Updated September 28, 2026 · SumCue Editorial Team
Qonto vs Wise
Qonto
Wise
Higher score in this comparison
Where Qonto and Wise differ
| Compare | QontoReviewVisitVisit | WiseReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | €9 | £0 |
| Currency conversion fee | 2% | 0.1%Lower |
| Free ATM withdrawals | €0 | £250 |
| Currencies | from 30 | 40 |
| Card network | Mastercard | Not confirmed |
Same on both: Card type (Debit).
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Key differences
- Wise scores higher overall: 9.2 vs 8.6.
- Founded is lower at Wise: 2011 vs 2017.
- Wise is licensed in 2 more countries.
- Qonto is available in 4 more countries.
- Currency conversion fee is lower at Wise: 0.1% vs 2%.
- Features: only Qonto offers Virtual card.
- Audience: only Wise offers Kids.
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%.
Wise
Wise suits people who hold several currencies and convert often, pairing a monthly fee of £0 with a conversion fee of 0.1% and interest of 3.29% on the balance. The weak spot is cash: free ATM withdrawals stop at £250 and the card ranks 10 of 124 on that measure.
Score breakdown
| Area | Qonto | Wise |
|---|---|---|
| Cost | 8.4Qonto charges a monthly fee of €9, currency conversion costs 2%, and the card has an annual fee of €0. | 9.3HigherA monthly fee of £0 and a conversion fee of 0.1% keep running costs low, and the monthly fee ranks 1 of 422. |
| Offer | 9.4 | 9.8HigherInterest of 3.29% at a variable rate, a debit card, free ATM withdrawals of £250 and support on email, chat and phone. |
| Trust | 8.4 | 8.7Higher |
Availability and regulation
| Country | Qonto | Wise |
|---|---|---|
| Belgium | Not confirmed | National Bank of Belgium 0713629988 BE_NBB PSD_PI BE_NBB!0713629988 |
| Cyprus | Not confirmed | Cyprus Securities and Exchange Commission (CySEC) MiCA CASP 549300ET4IUR6RCZOL84 |
| France | FR_ACPR PSD_PI FR_ACPR!68677 | Not confirmed |
| Lithuania | Not confirmed | LT_BL PSD_EMI LT_LT_BL_304940980 |
Available in 1 country for both. Additional countries for Qonto: 7. Additional countries for Wise: 3.
Where they rank in our lists
| Ranking | Qonto | Wise |
|---|---|---|
| Savings | 11 of 1492 | 324 of 1492 |
| Savings accounts | 8 of 658 | 218 of 658 |
| Cash management accounts | 3 of 46 | 11 of 46 |
| Credit and debit cards | 12 of 1594 | 359 of 1594 |
| Debit cards | 10 of 826 | 225 of 826 |
Also worth a look
COCA Card has currency conversion fee at 0%, against 2% for Qonto and 0.1% for Wise.
COCA Card reviewWhat we checked
Qonto
- qonto.com: 10 facts, checked September 26, 2026
- euclid.eba.europa.eu: 2 facts, checked September 26, 2026
Wise
- 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
| Fact | Qonto | Wise |
|---|---|---|
| Features | Multi currency, Virtual card, TravelCovers more | Multi currency, Travel |
| Audience | Business | Business, KidsCovers more |
| Legal entity | QONTO | Wise Europe SA |
| Headquarters | France | Belgium |
| Founded | 2017 | 2011Lower |
| Support channels | Chat, Phone, Email, Help centre | Email, Chat, Phone, Help centre |
Credit cards
| Fact | Qonto | Wise |
|---|---|---|
| Annual fee | €0 | £0 |
| APR | 17.5% | Not confirmed |
| Rewards type | None | Not confirmed |
| Pricing model | No annual fee | No annual fee |
| 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 | Not confirmed |
| Card kind | Credit | Not confirmed |
Savings
| Fact | Qonto | Wise |
|---|---|---|
| Headline rate | 1.5% | 3.29%Higher |
| Rate type | Variable | Variable |
| Minimum deposit | €0 | Not confirmed |
| Deposit protection | EU DGS up to EUR 100,000 | 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 | Instant access to money and gains; transfer up to 100,000 GBP (Personal) daily without delay |
| Account kind | Cash management | Cash management |
Where each stands against the rest
| Fact | Qonto | Wise | Median |
|---|---|---|---|
| Currency conversion fee | 2%above the median | 0.1%below the median | 1% |
| Currencies | from 30highest quarter | 40highest quarter | 8 |
Median across 336 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%.
Wise
Pros
- The monthly fee on the cash management account is £0, level with bunq at €0 and Varo Believe Secured Credit Card at $0, so nothing is given away on the standing charge.
- A currency conversion fee of 0.1% sits well under the site median of 1%, and the account can hold 40 currencies at the same time.
- Idle balances earn 3.29% at a variable rate while staying available, which bunq and Varo Believe Secured Credit Card do not offer in the same form.
Cons
- The free ATM allowance of £250 ranks 10 of 124, so heavy cash users get less than many rivals.
- The conversion fee of 0.1% is not free: Starling Personal Account Debit Card lists 0% on its travel card, which costs less for people who only spend abroad.
- The rate is variable, so the 3.29% earned on the balance can move instead of staying put for a set period.
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.
Wise
Who it suits
- People paid in a single currency and spending in another, since the conversion fee is 0.1% and 40 currencies can be held side by side.
- Travellers who want a debit card with a monthly fee of £0 and interest of 3.29% left in the account.
- Households running accounts for business and kids.
Who should look elsewhere
- Starling Personal Account Debit Card, which lists 0% on its travel card, suits spenders who would rather pay no conversion charge than 0.1%.
- Varo Believe Secured Credit Card is a secured credit card at $0 a month, so it answers a credit building need rather than a debit card that pays interest.
- bunq, which also charges €0 a month, gives no reason to move on price alone, so the 0.1% conversion fee and the £250 cash allowance are what separate the two.
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 | Wise |
|---|---|---|
| Austria | Yes | No |
| Cyprus | No | Yes |
| France | Yes | No |
| Germany | Yes | No |
| Italy | Yes | No |
| Lithuania | No | Yes |
| Netherlands | Yes | No |
| Portugal | Yes | No |
8 of 11 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%.
Wise
What does the account cost to run?+
The monthly fee on the cash management account is £0, and the pricing runs on the no annual fee model, so there is no separate annual charge. bunq sits at €0 and Varo Believe Secured Credit Card at $0, so Wise competes on conversion pricing and the interest paid on the balance rather than on the standing fee.
How much does it cost to convert currency?+
The currency conversion fee is 0.1%, and the account can hold 40 currencies at once, so money can sit in the currency you are paid in and convert only when you spend. Starling Personal Account Debit Card lists 0% on its travel card, so a reader who never converts pays less there.
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Qonto
Wise