Qonto Review 2026: The Best Business Neobank in Europe?
💼 Business Accounts Only
Qonto is a business-only neobank — it does not offer personal accounts. It is purpose-built for freelancers, sole traders, startups, and SMEs. If you need a personal account, see our main comparison.
Overview
The leading B2B-only European neobank purpose-built for SMEs and freelancers — deep accounting integrations and team finance workflows, not a retail consumer play; 600,000+ business customers
Regulatory Status
Payment institution license (France, 2018); EU passport across served markets; filed for full French banking license in July 2025
Note: Qonto filed for a full French banking licence in July 2025. We will update this section when the licence is confirmed.
Pricing Plans
| Plan | Price | Best For |
|---|---|---|
| Solo | €9/mo | Freelancers, 30 transfers/month, 1 card |
| Essential | €49/mo | Annual; small teams, multiple users/cards |
| Business | €99/mo | Annual; growing SMEs, advanced features |
| Enterprise | €199/mo | Annual; large teams, dedicated support |
Key Features
- Local IBAN business account with instant SEPA and SWIFT transfers
- Physical and virtual Mastercard cards per team member
- Multi-user access with role-based permissions
- Integrated invoicing and payment collection
- Real-time expense categorization and receipt capture
- Accounting integrations (Xero, Slack, Pennylane, etc.)
- Direct debits and standing orders
- Automated VAT and tax provisioning
Where Qonto Is Available
Qonto currently serves: France, Germany, Spain, Italy, Austria, Belgium, Portugal, Netherlands. It is not available in Ireland or the UK.
Pros & Cons
✅ Pros
- • Local IBAN business account with instant SEPA and SWIFT transfers
- • Physical and virtual Mastercard cards per team member
- • Multi-user access with role-based permissions
- • Integrated invoicing and payment collection
- • Real-time expense categorization and receipt capture
❌ Cons
- • No personal accounts — business only
- • Not available in Ireland or UK
- • Currently payment institution (not full bank) — no lending/credit
- • FX fees apply for transactions outside eurozone
- • No multi-currency IBANs
- • Mobile app lacks some desktop features
- • Account opening can take several days to validate
Travel Features
Compare all banks for travel →Foreign Exchange
1.7% fee1.7% foreign transaction fee on non-EUR card payments. Not a competitive travel card — Qonto is optimised for eurozone business use.
ATM Abroad
ATM withdrawals abroad charged at €2 each. Aimed at business users who rarely need cash abroad.
Travel Insurance
No travel insurance. Business-focused product not designed for travel perks.
Airport Lounge
No lounge access.
Multi-Currency
EUR-only business account; no multi-currency sub-accounts or foreign IBANs.
✈️ Travel Perks
- • Physical and virtual cards for each team member
- • Real-time receipt capture for travel expenses
- • Automatic expense categorisation (flights, hotels, meals)
- • Accounting software sync for travel expense reporting
Services: Crypto, Investing & Savings
Cryptocurrency
Not availableQonto does not offer cryptocurrency services.
Investments
Not availableQonto does not offer investment products.
Savings
AvailableECB rate linked
Interest-bearing balance for business accounts; details vary by plan
Compare savings rates across EU neobanks →Business Banking
AvailableAccounting: DATEV, Xero, QuickBooks, Sage, Pennylane, Cegid, Lexoffice
Europe's leading dedicated SME neobank with 600K+ business clients. Best-in-class expense management with receipt OCR, approval workflows, and budget management. €448.7M revenue in 2024, profitable since 2023. Applied for French banking licence in July 2025. No retail personal accounts — 100% business focused.
Compare all business accounts →Premium Plans
Compare all banks' premium plans →- • 1 user, 1 debit card
- • 30 SEPA transfers/month
- • Integrated invoicing
- • Receipt capture & accounting sync
- • Multiple users and cards
- • Higher transfer limits
- • Advanced expense management
- • Multi-accounting integrations
- • Full team finance management
- • Role-based access controls
- • API integrations
- • VAT automation
- • Dedicated account manager
- • Unlimited users and cards
- • SLA-backed support
- • Custom integrations
- • On-site training
| Feature | Solo €9/mo | Essential €49/mo | Business €99/mo ★ Best value | Enterprise €199/mo |
|---|---|---|---|---|
| Metal card | — | — | — | — |
| Travel insurance | — | — | — | — |
| Airport lounge | — | — | — | — |
| Free ATM/month | — | — | — | — |
| Free FX/month | — | — | — | — |
| Savings rate | ECB-linked | ECB-linked | ECB-linked | ECB-linked |
| Cashback | — | — | — | — |
| Top perks |
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Our Verdict
Qonto earns its 4.8/5 Trustpilot score from 50,000 reviews — the highest satisfaction rating among all EU neobanks we reviewed. For freelancers and SMEs in France, Germany, Spain, Italy, Belgium, Austria, Portugal, or the Netherlands, it is the clear market leader for business banking. The main limitation: no personal accounts, limited geography, and no full banking licence yet (though a French banking licence application was filed in July 2025).