Qonto Review
Best for team expense management · Founded 2016 · Paris, France
Overview
Qonto is a French fintech that has grown to serve over 600,000 companies across eight European countries. Authorized by the ACPR as a Payment Institution (license #16958), Qonto provides FGDR deposit protection up to EUR 100,000 per client — with safeguarding partners including Credit Mutuel Arkea, Societe Generale, Natixis, CACIB, and BNP Paribas. A full banking license application was submitted in July 2025.
Qonto now offers six plans spanning self-employed professionals and growing teams. The self-employed plans (Basic, Smart, Premium) serve 1–2 users, while team plans (Essential, Business, Enterprise) offer unlimited users with advanced role management. SEPA Instant transfers support payments up to EUR 100,000, and international transfers reach 130+ countries with 32+ receivable currencies.
The expense management capabilities are best-in-class: three card tiers (One, Plus, and X Metal) with different spend limits and insurance levels, receipt OCR with auto VAT detection, custom approval workflows, and dedicated add-ons like Expense & Spend Management Plus (EUR 69/month) for advanced controls including mileage tracking. Direct integrations with DATEV, Xero, QuickBooks, and TeamSystem, plus EBICS connectivity, make Qonto a strong choice for accounting-heavy workflows.
Plans & Pricing
Basic
EUR 11 billed monthly
- French IBAN with FGDR deposit protection
- 30 SEPA transfers/month (EUR 0.20 overage)
- 1 user
- 1 One card included
- Receipt scanning with OCR
- FX rates: 0.80% (standard) / 1.80% (other currencies)
Local transfers: 30/mo
International: Not included
Cards: 1
Smart
EUR 23 billed monthly
- Everything in Basic
- 100 SEPA transfers/month
- 2 users
- Accountant access (read-only)
- DATEV integration (Bankdatenservice, Belegbilderservice)
- Xero and EBICS connectivity
- Custom export formats
Local transfers: 100/mo
International: Not included
Cards: 5
Premium
EUR 45 billed monthly
- Everything in Smart
- 200 SEPA transfers/month (EUR 0.10 overage)
- 2 users
- Plus and X Metal cards available
- Reduced FX rates: 0.56% / 1.56%
- Advanced analytics dashboard
- Priority support
Local transfers: 200/mo
International: Not included
Cards: 15
Essential
EUR 59 billed monthly
- Everything in Premium
- 250 SEPA transfers/month
- Unlimited users (team plan)
- 10 IBANs
- Employee and Manager roles
- Team expense requests
Local transfers: 250/mo
International: Not included
Cards: 25
Business
EUR 119 billed monthly
- Everything in Essential
- 500 SEPA transfers/month
- 30 IBANs
- Unlimited virtual cards
- Manager role with custom permissions
- Advanced team management
Local transfers: 500/mo
International: Not included
Cards: 50
Enterprise
EUR 249 billed monthly
- Everything in Business
- 10,000 SEPA transfers/month (EUR 0.10 overage)
- Unlimited users and cards
- Dedicated success manager
- Custom integrations via API
- SLA guarantees
Local transfers: 10000/mo
International: Not included
Cards: Unlimited
Prices as of . See official pricing page for the latest rates.
Key Features
- FGDR deposit protection up to EUR 100,000
- SEPA Instant transfers (up to EUR 100,000 per payment)
- Card tiers: One, Plus, and X Metal with tiered insurance
- Comprehensive expense management with receipt OCR and auto VAT
- Team cards with individual spending limits
- Multi-approval payment workflows
- Accountant portal with read-only access
- DATEV, Xero, QuickBooks, TeamSystem, and EBICS integrations
Key Information
| FX Fee | 0.56–1.80% |
|---|---|
| Supported Currencies | 32+ |
| Countries Served | FR, DE, IT, ES, BE, NL, AT, PT |
| Target Audience | SMEs needing team expense management |
| Founded | 2016 |
| Headquarters | Paris, France |
Pros & Cons
Pros
- FGDR deposit protection up to EUR 100,000
- Best-in-class expense management for teams
- Six plans covering solo to enterprise (from EUR 9/month)
- Strong EU accounting integrations (DATEV, EBICS, TeamSystem)
- SEPA Instant up to EUR 100,000 per payment
Cons
- No free plan available
- All accounts receive French IBANs (even in Germany, Italy, Spain)
- FX rates less competitive than Wise or Revolut (0.56–1.80%)
- Expense Plus add-on costs EUR 69/month for advanced features
Qonto FAQ
Is my money safe with Qonto?
Qonto is authorized by the ACPR (Autorite de Controle Prudentiel et de Resolution) as a Payment Institution (license #16958). Client funds are protected up to EUR 100,000 per client under the FGDR (Fonds de Garantie des Depots et de Resolution), with safeguarding partners including Credit Mutuel Arkea, Societe Generale, Natixis, CACIB, and BNP Paribas. Qonto submitted a full banking license application in July 2025.
How does Qonto expense management work?
Qonto provides team members with cards from three tiers: One (included, EUR 20,000 monthly limit), Plus (EUR 8/month, EUR 40,000 limit, 1% FX), and X Metal (EUR 20/month, EUR 200,000 limit, 0% FX, lounge access). The platform automatically scans receipts via OCR, detects VAT amounts, and categorizes expenses. Managers can approve expenses through custom workflows. The Expense & Spend Management Plus add-on (EUR 69/month) adds mileage tracking and advanced card controls.
Can my accountant access Qonto?
Yes, Qonto offers a dedicated accountant portal with read-only access to transactions, receipts, and invoices, available from the Smart plan onward. Qonto integrates directly with DATEV (Bankdatenservice, Belegbilderservice), Xero, QuickBooks, and TeamSystem. EBICS connectivity is available from Smart plan. Custom export formats including MT940 (Germany) are supported for seamless bookkeeping.
Which countries is Qonto available in?
Qonto is available for businesses registered in France, Germany, Italy, Spain, Belgium, Netherlands, Austria, and Portugal — eight EU markets. All accounts receive a French (FR) IBAN, which is accepted for SEPA transfers across the entire European Economic Area. Belgian local (BE) IBANs are planned for mid-2026.
Head-to-Head Comparisons
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