Updated September 29, 2026 · VaultCue Editorial Team
Alipay vs Mox Bank
Alipay
Higher score in this comparison
Mox Bank
Alipay vs Mox Bank: the differences
| Compare | AlipayReviewSee alternativesSee alternatives | Mox BankReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | CN¥0 | HK$0 |
| Currencies | 18Higher | 17 |
| Transfer fee | 3% over RMB 200 | 0 remit fees on all global money transfers (Express Remit) from 2 July 2024 |
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Key differences
- Alipay scores higher overall: 9.0 vs 8.6.
- Founded is lower at Alipay: 2004 vs 2020.
- Currencies is higher at Alipay: 18 vs 17.
- Support channels: only Mox Bank offers Phone, Help centre, Community.
- Pricing model: only Mox Bank offers Low FX.
Our verdict on each
Alipay
Alipay suits travellers who need to pay and send money in China and want a wallet with a monthly fee of CNY 0, taking an overall score of 7.3. Money is held free of charge, but transfers carry 3% over RMB 200 and support runs on email only.
Mox Bank
Mox Bank suits readers who want a digital-only account that credits interest daily and moves money across several currencies, not the highest savings rate. The monthly fee on the easy access account is HKD 0, transfers carry fees of HKD 0, and the savings rate is 0.001%.
Score breakdown
| Area | Alipay | Mox Bank |
|---|---|---|
| Cost | 9.3HigherMonthly fee of CNY 0 to hold the account, with transfers costed at 3% over RMB 200. | 9.1 |
| Offer | 8.9Covers 18 currencies and pays out to a bank or a wallet from a digital only account. | 8.9A variable savings rate of 0.001% and delivery in 20 seconds to 1 week keep the offer modest. |
| Trust | 8.9Higher | 8.1 |
How they place
| Ranking | Alipay | Mox Bank |
|---|---|---|
| Money transfer services | 244 of 1564 | 425 of 1564 |
| Online banks | 94 of 402 | 190 of 402 |
Every fact side by side
| Fact | Alipay | Mox Bank |
|---|---|---|
| Audience | Travelers | Not confirmed |
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Features | Digital only | Digital only |
| Legal entity | Alipay (Hangzhou) Technology Co. Ltd | Mox Bank Limited |
| Headquarters | China | Hong Kong |
| Founded | 2004Lower | 2020 |
| Support channels | Email, Phone, Help centre, CommunityCovers more |
Money transfer
| Fact | Alipay | Mox Bank |
|---|---|---|
| Delivery time | Within minutes (bank-to-wallet) | 20 seconds to 1 week |
| Payout methods | Bank, Wallet | Bank, Wallet |
| Fee to send 1,000 | CN¥0 | HK$0 |
Where each stands against the rest
| Fact | Alipay | Mox Bank | Median |
|---|---|---|---|
| Currencies | 18highest quarter | 17highest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
Alipay
Pros
- Monthly fee of CNY 0 puts it 1 of 500 brands on this measure.
- Currency reach of 18 sits above the 5 median for multi-currency accounts.
- Payouts reach a bank or a wallet, and bank-to-wallet remittances land within minutes.
Cons
- Transfer charges apply: the quoted transfer fee is 3% over RMB 200.
- Support runs on email only, so a blocked payment has to be chased in writing.
- Currency reach is mid table: 18 currencies ranks 62 of 379.
Mox Bank
Pros
- A monthly fee of HKD 0 on the account, with a no monthly fee and low fx pricing model.
- Transfer fees of HKD 0 on Express Remit transfers, paying out to bank and wallet.
- Interest is credited daily and the savings balance is usable for daily purchases.
Cons
- The savings rate of 0.001% sits far under the 3% common across the accounts compared here.
- The service is digital only, so everything runs through the app rather than a branch.
- Transfers can take 20 seconds to 1 week to arrive.
Who each suits
Alipay
Who it suits
- Travellers heading to China who want to pay and send money from a phone.
- Anyone who wants a wallet with a monthly fee of CNY 0 and 18 currencies.
- People already paying in China who also need to receive money from abroad.
Who should look elsewhere
- PayPal Colombia, if a wallet in US dollars suits you better than paying in renminbi, with a monthly fee of $0.
- Skrill, if you would rather hold euros in one account than carry 18 currencies.
- eToro, if you want everyday money on a trading platform, whose monthly fee is £0, rather than a payments wallet.
Mox Bank
Who it suits
- People who want the same balance to cover daily spending and savings, with interest credited daily.
- Readers who send money abroad regularly and value transfer fees of HKD 0.
- Anyone banking entirely in an app across 17 currencies.
Who should look elsewhere
- Anyone chasing a high savings rate, since AXI Card Tarjeta y Credito shows 21.59%.
- Readers who want more from a savings product: PayPal Colombia lists 3.3%.
- Plazo ES suits people who prefer a headline rate of 24.19% over daily crediting.
Current offers
Mox Bank
Current offer
Bonus
Mission Bonus Rate: Up to 3.5% p.a. on deposit
Stacking missions; see Mission Bonus Rate Promotion (2026) Terms and Conditions
Source, checked September 26, 2026
Bonus
Mox Payroll: 1.5% p.a. savings top up
Set payroll with Mox; see Payroll Transfer Promotion Terms and Conditions
Source, checked September 26, 2026
Country by country
| Country | Alipay | Mox Bank |
|---|---|---|
| Hong Kong | No | Yes |
Questions about each
Alipay
Does Alipay charge a monthly fee?+
The monthly fee is CNY 0, so there is nothing to pay for keeping the account open. That puts Alipay alongside PayPal Colombia, Skrill and eToro, whose monthly fees are $0, €0 and £0.
What does it cost to send or top up money?+
Transfer pricing is where the cost sits. The quoted transfer fee is 3% over RMB 200, and the consumer side fee is CNY 0. Since the account costs nothing to hold, the amount you send matters more than how often you send it, and the threshold is worth checking before a large transfer.
Mox Bank
What does Mox Bank charge to keep an account open?+
The account carries a monthly fee of HKD 0, and the pricing model is no monthly fee and low fx. That matches the €0 median monthly fee across the accounts compared here, which leaves the account among the cheapest digital banks to hold.
How much interest do I earn on Mox savings?+
The headline rate is 0.001% and the rate type is variable, so the return can move rather than staying fixed for a term. Interest is credited daily to the Mox Account, and the savings balance can be spent on everyday purchases. Readers shopping for yield should compare the 3% median here.
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