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Updated September 28, 2026 · VaultCue Editorial Team

Current vs Qonto Portugal Business Account

Current scores 8.9 and Qonto Portugal Business Account 8.7 out of 10. Compare their differences and shared features below.
Current

Current

Higher score in this comparison

8.9/10
Visit
Qonto Portugal Business Account

Qonto Portugal Business Account

8.7/10
Visit

Current vs Qonto Portugal Business Account: the differences

Current vs Qonto Portugal Business Account
CompareCurrentCurrentReviewVisitVisitQonto Portugal Business AccountQonto Portugal Business AccountReviewVisitVisit
Monthly fee$0€9
Deposit protectionFDIC up to USD 250,000EU DGS up to EUR 100,000
Currency conversion fee3%0.8% to 1.8%Lower
Local account detailsUs ACHIBAN
Transfer fee$0 - no bank transfer fees30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan)
Licence typeNot confirmedPayment institution
CurrenciesNot confirmedfrom 30
Free ATM withdrawals$0Not confirmed

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

  • Current scores higher overall: 8.9 vs 8.7.
  • Qonto Portugal Business Account is available in 7 more countries.
  • Currency conversion fee is lower at Qonto Portugal Business Account: 0.8% to 1.8% vs 3%.
  • Local account details: only Current offers Us ACH.
  • Local account details: only Qonto Portugal Business Account offers IBAN.
  • Support channels: only Qonto Portugal Business Account offers Phone.
  • Audience: only Current offers Teen.
  • Audience: only Qonto Portugal Business Account offers Business, Freelancer.
  • Features: only Current offers Free ATM, No credit check.

Our verdict on each

Current

Current is a set-aside account for a teen in the US who wants a pot they can reach from the phone. The minimum deposit is $0.01 and the variable rate runs 0.25% to 4%, so the pay on savings can move as the provider adjusts it.

Read the full Current review

Qonto Portugal Business Account

Qonto Portugal Business Account suits small businesses and freelancers who want a euro account with reach into many currencies and EU deposit protection. The trade-off is the €9 monthly fee, against €0 at XTB and €0 at AXI Card every month.

Read the full Qonto Portugal Business Account review

Score breakdown

Current vs Qonto Portugal Business Account
AreaCurrentQonto Portugal Business Account
Cost9.1HigherMonthly fees on the easy-access account run at $0, transfers cost $0 - no bank transfer fees and conversion 3%.8.5It charges a monthly fee of €9 where €0 is the norm on the site, offset by conversion fees of 0.8% to 1.8%.
Offer8.79.5Higher
TrustNot confirmed8.3

Positions in our rankings

Current vs Qonto Portugal Business Account
RankingCurrentQonto Portugal Business Account
Online banks10 of 4026 of 402

Spending 1,000 abroad

Current

30

3% of 1,000

Qonto Portugal Business Account

8 to 18

0.8% to 1.8% of 1,000

Qonto Portugal Business Account comes out 22 lower in this example.

Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.

What we checked

Current

  • current.com: 12 facts, checked September 26, 2026

Qonto Portugal Business Account

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

Every fact side by side

Current vs Qonto Portugal Business Account
FactCurrentQonto Portugal Business Account
AudienceTeenBusiness, Freelancer
Pricing modelNo monthly feeNot confirmed
FeaturesFree ATM, Digital only, No credit checkCovers moreDigital only
Legal entityFinco Services, Inc. dba CurrentQONTO
HeadquartersUnited StatesFrance
FoundedNot confirmed2017
Support channelsChat, Email, Help centreChat, Phone, Email, Help centreCovers more

Where each stands against the rest

Current vs Qonto Portugal Business Account
FactCurrentQonto Portugal Business AccountMedian
Currency conversion fee3%highest quarter0.8% to 1.8%above the median0.5%
CurrenciesNot confirmedfrom 30highest quarter5
Free ATM withdrawals$0at the medianNot confirmed$0

Median across 536 listed accounts.

Pros and cons

Current

Pros

  • Deposits are covered by FDIC up to USD 250,000, which is the detail a new saver should check.
  • The stated audience is teen, and the account kind is easy access.
  • Pods open on demand in the mobile app with no notice period, so a set-aside stays flexible.

Cons

  • The 0.25% to 4% range has a low floor, so a pod can earn very little for stretches.
  • Support runs on chat, email and help centre, so there is no phone line for urgent questions.
  • Currency conversion costs 3%, which makes it a weak base for holding travel money.

Qonto Portugal Business Account

Pros

  • The account covers from 30 currencies, well above the 5 seen across the site.
  • Deposits sit under EU DGS up to EUR 100,000, so the working balance stays inside the EU guarantee.
  • Support runs on chat, phone and email, including a phone line for urgent payment problems.

Cons

  • The €9 monthly fee is the cost rivals skip, with XTB at €0 and AXI Card at €0.
  • Currency conversion costs of 0.8% to 1.8% apply to any payment made outside the euro zone.
  • The account is digital only, so there is no branch counter and no paper trail outside the app.

Who each suits

Current

Who it suits

  • A teen in the US starting to set money aside, since the stated audience is teen.
  • Anyone happy to manage saving in the app, since pods run on demand with no notice period.
  • US savers paid in dollars, with transfers moving over us ach.

Who should look elsewhere

  • Plazo ES, whose headline rate of 24.19% sits well above the 0.25% to 4% range here.
  • AXI Card Tarjeta y Credito, listed at 21.59% if a higher headline number is the goal.
  • PayPal Colombia, listed at 3.3%, for anyone shopping only on the headline rate.

Qonto Portugal Business Account

Who it suits

  • Businesses and freelancers, the audiences the account is built for, billing in euros.
  • Companies with customers in several markets, since the account covers from 30 currencies.
  • Finance teams that want deposit cover in the same account they pay suppliers from, under EU DGS up to EUR 100,000.

Who should look elsewhere

  • XTB, when the monthly fee decides it: XTB lists €0 and this account charges €9.
  • AXI Card, for the same reason, with a monthly fee of €0 against €9 here.
  • Skrill, if a wallet balance fits the money flow better than a business account carrying €9 a month and 0.8% to 1.8% on conversion.

Current offers

Current

Current offer

  • Bonus

    1% cash back on eligible Build Card purchases: 1% cash back

    To earn Points you must receive at least one Eligible Payroll Deposit of at least $200 over a 35-day period and make Build Card purchases at retailers whose merchant code is in the selected categories in the app; points expire 365 days after they settle

    Source, checked September 26, 2026

Qonto Portugal Business Account

Current offer

  • Free trial

    1-month free trial: 1 month free

    Offered on the self-employed Basic, Smart and Premium plans; prices shown are monthly equivalents on an annual plan

    Source, checked September 26, 2026

  • Bonus

    Account remuneration: boosted rate for 2 months: 5% AER for 2 months, then 1.5% AER

    Smart and Premium plans; requires at least 5 eligible transactions per month; balance cap EUR 50,000 (Smart) or EUR 100,000 (Premium)

    Source, checked September 26, 2026

Country by country

Current vs Qonto Portugal Business Account
CountryCurrentQonto Portugal Business Account
AustriaNoYes
BelgiumNoYes
FranceNoYes
GermanyNoYes
ItalyNoYes
NetherlandsNoYes
PortugalNoYes
SpainNoYes

8 of 9 countries where either is available.

Questions about each

Current

What does it cost to run a Current account?+

The monthly fee is $0 and the model is no monthly fee, so there is no standing charge to watch. Bank transfers are listed as $0 - no bank transfer fees. The cost that does apply is currency conversion at 3%, which matters if money is held or spent in another currency.

How do I move money in and out?+

Transfers run over us ach, so money moves through the US system. Bank transfers carry $0 - no bank transfer fees, and the minimum deposit is $0.01, so a small transfer is enough to open a pod and add to it later.

Qonto Portugal Business Account

What does the account cost each month?+

The account carries a monthly fee of €9 on the Basic plan. Payment activity adds to it: transfers beyond the included bundle each carry a flat charge. Budget for the fee as the baseline cost of keeping the account open.

What do extra SEPA transfers cost?+

On the Basic plan a bundle of SEPA transfers is included each month, and every transfer after that is charged at a flat rate per transaction. The monthly fee of €9 does not cover extra payment volume, so busy months cost more than the headline price.

Other options to compare

Other matchups

Current

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Qonto Portugal Business Account

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