers beyond the included bundle each carry a flat charge. Budget for the fee as the baseline cost of keeping the account open.
What do extra SEPA transfers cost?+
On the Basic plan a bundle of SEPA transfers is included each month, and every transfer after that is charged at a flat rate per transaction. The monthly fee of €9 does not cover extra payment volume, so busy months cost more than the headline price.
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