Updated September 28, 2026 · VaultCue Editorial Team
AU Small Finance Bank vs Qonto
AU Small Finance Bank
Higher score in this comparison
Qonto
Where AU Small Finance Bank and Qonto differ
| Compare | AU Small Finance BankReviewVisitVisit | QontoReviewVisitVisit |
|---|---|---|
| Headline rate | 6.75%Higher | 1.5% |
| Minimum deposit | ₹0 | €0 |
| Access terms | Zero balance account, monthly interest payouts, unlimited online payments (RTGS, NEFT, UPI, intra-bank transfer), RUPAY Platinum debit card, AU 0101 app and doorstep service | Instant 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 |
| Account kind | Easy access | Cash management |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Monthly fee | Not confirmed | €19 |
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
- AU Small Finance Bank scores higher overall: 9.4 vs 8.7.
- Founded is lower at AU Small Finance Bank: 1996 vs 2017.
- Qonto is available in 7 more countries.
- Headline rate is higher at AU Small Finance Bank: 6.75% vs 1.5%.
- Support channels: only Qonto offers Chat, Email.
Our verdict on each
AU Small Finance Bank
AU Small Finance Bank pays 6.75% on an easy access account that opens with a minimum deposit of INR 0, so it suits Indian savers who want monthly interest and a card rather than a fixed term. The bank is supervised by the Reserve Bank of India.
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.
Score breakdown
| Area | AU Small Finance Bank | Qonto |
|---|---|---|
| Cost | 9.5Higher | 8.8A monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0 |
| Offer | 9.1 | 9.1Headline rate of 1.5% is variable and sits at 350 of 473 |
| Trust | 9.4Higher | 8.3 |
The bill, worked out
10,000 saved for 12 months
AU Small Finance Bank
675
6.75% of 10,000
Qonto
150
1.5% of 10,000
AU Small Finance Bank comes out 525 higher in this example.
Excludes monthly fee (not stated by AU Small Finance Bank). Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Where these facts come from
AU Small Finance Bank
- au.bank.in: 9 facts, 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
| Ranking | AU Small Finance Bank | Qonto |
|---|---|---|
| Current and checking accounts | 6 of 885 | 1 of 885 |
| Savings accounts | 15 of 1420 | 8 of 1420 |
Every fact side by side
| Fact | AU Small Finance Bank | Qonto |
|---|---|---|
| Legal entity | AU Small Finance Bank | QONTO |
| Headquarters | India | France |
| Founded | 1996Lower | 2017 |
| Support channels | Phone, Help centre | Chat, Phone, Email, Help centreCovers more |
Everyday accounts
| Fact | AU Small Finance Bank | Qonto |
|---|---|---|
| Licence type | Not confirmed | Payment institution |
| Currency conversion fee | Not confirmed | 0.8% to 1.8% |
| Currencies | Not confirmed | from 30 |
| Audience | Not confirmed | Business, Freelancer |
| Features | Not confirmed | Digital only |
| Local account details | Not confirmed | IBAN |
| Transfer fee | Not confirmed | 30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan) |
Where each stands against the rest
| Fact | AU Small Finance Bank | Qonto | Median |
|---|---|---|---|
| Headline rate | 6.75%highest quarter | 1.5%lowest quarter | 3.25% |
| Monthly fee | Not confirmed | €19highest quarter | €0 |
Median across 658 listed accounts.
Pros and cons
AU Small Finance Bank
Pros
- The median headline rate in the savings ranking is 3.08%, and 6.75% beats it.
- INR 0 minimum deposit, ranked 1 of 370 for minimum deposit.
- A bank licence supervised by the Reserve Bank of India, with a RuPay Platinum debit card and unlimited RTGS, NEFT and UPI payments included.
Cons
- variable interest means 6.75% can move with the bank's pricing, so the opening rate is not a fixed promise.
- Help runs on phone and help centre alone, with no listed chat or email channel alongside them.
- It ranks 63 of 473 on headline rate, so 21.59% and 24.19% pay more on the same comparison.
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
AU Small Finance Bank
Who it suits
- Indian savers who want to add to the balance and draw from it without a term or notice period, given the easy access design.
- First-time savers, since the minimum deposit is INR 0 and the account ranks 1 of 370 for that measure.
- People who want a bank licence and a card in one place rather than a standalone payments wallet.
Who should look elsewhere
- Readers chasing the largest headline number here: Plazo ES shows 24.19% and AXI Card Tarjeta y Credito 21.59%.
- Anyone wanting savings held in a payments wallet instead: PayPal Colombia is the one to compare, at 3.3%.
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
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
| Country | AU Small Finance Bank | Qonto |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| France | No | Yes |
| Germany | No | Yes |
| India | Yes | No |
| Italy | No | Yes |
| Netherlands | No | Yes |
| Portugal | No | Yes |
8 of 9 countries where either is available.
Questions about each
AU Small Finance Bank
What rate does AU Small Finance Bank pay on this account?+
The digital savings account pays 6.75%, credited as monthly interest payouts rather than at maturity. The rate type is variable, so the bank can revise it over time, and the account kind is easy access. Opening and managing it runs through the AU app.
Do I need to deposit anything to open it?+
No. The minimum deposit is INR 0, and the account ranks 1 of 370 on that measure. For context, the median minimum deposit across savings accounts in the ranking sits at €0.17, so a low entry point is the norm here.
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
- Qonto vs Airwallex
- Qonto vs VaultLeap
- Qonto vs Amonatbonk
- Qonto vs Salt Bank
- Qonto vs Meow
- Qonto vs Wealthfront
- Qonto vs Wise Account
- Qonto vs Betterment
- Qonto vs Insignis Cash
- Qonto vs KDI Save
- Qonto vs NCB Jamaica
- Qonto vs Standard Chartered Bangladesh
- Qonto vs Banco Pichincha
- Qonto vs Chase UK
- Qonto vs eToro
- AU Small Finance Bank vs Finom
- Qonto vs Linxea
- Qonto vs bunq
- Qonto vs Bitpanda
- Qonto vs Skrill
- AU Small Finance Bank vs iuvoSAVE
- Qonto vs CitiBank AE
- Qonto vs Novo
- Qonto vs ICICI Bank
- Qonto vs Crew
- Qonto vs PagBank
- Qonto vs Kraken
- Qonto vs Revolut AU
- Qonto vs Revolut UK