Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Qonto review

Updated September 28, 2026 · SumCue 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 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%.

Key facts

Best for
Businesses wanting a fee-light debit card with remuneration and included card protection.
Monthly fee
€9↗
Currency conversion fee
2%↗
Free ATM withdrawals
€0↗
Card type
Debit↗
Card network
Mastercard↗
Currencies
from 30↗
Legal entity
QONTO↗
Headquarters
France↗
Founded
2017↗
Support channels
Chat, Phone, Email, Help-centre↗
Features
Multi-currency, Virtual card, Travel
Audience
Business
Official website
qonto.com

Credit cards

Annual fee
€0↗
APR
17.5%↗
Rewards type
None↗
Perks
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↗
Card kind
Credit↗
Pricing model
No annual fee

Savings

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↗
Account kind
Cash management↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaXTrustpilotLinkedInmedium.com

Pros and cons

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).
  • Support is available by chat, phone, email and help centre through chat, phone and email.
  • Qonto supports a multi-currency account, virtual cards and travel features under multi currency, virtual card and travel.

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%.
  • Qonto has no rewards under none, so card spending does not provide the reward type used by some alternatives.
Qonto

Ready to try Qonto?

Scored 8.6 / 10 by SumCue.

Visit

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.

Fees and FX

Qonto's account fee is €9. Its Mastercard card has an annual fee of €0, while currency conversions cost 2%. The card also has a deferred debit option on Plus and X Cards at no extra cost, as stated 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). For a business making overseas card purchases, the conversion charge is the main cost to compare with alternatives such as Wise. Qonto's headline account remuneration is 1.5%, and the rate is variable. Remuneration is activated in the app and depends on the qualifying activity set out under access terms.

Using it abroad

Qonto offers multi-currency and travel features under multi currency, virtual card and travel, but each currency conversion costs 2%. Its Mastercard network is mastercard. Free ATM withdrawals are €0, so travellers may need to budget carefully for cash-machine use. The account supports instant access to the money with no notice period under access terms. That flexibility helps overseas business spending, although conversion fees can quickly offset the benefit of holding several currencies.

How it compares on our data

Qonto ranks 399 among 422 brands on monthly fee. Its currency conversion fee ranks 165 among 258 brands, while its free ATM withdrawal allowance ranks 44 among 124 brands. The page score is 1.9, and its cost score is 1.9. Its monthly fee of €9 may therefore be less competitive than a fee-free alternative such as bunq at €0. The currency conversion cost of 2% is another clear comparison point, especially against Wise.

Everyday use

Qonto provides a debit card on the Mastercard network, as shown by debit and mastercard. The card includes insurance for travel, business purchases and fraud 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). It also works with Apple Pay and Google Pay 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). Support is available through chat, phone, email and a help centre under chat, phone and email, with round-the-clock support in France and support across the rest of the week elsewhere. A virtual card is included among the account features under multi currency, virtual card and travel, which can help businesses separate everyday purchases and online activity.

Who regulates it

Qonto is authorised in France by ACPR (Autorite de Controle Prudentiel et de Resolution), as shown by the French regulatory listing. The licence record is 16958. A second French listing identifies FR_ACPR and uses the registration PSD_PI FR_ACPR!68677. These entries establish the named regulator for Qonto's French operation. The account is aimed at businesses, while its regulatory location is France.

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) (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

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%.

Does Qonto provide free ATM withdrawals?+

Qonto provides free ATM withdrawals of €0. Businesses that rely heavily on cash-machine withdrawals may prefer bunq or Wise, subject to comparing the relevant plans and fees. Qonto's card uses the Mastercard network under mastercard.

Is Qonto aimed at businesses or individuals?+

Qonto is aimed at businesses under business. Its remuneration is activated in the app and requires eligible payment activity under access terms. The headline account rate is 1.5%, and its rate type is variable.

What protection comes with the Qonto card?+

Card insurance for travel, business purchases and fraud is included 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). The card also supports virtual-card use, Apple Pay and Google Pay under multi currency, virtual card and travel and 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). These are card features rather than rewards, and none confirms that Qonto offers no rewards.

How can business users get support?+

Qonto provides chat, phone, email and help-centre support under chat, phone and email. The stated service is round-the-clock in France and available across the rest of the week elsewhere. The business account can therefore be supported through several contact channels.

Can Qonto be used for business travel?+

Qonto includes travel features under multi currency, virtual card and travel and uses Mastercard under mastercard. The card has insurance for travel, business purchases and fraud 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). Foreign currency conversions cost 2%, and free ATM withdrawals are €0.

Sources

  • euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “EntityCode=FR_ACPR!68677; EntityType=PSD_PI; ENT_NAM=QONTO”

  • qonto.com/en/about checked September 26, 2026

    Backs: Deposit protection, Founded

    “Made in France in 2017; timeline 2017 - Founded in France: Qonto launches with a clear mission”

  • qonto.com/en/financing/overdraft checked September 26, 2026

    Backs: APR

    “Qonto business overdraft: The applied rate is 17.5% per year (legal usury rate)”

  • qonto.com/en/open-an-account/remunerated-professional-acc... checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type

    “You can use your funds whenever you want, with no fees or penalties.”

  • qonto.com/en/payment-methods/card checked September 26, 2026

    Backs: Annual fee, Free ATM withdrawals, Card type, Features, Currency conversion fee, Pricing model, Card network, Perks, Rewards type

    “One Card : Free”

  • qonto.com/en/payment-methods/card/credit-card checked September 26, 2026

    Backs: Card kind

    “Qonto's business credit card lets you buy when you need to, and pay for it on the 1st of the following month”

  • qonto.com/en/pricing checked September 26, 2026

    Backs: Audience, Currencies, Monthly fee, Support channels

    “A plan for every business - Self-employed, Business teams. Basic: For low-volume businesses”

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Protection.

Qonto

Qonto

Businesses wanting a fee-light debit card with remuneration and included card protection.

8.6/10Visit