bunq Easy Bank Business
vs Qonto Basic

Comparison table, pros & cons, overview of fees

July 4, 2022


Deciding between bunq Easy Bank Business and Qonto Basic? In this article, we provide a detailed comparison of these bank accounts, their prices and terms. Below you will find a brief introduction for both of the banks, after which you can explore our comparison table listing all the key information on fees and products available for both of the options. A brief summary along with a list of pros and cons and our verdict can be found at the end of this page.

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 of convenient niche features that comes with an Open API, flashy bank cards and a rapidly evolving and almost experimental mobile app. Qonto Basic has a different and maybe slightly less ambitious goal in mind: delivering what the customer is used to, in a "smart casual" wrapper. What is also important is that both subscriptions are provided by fully-licensed and heavily-regulated financial institutions in EU and both of them offer a free 30-days "no-strings-attached" trial. Find out if one of these is a perfect fit for your banking needs in our comparison below.

Are you looking to take your business banking needs to a new bank? Make sure to visit our comparisons and reviews of top digital banks for companies and freelancers.


bunq - Easy Bank Business

bunq

An up-and-coming Dutch neobank that focuses on ethical investment options, giving their users an option to choose how their money get invested. bunq also planted over 2 million trees as part of their green initiative. Powerful Open API and colorful cards - what's not to like?

HQ: Amsterdam, NL
Founded in: 2015
Users: 5'400'000+
Deposit protection: Up to €100'000
Website: bunq.com
Personal plans: ✔️
Starting at €2.99 per month
 
Business plans: ✔️
Starting at €4.99 per month
Currencies: EUR, USD, GBP, BGN, PLN + 10
Shared accounts: ✔️
Student accounts:
Support: Chat, email
Sign-up bonus: 30 days free trial
HQ: Amsterdam, NL
Founded in: 2015
Users: 5'400'000+
Deposit protection: Up to €100'000
Support: Chat, email
Sign-up bonus: 30 days free trial
Website: bunq.com
Personal plans: ✔️
Starting at €2.99 per month
Business plans: ✔️
Starting at €4.99 per month
Shared accounts: ✔️
Student accounts:
Currencies: EUR, USD, GBP, BGN, PLN + 10

bunq's baseline plan, Easy Bank, is an inexpensive option that gives a good impression of what bunq is. Significantly less powerful than the higher-tier plans, Easy Bank is still a solid product that has an impressive array of niche features while performing very well in day-to-day banking, with high acceptance rate on cards all over the world and world-class security tech.


Qonto - Basic

Qonto

Qonto is an up-and-coming 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.

HQ: Paris, FR
Founded in: 2016
Users: 150'000+
Deposit protection: Up to €100'000
Website: qonto.com
Personal plans:
 
Business plans: ✔️
Starting at €9.00 per month
Currencies: EUR
Shared accounts:
Student accounts:
Support: Phone, chat, email
Sign-up bonus: 30 days free trial
HQ: Paris, FR
Founded in: 2016
Users: 150'000+
Deposit protection: Up to €100'000
Support: Phone, chat, email
Sign-up bonus: 30 days free trial
Website: qonto.com
Personal plans:
Business plans: ✔️
Starting at €9.00 per month
Shared accounts:
Student accounts:
Currencies: EUR

Qonto Basic is aimed at self-employed workers and digital entrepreneurs. As Qonto's entry-level plan, Basic is a solid collection of essentials for managing your activity as a self-employed worker. With rich localization options and business-first focus of Qonto, Basic is a modern and secure way to solve your business banking needs at a very reasonable price point.

This bank account for businesses is also featured in other comparisons:


Features & Prices: Comparison table

It is important to keep your specific use cases in mind and identify the key characteristics you care about. To assist you in that assessment, we provide a side-by-side comparison of various features, products available and fees applicable between bunq Easy Bank Business and Qonto Basic in a table below.

bunq logo
Easy Bank Business
Qonto logo
Basic
Price, per month € 6.99 € 9.00
Commitment Cancel monthly Cancel monthly
Sign-up bonus 30 days free trial 30 days free trial
Official website bunq.com qonto.com
Accounts
IBANs NL, DE, FR, ES FR, IT, DE, ES
Sub-accounts included 1 1
Shared accounts Includes 1 additional shared account
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 2.00% 0.80%
Currency fee-free limit - -
ATM Withdrawals
Daily limit € 500 € 1,000
Free withdrawals, per month - -
After that, per withdrawal € 2.99 € 1.00
Withdrawal fee abroad € 2.99 € 1.00
Interest Rate
Current accounts 0,09%
Savings accounts 0,09%
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

Pros & Cons:

The comparison of dozens of terms and complex fee structures we provided below can get overwhelming - to help you digest that, we will provide some of the key benefits and disadvantages of both bunq and Qonto's propositions below.

bunq Easy Bank Business

  • Plus sign   Banking like a local all over Europe: low commission on non-Euro payments and bank accounts in multiple currencies
  • Plus sign   bunq Easy Bank business users automatically get interest on both current and savings accounts
  • Plus sign   Very reasonably priced with minimum additional fees - most companies would not pay more than the monthly fee
  • Minus sign  No phone support available - however, the online chat in-app is available 24/7
  • Minus sign  Not a great plan if you plan to frequently do ATM withdrawals: modest limits and moderately high fees
  • Minus sign  Unlike higher-tier plans available at bunq, Easy Bank does not provide customers with multiple sub-accounts

Qonto Basic

  • Plus sign   Qonto Basic allows you to upload and save your receipts to match them to your transactions
  • Plus sign   You can automate your finance management by connecting various apps and accounting software
  • Plus sign   Dedicated dashboard makes managing cash flow easy thanks to indicator charts and precise tracking of your in- and outflows
  • Minus sign  You can not get additional physical cards while virtual ones cost €2 each
  • Minus sign  Only having a single account with no "pockets" or "vaults" makes budgeting harder than it should
  • Minus sign  Lack of local payment methods outside of France is limited - make sure your favorites are supported

Summary: Qonto Basic or bunq Easy Bank Business?

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 (for both 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'd want to have an option of calling customer support by phone. Besides, Qonto feels like a more polished experience compared to bunq that is more powerful, yet rough around the edges. If any of the two banks sparked your interest, we provide links to the banks via the buttons below. Make sure to carefully review the variant you settled on using the information available at the bank's official websites.

We advise you to keep in mind that the information on pricing, specific billing details, contract terms and availability of products in various markets is subject to change and can appear different from the one provided in this article. Our goal is to keep the information in this comparison as fresh and factually correct as possible, but we do not claim that it is 100% accurate at all times. As such, we advise you to treat the information provided on this website as indicative and urge you to always check the banks' official websites for actual conditions prior to signing up.


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