Put your extra cash to work and earn daily returns with Qonto's MMF Investment feature. 🚀 This lets you invest directly from your Qonto account into a professionally managed Money Market Fund (MMF) that holds safe, short-term assets like government bonds.
You can invest from as little as €1, and your returns are automatically reinvested to grow your balance over time. View everything in your Qonto app and get your money back when you need it (usually within the next two business days).
This is an investment, not a savings account. Your money moves off your Qonto account into a separate investment account managed by our regulated partners, Upvest and Concedus.
💡 Available on web 💻 and mobile📱 app for: GmbHs and UGs registered in Germany, on Smart, Essential, Premium, Business, or Enterprise plans. Accessible by Owner with SCA enabled (Accountants can view only, not invest).
1. What is MMF Investment and how does it work?
A Money Market Fund (MMF) is an investment fund that holds safe, short-term assets like government bonds and high-quality corporate debt. It's designed to provide stable returns while keeping your money accessible.
Your funds are invested in the BlackRock ICS Euro Liquidity Fund Core Acc (ISIN: IE0005023910). The fund holds only high-quality, short-term securities. As an accumulating fund, income is not distributed separately. Instead, the total return reflects changes to the fund's net asset value (NAV), based on the amortised cost of the underlying securities and the income accrued within the fund, as represented by the fund's price.
For more details about the fund, visit the official BlackRock fund page.
We are partnering with two BaFin-licensed investment firms to offer this service:
- Upvest: Provides technology and custody services
- Concedus: Is legally responsible for the investment service provided by Qonto (reception and transmission of investment orders)
Both partners are regulated by German financial authorities and follow strict GDPR data protection rules.
To set up your investment account, we share information you've already provided (like your business details and identity verification) with our partners. We also collect your tax residency information to comply with regulatory requirements.
☝️ Important: This is an investment, not a savings account or bank deposit. Your money moves into a separate investment account that is legally distinct from your Qonto account. The fund's assets are held by J.P. Morgan SE – Dublin Branch, acting as the fund's depositary. Your invested funds are segregated and safeguarded independently from Qonto, Upvest, and Concedus.
2. Why can't I access the investment feature?
If you're unable to access investments, here are the most common reasons:
- You're on the Basic plan (upgrade to Smart or higher to gain access)
- Your legal form isn't supported yet - we currently only support GmbH and UG
- You don't have Owner role in your Qonto account
- You organization is not based in Germany
Why can't I access the feature after upgrading my plan?
Eligibility is refreshed once per day at 4 am. If you've recently upgraded your plan, access to the MMF investment feature may not be available immediately. You'll gain access after the next refresh, provided all other eligibility criteria are met.
Can my application be rejected?
Yes, in rare cases your onboarding application may be rejected due to:
- Missing or incomplete business documentation
- Tax residency information that is incomplete or unclear
- Additional verification needed for compliance reasons
3. What if I need to update my business or personal information?
In some cases, we may ask you to update your identity or business documents before you can activate or continue using MMF Investment. This is a legal requirement for financial institutions offering investment services.
We may request updated documents if:
- Your ID, passport, residence permit, or business registration documents have expired
- Your address, tax residency, ownership structure, or beneficial owner information has changed
- Required information is missing or incomplete
What you may need to provide
- Valid identity document (ID card or passport)
- Current residence permit (if applicable)
- Proof of address dated within the last 3 months
- Updated business documents if company details or ownership have changed
How to submit: Contact Qonto Customer Care, indicate your information needs updating, and confirm you want to proceed with the Investment feature: Customer Care
Processing time
Most updates are reviewed within 2–5 business days. You’ll be notified by email once approved.
⚠️ Important: We’re legally required to maintain current, accurate information for all investment account holders. If requested updates aren’t provided promptly, access to the investment feature may be temporarily restricted until compliance requirements are met.
4. What are the risks and protections?
This is not a bank deposit, which means different protections and risks apply.
Important information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Before investing:
- Your investment value can fluctuate based on market conditions
- You could theoretically get back less than you invested (though this is rare with high-quality MMFs)
- No deposit insurance protection applies
- Returns are not guaranteed and can change daily
Money Market Funds are investment products, not savings accounts or bank deposits. They are not covered by statutory deposit protection. Returns are variable and not guaranteed, and your capital is at risk.
Regulatory protections:
- Heavily regulated by BaFin (German financial regulator) and EU authorities
- Invests only in high-quality, short-term securities
- Your assets are kept separate in custody (segregated from partner companies' assets)
- The fund's depositary provides regulatory oversight and safeguards your assets independently
5. How much can I invest and when can I access my money?
Investment limits:
- Minimum: €1 per transaction
- Maximum: 1.5M€
Supported currencies:
EUR only. This is a Euro-denominated fund, so you can only invest in Euros.
Accessing your money:
Your money typically returns to your Qonto main account within the next two business days when you sell your assets. There are no penalties, early withdrawal fees, or lock-up periods.
Trading hours:
- Orders placed Monday to Friday before 13:00 CET: Processed instantly
- Orders placed after 13:00 CET: Processed the next business day
- Weekends and bank holidays: Processed on the next business day
6. How do I track and manage my orders? (NEW)
Once you place a buy or sell order, you can track it directly in your Investment Cockpit. Each order shows the following details:
| Field | Description |
|---|---|
| Fund Name | BlackRock ICS Euro Liquidity Fund |
| ISIN | IE00B44QSK91 |
| Price per Unit | Net price at the time of execution |
| Execution Date | The date the order was actually traded (not the placement date) |
| Ex-Ante Report | Regulatory document describing the cost (MiFID II) — available as a downloadable PDF |
| Service Fee | Shown quarterly upon collection and for sell orders only when 100% of assets are liquidated |
| Debited / Credited Account | Shows which account was debited (Buy) or credited (Sell) |
What happens to my order after it's placed?
| Status | What it means | Can I cancel? |
|---|---|---|
| Processing / In Progress | Order is currently being processed | ✅ Yes, before the cut off time |
| Completed | Fully settled, cash is in your account | ❌ No |
| Cancelled | Cancelled by you or by our partner | ❌ No |
Can I cancel a Processing order?
Yes, as long as your order is not yet executed. To cancel:
- Open your Investment Cockpit
- Go to your order history
- Select the processing order
- Tap "Cancel Order"
Cancellation is no longer possible after the cut-off time.
7. What returns can I expect?
Your net return depends on your Qonto subscription plan. Higher plans receive better rates.
Current estimated net yields (APY):*
- Smart: 1.12 %
- Premium: 1.32 %
- Essential: 1.52 %
- Business: 1.72 %
- Enterprise: 1.92 %
APY (Annual Percentage Yield) is the yearly rate you actually earn on your savings, after Qonto fees, before taxes, with compounding included. This figure is calculated from the past 30 days of performance and may change with market conditions — it is not a guaranteed future return.
How returns are calculated:
When you invest, your euros are converted into fund units (shares) at the current unit price (the NAV — Net Asset Value). The number of units you hold stays fixed until you buy or sell more. Every trading day, BlackRock recalculates the fund's NAV upward to reflect the income accrued from the underlying securities. Because each unit you hold is worth slightly more, your total balance grows, without any cash being distributed or credited separately.
Your balance in the app = number of units × current NAV price.
Example:
- You are on the Premium plan and invest €1,000
- You receive ~6.757 units at ~€147.995/unit
- After one year, the fund's gross yield is 2.03%, so each unit is worth ~€150.995
- Your gross balance is then €1,020.30
- Qonto service fee (0.8% p.a. on invested amount) is €8.00 (~€2.00 collected per quarter from your investment balance)
- Your net balance is €1,012.30 and net APY: 1.23%.
How the APY is derived: The APY shown is calculated from the fund's actual NAV growth over the last 30 days, annualized. It reflects your net return after all fees (including Qonto service fee. It updates daily and is not a guaranteed forward rate, it moves with ECB policy rates and market conditions.
⚠️ Important: Rates shown are net of Qonto fees and before taxes. Past performance does not guarantee future results.