Qonto vs ANNA Money
For spending abroad FX markup matters, and ANNA Money does better (0.5% vs 2%). The choice depends on your real spending profile: redo the math with your volumes before picking between Qonto and ANNA Money.
| Qonto | ANNA Money | |
|---|---|---|
| Tier | A | A |
| Rating | ★ 4.5 | ★ 4.4 |
| Estimated net annual cost | €0 | €0 |
| Account fee | Free | Free |
| IBAN | dedicato · FR, DE, IT, ES | dedicato · GB |
| Multi-currency | No (single currency) | Yes · 4 currencies |
| Outbound transfers to third-party IBANs | Yes | Yes |
| Utility direct billing | Yes | No |
| SEPA direct debit (SDD) | Yes | No |
| On-chain crypto withdrawal | No | No |
| SEPA transfer | Free | €5 |
| Interest on balance | 2% | 3.66% |
| ATM withdrawal | not declared | not declared |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | EEA · 6+ countries | UK · 1+ countries |
| Regulator | ACPR | FCA |
| Segment | B2B | B2B |
| OAM Italy registration | — | No |
| Regions | EU/EEA | UK |
| Licences & safety | Payment Institution | EMI |
Frequently asked questions
Qonto vs ANNA Money: which is better?
For spending abroad FX markup matters, and ANNA Money does better (0.5% vs 2%). The choice depends on your real spending profile: redo the math with your volumes before picking between Qonto and ANNA Money.
Which is cheaper, Qonto or ANNA Money?
On the standard spending profile Qonto has the lowest net annual cost: €0 versus €0 for ANNA Money.
Is Qonto custodial or self-custody?
Qonto is custodial: funds are held by the platform, while ANNA Money is custodial.
Which is better for spending abroad?
For foreign-currency spending ANNA Money wins, with the lowest FX markup: 0.5%.