Updated September 28, 2026 · SumCue Editorial Team
Nexo vs Qonto
Nexo
Higher score in this comparison
Qonto
Nexo vs Qonto: the differences
| Compare | NexoReviewVisitVisit | QontoReviewVisitVisit |
|---|---|---|
| Monthly fee | €0Lower | €9 |
| Currency conversion fee | 0.2% to 2.5%Lower | 2% |
| Free ATM withdrawals | €200 to €2,000Higher | €0 |
| Currencies | 100 | from 30 |
| Cashback rate | 0.1% to 2% | Not confirmed |
| Custody | Custodial | Not confirmed |
Same on both: Card type (Debit), Card network (Mastercard).
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Key differences
- Nexo scores higher overall: 8.9 vs 8.6.
- Founded is lower at Qonto: 2017 vs 2018.
- Nexo is licensed in 5 more countries.
- Nexo is available in 28 more countries.
- Monthly fee is lower at Nexo: €0 vs €9.
- Currency conversion fee is lower at Nexo: 0.2% to 2.5% vs 2%.
- Free ATM withdrawals is higher at Nexo: €200 to €2,000 vs €0.
- Support channels: only Qonto offers Phone.
- Features: only Nexo offers Crypto, Custodial.
Our verdict on each
Nexo
Nexo suits businesses and crypto users who want a multi-currency card, with monthly and annual card fees of €0 and €0. The trade-off is tier-based cashback, foreign exchange costs, and custodial holding of supported crypto.
Qonto
Qonto suits businesses that want a low-cost Mastercard debit card with included card insurance and account remuneration. It is less suitable for frequent cash withdrawals or overseas spending, because free ATM withdrawals are €0 and currency conversion costs 2%.
Score breakdown
| Area | Nexo | Qonto |
|---|---|---|
| Cost | 9.2HigherMonthly and annual card fees are €0 and €0, while foreign exchange costs are 0.2% to 2.5%. | 8.4Qonto charges a monthly fee of €9, currency conversion costs 2%, and the card has an annual fee of €0. |
| Offer | 9.2The card supports crypto cashback, multi-currency use, virtual cards, travel, Apple Pay and Google Pay. | 9.4Higher |
| Trust | 8.3 | 8.4Higher |
What it costs in practice
A year with 1,000 spent abroad
Nexo
€2 to €25
12 × €0 + 0.2% to 2.5% of 1,000
Qonto
€128
12 × €9 + 2% of 1,000
Nexo costs €126 less.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Where each is licensed and available
| Country | Nexo | Qonto |
|---|---|---|
| Argentina | Not confirmed | |
| Australia | AUSTRAC (Australia) DCE100843695-001 | Not confirmed |
| France | Not confirmed | FR_ACPR PSD_PI FR_ACPR!68677 |
| Hong Kong | Companies Registry (Hong Kong) TC007556 | Not confirmed |
| Poland | Ministry of Finance (Poland) RDWW-533 | Not confirmed |
| Seychelles | Not confirmed | |
| United States | Not confirmed |
Available in 8 countries for both. Additional countries for Nexo: 28.
Where they rank in our lists
| Ranking | Nexo | Qonto |
|---|---|---|
| Credit and debit cards | 10 of 1594 | 12 of 1594 |
| Credit cards | 2 of 421 | 3 of 421 |
| Debit cards | 8 of 826 | 10 of 826 |
What we checked
Nexo
- nexo.com: 13 facts, checked September 26, 2026
Qonto
- qonto.com: 10 facts, checked September 26, 2026
- euclid.eba.europa.eu: 2 facts, checked September 26, 2026
Every fact side by side
| Fact | Nexo | Qonto |
|---|---|---|
| Features | Multi currency, Crypto, Virtual card, Custodial, TravelCovers more | Multi currency, Virtual card, Travel |
| Audience | Business | Business |
| Legal entity | DiPocket UAB | QONTO |
| Headquarters | Not confirmed | France |
| Founded | 2018 | 2017Lower |
| Support channels | Chat, Email, Help centre | Chat, Phone, Email, Help centreCovers more |
Credit cards
| Fact | Nexo | Qonto |
|---|---|---|
| Annual fee | €0 | €0 |
| APR | from 1.9%Lower | 17.5% |
| Rewards type | Cashback | None |
| Pricing model | No annual fee | No annual fee |
| Rewards rate | Up to 2% crypto cashback in NEXO Tokens, or 0.5% in BTC at Platinum tier, on purchases in Credit Mode | Not confirmed |
| Perks | Free ATM withdrawals up to EUR 2,000 / GBP 1,800 per month at Platinum tier, then 2% fee (min EUR/GBP 1.99), Apple Pay and Google Pay supported, Interest earned on unspent funds (Nexo Loyalty Program, up to 13% per year), Accepted at over 100 million merchants globally, Virtual card activated instantly with 50 USD balance; free shipping for physical card above 5,000 USD balance at Gold tier or higher, No monthly, annual or inactivity card fees | Card insurance included (travel, business purchases, fraud), Deferred debit option on Plus and X Cards at no extra cost, Account remuneration 5% AER for 2 months then 1.5% (Smart and Premium plans), Apple Pay and Google Pay compatible, 24/7 support in France, 7 days a week elsewhere |
| Cashback rate | 0.5% to 2% | Not confirmed |
| Card kind | Credit | Credit |
Crypto wallets
| Fact | Nexo | Qonto |
|---|---|---|
| Wallet type | Mobile | Not confirmed |
| Coins supported | 100 | Not confirmed |
Savings
| Fact | Nexo | Qonto |
|---|---|---|
| Headline rate | Not confirmed | 1.5% |
| Rate type | Not confirmed | Variable |
| Minimum deposit | Not confirmed | €0 |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Access terms | Not confirmed | 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 | Not confirmed | Cash management |
Where each stands against the rest
| Fact | Nexo | Qonto | Median |
|---|---|---|---|
| Monthly fee | €0at the median | €9highest quarter | €0 |
| Currency conversion fee | 0.2% to 2.5%below the median | 2%above the median | 1 |
| Free ATM withdrawals | €200 to €2,000highest quarter | €0below the median | €4 |
| Cashback rate | 0.1% to 2%at the median | Not confirmed | 2 |
| Currencies | 100highest quarter | from 30highest quarter | 8 |
Median across 336 listed providers.
Pros and cons
Nexo
Pros
- No monthly or annual card fees: €0 and €0.
- Crypto cashback is available in NEXO Tokens or BTC at Platinum tier in Credit Mode.
- Multi-currency use, virtual cards, travel, Apple Pay and Google Pay are supported.
Cons
- Foreign exchange costs are 0.2% to 2.5%, which may add to overseas spending.
- Supported crypto is held in custodial custody under custodial.
- Cashback and ATM terms depend on card tiers, so lower tiers receive less favourable benefits.
Qonto
Pros
- The Mastercard debit card has an annual fee of €0.
- Card insurance for travel, business purchases and fraud is included through Card insurance included (travel, business purchases, fraud), Deferred debit option on Plus and X Cards at no extra cost and Account remuneration 5% AER for 2 months then 1.5% (Smart and Premium plans).
- Eligible Smart and Premium plans can receive account remuneration under the terms in Card insurance included (travel, business purchases, fraud), Deferred debit option on Plus and X Cards at no extra cost and Account remuneration 5% AER for 2 months then 1.5% (Smart and Premium plans).
Cons
- Qonto charges a monthly fee of €9, while bunq lists a monthly fee of €0.
- Free ATM withdrawals are €0, which may be costly for a business that regularly uses cash machines.
- The currency conversion fee of 2% is above the site median of 1%.
Who each suits
Nexo
Who it suits
- Businesses seeking a multi-currency card with no monthly or annual card fees.
- Crypto users comfortable with crypto cashback and custodial custody.
- Travellers who want Mastercard, virtual-card, Apple Pay and Google Pay support.
Who should look elsewhere
- bunq may suit readers whose stated foreign exchange fee range is 0.5% to 3%.
- Varo Believe Secured Credit Card may suit readers focused on a card with a stated monthly fee of $0.
- Wise may suit readers looking for a different everyday money platform, with a stated monthly fee of £0.
Qonto
Who it suits
- Businesses that regularly use a Mastercard debit card for travel or business purchases.
- Smart and Premium plan customers who meet the remuneration terms in Card insurance included (travel, business purchases, fraud), Deferred debit option on Plus and X Cards at no extra cost and Account remuneration 5% AER for 2 months then 1.5% (Smart and Premium plans).
- Users who want chat, phone, email and help-centre support through chat, phone and email.
Who should look elsewhere
- Businesses focused on low cost that may prefer bunq, whose monthly fee is €0.
- Frequent overseas spenders who prefer Wise and want to compare its fee with Qonto's 2%.
- Cash-heavy businesses that want free ATM withdrawals, because Qonto offers €0.
Current offers
Qonto
Current offer
Free trial
1-month free trial on all Qonto plans: 1 month free
Shown on Basic, Smart, Premium, Essential, Business and Enterprise plan cards on the pricing page.
Source, checked September 26, 2026
First period offer
Remunerated account: 5% AER for 2 months, then 1.5% AER: 5% AER for 2 months, then 1.5% AER
Smart and Premium plans; requires at least 5 eligible transactions per month; remunerated balance cap EUR 50,000 (Smart) or EUR 100,000 (Premium).
Source, checked September 26, 2026
Country by country
| Country | Nexo | Qonto |
|---|---|---|
| Argentina | Yes | No |
| Australia | Yes | No |
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
8 of 36 countries where either is available.
Questions about each
Nexo
What are the Nexo card fees?+
Nexo lists a monthly card fee of €0 and an annual card fee of €0. Its published perks also state that there are no monthly, annual or inactivity card fees.
What is the currency conversion fee?+
Foreign exchange fees are 0.2% to 2.5%. The exact amount can therefore vary, so overseas purchases and ATM withdrawals may cost more than transactions made in the card's base currency.
Qonto
What does Qonto charge each month?+
Qonto's account fee is €9. The Mastercard debit card itself has an annual fee of €0. The card also offers a deferred debit option on Plus and X Cards at no extra cost under Card insurance included (travel, business purchases, fraud), Deferred debit option on Plus and X Cards at no extra cost and Account remuneration 5% AER for 2 months then 1.5% (Smart and Premium plans).
What does Qonto charge for currency conversion?+
Currency conversions cost 2%. This matters for business travel or purchases made outside the account's working currency. Qonto supports multi-currency features, but the conversion charge remains 2%.
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