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Updated September 29, 2026 · VaultCue Editorial Team

Qonto vs Wise Account

Qonto scores 8.7 and Wise Account 9.1 out of 10. Compare their differences and shared features below.
Qonto

Qonto

8.7/10
Visit
Wise Account

Wise Account

Higher score in this comparison

9.1/10
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What sets them apart

Qonto vs Wise Account
CompareQontoQontoReviewVisitVisitWise AccountWise AccountReviewSee alternativesSee alternatives
Headline rate1.5%3.29%Higher
Deposit protectionEU DGS up to EUR 100,000FSCS up to GBP 85,000
Access termsInstant 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 monthInstant access to money and gains; transfer up to 100,000 GBP (Personal) daily without delay
Monthly fee€19£0
Minimum deposit€0Not confirmed

Same on both: Rate type (Variable), Account kind (Cash management).

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 Account scores higher overall: 9.1 vs 8.7.
  • Founded is lower at Wise Account: 2011 vs 2017.
  • Wise Account is licensed in 1 more country.
  • Headline rate is higher at Wise Account: 3.29% vs 1.5%.

Our verdict on each

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.

Read the full Qonto review

Wise Account

Wise Account suits expats and travelers who move money across currencies and want local account details without paying anything each month. You can hold 40 currencies, receive money like a local, and the account draws 7.4 overall on VaultCue.

Read the full Wise Account review

Score breakdown

Qonto vs Wise Account
AreaQontoWise Account
Cost8.8A monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €09.2HigherA monthly fee of £0, conversion at 0.24% with a 0% markup and transfers priced at From 0.24%, varies by currency.
Offer9.1Headline rate of 1.5% is variable and sits at 350 of 4739.9HigherA variable 3.29% on the balance, 40 currencies and a £250 free cash allowance.
Trust8.38.4Higher

Availability and regulation

Qonto vs Wise Account
CountryQontoWise Account
BelgiumNot confirmed
BE_NBB PSD_PI BE_NBB!0713629988
France
FR_ACPR PSD_PI FR_ACPR!68677
Not confirmed
United KingdomNot confirmed

Positions in our rankings

Qonto vs Wise Account
RankingQontoWise Account
Current and checking accounts1 of 88593 of 885
Savings accounts8 of 1420312 of 1420
Cash management accounts3 of 4511 of 45

If neither fits

eToro has headline rate at 3.8%, against 1.5% for Qonto and 3.29% for Wise Account.

eToro review

Sources behind this comparison

Qonto

  • qonto.com: 9 facts, checked September 26, 2026
  • euclid.eba.europa.eu: 2 facts, checked September 26, 2026

Wise Account

  • wise.com: 8 facts, checked September 26, 2026
  • euclid.eba.europa.eu: 2 facts, checked September 26, 2026
  • en.wikipedia.org: 1 fact, checked September 26, 2026

Every fact side by side

Qonto vs Wise Account
FactQontoWise Account
Pricing modelNot confirmedNo monthly fee, Low FX
Legal entityQONTOWise Europe SA
HeadquartersFranceBelgium
Founded20172011Lower
Support channelsChat, Phone, Email, Help centreEmail, Phone, Chat, Help centre

Everyday accounts

Qonto vs Wise Account
FactQontoWise Account
Licence typePayment institutionPayment institution
Currency conversion fee0.8% to 1.8%0.24%Lower
Currenciesfrom 3040
AudienceBusiness, FreelancerExpats, Travelers
FeaturesDigital onlyFree ATM
Local account detailsIBANIBAN, UK sort code, Us ACHCovers more
Free ATM withdrawalsNot confirmed£250
Transfer fee30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan)From 0.24%, varies by currency

Money transfer

Qonto vs Wise Account
FactQontoWise Account
Exchange rate markupNot confirmed0%
Payout methodsNot confirmedBank, Card

Where each stands against the rest

Qonto vs Wise Account
FactQontoWise AccountMedian
Headline rate1.5%lowest quarter3.29%above the median3.25%
Minimum deposit€0below the medianNot confirmed€1

Median across 658 listed accounts.

Pros and cons

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

Wise Account

Pros

  • Currency conversion at 0.24% with a 0% exchange rate margin, so nothing is added on top of the rate you are quoted.
  • Balances earn a variable 3.29%, above the everyday account median of 3.25%, while access to money and gains stays instant.
  • Holds 40 currencies, well clear of the everyday account median of 9, with local account details covering IBAN, UK sort code and US ACH.

Cons

  • It is a payment institution rather than a bank, so balances are safeguarded rather than banked, and the protection that applies is FSCS up to GBP 85,000.
  • The rate is variable, so 3.29% can move with the base rate instead of being locked for a term.
  • Cash withdrawals are free to £250 only, and free ATM withdrawals are a feature on 64.6% of everyday accounts, so heavy cash users should check a bank tariff first.

Who each suits

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

Wise Account

Who it suits

  • Expats and travelers named in expats and travelers who hold balances in several currencies at once.
  • People who need local account details, since those cover iban, uk sort code and us ach.
  • Readers who want 40 currencies in a single account without a monthly charge.

Who should look elsewhere

  • Readers who want a bank licence rather than a payment institution account.
  • Anyone chasing a fixed return for a set period, because the rate is variable and the money is accessible on demand.
  • Traders or wallet users who would rather sit with XTB or Skrill, where a multi-currency current account plays no part.

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

Qonto vs Wise Account
CountryQontoWise Account
AustriaYesNo
BelgiumYesNo
FranceYesNo
GermanyYesNo
ItalyYesNo
NetherlandsYesNo
PortugalYesNo
SpainYesNo

Questions about each

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.

Wise Account

Does the Wise Account cost anything each month?+

The monthly fee is £0, so there is no standing charge to keep the account open. That matches AXI Card, XTB and Skrill, which also show a monthly fee of €0. On VaultCue, Wise Account ranks 1 of 500 brands on this measure, and the everyday account median is €0.

What does it cost to change currency?+

Currency conversion is charged at 0.24% and the exchange rate margin is 0%, so nothing is layered on top of the rate quoted. Wise Account ranks 137 of 312 brands on that fee, with the everyday account median at 0.22% and the upper quartile at 2%.

Other options to compare

Qonto

Visit

Wise Account

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