Soldo vs Qonto
For spending abroad FX markup matters, and Soldo does better (1.5% vs 2%). The choice depends on your real spending profile: redo the math with your volumes before picking between Soldo and Qonto.
| Soldo | Qonto | |
|---|---|---|
| Tier | A | A |
| Rating | ★ 4.6 | ★ 4.5 |
| Estimated net annual cost | — | €0 |
| Account fee | Free | Free |
| IBAN | dedicato | dedicato · FR, DE, IT, ES |
| Multi-currency | Yes · 5 currencies | No (single currency) |
| Outbound transfers to third-party IBANs | No | Yes |
| Utility direct billing | No | Yes |
| SEPA direct debit (SDD) | No | Yes |
| On-chain crypto withdrawal | No | No |
| 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 | UK, EEA · 30+ countries | EEA · 6+ countries |
| Regulator | FCA | ACPR |
| OAM Italy registration | No | — |
| Segment | B2B | B2B |
| SEPA transfer | — | Free |
| Regions | UK, EU/EEA | EU/EEA |
| Licences & safety | EMI | Payment Institution |
Frequently asked questions
Soldo vs Qonto: which is better?
For spending abroad FX markup matters, and Soldo does better (1.5% vs 2%). The choice depends on your real spending profile: redo the math with your volumes before picking between Soldo and Qonto.
Which is cheaper, Soldo or Qonto?
On the standard spending profile Qonto has the lowest net annual cost: €0 versus — for Soldo.
Is Soldo custodial or self-custody?
Soldo is custodial: funds are held by the platform, while Qonto is custodial.
Which is better for spending abroad?
For foreign-currency spending Soldo wins, with the lowest FX markup: 1.5%.