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Updated September 28, 2026 · VaultCue Editorial Team

Banco Pichincha vs Finom

Banco Pichincha scores 9.4 and Finom 8.9 out of 10. Compare their differences and shared features below.
Finom

Finom

8.9/10
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Banco Pichincha

Banco Pichincha

Higher score in this comparison

9.4/10
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Where Banco Pichincha and Finom differ

Banco Pichincha vs Finom
CompareBanco PichinchaBanco PichinchaReviewSee alternativesSee alternativesFinomFinomReviewVisitVisit
Monthly fee$0€0
Transfer fee1% currency-change charge on branch transfers; 5% ISD applies to the amount above the exempt allowanceFree outgoing SEPA transfers up to EUR 2,500 per month (Solo plan); outgoing international payments 1% (Solo) to 0.20% (Pro)
Deposit protectionNot confirmedEU DGS up to EUR 100,000
CurrenciesNot confirmed17
Local account detailsNot confirmedIBAN
Free ATM withdrawalsNot confirmed€10,000

Same on both: Currency conversion fee (1%).

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Key differences

  • Banco Pichincha scores higher overall: 9.4 vs 8.9.
  • Founded is lower at Banco Pichincha: 1906 vs 2019.
  • Finom is licensed in 1 more country.
  • Finom is available in 10 more countries.
  • Support channels: only Banco Pichincha offers Phone.
  • Support channels: only Finom offers Email, Community.
  • Audience: only Banco Pichincha offers Teen.
  • Audience: only Finom offers Business.
  • Pricing model: only Finom offers Fixed rate.

Our verdict on each

Banco Pichincha

Banco Pichincha suits Ecuadorian savers who want an easy-access account that pays interest every day and still reaches cash locally. The flexible savings account carries a monthly fee of $0, opens from a minimum deposit of $1 and withdraws without penalty at any branch.

Read the full Banco Pichincha review

Finom

Finom suits freelancers and small businesses that want a euro cash account with a set rate and instant access. A minimum deposit of €0 and local IBAN details make it easy to open, though the fixed rate will not follow the market and support runs on email, chat and help centre only.

Read the full Finom review

Score breakdown

Banco Pichincha vs Finom
AreaBanco PichinchaFinom
Cost9.1Cost leans on $0 a month and a 1% conversion fee, softened by the ISD tax on branch transfers.9.3HigherCosts sit at the free end: a monthly fee of €0 and a conversion fee of 1% near the site median of 0.5%.
Offer9.29.7HigherA fixed rate of 5% with instant access, ranking 92 of 473 on rate.
Trust9.9Higher8.2

Spending 1,000 abroad

Banco Pichincha

10

1% of 1,000

Finom

10

1% of 1,000

Both come to the same total.

Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.

Availability and regulation

Banco Pichincha vs Finom
CountryBanco PichinchaFinom
CyprusNot confirmed
EcuadorNot confirmed
NetherlandsNot confirmed

Additional countries for Banco Pichincha: 1. Additional countries for Finom: 11.

How they place

Banco Pichincha vs Finom
RankingBanco PichinchaFinom
Savings accounts79 of 14201 of 1420
Business bank accounts31 of 5631 of 563
Accounts for freelancers15 of 1301 of 130

Every fact side by side

Banco Pichincha vs Finom
FactBanco PichinchaFinom
AudienceTeen, FreelancerBusiness, Freelancer
Pricing modelNo monthly feeNo monthly fee, Fixed rateCovers more
FeaturesNot confirmedFree ATM
Legal entityBANCO PICHINCHA C.A.PNL Fintech B.V.
HeadquartersEcuadorNetherlands
Founded1906Lower2019
Support channelsPhone, Help centre, ChatEmail, Chat, Help centre, Community

Savings

Banco Pichincha vs Finom
FactBanco PichinchaFinom
Headline rate4.75%5%Higher
Rate typeVariableFixed
Minimum deposit$1€0
Access termsInterest credited daily on balance; withdraw any time without penalty to a Transaccional account via digital channels or at any branchInstant access, withdraw at any time with no withdrawal penalties
Account kindEasy accessCash management

Money transfer

Banco Pichincha vs Finom
FactBanco PichinchaFinom
Delivery timeUnder one minute to account; immediate for cash collection at agencies and Mi Vecino pointsNot confirmed
Payout methodsBank, Cash pickupNot confirmed

Where each stands against the rest

Banco Pichincha vs Finom
FactBanco PichinchaFinomMedian
Currency conversion fee1%above the median1%above the median0.5%
CurrenciesNot confirmed17highest quarter5
Free ATM withdrawalsNot confirmed€10,000highest quarter€1

Median across 536 listed accounts.

Pros and cons

Banco Pichincha

Pros

  • The account model is no monthly fee, so the monthly fee is $0.
  • Interest is credited on the balance every day, and withdrawals to a Transaccional account carry no penalty.
  • Currency conversion costs 1%, under Skrill at 3.99% and bunq at 3%.

Cons

  • The rate type is variable, so the 4.75% headline rate can move and interest income shifts with it.
  • Support is limited to phone, help centre and chat, so help is not offered by email.
  • Branch transfers add a currency-change charge on top of the 1% fee, and an ISD tax falls on the amount above the exempt allowance.

Finom

Pros

  • The minimum deposit is €0, so an account can be opened without a large opening balance.
  • The transfer fee leaves outgoing SEPA transfers free on the Solo plan within a monthly limit.
  • Local IBAN details sit alongside 17 currencies, so one account can take payments in several currencies.

Cons

  • The interest rate is fixed, so it will not rise with the market while most savings accounts here are variable (79%).
  • The transfer fee for outgoing international payments is higher on the Solo plan than on the Pro plan.
  • Deposit protection is EU DGS up to EUR 100,000, so any balance above that cap sits outside the scheme.

Who each suits

Banco Pichincha

Who it suits

  • Ecuadorian teens and freelancers, the audiences named: teen and freelancer.
  • People who want interest to build daily but still reach the balance, as easy access describes.
  • Senders inside Ecuador who want payouts to a bank account or cash pickup: bank and cash pickup.

Who should look elsewhere

  • Skrill and PayPal Colombia, if you convert often, since their fees are 3.99% and 3% to 4% against 1% here.
  • bunq, when you want a euro-denominated setup rather than an account from a bank headquartered in Ecuador.
  • Anyone who needs a locked rate, since the rate type is variable.

Finom

Who it suits

  • Freelancers and sole traders who need local IBAN details and can move money the same day it arrives.
  • Small businesses paid in euros by clients abroad who want several currencies in one place.
  • Readers who want a set rate on working money rather than the highest variable rate on the table.

Who should look elsewhere

  • Anyone ranking purely on the headline figure, since Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%.
  • Variable rate savers, since 79% of the brands in this group pay a variable rate and the Finom rate is fixed.
  • Readers happy with a wallet and a smaller return, since PayPal Colombia lists 3.3%.

Current offers

Banco Pichincha

Current offer

  • Bonus

    Efectivo Express: up to 5,000 Pichincha Miles: Up to 5,000 Pichincha Miles

    Register and request Efectivo Express from $500

    Source, checked September 26, 2026

Finom

Current offer

  • Bonus

    Fixed 5% p.a. on EUR funds for the first 5 months: 5% p.a. fixed for 5 months on up to EUR 200,000

    Interest Account, new EUR funds; promo rate for the first 5 months, then standard rate from 0.5% to 2.25% p.a. depending on plan; up to EUR 200,000 held; market analysis dated March 2026; Aksys client agreement terms apply

    Source, checked September 26, 2026

  • Free trial

    30-day trial on paid plans: 30 days

    Paid Basic and Smart plans, excl. VAT; paid monthly or yearly

    Source, checked September 26, 2026

  • First period offer

    3 months for free for partners customers only: 3 months free

    Customers introduced through the Finom Partner Program

    Source, checked September 26, 2026

Country by country

Banco Pichincha vs Finom
CountryBanco PichinchaFinom
AustriaNoYes
BelgiumNoYes
CyprusNoYes
EcuadorYesNo
FranceNoYes
GermanyNoYes
IrelandNoYes
ItalyNoYes

8 of 12 countries where either is available.

Questions about each

Banco Pichincha

Is there a monthly fee on the Banco Pichincha savings account?+

There is no monthly fee on the flexible savings account, shown as $0. It is an easy-access account (easy access), so the everyday running cost is thin. The parts to watch are the conversion fee of 1% and the extra charges that apply to branch transfers.

What interest rate do I get, and can it change?+

The flexible savings account pays a variable rate with a headline of 4.75%, and the rate type is variable, so that figure can move. Interest is credited on the balance every day, and you can withdraw at any time without penalty to a Transaccional account through digital channels or at any branch.

Finom

What does it cost to keep a Finom account?+

The monthly fee is €0 and the minimum deposit is €0, so there is no cost to holding a balance and no need for a large opening payment. The charge that matters is currency conversion at 1%, plus outgoing international payments, which cost more on the Solo plan than on the Pro plan.

Is my money protected if something goes wrong?+

Balances sit under the EU deposit guarantee scheme, with protection stated as EU DGS up to EUR 100,000. Finom is entered on the Dutch register as R180074 and on the Cypriot register as 456/25, so more than one supervisor is watching the business.

Other options to compare

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Banco Pichincha

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