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Updated September 28, 2026 · VaultCue Editorial Team

Chase UK vs Qonto

Chase UK scores 9.6 and Qonto 8.7 out of 10. Compare their differences and shared features below.
Qonto

Qonto

8.7/10
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Chase UK

Chase UK

Higher score in this comparison

9.6/10
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Chase UK vs Qonto: the differences

Chase UK vs Qonto
CompareChase UKChase UKReviewSee alternativesSee alternativesQontoQontoReviewVisitVisit
Monthly fee£0€19
Deposit protectionFSCS up to GBP 85,000EU DGS up to EUR 100,000
Currency conversion fee0%Lower0.8% to 1.8%
Licence typeNot confirmedPayment institution
CurrenciesNot confirmedfrom 30
Local account detailsNot confirmedIBAN
Transfer feeNot confirmed30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan)

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

  • Chase UK scores higher overall: 9.6 vs 8.7.
  • Qonto is available in 7 more countries.
  • Currency conversion fee is lower at Chase UK: 0% vs 0.8% to 1.8%.
  • Features: only Chase UK offers No credit check.

Our verdict on each

Chase UK

Chase UK suits people who want a current account and savings in one app, with a monthly fee of £0 and a currency conversion fee of 0%. The saver pays 2.25% at a variable rate with easy access, and a Chase current account is required to hold it.

Read the full Chase UK 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

Chase UK vs Qonto
AreaChase UKQonto
Cost9.4HigherMonthly fee of £0 and currency conversion fee of 0% rank first of 500 and 312 brands.8.8A monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0
Offer9.8Higher9.1Headline rate of 1.5% is variable and sits at 350 of 473
TrustNot confirmed8.3

Where they rank in our lists

Chase UK vs Qonto
RankingChase UKQonto
Savings accounts50 of 14208 of 1420
Online banks15 of 4025 of 402

Availability and regulation

Chase UK vs Qonto
CountryChase UKQonto
FranceNot confirmed
FR_ACPR PSD_PI FR_ACPR!68677

Additional countries for Chase UK: 1. Additional countries for Qonto: 8.

Where these facts come from

Chase UK

  • chase.co.uk: 6 facts, checked September 26, 2026
  • top8neobanks.com: 1 fact, checked September 26, 2026

Qonto

  • qonto.com: 10 facts, checked September 26, 2026
  • euclid.eba.europa.eu: 3 facts, checked September 26, 2026

Every fact side by side

Chase UK vs Qonto
FactChase UKQonto
AudienceNot confirmedBusiness, Freelancer
Pricing modelNo monthly fee, Low FXNot confirmed
FeaturesDigital only, No credit checkCovers moreDigital only
Legal entityJ.P. Morgan Europe LimitedQONTO
HeadquartersUnited KingdomFrance
FoundedNot confirmed2017
Support channelsChat, Phone, Email, Help centreChat, Phone, Email, Help centre

Savings

Chase UK vs Qonto
FactChase UKQonto
Headline rate2.25%Higher1.5%
Rate typeVariableVariable
Minimum deposit£0€0
Access termsEasy access; on-demand withdrawals, no notice period, up to 10 saver accounts, GBP 25,000 max daily external transfer; Chase current account requiredInstant 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

Where each stands against the rest

Chase UK vs Qonto
FactChase UKQontoMedian
Currency conversion fee0%below the median0.8% to 1.8%above the median0.5%
CurrenciesNot confirmedfrom 30highest quarter5

Median across 536 listed accounts.

Pros and cons

Chase UK

Pros

  • No monthly fee on the current account, at £0
  • Currency conversion fee of 0%, first of 312 brands
  • Savings pays 2.25% at a variable rate, variable, with easy access and no notice period

Cons

  • The savings account needs a Chase current account, so it cannot stand alone
  • The saver rate is variable, so it moves with the Bank Rate and is not locked in
  • Support runs through chat, phone and email only, and the service is digital-only

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

Chase UK

Who it suits

  • People in the UK who want one app for current account and savings
  • Savers who want easy access rather than a fixed term
  • Anyone who spends in other currencies and wants a low conversion fee

Who should look elsewhere

  • Anyone wanting a standalone savings account, since a Chase current account is required
  • Savers who want a fixed rate, since the rate is variable
  • People who prefer in-person service, since 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

Chase UK vs Qonto
CountryChase UKQonto
AustriaNoYes
BelgiumNoYes
FranceNoYes
GermanyNoYes
ItalyNoYes
NetherlandsNoYes
PortugalNoYes
SpainNoYes

8 of 9 countries where either is available.

Questions about each

Chase UK

What does Chase UK cost to run?+

The current account carries a monthly fee of £0, so day to day banking costs nothing in fees. The currency conversion fee is 0%, ranking first of 312 brands. There is no separate charge listed for the savings account either.

How is my money protected?+

Deposits sit under the FSCS up to GBP 85,000. The account is provided by J.P. Morgan Europe Limited, which is headquartered in the United Kingdom. The same legal entity backs both the current account and the saver, so that protection figure applies across the relationship.

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

Visit

Chase UK

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