Updated September 28, 2026 · VaultCue Editorial Team
Current vs Qonto
Current
Higher score in this comparison
Qonto
What sets them apart
| Compare | CurrentReviewVisitVisit | QontoReviewVisitVisit |
|---|---|---|
| Headline rate | 0.25% to 4%Higher | 1.5% |
| Minimum deposit | $0.010 | €0 |
| Deposit protection | FDIC up to USD 250,000 | EU DGS up to EUR 100,000 |
| Access terms | Savings Pods accessible on demand in the mobile app, no notice period, up to three pods | 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 | $0 | €19 |
| Account kind | Easy access | Cash management |
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
- Current scores higher overall: 8.9 vs 8.7.
- Qonto is available in 7 more countries.
- Headline rate is higher at Current: 0.25% to 4% vs 1.5%.
- Support channels: only Qonto offers Phone.
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.
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 | Current | Qonto |
|---|---|---|
| Cost | 9.1HigherMonthly fees on the easy-access account run at $0, transfers cost $0 - no bank transfer fees and conversion 3%. | 8.8A monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0 |
| Offer | 8.7 | 9.1HigherHeadline rate of 1.5% is variable and sits at 350 of 473 |
| Trust | Not confirmed | 8.3 |
Availability and regulation
| Country | Current | Qonto |
|---|---|---|
| France | Not confirmed | FR_ACPR PSD_PI FR_ACPR!68677 |
| United States | NMLS 2533115 | Not confirmed |
Additional countries for Current: 1. Additional countries for Qonto: 8.
Which one suits you
Pick Current if cost and headline rate matter most.
Pick Qonto if offer matter most.
If neither fits
Finom has headline rate at 5%, against 0.25% to 4% for Current and 1.5% for Qonto.
Finom reviewWhere these facts come from
Current
- current.com: 11 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 | Current | Qonto |
|---|---|---|
| Savings accounts | 27 of 1420 | 8 of 1420 |
| Online banks | 10 of 402 | 5 of 402 |
Every fact side by side
| Fact | Current | Qonto |
|---|---|---|
| Pricing model | No monthly fee | Not confirmed |
| Legal entity | Finco Services, Inc. dba Current | QONTO |
| Headquarters | United States | France |
| Founded | Not confirmed | 2017 |
| Support channels | Chat, Email, Help centre | Chat, Phone, Email, Help centreCovers more |
Everyday accounts
| Fact | Current | Qonto |
|---|---|---|
| Licence type | Not confirmed | Payment institution |
| Currency conversion fee | 3% | 0.8% to 1.8%Lower |
| Currencies | Not confirmed | from 30 |
| Audience | Teen | Business, Freelancer |
| Features | Free ATM, Digital only, No credit checkCovers more | Digital only |
| Local account details | Us ACH | IBAN |
| Free ATM withdrawals | $0 | Not confirmed |
| Transfer fee | $0 - no bank transfer fees | 30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan) |
Where each stands against the rest
| Fact | Current | Qonto | Median |
|---|---|---|---|
| Headline rate | 0.25% to 4%above the median | 1.5%lowest quarter | 3.25 |
Median across 658 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
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
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
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
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
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 | Current | Qonto |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| France | No | Yes |
| Germany | No | Yes |
| Italy | No | Yes |
| Netherlands | No | Yes |
| Portugal | No | Yes |
| Spain | No | Yes |
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
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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