Updated September 28, 2026 · DebitCue Editorial Team
Airwallex vs Qonto_AT
Airwallex
Higher score in this comparison
Qonto_AT
Where Airwallex and Qonto_AT differ
| Compare | AirwallexReviewVisitVisit | Qonto_ATReviewVisitVisit |
|---|---|---|
| Monthly fee | £0 | €9 |
| Currency conversion fee | 0.5%Lower | 2% |
| Card network | Visa | Mastercard |
| Currencies | 20 | from 30 |
| Free ATM withdrawals | Not confirmed | €0 |
| Cashback rate | 2% | Not confirmed |
Same on both: Card type (Debit).
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Key differences
- Airwallex scores higher overall: 9.0 vs 8.8.
- Founded is lower at Airwallex: 2015 vs 2017.
- Airwallex is licensed in 1 more country.
- Airwallex is available in 9 more countries.
- Currency conversion fee is lower at Airwallex: 0.5% vs 2%.
- Support channels: only Qonto_AT offers Email.
Our verdict on each
Airwallex
Airwallex suits businesses that hold and spend across several currencies, pairing a £0 monthly fee with 20 currencies, virtual cards and support by phone. The trade-off sits in conversion, where fees run 0.5%, a step above the cheapest rate on a comparison of 259 brands.
Qonto_AT
Qonto suits sole traders and small companies that want a euro account with a Mastercard card and an annual fee of €0. The account itself costs €9 a month and overdraft borrowing runs at 17.5%, so the card only pays off if you use it.
Score breakdown
| Area | Airwallex | Qonto_AT |
|---|---|---|
| Cost | 9.2HigherMonthly fee of £0 ranks 1 of 419, while conversion fees of 0.5% sit at 115. | 9.1 |
| Offer | 9.4Multi-currency, virtual cards and travel use are listed features, with cashback of 2% on spend. | 9.4 |
| Trust | 8.6Higher | 8.2 |
Licences and countries
| Country | Airwallex | Qonto_AT |
|---|---|---|
| France | Not confirmed | FR_ACPR PSD_PI FR_ACPR!68677 |
| Netherlands | De Nederlandsche Bank (DNB) R179622 | Not confirmed |
| Singapore | Monetary Authority of Singapore (MAS) PS20200541 | Not confirmed |
Available in 4 countries for both. Additional countries for Airwallex: 13. Additional countries for Qonto_AT: 4.
How they place
| Ranking | Airwallex | Qonto_AT |
|---|---|---|
| Debit cards | 4 of 1336 | 9 of 1336 |
| Credit cards | 2 of 1020 | 7 of 1020 |
| Business debit cards | 1 of 201 | 2 of 201 |
| Travel cards | 2 of 443 | 7 of 443 |
Also worth a look
eToro has currency conversion fee at 0%, against 0.5% for Airwallex and 2% for Qonto_AT.
eToro reviewWhat we checked
Airwallex
- airwallex.com: 7 facts, checked September 26, 2026
- play.google.com: 2 facts, checked September 26, 2026
- recordowl.com: 1 fact, checked September 26, 2026
- sgpbusiness.com: 1 fact, checked September 26, 2026
- transferfees.io: 1 fact, checked September 26, 2026
Qonto_AT
- qonto.com: 10 facts, checked September 26, 2026
- euclid.eba.europa.eu: 2 facts, checked September 26, 2026
Every fact side by side
| Fact | Airwallex | Qonto_AT |
|---|---|---|
| Features | Multi currency, Virtual card, Travel | Multi currency, Virtual card, Travel |
| Audience | Business | Business |
| Legal entity | Airwallex (Singapore) Pte. Ltd. | QONTO |
| Headquarters | Singapore | France |
| Founded | 2015Lower | 2017 |
| Support channels | Help centre, Phone, Chat | Chat, Email, Phone, Help centreCovers more |
Credit cards
| Fact | Airwallex | Qonto_AT |
|---|---|---|
| Annual fee | Not confirmed | €0 |
| APR | Not confirmed | 17.5% |
| Rewards type | Not confirmed | None |
| Pricing model | Not confirmed | No annual fee |
| Perks | Not confirmed | Card insurance included (travel, business purchases, fraud), Deferred debit option on Plus and X Cards at no extra cost, Account remuneration 5% AER for 2 months then 1.5% (Smart and Premium plans), Apple Pay and Google Pay compatible, 24/7 support in France, 7 days a week elsewhere |
| Card kind | Not confirmed | Credit |
Where each stands against the rest
| Fact | Airwallex | Qonto_AT | Median |
|---|---|---|---|
| Currency conversion fee | 0.5%below the median | 2%above the median | 1% |
| Free ATM withdrawals | Not confirmed | €0below the median | €4 |
| Cashback rate | 2%at the median | Not confirmed | 2% |
| Currencies | 20above the median | from 30highest quarter | 8 |
Median across 387 listed cards.
Pros and cons
Airwallex
Pros
- A monthly fee of £0 and a rank of 1 on 419 brands for this measure
- Accounts cover 20 currencies, so several balances can sit side by side
- Virtual cards and travel use are listed features, so staff spend and trips stay in the same place
Cons
- Conversion fees run 0.5%, so converting larger amounts costs more than at the cheapest rivals
- Cashback of 2% is small next to that conversion cost on cross-currency spend
- The account is aimed at business, so personal everyday spending sits outside its remit
Qonto_AT
Pros
- Annual card fee of €0, and card insurance covers travel, business purchases and fraud.
- Multi-currency, virtual card and travel features come with the Mastercard.
- Deferred debit is available at no extra cost on Plus and X Cards.
Cons
- The account charge of €9 a month sits above the site median €0.
- Conversion at 2% is above the site median 1%.
- Spend earns nothing back, with a rewards type of none.
Who each suits
Airwallex
Who it suits
- Businesses paying suppliers or contractors in other currencies
- Companies with staff travelling for work
- Startups keeping several currency balances side by side
Who should look elsewhere
- Single-currency spenders, who would get more from Wise
- Travellers wanting fee-free conversion, since fees run 0.5% here against 0.1% at Wise
- Households after a personal everyday card, where Varo Believe Secured Credit Card or Chime Card (Secured Visa Credit Card) fit better
Qonto_AT
Who it suits
- A sole trader or small company paying staff and suppliers from the same euro account.
- Businesses spending across from 30 currencies that keep a balance in each.
- Teams wanting a virtual card for subscriptions next to a physical Mastercard.
Who should look elsewhere
- Anyone after cashback on spend, since the rewards type here is none, so Chime Card (Secured Visa Credit Card) is worth a look.
- Anyone without a company behind the account, as Qonto is built for business customers and Wise serves personal money.
- Anyone building a credit record first, for whom Varo Believe Secured Credit Card is the secured option.
Current offers
Qonto_AT
Current offer
Free trial
1-month free trial on Qonto business account plans: 1 month free
Offered on the Basic, Smart and Premium business account plans; displayed prices are monthly equivalents billed annually
Source, checked September 26, 2026
Country by country
| Country | Airwallex | Qonto_AT |
|---|---|---|
| Australia | Yes | No |
| Austria | No | Yes |
| Belgium | No | Yes |
| Canada | Yes | No |
| China | Yes | No |
| Hong Kong | Yes | No |
| Israel | Yes | No |
| Italy | No | Yes |
8 of 21 countries where either is available.
Questions about each
Airwallex
What does it cost to hold an Airwallex account?+
The monthly fee is £0, so keeping the account open adds no recurring cost, and Airwallex ranks 1 of 419 brands on this measure. Conversion is the charge that follows, and it is listed separately.
What is the currency conversion fee on Airwallex?+
Conversion fees run 0.5%, which sits above the cheapest conversion available, and Airwallex ranks 115 of 259 brands on this measure. Converting only when the trade rate is worth the fee keeps that cost under control.
Qonto_AT
What does a Qonto business account cost each month?+
The account itself is billed at €9 a month, while the card carries an annual fee of €0. Overdraft borrowing is charged at 17.5%, and currency conversion on the card costs 2%. Card spend itself adds nothing, so the running cost depends on borrowing and on how often you pay in another currency.
Who supervises Qonto in France?+
Qonto is supervised in France by ACPR (Autorite de Controle Prudentiel et de Resolution), recorded as 16958. The French register lists the same authority as PSD_PI FR_ACPR!68677, and France is the headquarters country. Both entries point to the same French body, so the account sits under a single named supervisor.
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