Updated October 17, 2026 · VaultCue Editorial Team
ICICI Bank vs Qonto
ICICI Bank
Higher score in this comparison
Qonto
Where ICICI Bank and Qonto differ
| Compare | ICICI BankReviewVisitVisit | QontoReviewVisitVisit |
|---|---|---|
| Currencies | 6 | from 30 |
| Transfer fee | 0 above USD 1,000; USD 4 below USD 1,000 | 30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan) |
| Monthly fee | Not confirmed | €19 |
| Licence type | Not confirmed | Payment institution |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Currency conversion fee | Not confirmed | 0.8% to 1.8% |
| Local account details | Not confirmed | IBAN |
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Key differences
- ICICI Bank scores higher overall: 9.2 vs 8.7.
- Founded is lower at ICICI Bank: 1994 vs 2017.
- Qonto is available in 7 more countries.
- Support channels: only Qonto offers Email.
Our verdict on each
ICICI Bank
ICICI Bank is an Indian bank known for combining everyday savings with loans, cards, insurance and investments. It suits people who want one banking relationship for personal, business, corporate or non resident needs rather than a standalone account.
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 | ICICI Bank | Qonto |
|---|---|---|
| Cost | Not confirmed | 8.8A monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0 |
| Offer | 9.2Higher | 9.1Headline rate of 1.5% is variable and sits at 350 of 473 |
| Trust | 9.2Higher | 8.3 |
Where they rank in our lists
| Ranking | ICICI Bank | Qonto |
|---|---|---|
| Current and checking accounts | 9 of 885 | 1 of 885 |
| Savings accounts | 19 of 1420 | 8 of 1420 |
Licences and countries
| Country | ICICI Bank | Qonto |
|---|---|---|
| France | Not confirmed | FR_ACPR PSD_PI FR_ACPR!68677 |
Additional countries for ICICI Bank: 1. Additional countries for Qonto: 8.
Sources behind this comparison
ICICI Bank
- icici.bank.in: 4 facts, checked September 26, 2026
- icicibank.com: 1 fact, checked September 26, 2026
- money2india.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
| Fact | ICICI Bank | Qonto |
|---|---|---|
| Audience | Not confirmed | Business, Freelancer |
| Features | Not confirmed | Digital only |
| Legal entity | ICICI Bank Limited | QONTO |
| Headquarters | India | France |
| Founded | 1994Lower | 2017 |
| Support channels | Phone, Help centre, Chat | Chat, Phone, Email, Help centreCovers more |
Savings
| Fact | ICICI Bank | Qonto |
|---|---|---|
| Headline rate | 2.5%Higher | 1.5% |
| Rate type | Variable | Variable |
| Minimum deposit | ₹2,500 to ₹15,000 | €0 |
| Access terms | Easy access to funds: cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS | 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 |
| Account kind | Easy access | Cash management |
Money transfer
| Fact | ICICI Bank | Qonto |
|---|---|---|
| Delivery time | Express within 4 hours; E-Transfer within 5 business days; Power Transfer within 1 business day | Not confirmed |
| Payout methods | Bank | Not confirmed |
| Fee to send 1,000 | $0 | Not confirmed |
Where each stands against the rest
| Fact | ICICI Bank | Qonto | Median |
|---|---|---|---|
| Monthly fee | Not confirmed | €19highest quarter | €0 |
| Currency conversion fee | Not confirmed | 0.8% to 1.8%above the median | 0.5 |
| Currencies | 6above the median | from 30highest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
ICICI Bank
Pros
- Covers personal, business, corporate and non resident banking together
- Wide savings choice includes family, professional and non resident options
- Combines accounts with loans, cards, insurance and investments
Cons
- India centred focus limits relevance for banking in other markets
- Broad personal, business and corporate range can feel complex
- Account choice spans many specialist types to work through
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
ICICI Bank
Who it suits
- People managing personal savings alongside wider financial needs
- Non residents and returning expatriates with Indian banking needs
- Businesses and corporates seeking accounts and related services
Who should look elsewhere
- People wanting everyday banking outside India
- People wanting an account without wider banking products
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 | ICICI Bank | Qonto |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| France | No | Yes |
| Germany | No | Yes |
| India | Yes | No |
| Italy | No | Yes |
| Netherlands | No | Yes |
| Portugal | No | Yes |
8 of 9 countries where either is available.
Questions about each
ICICI Bank
Who can open an account with ICICI Bank?+
ICICI Bank covers personal, business, corporate and non resident banking. Savings accounts include options for families organised as HUFs, doctors, and returning expatriates, alongside non resident account types.
Which countries and customers does ICICI Bank serve?+
ICICI Bank serves personal customers, businesses, corporates and non residents with links to India. Its services include accounts for resident customers, returning expatriates and non residents managing banking connected to India.
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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