Updated September 28, 2026 · DebitCue Editorial Team
Nexo vs Qonto
Nexo
Higher score in this comparison
Qonto
Nexo vs Qonto: the differences
| Compare | NexoReviewVisitVisit | QontoReviewVisitVisit |
|---|---|---|
| Monthly fee | €0Lower | €9 |
| Currency conversion fee | 0.2% to 2.5%Lower | 2% |
| Free ATM withdrawals | €200 to €2,000Higher | €0 |
| Currencies | 100 | from 30 |
| Cashback rate | 0.1% to 2% | Not confirmed |
| Custody | Custodial | Not confirmed |
Same on both: Card type (Debit), Card network (Mastercard).
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Key differences
- Nexo scores higher overall: 8.9 vs 8.7.
- Founded is lower at Qonto: 2017 vs 2018.
- Nexo is licensed in 5 more countries.
- Nexo is available in 28 more countries.
- Monthly fee is lower at Nexo: €0 vs €9.
- Currency conversion fee is lower at Nexo: 0.2% to 2.5% vs 2%.
- Free ATM withdrawals is higher at Nexo: €200 to €2,000 vs €0.
- Support channels: only Qonto offers Phone.
- Features: only Nexo offers Crypto, Custodial.
Our verdict on each
Nexo
Nexo suits people who hold crypto and want a card that costs nothing to keep and pays cashback in tokens. The monthly fee is €0, the cashback is paid in crypto rather than cash, and the conversion fee of 0.2% to 2.5% is the trade-off to weigh.
Qonto
Qonto suits a registered business that wants card insurance, deferred debit and multi-currency handling inside a single account rather than bought separately. The trade-off is price, with a monthly fee of €9 on the account and a conversion fee of 2% on the card, which is where Wise at £0 a month pulls ahead.
Score breakdown
| Area | Nexo | Qonto |
|---|---|---|
| Cost | 9.2HigherFree monthly and annual fees sit against a currency conversion fee of 0.2% to 2.5%, so spending abroad costs more. | 8.4Cost: a monthly fee of €9 against £0 at Wise, plus 2% on foreign spend and €0 in free withdrawals. |
| Offer | 9.3 | 9.4Higher |
| Trust | 8.4 | 8.5Higher |
Sources behind this comparison
Nexo
- nexo.com: 13 facts, checked September 26, 2026
Qonto
- qonto.com: 10 facts, checked September 26, 2026
- euclid.eba.europa.eu: 2 facts, checked September 26, 2026
How they place
| Ranking | Nexo | Qonto |
|---|---|---|
| Debit cards | 11 of 1336 | 10 of 1336 |
| Credit cards | 10 of 1020 | 8 of 1020 |
| Business debit cards | 4 of 201 | 3 of 201 |
| Travel cards | 9 of 443 | 8 of 443 |
Every fact side by side
| Fact | Nexo | Qonto |
|---|---|---|
| Features | Multi currency, Crypto, Virtual card, Custodial, TravelCovers more | Multi currency, Virtual card, Travel |
| Audience | Business | Business |
| Legal entity | DiPocket UAB | QONTO |
| Headquarters | Not confirmed | France |
| Founded | 2018 | 2017Lower |
| Support channels | Chat, Email, Help centre | Chat, Phone, Email, Help centreCovers more |
Credit cards
| Fact | Nexo | Qonto |
|---|---|---|
| Annual fee | €0 | €0 |
| APR | from 1.9%Lower | 17.5% |
| Rewards type | Cashback | None |
| Pricing model | No annual fee | No annual fee |
| Rewards rate | Up to 2% crypto cashback in NEXO Tokens, or 0.5% in BTC at Platinum tier, on purchases in Credit Mode | Not confirmed |
| Perks | Free ATM withdrawals up to EUR 2,000 / GBP 1,800 per month at Platinum tier, then 2% fee (min EUR/GBP 1.99), Apple Pay and Google Pay supported, Interest earned on unspent funds (Nexo Loyalty Program, up to 13% per year), Accepted at over 100 million merchants globally, Virtual card activated instantly with 50 USD balance; free shipping for physical card above 5,000 USD balance at Gold tier or higher, No monthly, annual or inactivity card fees | 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 |
| Cashback rate | 0.5% to 2% | Not confirmed |
| Card kind | Credit | Credit |
Where each stands against the rest
| Fact | Nexo | Qonto | Median |
|---|---|---|---|
| Monthly fee | €0at the median | €9highest quarter | €0 |
| Currency conversion fee | 0.2% to 2.5%below the median | 2%above the median | 1 |
| Free ATM withdrawals | €200 to €2,000highest quarter | €0below the median | €4 |
| Cashback rate | 0.1% to 2%at the median | Not confirmed | 2 |
| Currencies | 100highest quarter | from 30highest quarter | 8 |
Median across 387 listed cards.
Pros and cons
Nexo
Pros
- Free to keep: the monthly fee is €0 and the annual fee is €0.
- Cashback of 0.5% to 2% paid in NEXO Tokens, or in BTC at the Platinum tier.
- Free ATM withdrawals of €200 to €2,000 each month at the Platinum tier.
Cons
- Currency conversion costs 0.2% to 2.5%, above the site median of 1%.
- Support runs on chat, email and help centre only, with no phone line.
- Custody sits with the provider: the account is custodial, not self-custody.
Qonto
Pros
- Card insurance for travel, business purchases and fraud comes with the card.
- Multi-currency, virtual cards and travel use all sit inside the offer, so foreign buying needs no separate product (multi currency, virtual card and travel).
Cons
- The account charges a monthly fee of €9, while Wise charges £0 for the same job of holding money.
- Card conversion costs 2%, and the ranking on that measure is 160 of 259.
- Free ATM withdrawals come to €0, so cash at home or abroad is a charge rather than an included allowance.
Who each suits
Nexo
Who it suits
- Crypto holders who want everyday spending to pay part of the cost back in tokens.
- Business users, the audience Nexo lists, who pay across several of the 100 supported currencies.
- Travellers who keep their cash withdrawals inside €200 to €2,000 each month.
Who should look elsewhere
- Wise, for anyone who wants a multi-currency account without crypto cashback or interest on unspent funds.
- Varo Believe Secured Credit Card, for a secured credit card rather than a crypto-linked card, at a monthly fee of $0.
- Chime Card (Secured Visa Credit Card), for building credit on a secured card, at a monthly fee of $0.
Qonto
Who it suits
- A company paying suppliers in several currencies and issuing staff cards without an annual charge of €0.
- Readers who want chat, phone, email and help centre support with round the clock cover in France (chat, phone and email).
Who should look elsewhere
- Wise, for a reader who wants no monthly account charge, since Qonto costs €9 against £0.
- Varo Believe Secured Credit Card, for someone after a secured credit card at a monthly fee of $0 rather than a company current account.
- Chime Card (Secured Visa Credit Card), for a reader who wants a secured credit card billed at $0 a month.
Current offers
Qonto
Current offer
Free trial
1-month free trial on all Qonto plans: 1 month free
Shown on Basic, Smart, Premium, Essential, Business and Enterprise plan cards on the pricing page.
Source, checked September 26, 2026
First period offer
Remunerated account: 5% AER for 2 months, then 1.5% AER: 5% AER for 2 months, then 1.5% AER
Smart and Premium plans; requires at least 5 eligible transactions per month; remunerated balance cap EUR 50,000 (Smart) or EUR 100,000 (Premium).
Source, checked September 26, 2026
Country by country
| Country | Nexo | Qonto |
|---|---|---|
| Argentina | Yes | No |
| Australia | Yes | No |
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
8 of 36 countries where either is available.
Questions about each
Nexo
What does it cost to keep the Nexo card?+
The monthly fee is €0 and the annual fee is €0, and Nexo states there are no monthly, annual or inactivity card fees. The account is aimed at business users, so holding the card adds no fixed running cost to a budget.
What is the currency conversion fee?+
Conversion costs 0.2% to 2.5%, which sits above the site median of 1%. Spending in a currency other than your balance currency is the main cost to plan for, and free ATM withdrawals only run to €200 to €2,000 a month at the Platinum tier.
Qonto
What does a Qonto business account cost each month?+
The account is billed a monthly fee of €9 for being open, and the card itself adds an annual fee of €0, so nothing is due on the card beyond that. The monthly line is the one most comparisons turn on, and it is the figure to weigh against an account that charges nothing but offers less.
What does it cost to spend in another currency?+
A purchase in a currency other than the account's own carries a conversion fee of 2%, added to the local amount and charged on each transaction. Spending in the home currency avoids it, so the fee is easy to trigger by accident on a foreign trip and easy to avoid otherwise. Paying in the local currency is the habit that controls it.