Fortuneo review

The savings account pays a variable headline rate of 5%, above the site median of 3%. Because the rate is variable it can move, so the credited amount is not fixed in advance. Interest is credited annually.

No. The monthly fee is €0, the same as the site median of €0. Fortuneo runs a no-monthly-fee model, which is the most common model in this category on the site.

The minimum deposit is €10, so the account opens with a small balance and can be topped up later. Withdrawals are free with no fees or penalties, and savings stay accessible at any time, which suits an easy-access account.

Deposits are covered by EU DGS up to EUR 100,000. The savings account is provided by Arkea Direct Bank, a French bank registered with ACPR and ORIAS, the regulators listed for the brand, and it has operated since 2000.

The currency conversion fee is 0%, against a site median of 0.5% and an upper quartile of 2.08%. That makes Fortuneo a low-cost choice for a brand aimed at travelers, since holding or spending another currency costs less to convert.

Transfers cost 0 EUR (instant SEPA transfers free), so instant SEPA transfers are free on the account. Accounts also come with a local IBAN, the most common local detail among the brands compared, which keeps incoming euro payments straightforward.

Support runs on phone, email and chat, covering phone, email, chat and a help centre. That mix is broad for a digital-only bank, with phone and help centre the most common channels on the site.

The account is built for travelers, people who travel and spend in other currencies. A joint account is available as one of its features, alongside free ATM withdrawals for anyone who still takes out cash in the country where the bank is registered.