Qonto Business Bank: Review (2022)

Qonto is an up-and-coming French fintech headquartered in Paris, France. Born "out of frustration with a lack of options", the bank's mission is to reinvent business banking by using design and technology to give entrepreneurs the best possible banking experience. Geared towards young and ambitious startup founders, business owners and digital entrepreneurs, the company aims to make their clients' day-to-day banking easy, while still providing a banking product that is on par with what is offered by traditional "brick-and-mortar" banks.

Being a relatively young challenger, you might be wondering if Qonto has what it takes to satisfy the banking needs of new-age digital entrepreneurs, freelancers and SMEs (also called "banks for professionals" in France). In this Qonto bank review we aim to provide you with exhaustive and up-to-date information so you can make an informed decision on whether opening a bank account at Qonto is the right choice for you and your business.

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.

Premium is Qonto's top-of-the-line subscription for freelancers and entrepreneurs. Impressive package of features, great mobile app and a very reliable banking infrastructure make this plan a very attractive proposition for professionals looking for the ultimate solution to their business banking needs. This plan is a great "middle ground" if you want to reap the benefits of both digital and "traditional" banks.

Business bank accounts offered by Qonto can also be found in our selection of "one-to-one" comparisons between the best plans currently available on the market. Please find these detailed comparisons below:

• Qonto Basic vs Anytime Start
• bunq Easy Bank vs Qonto Basic

Bank accounts for business banking by Qonto vary quite significantly both in the range of features available, business types they target, and, of course, in price. Find a detailed breakdown of all Qonto plans offered to businesses in our comparison table below.

Advantages

Disadvantages

Does the feature set of Qonto lack something you are explicitly looking for? Perhaps, you are looking for a company account in a different price range? Or do you want to find a more powerful solution for your needs? Below, we will provide you with three Qonto alternatives other users found relevant.

Qonto is a typical French bank. Despite the recent worldwide push for impersonal, fully digital and text-based communication, business in France just doesn't happen without some chit-chat and a few smiles and handshakes here and there. Which is why the real USP of Qonto is being a "half/half" option for people tired enough of traditional banks because of how slow they are or how they lack flexibility, but not yet ready to dive deep into mobile-first solutions other banks we reviewed already.

All in all, Qonto might be a great choice in a few cases: if your business has very specific needs regarding banking and wants to see the bank as flexible as possible; if you highly prefer having a dedicated account manager; or in case you deal a lot with cheque payments (something other digital-first banks rarely get involved with). Either way, it feels like Qonto found their niche - it's just between the "laptop and hoodie" millenial tech entrepreneurs and old-school "pen and paper" businessmen who are soon to retire. Do you fit in?