Monzo vs Qonto.
Monzo (M78/100) 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. Monzo leads Qonto 6-3.
| M Monzo №08 · Central Bank of Ireland 78 /100 | Q Qonto №70 · Payment institution license 51 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 78 /100 | 51 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €9 /mo |
| FX markup Debit card abroad | Interbank | 1.70% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | €200 /mo | — |
| Protection | ||
| Banking licence Tier | Full bank Central Bank of Ireland | Payment inst. |
| Deposit guarantee Per depositor | €100,000 EU.DGS.IE | Safeguarded EU.DGS.FR |
| Reach | ||
| Markets served Licensed jurisdictions | 2 countries | 8 countries |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | No |
| UX | ||
| Trustpilot Customer score | — | 4.8 ★ 50k reviews |
| App store iOS + Android avg | — | 4.5 ★ iOS 4.8 · And 4.3 |
| Read review → | Read review → | |
Pick Monzo if…
Pick if you bank in the UK or Ireland and value the best budgeting tools in the category.
Pick Qonto if…
Pick if you run an EU SME and need multi-currency invoicing, accounting integrations, and proper receipts.
- Best for fees Monzo won 3 of 4
- Best for protection Monzo won 2 of 2
- Best for reach Qonto won 1 of 3
- Best for ux Qonto won 2 of 2
Monzo vs Qonto — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Monzo better than Qonto?
Under our v3 methodology, Monzo leads Qonto 6–3 across 12 dimensions. Composite scores: Monzo 78/100 vs Qonto 51/100. Monzo is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Monzo or Qonto cheaper?
Monthly fee — Monzo: €0; Qonto: €9. Card FX markup — Monzo: Interbank; Qonto: 1.70%. Monzo wins more fee rows (3 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Monzo or Qonto?
Monzo holds a Full bank licence under Central Bank of Ireland; deposit guarantee per depositor: €100,000. 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. Monzo is the stronger pick on regulatory protection.
Where can I use Monzo and Qonto?
Monzo operates in 2 countries; 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.