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Personal Finance · head to head

Charles Schwab vs Qonto

Charles Schwab logo

Charles Schwab

Personal Finance

Investing made simple

From
On request
Rated
-
Full reviewWebsite
Qonto logo

Qonto

Accounting

French neobank and finance management platform for freelancers, SMEs and businesses

From
€9/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Charles Schwab broker-assisted trades cost $25 and automated phone trades cost $5 in addition to the standard $0 online commission, per the App Store listing for Schwab Mobile; Qonto pricing in EUR only, not USD

Where they differ

Only the attributes on which Charles Schwab and Qonto actually diverge.

Attributes where Charles Schwab and Qonto differ
AttributeCharles SchwabQonto
Starting priceOn request€9/month
Pricing modeltransactionsubscription
PlatformsWeb, IOS, AndroidWeb
CategoryPersonal FinanceAccounting
Founded1971Unknown

Identical on both: free tier (No), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Charles Schwab

  • Commission-free trading
  • Retirement planning
  • Wealth management
  • Research tools
  • Bank accounts
  • Investment accounts
  • Web support
  • IOS support

Only in Qonto

Nothing recorded that Charles Schwab does not also cover.

What people use each for

The jobs each tool is most often brought in to do.

Charles Schwab

  • Budget Managementnot Qonto
  • Expense Trackingnot Qonto
  • Investment Trackingnot Qonto

Qonto

  • Business bankingnot Charles Schwab
  • Team paymentsnot Charles Schwab
  • Cash flow managementnot Charles Schwab
  • Multi-currency transfersnot Charles Schwab
  • Freelancer paymentsnot Charles Schwab

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Charles Schwab

  • Broker-assisted trades cost $25 and automated phone trades cost $5 in addition to the standard $0 online commission, per the App Store listing for Schwab Mobile
  • Options trades carry a $0.65 per-contract fee on top of the $0 online commission, per the App Store listing for Schwab Mobile

Qonto

  • Pricing in EUR only, not USD
  • Basic tier limited to 30 transfers per month
  • Add-ons for invoice automation and project tracking cost EUR 12-39/month extra
  • Business tier minimum commitment for small team accounts
  • Business plan minimum pricing EUR 49/month vs self-employed EUR 9/month

Pricing, plan by plan

Charles Schwab

On request
  • Individual BrokerageFree
    • Commission-free trading
    • Research tools
  • Schwab Advisor Services$undefined/month
    • All Brokerage features
    • Wealth management
    • Personal advisors

Qonto

€9/month
  • Basic (Self-Employed)$9/month
    • 30 transfers
    • 1 physical + 2 virtual cards
    • Account remuneration 5% for 2 months
  • Smart (Self-Employed)$19/month
    • 100 transfers
    • 2 physical + 50 virtual cards
    • Account remuneration
  • Premium (Self-Employed)$39/month
    • 200 transfers
    • 2 physical + 50 virtual + 50 Instant cards
  • Essential (Business)$49/month
    • 250 transfers
    • 5 physical + 50 virtual cards
    • Multiple sub-accounts

Which should you pick?

Choose Charles Schwab if

  • You need commission-free trading.
  • You work on Web, IOS, Android.
  • You also want retirement planning.
Charles Schwab review

Choose Qonto if

Nothing in the data separates Qonto from Charles Schwab on the points above - pick on price and on how each one feels to use.

Qonto review

Questions people ask

Is Charles Schwab or Qonto better?
Neither clearly leads. Charles Schwab starts at On request and Qonto at €9/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Charles Schwab or Qonto?
Charles Schwab starts at On request and Qonto at €9/month.
Does Charles Schwab or Qonto run on more platforms?
Charles Schwab runs on Web, IOS, Android. Qonto runs on Web.
What is Charles Schwab best used for?
Charles Schwab is most often used for budget management, expense tracking, investment tracking. Of those, budget management and expense tracking are not what Qonto is typically brought in for.
What can Charles Schwab do that Qonto cannot?
Charles Schwab covers Commission-free trading, Retirement planning, Wealth management, Research tools.

Answered from the vendors’ own pages

Qonto: How much does Qonto cost?

Qonto's self-employed plans range from EUR 9/month (Basic) to EUR 39/month (Premium). Business plans range from EUR 49/month (Essential) to EUR 199/month (Enterprise).

Source
Qonto: What is included in Qonto's Basic plan?

The Basic plan costs EUR 9/month and includes 30 monthly transfers, 1 physical card and 2 virtual cards, plus account remuneration at 5% for the first 2 months.

Source
Qonto: What is the difference between self-employed and business plans?

Self-employed plans (Basic to Premium) are for individuals and cost EUR 9-39/month. Business plans (Essential to Enterprise) offer more transfers and cards for teams, ranging from EUR 49-199/month.

Source
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