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Bakai Bank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Bakai Bank suits people in Kyrgyzstan who want a bank licence, a mobile-only account and a fixed-term deposit they can open in the app. The headline rate is 14.2% on fixed terms, and it is supervised by the National Bank of the Kyrgyz Republic.

Key facts

Best for
A mobile-only bank account in Kyrgyzstan with a fixed-term online deposit
Currency conversion fee
0.3%↗
Currencies
5↗
Transfer fee
Variable based on amount and destination country↗
Legal entity
BAKAI OJSC↗
Headquarters
Kyrgyzstan↗
Founded
1998↗
Support channels
Phone, Help-centre↗
Pricing model
Fixed rate
Features
Digital-only
Official website
bakai.kg

Savings

Headline rate
14.2%↗
Rate type
Fixed↗
Term
up to 24 months↗
Access terms
Online deposit: fixed term up to 24 months, opened in the BAKAI mobile app↗
Account kind
Fixed↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataXLinkedIn

Pros and cons

Pros

  • It is licensed by the National Bank of the Kyrgyz Republic under licence 043
  • Currency conversion costs 0.3%, close to the 0.5% median across the comparison
  • The online deposit pays 14.2% on fixed terms, well above the 3% median in the comparison
  • The service is digital only, with help through phone and help centre

Cons

  • Currencies are limited to 5, below the 9 median for everyday accounts
  • The account type is fixed and the term runs to up to 24, so savings are tied up for the full period
Bakai Bank

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Scored 9.0 / 10 by VaultCue.

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Who it suits

  • Account holders in Kyrgyzstan who want a bank licence rather than an e-money wallet
  • People who want a fixed-term deposit opened inside the BAKAI mobile app at a rate near the top of the comparison
  • Customers who hold a few currencies and are happy to bank without branches

Who should look elsewhere

  • People who need a long list of currencies, since Skrill and PayPal Colombia cover more of them
  • Anyone who wants to add to their savings at will, as the account type is fixed
  • Readers who want a wider field to compare, where the site lists 3 alternatives

The company behind it

Bakai Bank trades as BAKAI OJSC and sits in Kyrgyzstan. It was founded in 1998 and carries a licence from the National Bank of the Kyrgyz Republic, 043. Banking runs through the app, as the service is digital only, and questions are handled through phone and help centre.

How Bakai Bank compares

Where Bakai Bank is available

Available
Kyrgyzstan
Licence in Kyrgyzstan
National Bank of the Kyrgyz Republic (NBKR) (043), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Is Bakai Bank a licensed bank?+

Yes. Bakai Bank holds a licence from the National Bank of the Kyrgyz Republic, 043, and trades as BAKAI OJSC from KG. That makes it a bank rather than an e-money wallet.

What rate does the online deposit pay?+

The online deposit pays a headline rate of 14.2%, and the account type is fixed. Terms run to up to 24, and the deposit is opened inside the BAKAI mobile app.

What does it cost to convert currency?+

Currency conversion costs 0.3%, which sits near the 0.5% median across the comparison. For scale, Skrill charges 3.99% and PayPal Colombia 3% to 4% on the same kind of conversion.

What does a transfer cost?+

There is no single transfer price, because the fee is Variable based on amount and destination country. Sending money abroad is priced on the amount and the destination country, so the cost depends on each payment rather than sitting at one rate.

How many currencies can I hold?+

Currencies number 5, which matches the 5 median in the comparison but sits below the 9 median for everyday accounts. The account also appears on the multi-currency table.

Is there a mobile app?+

Yes. The service is digital only, and the online deposit is opened in the BAKAI mobile app. Everyday banking and deposits are both run from that app.

How do I get help?+

Support runs through phone and help centre. You can reach the bank by phone or use the help centre, and questions about the deposit can be raised alongside the app used to open it.

Who is Bakai Bank for?+

Bakai Bank is based in Kyrgyzstan and was founded in 1998. The fixed deposit at 14.2% fits savers who can leave money out for up to 24 and want a bank licence rather than a wallet.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Monthly fee, Licence type, Deposit protection.

Bakai Bank

Bakai Bank

A mobile-only bank account in Kyrgyzstan with a fixed-term online deposit

9.0/10See alternatives