Updated September 28, 2026 · VaultCue Editorial Team
ila Bank vs Nequi
ila Bank
Nequi
Higher score in this comparison
ila Bank vs Nequi: the differences
| Compare | ila BankReviewSee alternativesSee alternatives | NequiReviewSee alternativesSee alternatives |
|---|---|---|
| Access terms | No lock-in period, money stays fully accessible on demand, interest paid monthly into the account | Nequi savings account for Colombian natural persons over 18, unlimited balance and no transaction cap, one savings account per user, deposit insured by FOGAFIN |
| Headline rate | 2.5% to 2.7% | Not confirmed |
| Minimum deposit | BHD 3,000 | Not confirmed |
| Monthly fee | Not confirmed | COP 0 |
Same on both: Rate type (Variable), Account kind (Easy access).
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Key differences
- Support channels: only ila Bank offers Email.
- Support channels: only Nequi offers Community.
Our verdict on each
ila Bank
ila Bank suits Bahraini savers who want an easy-access digital account with no lock-in period, keeping the money available on demand. Savings Plus pays 2.5% to 2.7% at a variable rate, with interest credited monthly and a minimum deposit of BHD 3,000 before you can open it.
Nequi
Nequi suits Colombian adults who want everyday spending and an insured savings balance in a single free account, not readers who need a long currency list. The monthly fee is COP 0, and currency conversion at 3% is the only charge that adds up.
Score breakdown
| Area | ila Bank | Nequi |
|---|---|---|
| Cost | Not confirmed | 8.2The monthly fee is COP 0 and transfers are free, but conversion at 3% is well above the everyday-accounts median 0.22%. |
| Offer | Not confirmed | 9.1 |
| Trust | Not confirmed | 8.4 |
How they place
| Ranking | ila Bank | Nequi |
|---|---|---|
| Savings accounts | 1125 of 1420 | 582 of 1420 |
Every fact side by side
| Fact | ila Bank | Nequi |
|---|---|---|
| Pricing model | Not confirmed | No monthly fee |
| Legal entity | Not confirmed | Nequi S.A. Compania de Financiamiento |
| Headquarters | Bahrain | Colombia |
| Founded | Not confirmed | 2015 |
| Support channels | Email, Phone, Help centre, Chat | Phone, Chat, Help centre, Community |
Everyday accounts
| Fact | ila Bank | Nequi |
|---|---|---|
| Currency conversion fee | Not confirmed | 3% |
| Currencies | Not confirmed | 2 |
| Audience | Not confirmed | Teen, Business, Freelancer |
| Features | Digital only | Free ATM |
| Local account details | IBAN | Not confirmed |
| Transfer fee | Not confirmed | Free (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR |
Money transfer
| Fact | ila Bank | Nequi |
|---|---|---|
| Exchange rate markup | Not confirmed | 3% |
| Delivery time | Not confirmed | Within 24 hours |
| Payout methods | Not confirmed | Bank, Cash pickup, Wallet |
| Fee to send 1,000 | Not confirmed | COP 0 |
Where each stands against the rest
| Fact | ila Bank | Nequi | Median |
|---|---|---|---|
| Headline rate | 2.5% to 2.7%below the median | Not confirmed | 3.25 |
| Monthly fee | Not confirmed | COP 0at the median | COP 0 |
Median across 658 listed accounts.
Pros and cons
ila Bank
Pros
- Variable interest of 2.5% to 2.7% with no lock-in period, so money stays available on demand
- Interest is paid monthly into the account rather than at maturity
- Support covers email, phone and help centre, including phone and live chat
Cons
- The minimum deposit is BHD 3,000, above the €0.11 typical of savings accounts on the site
- The rate is variable, so the 2.5% to 2.7% paid today is not fixed for the life of the account
- Branches are not among its features, which cover digital-only banking (digital only)
Nequi
Pros
- Deposits are insured by FOGAFAN, and the balance is unlimited with no transaction cap.
- The account kind is easy access and the savings rate is variable.
- Money can go to a bank, a cash pickup point or a wallet, per bank, cash pickup and wallet.
Cons
- Currency conversion costs 3% with a markup of 3%, above the everyday-accounts fee median of 0.22%.
- Only 2 currencies are supported, against an everyday-accounts median of 9.
- A single savings account per user, and only Colombian natural persons can open it.
Who each suits
ila Bank
Who it suits
- Savers in Bahrain who want on-demand access to their money without a notice period
- People who prefer running a bank account through an app rather than a branch
- Anyone building a deposit above the BHD 3,000 minimum and leaving it to earn interest
Who should look elsewhere
- Plazo ES, if you want a card product instead of a savings account
- AXI Card Tarjeta y Credito, whose headline rate of 21.59% sits on a card product rather than savings
- PayPal Colombia, whose 3.3% belongs to a wallet savings feature outside Bahrain
Nequi
Who it suits
- Colombian adults who want savings and everyday spending in a single free account with insured deposits
- People in Nequi's core audience of teen, business and freelancer, from teens to freelancers
- Freelancers in Colombia who take payouts to a bank, a cash pickup point or a wallet, per bank, cash pickup and wallet
Who should look elsewhere
- Readers who hold many currencies: Nequi covers 2 and charges 3% to convert, so Skrill is the one to compare
- Anyone earning or saving in euros rather than pesos, since Plazo ES is priced in euros with a monthly fee of €0
- Readers who want a payment wallet rather than an insured savings balance, since PayPal Colombia also has a $0 monthly fee
Current offers
Nequi
Current offer
Bonus
Tienda Virtual Nequi: Walaky cashback: Up to 7% money back
Devolucion de plata on digital purchases at Walaky through Tienda Virtual Nequi
Source, checked September 26, 2026
Bonus
Tienda Virtual Nequi: Clevercel cashback: Up to 4% cashback
Devolucion de plata on digital purchases at Clevercel through Tienda Virtual Nequi
Source, checked September 26, 2026
Country by country
| Country | ila Bank | Nequi |
|---|---|---|
| Bahrain | Yes | No |
| Colombia | No | Yes |
Questions about each
ila Bank
What rate does ila Bank pay on its savings account?+
Savings Plus pays 2.5% to 2.7% at a variable rate. Because the rate is variable rather than fixed, the figure can change, so it should be read as a current rate rather than a locked-in one.
Is there a minimum deposit to open the account?+
Yes, the minimum deposit is BHD 3,000. That is above the €0.11 median minimum across the savings accounts on the site, so a larger opening balance is expected here than at most of the accounts compared.
Nequi
What does Nequi cost to keep each month?+
The Nequi savings account carries a monthly fee of COP 0, so there is no standing charge for Colombian adults. Transfers to Nequi or Bancolombia accounts, to other Colombian banks by ACH and by QR are free, with a transfer fee of COP 0.
Is my money protected in a Nequi savings account?+
Deposits in the Nequi savings account are insured by FOGAFIN, and the account kind is easy access. The balance is unlimited with no transaction cap, and the account is open to Colombian natural persons with a single savings account per user.
Other options to compare
Other matchups
Related by the facts
ila Bank
Nequi