Qonto review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Qonto suits business owners who want a Mastercard debit card with multi-currency and virtual card options built into the account. You pay a monthly fee of €9 on top, so it earns its place if your company spends in other currencies or needs extra cards for staff.
Key facts
- Best for
- A business account pairing a Mastercard debit card with multi-currency balances and a virtual card.
- 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
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Card features include multi currency, virtual card and travel, so a virtual card and travel spending sit on the same account.
- Currency support starts at from 30 currencies, and the card is a debit card on the mastercard network.
- Support runs on chat, phone and email, so phone help is there when a card is blocked.
Cons
- Cash is not free: the free ATM allowance is €0.
- The currency conversion fee of 2% is the cost to watch if you rarely pay abroad.
- The account is built for business use, so personal banking is out of scope.
Who it suits
- Small companies and sole traders who want company cards, multi-currency balances and a virtual card in one place.
- Businesses that pay suppliers or staff abroad and want support on chat, phone and email.
Who should look elsewhere
- Monzo Flex, whose monthly fee is £0, for anyone who wants to skip a monthly account charge.
- Wise, which charges a monthly fee of £0, if you rarely convert currency and want the lower account cost.
- Bitpanda, where the monthly fee is €0, if you are weighing card costs rather than business features.
Trading and withdrawal fees
Qonto charges a monthly fee of €9 for the business account and a currency conversion fee of 2% on conversion. Both sit on the account rather than on individual card payments, so a business that keeps its balance in a single currency pays mainly the monthly fee. A business that buys and sells in other currencies sees the conversion fee on top of it.
Safety and regulation
Qonto is authorised in France under ACPR, the Autorite de Controle Prudentiel et de Resolution, with licence number 16958 and register entry PSD_PI FR_ACPR!68677. Both are recorded in the European payment institutions register, so the account sits inside a supervised system. Because the card is a debit card, spending draws down the balance you hold rather than building up a debt.
How Qonto compares
8.7 vs 9.4
8.7 vs 9.0
8.7 vs 8.2
8.7 vs 9.5
8.7 vs 9.6
8.7 vs 9.0
8.7 vs 9.1Bitpanda also lists a monthly fee of €0, so the account is cheaper to hold.
8.7 vs 8.9
8.7 vs 8.1
8.7 vs 8.2
8.7 vs 9.5
8.7 vs 9.4
8.7 vs 9.2
8.7 vs 9.1
8.7 vs 9.0
8.7 vs 8.9- 8.7 vs 8.8
8.7 vs 8.8
8.7 vs 8.6
8.7 vs 8.5
8.7 vs 8.3
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 a Qonto account cost each month?+
The account carries a monthly fee of €9, which covers holding the business account and using the card. That is a fixed cost rather than a per-payment charge. Monzo Flex charges a monthly fee of £0, so the difference is what you pay for business tooling.
What does currency conversion cost on a Qonto card?+
Currency conversion is charged at 2%. It bites when card spending settles in a currency the account balance does not cover, such as a supplier invoice abroad or a staff trip. If the balance already holds the currency needed, that charge does not apply.
Is Qonto regulated?+
Qonto is listed as an authorised French payment institution under ACPR, the Autorite de Controle Prudentiel et de Resolution. Its licence number is 16958 and its register entry is PSD_PI FR_ACPR!68677, both recorded in the European payment institutions register, so the account is supervised at home.
What kind of card does Qonto offer?+
It is a debit card on the mastercard network, so payments come straight out of the balance in your business account rather than a credit line. Card features cover multi currency, virtual card and travel, which puts a virtual card and a travel card alongside the physical one.
Are free ATM withdrawals included?+
The free ATM allowance is €0, so cash machines sit outside the free package. Businesses that need regular cash for expenses should plan for a charge on each withdrawal. Card purchases and balance currencies work as normal.
Who is a Qonto account for?+
The account is built for business users, which suits a company, sole trader or team that wants company cards and multi-currency balances in one place. Personal banking is not the target, and there is no student or children's version of the account.
How many currencies can the account hold?+
Currency support starts at from 30 currencies, so you can hold and spend in several currencies without routing everything through a single balance. With the multi-currency card feature, that is the part that matters most for a business billing in euros and buying elsewhere.
How do I get help with a card problem?+
Support runs on chat, phone and email. You can call, chat, email or use the help centre when a payment is declined or a card needs freezing. For a business account, the phone and chat routes are the quickest for time-sensitive card problems.
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: Founded
“Made in France in 2017; timeline 2017 - Founded in France: Qonto launches with a clear mission”
- qonto.com/en/payment-methods/card checked September 26, 2026
Backs: Free ATM withdrawals, Card type, Features, Currency conversion fee, Card network
“Number of free cash withdrawals - One Card: 0 (then €2 excl. tax for each extra withdrawal)”
- 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 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.
Related by the facts
Qonto
A business account pairing a Mastercard debit card with multi-currency balances and a virtual card.