Tide vs Qonto
On cashback Tide wins (up to 0.5%); for spending abroad FX markup matters, and Tide does better (0% vs 2%). In our editorial rating Qonto leads (4.5 vs 3.9). In short: Tide if your usage matches its strength, Qonto otherwise — the numbers above beat any slogan.
| Tide | Qonto | |
|---|---|---|
| Tier | B | A |
| Rating | ★ 3.9 | ★ 4.5 |
| Estimated net annual cost | €0 | €0 |
| Account fee | Free | Free |
| IBAN | dedicato · GB, DE, IN | dedicato · FR, DE, IT, ES |
| Multi-currency | No (single currency) | No (single currency) |
| Outbound transfers to third-party IBANs | Yes | Yes |
| Utility direct billing | No | Yes |
| SEPA direct debit (SDD) | No | Yes |
| On-chain crypto withdrawal | No | No |
| SEPA transfer | €1 | Free |
| Interest on balance | 4% | 2% |
| ATM withdrawal | not declared | not declared |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | UK · 1+ countries | EEA · 6+ countries |
| Regulator | FCA | ACPR |
| OAM Italy registration | No | — |
| Segment | B2B | B2B |
| Regions | UK | EU/EEA |
| Licences & safety | EMI (UK) | Payment Institution |
Frequently asked questions
Tide vs Qonto: which is better?
On cashback Tide wins (up to 0.5%); for spending abroad FX markup matters, and Tide does better (0% vs 2%). In our editorial rating Qonto leads (4.5 vs 3.9). In short: Tide if your usage matches its strength, Qonto otherwise — the numbers above beat any slogan.
Which is cheaper, Tide or Qonto?
On the standard spending profile Tide has the lowest net annual cost: €0 versus €0 for Qonto.
Which offers more cashback, Tide or Qonto?
Tide has the highest cashback: up to 0.5%. Note the top rate often requires token staking and is subject to spending caps.
Is Tide custodial or self-custody?
Tide is custodial: funds are held by the platform, while Qonto is custodial.
Which is better for spending abroad?
For foreign-currency spending Tide wins, with the lowest FX markup: 0%.