That's what we call multiple accounts.
👆 Good to know: this article is an in-depth look at Qonto sub-accounts. If you'd like to learn more about managing external accounts connected to your Qonto account, please visit this dedicated article.
How many accounts can I have?
If you have at least one Smart plan in our Solo offer or if you have chosen a plan in the Team offer, you can open multiple accounts based on your needs.
The following tables show you the maximum number of multiple accounts you can have depending on your plan (including your main account):
Solo offer
Basic |
Smart |
Premium |
1 |
2 |
5 |
Team offer
Essential |
Business |
Enterprise |
9 |
29 |
99 |
Thanks to multiple IBANs, you can:
- Set aside specific amounts to allocate to multiple projects and pay for planned or recurring expenses;
- Have one IBAN for each business that makes up your activity, for each client or specific project;
- Allocate budgets to your teams in a way that makes them independent while always maintaining control over their expenses.
This way you can separate the different expense items related to your business and better manage income and expenses.
How can I create a new current account?
When you register on Qonto, you open a first current account. If your plan allows it, you have the option to create new sub-accounts. Each sub-account has its own IBAN, its own bank statement, and allows you to make and receive all types of payments.
To create a new current account, all you have to do is:
Go to the Business account section of your Qonto web app and click on Accounts
Click on the Add account button
Choose the name of your new account, and you're done!
☝️ Good to know: The name you have chosen will appear on your bank details and on your bank statements, you can read the following article for more information How do I rename my multiple accounts?
How does it work?
It doesn't matter if you have one, two, or five current accounts, they all work the same way and offer the same features. Basically, you can associate cards, make transfers, set up SEPA direct debits, make payments, and receive money on each of your accounts.
✌️ Good to know: From the Accounts section of your Qonto app, access your IBANs and perform current operations such as transfers or direct debits simply by clicking on the various icons. Want to have a look at your transaction history? Just click on the card. Or, directly from each section, you can filter on the account of your choice by clicking on All accounts.
Note: All your monthly fees for your subscription and off-subscription operations will be charged to your first Qonto current account.
How to delete a multiple account
First, make sure the account has a zero balance (€0) and that there are no pending transactions or check deposits linked to the account.
Then, follow these steps:
Go to the Accounts section in your Qonto web application.
Select the account you want to delete.
Click on the three dots at the top right of the box and click on Close account.
Confirm the account deletion by entering the code received via SMS.
👉 You can also check this article: