bunq Easy Bank vs Qonto Basic
Comparing two business banking plans from top challenger banks
Review by
Head of Fintech Research
Published: 06.12.22
Updated: 18.02.24
Published: 06.12.22
Updated: 18.02.24
Choosing between bunq Easy Bank Business and Qonto Basic? In this article, we provide a detailed comparison of these bank accounts, their prices and terms. Firstly, we will provide a quick summary and key information about the two banks, after which you can explore our comparison table listing all the key information on fees and products available for both of the options. At the end of the article, we provide bullet points of key pros and cons of both options and our verdict.
This comparison is a challenging one - the approach these banks have to modern-day business banking is wildly different. bunq's Easy Bank is a powerhouse containing an abundance of amazing and useful features. It comes with an Open API, stylish bank cards and rapidly evolving and almost experimental mobile apps. Qonto Basic has a different and maybe slightly less ambitious goal in mind: delivering everything the customer expects with a "smart casual" presentation.
What is also important is that both subscriptions are provided by fully-licensed and heavily-audited financial institutions overseen by two of EU's strictest regulators (Dutch National Bank and Banque de France). Thus, you should not have any concerns about these banks being "legit" or trustworthy enough - they're just as reliable and safe as any of the "big banks" in these countries. Plus, both of them offer a free 30-days "no-strings-attached" trial, which gives you an option of getting "hands on" experience with each of them, at no cost at all!
bunq Easy Bank Business
bunq
Dutch online bank that gives you the freedom to bank like a local all over Europe. The bank's mobile apps are packed with exciting and unique features, and the fully fledged banking license bunq has ensures your money are 100% safe at all times.
5'400'000+
Amsterdam, NL
General Information
- Deposit ProtectionUp to €100'000
- Customer SupportChat, email
- CurrenciesEUR, USD, GBP + 12
Bank Accounts
- Individuals Free plan available
- Businesses Starting at €7.99
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
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Qonto Basic
Qonto
Qonto is a French neobank for businesses that is equally suited for freelancers, micro-businesses, SMEs and startups. Diverse in its product portfolio and capable of satisfying business needs of any caliber, Qonto now offers a one-month free trial for new users.
150'000+
Paris, FR
General Information
- Deposit ProtectionUp to €100'000
- Customer SupportPhone, chat, email
- CurrenciesEUR
Bank Accounts
- Individuals
- Businesses Starting at €9.0
- Joint
- Convenience & User-friendliness
- Customer Support
- Features Available
- Value for Money
- Overall Rating
Bank Accounts for Businesses
Time is money if you're a business owner, franchisee or a freelancer. Discover modern mobile-first bank accounts for companies of any scale and explore unique features and products built for digital-native business owners.
Comparison table
There are quite a few considerations to keep in mind when choosing, so make sure to identify what deal-breakers there are for you personally. In order to assist you in this assessment, we provide a side-by-side breakdown of features and fees between bunq Easy Bank Business and Qonto Basic in a comparison table below.
 Easy Bank Business | Basic | |
|---|---|---|
| Price, per month | € 7.99 | € 9.00 |
| Commitment | Cancel monthly | Cancel monthly |
| Sign-up bonus | 30 days free | 30 days free trial |
| Official website | bunq.com | qonto.com |
| Accounts | ||
| IBANs | NL, DE, FR, ES, IE | FR, IT, DE, ES |
| Sub-accounts included | 2 | 1 |
| Shared accounts | No extra cost | ❌ |
| Employee accounts | ✔️ | ❌ |
| Mobile Payments | ||
| Apple Pay | ✔️ | ✔️ |
| Google Pay | ✔️ | ✔️ |
| Samsung Pay | ❌ | ❌ |
| Cards | ||
| Cards available | Mastercard | Mastercard |
| Cards included | 1 | 1 |
| Maestro/VPay | ✔️ | ❌ |
| Debit cards | ✔️ | ✔️ |
| Credit cards | ✔️ | ❌ |
| Virtual cards | ✔️ | ✔️ |
| Extra card fee | € 3.49 p/m | € 2.00 p/m |
| Replacement fee | € 9.99 | € 10.00 |
| Free replacements | - | - |
| Metal card | ❌ | ❌ |
| Wooden cards | ❌ | ❌ |
| Payment Methods | ||
| iDeal | ✔️ | ❌ |
| SOFORT | ✔️ | ❌ |
| Bancontact | ✔️ | ❌ |
| Various Fees | ||
| SWIFT (receive) | € 5.00 | € 5.00 |
| Foreign exchange fee | 0.50% | 0.80% |
| Currency fee-free limit | - | - |
| ATM Withdrawals | ||
| Daily limit | € 1000 | € 1000 |
| Free withdrawals, per month | - | - |
| After that, per withdrawal | € 0.99 | € 1.00 |
| Withdrawal fee abroad | € 2.99 | € 1.00 |
| Interest Rate | ||
| Current accounts | ❌ | ❌ |
| Savings accounts | None% | ❌ |
| Transaction & Deposit Limits | ||
| Deposit limit | - | € 60,000 |
| Deposit Protection | Up to €100'000 | Up to €100'000 |
| Monthly spend limit | - | € 20,000 |
| Other financial products | ||
| Overdraft | ❌ | ❌ |
| Investments in-app | ❌ | ❌ |
| Crypto trading | ❌ | ❌ |
| Cheques | ❌ | Up to €30,000 |
| Cashback | ❌ | ❌ |
| Insurance | ❌ | ❌ |
| Lounge access | ❌ | ❌ |
| Transaction categorization | ❌ | ✔️ |
| Purchase protection | ❌ | ❌ |
| Round-up savings | ❌ | ❌ |
| Budgeting features | ❌ | ❌ |
| Deals & Discounts | ❌ | ✔️ |
| Other benefits | Director access, Wise | Cash flow dashboard |
| Learn more | bunq.com | qonto.com |
Qonto & bunq: Pros & Cons
The detailed breakdown of dozens of terms and complex fee structures can get overwhelming - to avoid that, here are some of the key benefits and disadvantages of both bunq and Qonto's propositions.
bunq Easy Bank Business
Banking like a local all over Europe: low commission on non-Euro payments and bank accounts in multiple currencies.- Tap to Pay - You can collect card payments with your iPhone, no PoS terminal needed!
- Very reasonably priced with minimum additional fees - most companies would not pay more than the monthly fee.
No phone support available - however, the online chat in-app is available 24/7.- Not a great plan if your business does cash transactions: modest limits and moderately high fees.
- Unlike higher-tier plans available at bunq, Easy Bank does not provide customers with multiple sub-accounts.
Qonto Basic
- Qonto Basic allows you to upload and save your receipts to match them to your transactions
- You can automate your finance management by connecting various apps and accounting software
- Dedicated dashboard makes managing cash flow easy thanks to indicator charts and precise tracking of your in- and outflows
- You can not get additional physical cards while virtual ones cost €2 each
- Only having a single account with no "pockets" or "vaults" makes budgeting harder than it should
- Lack of local payment methods outside of France is limited - make sure your favorites are supported
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Our Verdict: bunq Easy Bank Business or Qonto Basic?
Our verdict is twofold. While bunq Easy Bank Business subscription is priced at almost half of what Qonto Basic costs, has a lot less limits (transactions, deposits and withdrawals) and would most likely end up significantly cheaper than the opponent after accounting for all additional fees Qonto has, the comparison is not as one-sided.
Qonto's entry-level plan could still come out ahead - for example, if your company plans on receiving cheque payments or in case you value having an option of calling customer support by phone. Besides, Qonto feels like a more polished experience compared to bunq which is a more powerful banking product potentially, yet the user experience is rough around the edges.
Either way, our verdict stays the same - thanks to free 30 days of trial without any commitments available at both banks, there really is no excuse to not try both!
So what are you waiting for?
Choose bunq Easy Bank Business if...
You are a freelancer or a digital nomad
You sometimes deal with multiple currencies
You want to automate the boring admin side of your business
bunq website
Pick Qonto Basic if...
You want to create a company in France
You can't imagine using a bank you can't call
If you found any of these plans to be a good fit for your specific banking needs, you will find links to their official websites or apps below. By signing up via links on our website, you support us in our mission of making finance easy and accessible to everyone.
⚠️ Please note that the information on pricing, contract terms and availability of products in certain markets is subject to change and can differ from what is stated above. We aim to keep this comparison as accurate and up-to-date as possible, but we advise you to treat the information provided above as indicative and always check banks' official websites for actual terms before signing up. ⚠️
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