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Qonto review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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.

Our verdict

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.

Key facts

Best for
Business and freelance accounts run mainly in the app
Headline rate
1.5%↗
Rate type
Variable↗
Minimum deposit
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
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
€19↗
Account kind
Cash management↗
Legal entity
QONTO↗
Headquarters
France↗
Founded
2017↗
Support channels
Chat, Phone, Email, Help-centre↗
Official website
qonto.com

Everyday accounts

Licence type
Payment institution↗
Currency conversion fee
0.8% to 1.8%↗
Currencies
from 30↗
Local account details
IBAN↗
Transfer fee
30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan)↗
Audience
Business, Freelancers
Features
Digital-only

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaXTrustpilotLinkedInfacebook.com

Pros and cons

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
  • A local IBAN is provided

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
Qonto

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Scored 8.7 / 10 by VaultCue.

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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

Fees and FX

The standard plan carries a monthly fee of €19, and there is no minimum deposit, so €0 is all it takes to open and hold the account. Currency conversion costs 0.8% to 1.8% on a converted payment. Included SEPA transfers are capped each month, and anything beyond the allowance is charged a small fixed fee per transaction, so heavier payment volumes add up quickly.

How Qonto compares

Where Qonto is available

Available
Austria, Belgium, France, Germany, Italy, Netherlands, Portugal, Spain
Licence in France
ACPR (Autorite de Controle Prudentiel et de Resolution), France (16958), checked September 26, 2026
Licence in France
FR_ACPR (PSD_PI FR_ACPR!68677), checked September 26, 2026, also valid in Austria, Belgium, Germany, Spain, France, Ireland, Italy, Luxembourg, Netherlands, Poland, Portugal

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

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.

Is the money in a Qonto account protected?+

Deposits are covered by the EU deposit guarantee scheme, with protection stated as EU DGS up to EUR 100,000. The limit applies per depositor rather than per account, so larger balances need a second provider for full cover.

Which regulator supervises Qonto?+

Qonto holds a payment institution licence in France, issued by ACPR (Autorite de Controle Prudentiel et de Resolution), France. Its authorisation is recorded as PSD_PI FR_ACPR!68677, and the registered entity is listed as QONTO.

What interest does Qonto pay on the balance?+

The remunerated professional account pays a headline rate of 1.5%, and the rate type is variable, so it can move. It is calculated daily on the total balance and paid monthly, and access to the money stays instant with no notice period.

What conditions must be met to earn the rate?+

Remuneration has to be switched on in the app, and the account must show a regular flow of eligible card payments each month. Interest accrues daily on the total balance and is paid out monthly, so the rate only runs while that payment activity continues.

How many currencies can a Qonto account hold?+

The account can handle from 30 currencies, and each account comes with a local IBAN for receiving payments. Conversion between currencies costs 0.8% to 1.8% on the converted amount.

How do I get help from Qonto?+

Help is available through chat, phone and email. A phone line and live chat suit urgent payment questions, while email and the help centre handle longer account issues.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

Qonto

Qonto

Business and freelance accounts run mainly in the app

8.7/10Visit