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Updated September 28, 2026 · VaultCue Editorial Team

Bancolombia vs Qonto

Bancolombia scores 9.7 and Qonto 8.7 out of 10. Compare their differences and shared features below.
Qonto

Qonto

8.7/10
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Bancolombia

Bancolombia

Higher score in this comparison

9.7/10
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Where Bancolombia and Qonto differ

Bancolombia vs Qonto
CompareBancolombiaBancolombiaReviewSee alternativesSee alternativesQontoQontoReviewVisitVisit
Monthly feeCOP 18,050€19
Currencies9from 30
Transfer feeNo fee for receiving a remittance30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan)
Licence typeNot confirmedPayment institution
Deposit protectionNot confirmedEU DGS up to EUR 100,000
Currency conversion feeNot confirmed0.8% to 1.8%
Local account detailsNot confirmedIBAN

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

  • Bancolombia scores higher overall: 9.7 vs 8.7.
  • Founded is lower at Bancolombia: 1945 vs 2017.
  • Qonto is available in 7 more countries.
  • Support channels: only Bancolombia offers Community.
  • Support channels: only Qonto offers Chat.

Our verdict on each

Bancolombia

Bancolombia suits people banking in Colombia who want everyday access without a monthly charge, and its savings rate sits well below the 3% across savings accounts here. The catch is that a monthly charge can still apply, and the rate is variable, so income can move under you.

Read the full Bancolombia 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

Bancolombia vs Qonto
AreaBancolombiaQonto
CostNot confirmed8.8A monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0
Offer9.6Higher9.1Headline rate of 1.5% is variable and sits at 350 of 473
Trust9.7Higher8.3

How they place

Bancolombia vs Qonto
RankingBancolombiaQonto
Current and checking accounts24 of 8851 of 885
Savings accounts44 of 14208 of 1420

Every fact side by side

Bancolombia vs Qonto
FactBancolombiaQonto
AudienceNot confirmedBusiness, Freelancer
Pricing modelNo monthly feeNot confirmed
FeaturesNot confirmedDigital only
Legal entityBancolombia S.A.QONTO
HeadquartersColombiaFrance
Founded1945Lower2017
Support channelsPhone, Help centre, Email, CommunityChat, Phone, Email, Help centre

Savings

Bancolombia vs Qonto
FactBancolombiaQonto
Headline rate0.05%1.5%Higher
Rate typeVariableVariable
Minimum depositCOP 0€0
Access termsMove money from $0 and withdraw at more than 33,000 ATMs and banking correspondentsInstant 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 kindEasy accessCash management

Money transfer

Bancolombia vs Qonto
FactBancolombiaQonto
Payout methodsBank, WalletNot confirmed
Fee to send 1,000COP 0Not confirmed

Where each stands against the rest

Bancolombia vs Qonto
FactBancolombiaQontoMedian
Currency conversion feeNot confirmed0.8% to 1.8%above the median0.5
Currencies9above the medianfrom 30highest quarter5

Median across 536 listed accounts.

Pros and cons

Bancolombia

Pros

  • Access terms let you move money from COP 0 and withdraw at ATMs and banking correspondents
  • Most accounts carry no monthly charge, and the common monthly fee across the site is €0
  • Support runs on phone, help centre and email, so phone, help centre, email and a community forum are all available

Cons

  • A monthly charge of COP 18,050 applies to some accounts despite the no monthly charge model
  • A variable rate of 0.05% is below the 3% typical of savings accounts here
  • Currencies are limited to 9 on international transfers, against a 350 maximum across the site

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

Bancolombia

Who it suits

  • Colombian households paying day to day and paying in cash often
  • People who bank mainly locally rather than holding many currencies
  • Anyone receiving money from abroad, since remittances carry no fee

Who should look elsewhere

  • Savers chasing the top rate, since a variable 0.05% trails the 3% site median
  • People holding many currencies, because transfers cover 9
  • Anyone who wants a guaranteed rate, since the savings rate is variable

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

Bancolombia vs Qonto
CountryBancolombiaQonto
AustriaNoYes
BelgiumNoYes
ColombiaYesNo
FranceNoYes
GermanyNoYes
ItalyNoYes
NetherlandsNoYes
PortugalNoYes

8 of 9 countries where either is available.

Questions about each

Bancolombia

Is there a monthly charge on a Bancolombia account?+

Most accounts sit in the no monthly charge model, and the site median monthly fee is €0. Some accounts do carry a monthly charge of COP 18,050, so check the tariff attached to the account you open before you rely on it being free.

What interest does the savings account pay?+

The savings account pays a headline rate of 0.05% and the rate type is variable. The rate can move, so the amount you earn is not fixed for the life of the account, and it sits below the 3% median for savings accounts on the site.

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

Qonto

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Bancolombia

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