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Updated September 28, 2026 · VaultCue Editorial Team

Qonto Portugal Business Account vs Wise

Qonto Portugal Business Account scores 8.7 and Wise 8.8 out of 10. Compare their differences and shared features below.
Qonto Portugal Business Account

Qonto Portugal Business Account

8.7/10
Visit
Wise

Wise

Higher score in this comparison

8.8/10
See alternatives

What sets them apart

Qonto Portugal Business Account vs Wise
CompareQonto Portugal Business AccountQonto Portugal Business AccountReviewVisitVisitWiseWiseReviewSee alternativesSee alternatives
Monthly fee€9£0
Currency conversion fee0.8% to 1.8%0.24%Lower
Currenciesfrom 3040
Local account detailsIBANIBAN, UK sort code, Us ACHCovers more
Transfer fee30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan)From 0.24%, varies by currency
Free ATM withdrawalsNot confirmed£250

Same on both: Licence type (Payment institution), Deposit protection (EU DGS up to EUR 100,000).

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

  • Wise scores higher overall: 8.8 vs 8.7.
  • Founded is lower at Wise: 2011 vs 2017.
  • Wise is licensed in 2 more countries.
  • Wise is available in 27 more countries.
  • Currency conversion fee is lower at Wise: 0.24% vs 0.8% to 1.8%.
  • Local account details: only Wise offers UK sort code, Us ACH.
  • Support channels: only Qonto Portugal Business Account offers Chat, Phone, Email.
  • Audience: only Qonto Portugal Business Account offers Business, Freelancer.
  • Audience: only Wise offers Expats, Travelers.
  • Features: only Qonto Portugal Business Account offers Digital only.

Our verdict on each

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

Wise

Wise runs as a cash management account rather than a savings product, so it suits expats and travellers who need many currencies and no monthly charge, not people chasing the top rate. It scores 5.2 here, with a variable rate of 3.29% and a monthly fee of £0.

Read the full Wise review

Score breakdown

Qonto Portugal Business Account vs Wise
AreaQonto Portugal Business AccountWise
Cost8.5It charges a monthly fee of €9 where €0 is the norm on the site, offset by conversion fees of 0.8% to 1.8%.9.1HigherA monthly fee of £0, a conversion fee of 0.24% and an exchange rate markup of 0% keep running costs low.
Offer9.5Higher8.640 currencies, local details for iban, uk sort code and us ach and a variable rate of 3.29% on the balance.
Trust8.38.8Higher

Pick Qonto Portugal Business Account if, pick Wise if

Pick Qonto Portugal Business Account if offer matter most.

Pick Wise if cost, trust, currency conversion fee, and local account details matter most.

Sources behind this comparison

Qonto Portugal Business Account

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

Wise

  • wise.com: 12 facts, checked September 26, 2026
  • euclid.eba.europa.eu: 3 facts, checked September 26, 2026

How they place

Qonto Portugal Business Account vs Wise
RankingQonto Portugal Business AccountWise
Current and checking accounts2 of 885139 of 885

Every fact side by side

Qonto Portugal Business Account vs Wise
FactQonto Portugal Business AccountWise
AudienceBusiness, FreelancerExpats, Travelers
Pricing modelNot confirmedNo monthly fee
FeaturesDigital onlyFree ATM
Legal entityQONTOWise Europe SA
HeadquartersFranceBelgium
Founded20172011Lower
Support channelsChat, Phone, Email, Help centreCovers moreHelp centre

Money transfer

Qonto Portugal Business Account vs Wise
FactQonto Portugal Business AccountWise
Exchange rate markupNot confirmed0%
Payout methodsNot confirmedBank, Card

Where each stands against the rest

Qonto Portugal Business Account vs Wise
FactQonto Portugal Business AccountWiseMedian
Currency conversion fee0.8% to 1.8%above the median0.24%below the median0.5
Currenciesfrom 30highest quarter40highest quarter5
Free ATM withdrawalsNot confirmed£250highest quarter£0

Median across 536 listed accounts.

Pros and cons

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.

Wise

Pros

  • No recurring charge: the monthly fee is £0, matching the €0 site median while some accounts charge as much as €449.
  • Conversion is cheap: a fee of 0.24% and an exchange rate markup of 0%, against a 0.5% site median conversion fee.
  • Instant access on a floating return: money and gains come out without delay, and the variable rate stands at 3.29%.

Cons

  • Support is self-service: help centre is the only channel listed, so there is no phone line or live chat listed for a stuck transfer.
  • The rate is variable, so the 3.29% headline can fall, and the brand ranks 220 of 473 on headline rate.
  • Moving money is not free: transfer fees are From 0.24%, varies by currency and converting adds 0.24% each time a currency changes.

Who each suits

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.

Wise

Who it suits

  • Expatriates and travellers who hold money in more than one currency: the account is built for expats and travelers and covers 40 currencies.
  • Anyone who wants a place to park cash without a recurring charge, since the monthly fee is £0.
  • People who need money to arrive in local formats, since local account details are offered for iban, uk sort code and us ach.

Who should look elsewhere

  • Plazo ES or AXI Card Tarjeta y Credito, whose headline rates of 24.19% and 21.59% are the ones to look at when the rate on the balance matters more than currency cover.
  • PayPal Colombia, whose headline rate of 3.3% is close to 3.29%, so a saver gives up little on yield and gains nothing on the 40 currency range.

Current offers

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

Qonto Portugal Business Account vs Wise
CountryQonto Portugal Business AccountWise
AustraliaNoYes
BrazilNoYes
BulgariaNoYes
CroatiaNoYes
CyprusNoYes
CzechiaNoYes
DenmarkNoYes
EstoniaNoYes

8 of 35 countries where either is available.

Questions about each

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.

Wise

What rate does Wise pay on money held in the account?+

The headline rate is 3.29% and it is a variable rate, so the figure can move rather than being set for a term. Interest is credited to the balance and the money plus the gains stay available, which suits someone who wants a return without tying funds away.

Is there a monthly fee for keeping money with Wise?+

The monthly fee is £0, and the account is built on a no monthly fee model, so there is no recurring charge to maintain it. The site median monthly fee is €0 while some accounts charge as much as €449, so this sits at the cheap end of the range.

Other options to compare

Other matchups

Qonto Portugal Business Account

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Wise

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