Updated September 28, 2026 · VaultCue Editorial Team
PagBank vs Qonto
PagBank
Higher score in this comparison
Qonto
Where PagBank and Qonto differ
| Compare | PagBankReviewVisitVisit | QontoReviewVisitVisit |
|---|---|---|
| Monthly fee | R$0 to R$75 | €19 |
| Currency conversion fee | 5% | 0.8% to 1.8%Lower |
| Transfer fee | Free (unlimited TED and Pix to any bank) | 30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan) |
| Licence type | Not confirmed | Payment institution |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Currencies | Not confirmed | from 30 |
| Local account details | Not confirmed | IBAN |
| Free ATM withdrawals | R$0 | Not confirmed |
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Key differences
- PagBank scores higher overall: 8.9 vs 8.7.
- Founded is lower at PagBank: 2006 vs 2017.
- Qonto is available in 7 more countries.
- Currency conversion fee is lower at Qonto: 0.8% to 1.8% vs 5%.
- Features: only PagBank offers Free ATM, No credit check.
Our verdict on each
PagBank
PagBank suits Brazilian businesses and freelancers who want a free everyday account with instant Pix payouts and a savings option on the side.
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 | PagBank | Qonto |
|---|---|---|
| Cost | 8.6Cost score rests on BRL 0 to BRL 75 monthly charges, BRL 0 for cash withdrawals and 5% for card conversion. | 8.8HigherA monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0 |
| Offer | 9.2HigherOffer score rests on variable savings, Daily liquidity, redeem whenever you want and payouts to bank and wallet. | 9.1Headline rate of 1.5% is variable and sits at 350 of 473 |
| Trust | 8.8Higher | 8.3 |
Where they rank in our lists
| Ranking | PagBank | Qonto |
|---|---|---|
| Savings accounts | 28 of 1420 | 8 of 1420 |
| Business bank accounts | 16 of 563 | 5 of 563 |
| Accounts for freelancers | 9 of 130 | 2 of 130 |
| Online banks | 11 of 402 | 5 of 402 |
Licences and countries
| Country | PagBank | Qonto |
|---|---|---|
| France | Not confirmed | FR_ACPR PSD_PI FR_ACPR!68677 |
Additional countries for PagBank: 1. Additional countries for Qonto: 8.
Spending 1,000 abroad
PagBank
50
5% of 1,000
Qonto
8 to 18
0.8% to 1.8% of 1,000
Qonto comes out 42 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.
Choosing between them
Pick PagBank if trust matter most.
Pick Qonto if currency conversion fee matter most.
Where these facts come from
PagBank
- pagbank.com.br: 10 facts, checked September 26, 2026
- faq.pagbank.com.br: 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 | PagBank | Qonto |
|---|---|---|
| Audience | Business, Freelancer | Business, Freelancer |
| Pricing model | No monthly fee | Not confirmed |
| Features | Free ATM, Digital only, No credit checkCovers more | Digital only |
| Legal entity | PAGSEGURO INTERNET INSTITUIÇÃO DE PAGAMENTO S/A | QONTO |
| Headquarters | Brazil | France |
| Founded | 2006Lower | 2017 |
| Support channels | Email, Phone, Help centre, Chat | Chat, Phone, Email, Help centre |
Savings
| Fact | PagBank | Qonto |
|---|---|---|
| Headline rate | Not confirmed | 1.5% |
| Rate type | Variable | Variable |
| Minimum deposit | R$1 | €0 |
| Access terms | Daily liquidity, redeem whenever you want | 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 | PagBank | Qonto |
|---|---|---|
| Delivery time | Within minutes: cross-border payouts cleared in minutes to Pix or a PagBank account; Pix transfers instant 24/7 | Not confirmed |
| Payout methods | Bank, Wallet | Not confirmed |
| Fee to send 1,000 | R$0 | Not confirmed |
Where each stands against the rest
| Fact | PagBank | Qonto | Median |
|---|---|---|---|
| Currency conversion fee | 5%highest quarter | 0.8% to 1.8%above the median | 0.5% |
| Currencies | Not confirmed | from 30highest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
PagBank
Pros
- Transfers to any bank are Free (unlimited TED and Pix to any bank), which covers both Pix and TED.
- Cash access carries an allowance of BRL 0, so withdrawals do not add to the bill.
- Payouts reach bank and wallet, and cross-border money clears in minutes to Pix or a PagBank account.
Cons
- Currency conversion on the card costs 5%, which ranks 304 of 312 and sits above the site median of 0.5%.
- The service is digital-only, as free atm, digital only and no credit check shows, so it suits people comfortable running money from an app.
- Savings pay a variable rate, so returns can move.
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
PagBank
Who it suits
- Brazilian sole traders and small companies that bill and pay in Pix
- Freelancers who want an everyday account with an easy access CDB alongside
- Anyone happy to manage the account from a phone
Who should look elsewhere
- Skrill, if a wallet outside Brazil fits better: its monthly fee is €0
- Plazo ES, if a Spanish product suits you instead: its monthly fee is €0
- PayPal Colombia, if a wallet for cross-border online payments is the job: its monthly fee is $0
Qonto
Who it suits
- Freelancers and sole traders billing across borders
- Small businesses paying and receiving in several currencies
- Anyone who wants their accounts, cards and invoices in one app
Who should look elsewhere
- Anyone saving mainly for yield, since the 1.5% rate is variable and ranks 350 of 473
- People who want to hold a large balance while paying nothing, given the monthly fee of €19
- Anyone who prefers a branch, as the account is digital only
Current offers
PagBank
Current offer
Discount code
Taxa 0% para novos clientes (0% merchant rate on card readers): 0%
New customers of the Conta PJ PagBank; card reader without rental fee
Source, checked September 26, 2026
Discount code
Moderninha ProFit com 90% off (Super Max): R$ 83,88 à vista (12x de R$ 6,99)
Super Max plan; promotional price valid under campaign terms
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 | PagBank | Qonto |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Brazil | Yes | No |
| France | No | Yes |
| Germany | No | Yes |
| Italy | No | Yes |
| Netherlands | No | Yes |
| Portugal | No | Yes |
8 of 9 countries where either is available.
Questions about each
PagBank
What does PagBank charge to hold an account?+
The monthly fee runs BRL 0 to BRL 75, and the account is built around no monthly charge. PagBank ranks 1 of 500 on monthly fee across the site, the site median is €0, and the top of the site range reaches €449.
Are Pix and TED transfers really free?+
Transfers to any bank are Free (unlimited TED and Pix to any bank), and the Pix transfer charge is BRL 0. Pix is instant around the clock, and cross-border payouts clear in minutes to Pix or a PagBank account, with payouts landing on bank and wallet.
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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