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What is the difference between Qonto and 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:

  1. Your Qonto account cannot be overdrawn and we do not offer loans.
  2. 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 team, instantly create virtual cards to pay online, control your spendings by defining payment limits per card, invite your accountant in 'read-only' mode and download your transaction 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!