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Provider review · 4.6 advisor score

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

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Qonto

France · Germany · Italy · Spain

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

Licence status

Payment institution authorised by the ACPR in France; banking licence applied for, not yet granted

 
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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.

Best for

Operating companies in France, Germany, Italy and Spain

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

Local transfers

A monthly allowance per plan, then about EUR 0.40 each

International transfers

From about EUR 5 plus an FX margin

Currency exchange

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.

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