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Updated September 28, 2026 · VaultCue Editorial Team

Airwallex vs Qonto

Airwallex scores 8.6 and Qonto 8.7 out of 10. Compare their differences and shared features below.
Airwallex

Airwallex

8.6/10
Visit
Qonto

Qonto

Higher score in this comparison

8.7/10
Visit

What sets them apart

Airwallex vs Qonto
CompareAirwallexAirwallexReviewVisitVisitQontoQontoReviewVisitVisit
Headline rate2.18% to 3.83%Higher1.5%
Minimum depositHK$0€0
Deposit protectionFSCS up to GBP 85,000EU DGS up to EUR 100,000
Access termsAirwallex Yield: no lock-up, no minimum balance, daily returns, funds settle to and from Yield balances within 2 business daysInstant access to the money, no notice period; remuneration activated in the app, calculated daily on the total balance and paid on the 2nd of each month; requires at least 5 eligible payment transactions of at least 1 EUR per month
Monthly feeHK$2,499€19
Account kindEasy accessCash management

Same on both: Rate type (Variable).

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Key differences

  • Qonto 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.
  • Headline rate is higher at Airwallex: 2.18% to 3.83% vs 1.5%.
  • Support channels: only Qonto offers Chat, Phone.

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.

Read the full Airwallex review

Qonto

Qonto suits businesses and freelancers who want their day to day banking in one app and will not chase the highest rate. The monthly fee of €19 is the trade off, and the 1.5% headline rate ranks 350 of 473 brands.

Read the full Qonto review

Score breakdown

Airwallex vs Qonto
AreaAirwallexQonto
Cost8.8A monthly fee of HKD 2,499 sits above the €449 highest fee in the comparison, offset by a HKD 0 minimum.8.8A monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0
Offer8.59.1HigherHeadline rate of 1.5% is variable and sits at 350 of 473
Trust8.5Higher8.3

Which one suits you

Pick Airwallex if headline rate matter most.

Pick Qonto if offer matter most.

Also worth a look

Finom has headline rate at 5%, against 2.18% to 3.83% for Airwallex and 1.5% for Qonto.

Finom review

Where these facts come from

Airwallex

  • airwallex.com: 7 facts, checked September 26, 2026
  • help.airwallex.com: 2 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

  • qonto.com: 9 facts, checked September 26, 2026
  • euclid.eba.europa.eu: 2 facts, checked September 26, 2026

How they place

Airwallex vs Qonto
RankingAirwallexQonto
Savings accounts3 of 14208 of 1420
Business bank accounts2 of 5635 of 563

Every fact side by side

Airwallex vs Qonto
FactAirwallexQonto
Legal entityAirwallex Capital Hong Kong LimitedQONTO
HeadquartersSingaporeFrance
Founded2015Lower2017
Support channelsEmail, Help centreChat, Phone, Email, Help centreCovers more

Money transfer

Airwallex vs Qonto
FactAirwallexQonto
Transfer feeExplore 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)
Exchange rate markup0.5% to 1%Not confirmed
Delivery timeAs little as 1 business day; 90%+ of transfers arrive same dayNot confirmed
Licence typeNot confirmedPayment institution
Payout methodsBankNot confirmed
Currenciesfrom 20from 30
Fee to send 1,000$1Not confirmed

Everyday accounts

Airwallex vs Qonto
FactAirwallexQonto
Currency conversion feeNot confirmed0.8% to 1.8%
AudienceBusinessBusiness, FreelancerCovers more
FeaturesNot confirmedDigital only
Local account detailsNot confirmedIBAN

Where each stands against the rest

Airwallex vs Qonto
FactAirwallexQontoMedian
Headline rate2.18% to 3.83%above the median1.5%lowest quarter3.25

Median across 658 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

Pros

  • Minimum deposit of €0, so the account opens without tying up money
  • Support runs on chat, phone and email
  • Currency conversion of 0.8% to 1.8% suits frequent international invoicing

Cons

  • The monthly fee of €19 makes it expensive for anyone holding a small balance
  • The account is digital only, so there is no branch to visit
  • The 1.5% rate is only paid while the transaction condition is met

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

Who it suits

  • Freelancers and sole traders billing across borders
  • Small businesses paying and receiving in several currencies
  • Anyone who wants their accounts, cards and invoices in one app

Who should look elsewhere

  • Anyone saving mainly for yield, since the 1.5% rate is variable and ranks 350 of 473
  • People who want to hold a large balance while paying nothing, given the monthly fee of €19
  • Anyone who prefers a branch, as the account is digital only

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

Current offer

  • Bonus

    Up to 5% AER account remuneration for 2 months for new customers: 5% AER for 2 months, then 1.5% AER on the Smart plan

    New customers only, first 2 months of the contract, on plans Smart and above; requires at least 5 eligible payment transactions of at least 1 EUR per month; remuneration capped at 50,000 EUR on Smart and 100,000 EUR on Premium; Account Remuneration currently available in France, Spain, Italy and the Netherlands

    Source, checked September 26, 2026

  • Free trial

    1-month free trial on business account plans: 1 month free

    Offered on the Basic, Smart and Premium business account plans, prices excl. VAT

    Source, checked September 26, 2026

Country by country

Airwallex vs Qonto
CountryAirwallexQonto
AustraliaYesNo
BrazilYesNo
BulgariaYesNo
CanadaYesNo
Cayman IslandsYesNo
ChinaYesNo
Costa RicaYesNo
CroatiaYesNo

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

How much does Qonto cost each month?+

The standard plan charges a monthly fee of €19. SEPA transfers are included up to a set monthly allowance, and each transfer beyond it carries a small fixed charge. Currency conversion adds 0.8% to 1.8% on converted payments.

Is there a minimum deposit to open a Qonto account?+

There is no minimum, and the stated minimum deposit is €0. The account can therefore be opened and funded with a small balance, which suits a new business or a first freelance invoice.

Other options to compare

Other matchups

Airwallex

Visit

Qonto

Visit