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.

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