Updated September 28, 2026 · VaultCue Editorial Team
bunq vs Qonto
bunq
Higher score in this comparison
Qonto
bunq vs Qonto: the differences
| Compare | bunqReviewVisitVisit | QontoReviewVisitVisit |
|---|---|---|
| Headline rate | 3.01%Higher | 1.5% |
| Access terms | Withdraw any amount free up to 2 times a month, rising to 3 free monthly withdrawals after 12 months; interest paid weekly | 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 |
| Monthly fee | €0Lower | €19 |
| Account kind | Easy access | Cash management |
| Minimum deposit | Not confirmed | €0 |
Same on both: Rate type (Variable), Deposit protection (EU DGS up to EUR 100,000).
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
- bunq scores higher overall: 8.9 vs 8.7.
- Founded is lower at bunq: 2012 vs 2017.
- bunq is licensed in 6 more countries.
- Qonto is available in 1 more country.
- Monthly fee is lower at bunq: €0 vs €19.
- Headline rate is higher at bunq: 3.01% vs 1.5%.
- Support channels: only Qonto offers Phone.
Our verdict on each
bunq
bunq suits savers who want an easy-access euro account that costs nothing to keep and pays a variable rate with weekly interest, protected by an EU guarantee. The rate of 3.01% is solid rather than remarkable, and support runs on email, chat and help centre only.
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 | bunq | Qonto |
|---|---|---|
| Cost | 9.1HigherMonthly fee of €0 on a no monthly fee account, with a currency conversion fee of 3% on the free plan. | 8.8A monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0 |
| Offer | 9.1Rate of 3.01% that is variable, close to the savings median of 3%. | 9.1Headline rate of 1.5% is variable and sits at 350 of 473 |
| Trust | 8.7Higher | 8.3 |
The bill, worked out
10,000 saved for 12 months
bunq
€301
3.01% of 10,000 - 12 × €0
Qonto
-€78
1.5% of 10,000 - 12 × €19
bunq comes out €379 ahead.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Where they rank in our lists
| Ranking | bunq | Qonto |
|---|---|---|
| Savings accounts | 6 of 1420 | 8 of 1420 |
| Business bank accounts | 3 of 563 | 5 of 563 |
| Online banks | 3 of 402 | 5 of 402 |
Every fact side by side
| Fact | bunq | Qonto |
|---|---|---|
| Pricing model | No monthly fee | Not confirmed |
| Legal entity | bunq B.V. | QONTO |
| Headquarters | Netherlands | France |
| Founded | 2012Lower | 2017 |
| Support channels | Email, Chat, Help centre | Chat, Phone, Email, Help centreCovers more |
Everyday accounts
| Fact | bunq | Qonto |
|---|---|---|
| Licence type | Not confirmed | Payment institution |
| Currency conversion fee | 3% | 0.8% to 1.8%Lower |
| Currencies | Not confirmed | from 30 |
| Audience | Expats, Travelers, Business, Student | Business, Freelancer |
| Features | Joint account, Digital onlyCovers more | Digital only |
| Local account details | IBAN | 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 | bunq | Qonto | Median |
|---|---|---|---|
| Headline rate | 3.01%below the median | 1.5%lowest quarter | 3.25% |
| Minimum deposit | Not confirmed | €0below the median | €1 |
| Monthly fee | €0at the median | €19highest quarter | €0 |
Median across 658 listed accounts.
Pros and cons
bunq
Pros
- The monthly fee is €0 and the pricing model is no monthly fee, so keeping the account open costs nothing each month.
- Interest is paid weekly and the rate type is variable, so money keeps earning between withdrawals without a term to serve out.
- Balances are covered by EU DGS up to EUR 100,000, so there is a payout route if the provider fails.
Cons
- The rate type is variable, so the return follows the base rate and the account ranks 240 of 473 brands on the headline rate.
- Support runs on email, chat and help centre only, which leaves phone callers with a narrower route in.
- Features list joint account and digital only, so the service is digital only and there is no branch counter.
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
bunq
Who it suits
- People who want an easy-access euro account that pays interest weekly and costs nothing to hold.
- Travellers and expats, part of the expats, travelers and business bunq targets, who convert currency and want a local IBAN.
- Students and savers who value EU DGS up to EUR 100,000 over a higher rate.
Who should look elsewhere
- Anyone chasing a top fixed rate, since 24.19% at plazo pays far more.
- Customers who need a phone helpline, as support runs on email, chat and help centre only.
- Anyone wanting a branch counter, because features list joint account and digital only and the service is digital only.
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 | bunq | Qonto |
|---|---|---|
| Austria | No | Yes |
| Ireland | Yes | No |
| Portugal | No | Yes |
| Belgium | Yes | Yes |
| France | Yes | Yes |
| Germany | Yes | Yes |
| Italy | Yes | Yes |
| Netherlands | Yes | Yes |
8 of 9 countries where either is available.
Questions about each
bunq
What does bunq charge to keep a savings account?+
The monthly fee is €0 and the account is priced on a no monthly fee basis, so there is no recurring charge to keep it open. The one cost to watch when you spend abroad is currency conversion at 3% on the free plan. Interest is still paid weekly with no fee deducted.
How much interest does the account pay?+
The rate is 3.01% and the rate type is variable, so the figure follows the base rate instead of being fixed to a term. Across the savings accounts on the site, the median headline rate is 3%, which puts bunq near the middle. Interest is credited weekly rather than monthly.
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.
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