Qonto: fees, currencies and how to apply.
SEPA banking that French, German, Italian and Spanish accountants trust
- a few days to a week
- Time to open
- 4.6
- Advisor score
- Paid plan
- Monthly cost
- Time to open
- Typically a few days to a week
- Currencies
- EUR IBAN; transfers in 30+ currencies
- To open
- No minimum balance; free tier only in some markets, otherwise from about EUR 9 a month
Advertising disclosure. Some links on this page are affiliate links. If you open an account we may be paid a fee, at no extra cost to you. Order is set by our published criteria and cannot be bought.
What Qonto actually is
Qonto is a payment institution authorised by the ACPR in France; its banking licence application is still pending. It serves operating companies in France, Germany, Italy and Spain with local IBANs and accounting-ready exports.
It is the least friction option if your bookkeeping is done locally: sub-accounts, receipt matching, supplier payment approvals and direct exports into the tools local accountants already use.
Fees and pricing
Checked against the provider's published pricing in September 2026. Figures vary by country and plan.
- Monthly fee
- Free tier in some markets only, otherwise from about EUR 9
- Minimum balance
- None
- SEPA transfers
- A monthly allowance per plan, then about EUR 0.40 each
- SWIFT transfers
- From about EUR 5 plus an FX margin
- Currency conversion
- Around 1% on non-EUR payments
- Cards
- One card per plan included, extra cards from about EUR 5 a month
Where it works well
- Local IBAN and accounting exports built for the market
- Fast, predictable onboarding
- Sub-accounts and approval flows for supplier payments
Watch out for
- Very EUR-centric with weaker multi-currency coverage
- A payment institution, with a banking licence still pending
- Transfer allowances are tight on the cheaper plans
Who can open it
- A company registered in France, Germany, Italy, Spain, Austria, Belgium, Netherlands or Portugal
- A local IBAN requires a registered address in a supported country
- Holding companies with no operations are reviewed case by case
Documents to prepare
- Certificate of incorporation and company registry extract
- Passport and proof of address for every director and owner above 25%
- Description of the business, customers and expected monthly volumes
- Local registry extract such as a Kbis or Handelsregister print
- Articles of association
Ready to apply to Qonto?
Have the documents above ready and the application usually takes under 20 minutes.
Affiliate link. We may be paid a fee; it does not change this ranking.