Mercury vs Qonto.
Mercury (M70/100) and Qonto (Q51/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Mercury leads Qonto 7-2.
| M Mercury №33 · FDIC 70 /100 | Q Qonto №70 · Payment institution license 51 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 71 /100 | 51 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €9 /mo |
| FX markup Debit card abroad | 1.00% | 1.70% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Partner-bank FDIC | Payment inst. |
| Deposit guarantee Per depositor | $250,000 US.FDIC | Safeguarded EU.DGS.FR |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 8 countries |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | Yes | No |
| UX | ||
| Trustpilot Customer score | 4.4 ★ 1k reviews | 4.8 ★ 50k reviews |
| App store iOS + Android avg | 4.6 ★ iOS 4.7 · And 4.5 | 4.5 ★ iOS 4.8 · And 4.3 |
| Read review → | Read review → | |
Pick Mercury if…
Pick if you run a US LLC or C-Corp and want $5M sweep FDIC coverage. Personal accounts not supported.
Pick Qonto if…
Pick if you run an EU SME and need multi-currency invoicing, accounting integrations, and proper receipts.
- Best for fees Mercury won 2 of 4
- Best for protection Mercury won 2 of 2
- Best for reach Tied
- Best for ux Tied
Mercury vs Qonto — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Mercury better than Qonto?
Under our v3 methodology, Mercury leads Qonto 7–2 across 12 dimensions. Composite scores: Mercury 70/100 vs Qonto 51/100. Mercury is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Mercury or Qonto cheaper?
Monthly fee — Mercury: €0; Qonto: €9. Card FX markup — Mercury: 1.00%; Qonto: 1.70%. Mercury wins more fee rows (2 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Mercury or Qonto?
Mercury holds a Partner-bank licence under FDIC; deposit guarantee per depositor: $250,000. Qonto holds a Payment inst. licence under Payment institution license (France, 2018); EU passport across served markets; filed for full French banking license in July 2025; deposit guarantee per depositor: Safeguarded. Mercury is the stronger pick on regulatory protection.
Where can I use Mercury and Qonto?
Mercury operates in 1 country; Qonto operates in 8 countries. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.