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How is Qonto different from a traditional bank account?

We are not a bank. Qonto is operating under the payment services regulation, supervised by the Banque de France.

Qonto is a current account with all classic operations (transfers, card payments, etc.). However, there are three differences between your Qonto account and a traditional business account:

  • Your Qonto account cannot be overdrawn and we do not offer loans
  • We do not process cheques
  • We do not allow cash deposits.

Depending on your activity and your needs, you can either use Qonto as the main account for your business or as a side account for your daily transactions.

You could: 

  • Collaborate as a team: order payment cards online for your teams, instantly create virtual cards to pay online, control your spendings by defining payment limits by card, invite your accountant in 'read-only' mode and download your transactions history (and attachments) for seamless accounting.
  • Say 'Goodbye' to paper: gather your suppliers' invoices and your employees' receipts in your Qonto account. You will never ever chase receipts or invoices at the end of month again.
  • Connect your Qonto account to your favorite applications: whether it is your CRM, your payroll or invoicing software, gain efficiency with our third-party integrations.

Start saving time and being more efficient: sign-up for Qonto today!

You still have a question?

If you cannot find answer to your question in our FAQ, you can always contact us. We will answer to you shortly!