Updated September 29, 2026 · SumCue Editorial Team
Qonto vs Vexi
Qonto
Vexi
Higher score in this comparison
Qonto vs Vexi: the differences
| Compare | QontoReviewVisitVisit | VexiReviewVisitVisit |
|---|---|---|
| Annual fee | €0 | MX$0 |
| APR | 17.5%Lower | 43.38% to 75.76% |
| Rewards type | None | Cashback |
| 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 | Purchase protection, Travel assistance, Telemedicine |
| Currency conversion fee | 2% | Not confirmed |
| Rewards rate | Not confirmed | up to 5% |
| Regulators | Not confirmed | Comision Nacional Bancaria y de Valores (CNBV) |
Same on both: Card kind (Credit).
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Key differences
- Vexi scores higher overall: 9.0 vs 8.6.
- Qonto is available in 7 more countries.
- APR is lower at Qonto: 17.5% vs 43.38% to 75.76%.
- Perks: only Qonto offers 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).
- Perks: only Vexi offers Purchase protection, Travel assistance, Telemedicine.
- Features: only Qonto offers Multi currency, Virtual card, Travel.
- Features: only Vexi offers Rewards.
Our verdict on each
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%.
Vexi
Vexi suits spenders in Mexico seeking cashback without a yearly charge, as annual fee of MXN 0 keeps fixed costs at free while rewards add value on spending. Borrowing costs apply through APR of 43.38% to 75.76%, so paying in full each cycle matters for households watching budgets closely.
Score breakdown
| Area | Qonto | Vexi |
|---|---|---|
| Cost | 8.4Qonto charges a monthly fee of €9, currency conversion costs 2%, and the card has an annual fee of €0. | 9.2Higherannual fee of MXN 0 keeps fixed costs at free, though APR of 43.38% to 75.76% matters for revolvers |
| Offer | 9.4Higher | 9.1cashback of cashback with rewards of up to 5% plus cover via purchase protection, travel assistance and telemedicine |
| Trust | 8.4 | 8.8Higheroversight from Comision Nacional Bancaria y de Valores (CNBV) supports confidence in card operations and handling |
If neither fits
DKB has apr at 6.99%, against 17.5% for Qonto and 43.38% to 75.76% for Vexi.
DKB reviewWhere these facts come from
Qonto
- qonto.com: 11 facts, checked September 26, 2026
- euclid.eba.europa.eu: 2 facts, checked September 26, 2026
Vexi
- vexi.mx: 8 facts, checked September 29, 2026
- gob.mx: 1 fact, checked September 29, 2026
How they place
| Ranking | Qonto | Vexi |
|---|---|---|
| Credit and debit cards | 12 of 1594 | 17 of 1594 |
| Credit cards | 3 of 421 | 5 of 421 |
Every fact side by side
| Fact | Qonto | Vexi |
|---|---|---|
| Pricing model | No annual fee | No annual fee |
| Features | Multi currency, Virtual card, Travel | Rewards |
| Audience | Business | Not confirmed |
| Legal entity | QONTO | Not confirmed |
| Headquarters | France | Not confirmed |
| Founded | 2017 | Not confirmed |
| Support channels | Chat, Phone, Email, Help centre | Not confirmed |
Savings
| Fact | Qonto | Vexi |
|---|---|---|
| Headline rate | 1.5% | Not confirmed |
| Rate type | Variable | Not confirmed |
| Minimum deposit | €0 | Not confirmed |
| Deposit protection | EU DGS up to EUR 100,000 | Not confirmed |
| 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 | Not confirmed |
| Monthly fee | €9 | Not confirmed |
| Account kind | Cash management | Not confirmed |
Where each stands against the rest
| Fact | Qonto | Vexi | Median |
|---|---|---|---|
| APR | 17.5%above the median | 43.38% to 75.76%highest quarter | 11.635% |
| Currency conversion fee | 2%above the median | Not confirmed | 1% |
Median across 486 listed providers.
Pros and cons
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%.
Vexi
Pros
- Free ownership with annual fee of MXN 0, lighter than DKB with fees of €29.88
- Cashback rewards of cashback with rewards of up to 5% for eligible spending
- Added lifestyle cover through purchase protection, travel assistance and telemedicine for shopping and travel peace of mind
Cons
- Borrowing carries APR of 43.38% to 75.76%, which proves costly where balances revolve across billing cycles
- Support runs on email, chat and help centre only, which limits choice at moments when voice help feels urgent
Who each suits
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.
Vexi
Who it suits
- Shoppers who value cashback over Kraken while weighing fees of €0 in comparisons
- Budget holders who favour free ownership over DKB with fees of €29.88
- Digital users at ease with email, chat and help centre rather than eToro style platform help
Who should look elsewhere
- Readers who often revolve balances and dislike APR of 43.38% to 75.76% may compare DKB before committing
- Readers who want voice support beyond email, chat and help centre may prefer Kraken as a comparison point
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 | Qonto | Vexi |
|---|---|---|
| Austria | Yes | No |
| Belgium | Yes | No |
| France | Yes | No |
| Germany | Yes | No |
| Italy | Yes | No |
| Mexico | No | Yes |
| Netherlands | Yes | No |
| Portugal | Yes | No |
8 of 9 countries where either is available.
Questions about each
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%.
Vexi
What does Vexi charge each year for card ownership?+
Vexi charges annual fee of MXN 0, which keeps ownership costs at free while you use the card for retail spending and routine bills. That structure suits households that clear balances and wish to avoid a fixed yearly charge eating into cashback gains over time.
How much interest applies when carrying a Vexi balance?+
Vexi applies APR of 43.38% to 75.76% when you carry a balance beyond the payment due date. The range reflects risk based pricing, so your assigned rate depends on assessment. Paying in full helps avoid interest and preserves the value earned through rewards.
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