Banking · Retail bank
Qonto: online business account, French payment institution
Online business account for companies and self-employed professionals, issued by a payment institution licensed in France. It is not a bank: funds are safeguarded, and account opening is aimed at companies registered in the countries served.
Please note
Characteristics
- Family
- Retail bank
- Regulator
- Autorité de contrôle prudentiel et de résolution
- Regulator country
- France
- Deposit guarantee
- Partly
- Remote opening
- Yes
- Currencies
- EUR
- Services
- Current account · Payment card · International transfers
- Accepted residencies
- France
- Refused residencies
- Not provided
- Home country
- France
In France, the account is available to companies registered in France and in the overseas territories. Qonto publishes national websites for Germany, Spain, Italy, Austria, Belgium, Portugal and the Netherlands; the conditions specific to those countries have not been recorded.
Entities and regulatory status
| Entity | Jurisdiction | Status | Regulator | Protection of funds |
|---|---|---|---|---|
| Qonto (établissement de paiement)holds the accountThe exact registered name was not found on the page consulted. The press has reported an application for a credit institution licence; it is not presented here as having been granted. | France | Payment or e-money institutions | ACPRLicence CIB 16958 |
Who can open or keep an account
| Country of residence | Case | Status | Conditions |
|---|---|---|---|
| France | Opening | Accepted | Companies registered in France and in the overseas territories.qonto.com |
| Germany | Opening | Unknown | National website exists; conditions not recorded. |
| Spain | Opening | Unknown | National website exists; conditions not recorded. |
| Italy | Opening | Unknown | National website exists; conditions not recorded. |
A country missing from this table is neither accepted nor refused: the information is not published.
Published figures
- Account feeNot provided
- Brokerage feeNot provided
- Deposit guarantee ceilingNot provided
- Entry ticketNot provided
Which entity, which status
Qonto describes itself as a regulated payment institution, licensed and supervised by the Autorité de contrôle prudentiel et de résolution, registered under CIB number 16958 (Qonto's page on its regulation). This status does not allow it to take deposits in the banking sense or to lend from its own funds as a bank does.
The press has reported an application for a banking licence with the European authorities. Until a licence is published, the status to bear in mind remains that of a payment institution.
Qonto's entry in the Banque de France's REGAFI register was not consulted; the registered name (Olinda according to secondary sources) has not been confirmed on an official page.
Who can open an account
The current account is open to companies registered in France and in the overseas territories. Qonto publishes national websites for several European Union countries, which points to a local offering, but the legal forms and countries accepted have not been recorded.
The manager's personal residence is not the main criterion: what matters is where the company is registered. An expatriate entrepreneur who keeps a French company remains within scope; the exact rule should be checked for a manager residing outside the European Union.
Account, card and currencies
The account is held in euros, with an IBAN, payment cards and SEPA transfers. The plans are billed monthly and vary according to the size of the company.
Plan prices, card limits and transfers outside the euro area: not included, as no dated fee schedule was read during this update.
Protection of funds
As a payment institution, Qonto must protect its customers' funds; it states that part of them is safeguarded with partner banks and that, should one of them fail, the deposits fall under the Fonds de garantie des dépôts et de résolution. This protection is not a guarantee of a deposit with Qonto itself: it applies to the bank where the funds are held.
The split of funds between bank safeguarding and other investments, and the limit applicable per customer, are not published in a form that can be cited on the page consulted.
Points to check
- The status in force on the date of account opening: a payment institution today, possibly a credit institution if a licence is published.
- The country where the company is registered, which determines the offering available.
- The nature of the protection of funds, which should not be confused with a deposit guarantee.