Penta vs Qonto
For spending abroad FX markup matters, and Penta does better (0% vs 2%). In our editorial rating Qonto leads (4.5 vs 3.8). In short: Penta if your usage matches its strength, Qonto otherwise — the numbers above beat any slogan.
| Penta | Qonto | |
|---|---|---|
| Tier | B | A |
| Rating | ★ 3.8 | ★ 4.5 |
| Estimated net annual cost | €0 | €0 |
| Account fee | Free | Free |
| IBAN | dedicato · DE | dedicato · FR, DE, IT, ES |
| Multi-currency | No (single currency) | No (single currency) |
| Outbound transfers to third-party IBANs | Yes | Yes |
| Utility direct billing | Yes | Yes |
| SEPA direct debit (SDD) | Yes | Yes |
| On-chain crypto withdrawal | No | No |
| SEPA transfer | Free | Free |
| Interest on balance | 0% | 2% |
| ATM withdrawal | not declared | not declared |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | EEA · 1+ countries | EEA · 6+ countries |
| Regulator | BaFin | ACPR |
| OAM Italy registration | No | — |
| Segment | B2B | B2B |
| Regions | EU/EEA | EU/EEA |
| Licences & safety | Banking-as-a-Service (solarisBank) | Payment Institution |
Frequently asked questions
Penta vs Qonto: which is better?
For spending abroad FX markup matters, and Penta does better (0% vs 2%). In our editorial rating Qonto leads (4.5 vs 3.8). In short: Penta if your usage matches its strength, Qonto otherwise — the numbers above beat any slogan.
Which is cheaper, Penta or Qonto?
On the standard spending profile Penta has the lowest net annual cost: €0 versus €0 for Qonto.
Is Penta custodial or self-custody?
Penta is custodial: funds are held by the platform, while Qonto is custodial.
Which is better for spending abroad?
For foreign-currency spending Penta wins, with the lowest FX markup: 0%.