Updated September 28, 2026 · DebitCue Editorial Team
Monzo vs Qonto_AT
Monzo
Higher score in this comparison
Qonto_AT
Monzo vs Qonto_AT: the differences
| Compare | MonzoReviewVisitVisit | Qonto_ATReviewVisitVisit |
|---|---|---|
| Monthly fee | £0 | €9 |
| Currency conversion fee | 0%Lower | 2% |
| Free ATM withdrawals | £200 | €0 |
| Currencies | 38 | from 30 |
Same on both: Card type (Debit), Card network (Mastercard).
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Key differences
- Monzo scores higher overall: 9.2 vs 8.8.
- Founded is lower at Monzo: 2015 vs 2017.
- Qonto_AT is available in 7 more countries.
- Currency conversion fee is lower at Monzo: 0% vs 2%.
- Support channels: only Qonto_AT offers Email.
- Features: only Qonto_AT offers Multi currency.
- Audience: only Monzo offers Kids.
Our verdict on each
Monzo
Monzo pairs a fee-free debit account with a fee-free credit card, so it suits anyone who wants no monthly charge and no foreign transaction cost. The current account charges a monthly fee of £0 and the card runs at an APR of 29% on borrowing.
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 | Monzo | Qonto_AT |
|---|---|---|
| Cost | 9.4HigherMonthly fee of £0 and conversion fee of 0% lead the site's cost columns, though the £200 ATM allowance is mid-table. | 9.1 |
| Offer | 9.7HigherA credit card with an £0 annual fee, rewards type none, a 0% conversion fee and virtual card and travel features. | 9.4 |
| Trust | 8.6Higher | 8.2 |
Where each is licensed and available
| Country | Monzo | Qonto_AT |
|---|---|---|
| France | Not confirmed | FR_ACPR PSD_PI FR_ACPR!68677 |
| United Kingdom | Not confirmed |
Additional countries for Monzo: 1. Additional countries for Qonto_AT: 8.
Positions in our rankings
| Ranking | Monzo | Qonto_AT |
|---|---|---|
| Debit cards | 21 of 1336 | 9 of 1336 |
| Credit cards | 18 of 1020 | 7 of 1020 |
| Business debit cards | 5 of 201 | 2 of 201 |
| Travel cards | 13 of 443 | 7 of 443 |
Sources behind this comparison
Monzo
- monzo.com: 10 facts, checked September 26, 2026
- en.wikipedia.org: 2 facts, 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 | Monzo | Qonto_AT |
|---|---|---|
| Features | Virtual card, Travel | Multi currency, Virtual card, TravelCovers more |
| Audience | Kids, BusinessCovers more | Business |
| Legal entity | Monzo Bank Limited | QONTO |
| Headquarters | United Kingdom | France |
| Founded | 2015Lower | 2017 |
| Support channels | Chat, Phone, Help centre | Chat, Email, Phone, Help centreCovers more |
Credit cards
| Fact | Monzo | Qonto_AT |
|---|---|---|
| Annual fee | £0 | €0 |
| APR | 29% | 17.5%Lower |
| Rewards type | None | None |
| Pricing model | No annual fee | No annual fee |
| Perks | 0% interest over 3 months on purchases of GBP 100 or more, repeatable, 0% interest if you pay in full, No overseas fees (Mastercard exchange rate only), Section 75 purchase protection, Credit limit up to GBP 10,000, Flex purchases from up to 2 weeks ago, Instant notifications and real time balance updates, Separate paid card: Aura (GBP 15 a month) adds 1% cashback on groceries, 0.5% on everything else uncapped, auto invested cashback, Apple TV, Google AI Plus, 2 airport lounge and 2 fast track passes a year | 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 | Credit | Credit |
Where each stands against the rest
| Fact | Monzo | Qonto_AT | Median |
|---|---|---|---|
| Currency conversion fee | 0%below the median | 2%above the median | 1% |
| Currencies | 38highest quarter | from 30highest quarter | 8 |
Median across 387 listed cards.
Pros and cons
Monzo
Pros
- Currency conversion fee of 0% and monthly fee of £0, ranking 1 of 259 and 1 of 419 on the site.
- Free ATM withdrawals cover £200.
- A £0 annual fee credit card at 29% APR, with no interest when the balance is paid in full.
Cons
- Rewards type on the credit card is none, and cashback sits behind a separate paid card tier.
- The £200 free ATM allowance ranks 15 of 115 on the site.
- Borrowing costs 29% APR, while the site median APR is 20.97%.
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
Monzo
Who it suits
- UK residents who want a debit account with a monthly fee of £0.
- People who spend abroad often, since the conversion fee is 0%.
- Households covering kids and business needs, from children's spending to business banking.
Who should look elsewhere
- Wise, if paying 0.1% on currency conversion suits you better than Monzo's 0%.
- Varo Believe Secured Credit Card, if a secured credit card is the point and not a £0 fee-free debit account.
- Chime Card (Secured Visa Credit Card), if a US dollar product suits you better: its monthly fee is $0.
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
Monzo
Current offer
Free trial
Annual Uber One Membership - 3 month free trial: 3 months free
Included with Monzo Perks and Max subscriptions; Ts&Cs apply
Source, checked September 26, 2026
Bonus
The 2026 Monzo Saving Challenge: Save from 1p to GBP 667.95 and be in with a chance of winning GBP 10,000; 5% AER (variable) paid monthly
Ts&Cs apply; Extra, Perks and Max customers unlock new challenge levels, bigger savings and monthly prize draws
Source, checked September 26, 2026
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 | Monzo | Qonto_AT |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| France | No | Yes |
| Germany | No | Yes |
| Italy | No | Yes |
| Netherlands | No | Yes |
| Portugal | No | Yes |
| Spain | No | Yes |
8 of 9 countries where either is available.
Questions about each
Monzo
How much does it cost to keep a Monzo account?+
The current account charges a monthly fee of £0, and the credit card has an annual fee of £0. On the site's monthly fee column that ranks 1 of 419, so there is nothing to budget for just to keep the account open.
What does it cost to spend abroad?+
The currency conversion fee is 0% on the Mastercard network, so spending abroad adds no conversion charge. The site median for the same column is 1%, while cards with no foreign fee peak at 1.95%.
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.