OCTIS vs Qonto vs Rauva: business accounts for Portuguese companies
A pan-European account against a Portuguese all-in-one that bundles invoicing and accounting. What each charges and what each includes.
Last checked · 3 sources
Otty's short answer
Qonto suits a company that wants a mature euro account with accountant access, more cards and clear transfer fees, from €9 per month billed yearly. Rauva suits a new Portuguese sole trader or small Lda that wants an account, certified invoicing and optional accounting in one app, from €8 per month plus VAT. Rauva runs on a French e-money institution, so check the safeguarding terms of both.
Side by side
Swipe to see every column
| What matters | OCTISHong Kong company + OCTIS global plan | Qonto | Rauva |
|---|---|---|---|
| Entry price | 10–30% below your current bill | €9 per month (annual billing) | €8 per month plus VAT |
| Next tier | Prices not published | Smart €19, Premium €39 | Supercharged, quote-based |
| Transfers included | Collect and send payments via licensed partners | 30 per month on Basic | Free local transfers |
| Extra SEPA transfer | Set by our licensed partner; quoted before you commit | €0.20 each | Not published |
| Cards on entry plan | Corporate card via licensed partners | 1 physical, 2 virtual | 1 physical, 3 virtual |
| Foreign currency fee | Foreign exchange via licensed partners | 0.8% to 1.8% on Basic, min. €5 | Not published |
| Account currency | International multi-currency account via licensed partners | Not stated on pricing page | Business IBAN, country not stated |
| Certified invoicing built in | Not needed for the Hong Kong company; local rules apply if you trade there | Invoice management | Yes, certified invoicing |
| Accounting service | Bookkeeping by OCTIS accountants | Accountant access, no service | On Supercharged |
| Company creation | At least 10% below any qualifying quote (Lowest Price Guarantee); government fees and first-year secretary included | Not listed | Yes, ENI, unipessoal, Lda |
| Regulator and partner | OCTIS is not a bank; services via licensed partners | Not stated on pricing page | Via Swan, registered with Banco de Portugal |
| Free trial | 30-day money-back guarantee, terms apply | Not published | 30 days on Charged |
If you have staff, premises or local sales in this country, its own registration and tax rules still apply. OCTIS can help you arrange them.
Data sources & disclaimer: Comparison data was compiled from publicly available sources — including the competitors' own published pricing and feature pages — captured on 9 November 2026. Figures reflect the typical or advertised pricing at that time and may have changed since; plans, inclusions and prices vary by provider, region and promotion. OCTIS is independent and not affiliated with the named companies; all trademarks belong to their respective owners. This comparison is provided in good faith for general information only and is not professional, legal or financial advice — please verify current details with each provider before deciding.
Which one fits you
OCTIS · Hong Kong company + OCTIS global plan
Choose OCTIS if you sell to customers in several countries and want company, accounts, banking access and CRM in one place.
Qonto
Choose Qonto if you want a settled euro account, more cards and subaccounts as you grow, and a published fee schedule.
Rauva
Choose Rauva if you are starting out in Portugal and want the account, certified invoices and company creation in one place.
What the table does not show
Qonto fees in Portugal
Qonto lists three solo plans and three team plans, all excluding VAT and shown with yearly billing. Basic is €9 per month with 30 transfers, Smart is €19 with 100 and Premium is €39 with 200. Extra SEPA transfers cost €0.20 on the solo plans below Premium. International transfers cost 0.8% for common currencies (USD, GBP, CHF) and 1.8% for others on Basic and Smart, with a €5 minimum. Incoming SWIFT is free up to €500, then €5 per transfer.
What Rauva bundles
Rauva Charged costs €8 per month plus VAT, with a 30-day trial. It includes a business account, 1 physical and 3 virtual cards, certified invoicing, payment links and expense management. Rauva also forms sole traders, single-member companies and Lda companies. Dedicated accounting, with monthly filing and a named accountant, is listed on Supercharged, which is quote-based. The page does not publish transfer, card or FX fees.
Which licence stands behind each
Rauva says it does not provide payment services itself. The account is run by Swan, a French e-money institution supervised by the ACPR, which serves Portugal under cross-border rules and is registered with Banco de Portugal. An e-money account is not a bank deposit, so check each provider's safeguarding terms if you hold large balances. Qonto's pricing page does not state its licence.
Where OCTIS fits
OCTIS does not open accounts or keep books in Portugal. If your Malaysian or Hong Kong company sets up a Portuguese entity, pick the account on cost and bundled tools as above. The parent company's bookkeeping, tax filing and audit coordination are what OCTIS does, and switching can take 10–30% off your current bill.
Frequently asked questions
What is the best business account in Portugal for a small company?
It depends on what you need around the account. Qonto fits a company that wants cards, accountant access and clear fees. Rauva fits a new sole trader that wants invoicing and accounting bundled. Traditional banks add branches and credit.
Does Qonto charge VAT on its plans?
Qonto's Portugal page shows prices excluding VAT. Rauva also shows its Charged price plus VAT. Add Portuguese VAT to both when you compare against a bank's published price.
Can I hold US dollars in a Qonto account?
Qonto's Portugal page does not describe a multi-currency balance. Its listed fee for international transfers in USD, GBP or CHF is 0.8% on Basic and Smart, with a €5 minimum, and 1.8% for other currencies. If you hold several currencies, check a multi-currency provider.
Does Rauva include accounting in the €8 plan?
The plan page does not list accounting on Charged. The FAQ mentions organised accounting, and full certified accounting is listed on Supercharged. Ask Rauva what your own volume needs before you rely on it.
Sources
Checked on the date above. Links open the provider's or regulator's own page.