Qonto vs bunq Business
On the standard spending profile Qonto is cheaper: €0 net per year versus €96 for bunq Business. On cashback bunq Business wins (up to 2%); for spending abroad FX markup matters, and bunq Business 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 bunq Business.
| Qonto | bunq Business | |
|---|---|---|
| Tier | A | A |
| Rating | ★ 4.5 | ★ 4.4 |
| Estimated net annual cost | €0 | €96 |
| Account fee | Free | €8 |
| IBAN | dedicato · FR, DE, IT, ES | dedicato · NL |
| Multi-currency | No (single currency) | Yes · 18 currencies |
| 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 | €0 |
| Interest on balance | 2% | 0.75% |
| ATM withdrawal | not declared | not declared |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | EEA · 6+ countries | EEA · 30+ countries |
| Regulator | ACPR | DNB, AFM |
| Segment | B2B | B2B |
| OAM Italy registration | — | Yes |
| Regions | EU/EEA | EU/EEA |
| Licences & safety | Payment Institution | Full Banking License |
Frequently asked questions
Qonto vs bunq Business: which is better?
On the standard spending profile Qonto is cheaper: €0 net per year versus €96 for bunq Business. On cashback bunq Business wins (up to 2%); for spending abroad FX markup matters, and bunq Business 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 bunq Business.
Which is cheaper, Qonto or bunq Business?
On the standard spending profile Qonto has the lowest net annual cost: €0 versus €96 for bunq Business.
Which offers more cashback, Qonto or bunq Business?
bunq Business has the highest cashback: up to 2%. Note the top rate often requires token staking and is subject to spending caps.
Is Qonto custodial or self-custody?
Qonto is custodial: funds are held by the platform, while bunq Business is custodial.
Which is better for spending abroad?
For foreign-currency spending bunq Business wins, with the lowest FX markup: 0.5%.