Updated October 21, 2026 · VaultCue Editorial Team
Illimity vs TrueMoney
Illimity
Higher score in this comparison
TrueMoney
Illimity vs TrueMoney: the differences
| Compare | IllimityReviewSee alternativesSee alternatives | TrueMoneyReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | €0 | THB 0 |
| Deposit protection | EU DGS up to EUR 100,000 | Not confirmed |
| Transfer fee | Not confirmed | No fee for transfers between TrueMoney accounts |
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Key differences
- Founded is lower at TrueMoney: 2003 vs 2018.
- TrueMoney is available in 5 more countries.
- Support channels: only Illimity offers Help centre.
- Pricing model: only Illimity offers Fixed rate.
Our verdict on each
Illimity
Illimity is an Italian digital bank whose fixed deposit account pays 2% to 3.9% on terms of 6 to 60 and charges a monthly fee of €0. It suits savers happy to lock money away and business customers, and it is a poor fit for anyone who wants branch cash or instant access.
TrueMoney
TrueMoney offers everyday account use with an easy-access savings choice inside one app, rather than keeping daily money and saving intentions apart. People exploring simple structures for daily money will find a clear outline of what to check before deciding.
Score breakdown
| Area | Illimity | TrueMoney |
|---|---|---|
| Cost | 9.3 | 9.3 |
| Offer | 9.8Higher | 9.2 |
| Trust | 8.2 | 8.9Higher |
How they place
| Ranking | Illimity | TrueMoney |
|---|---|---|
| Savings accounts | 354 of 1420 | 1289 of 1420 |
Every fact side by side
| Fact | Illimity | TrueMoney |
|---|---|---|
| Audience | Business | Not confirmed |
| Pricing model | No monthly fee, Fixed rateCovers more | No monthly fee |
| Features | Digital only | Not confirmed |
| Legal entity | Illimity Bank S.p.A. | True Money Company Limited |
| Headquarters | Italy | Thailand |
| Founded | 2018 | 2003Lower |
| Support channels | Help centre, Phone, Chat, EmailCovers more | Email, Phone, Chat |
Savings
| Fact | Illimity | TrueMoney |
|---|---|---|
| Headline rate | 2% to 3.9%Higher | 0.1% to 1% |
| Rate type | Fixed | Variable |
| Term | 6 to 60 months | Not confirmed |
| Minimum deposit | €1,000 | THB 0 |
| Access terms | 100% digital, opened and managed from home banking on PC or smartphone; non-releasable (locked) or releasable lines with free early redemption on releasable lines only | On-demand savings (ออมทรัพย์) account opened in the TrueMoney app and held at Kasikornbank, no minimum top-up, interest credited 30 June and 31 December each year |
| Account kind | Fixed | Easy access |
Money transfer
| Fact | Illimity | TrueMoney |
|---|---|---|
| Payout methods | Not confirmed | Cash pickup |
Pros and cons
Illimity
Pros
- A monthly fee of €0, and no monthly fee and fixed rate lists Illimity as a no monthly fee provider
- A fixed rate of 2% to 3.9% on terms of 6 to 60
- Deposits sit under the EU guarantee scheme: EU DGS up to EUR 100,000
Cons
- Digital only, per digital only, so there is no branch counter for cash or paperwork
- A minimum deposit of €1,000 rules out small balances
- Locked lines tie the money for the full 6 to 60, and free early redemption applies only to releasable lines
TrueMoney
Pros
- Easy-access savings sits alongside everyday money in the TrueMoney app
- Account opening happens inside the TrueMoney app for daily use
- Everyday account design keeps saving intention visible during daily money use
Who each suits
Illimity
Who it suits
- Savers who want a fixed rate and can leave the money locked for the term
- Business customers, the audience listed as business
- People already comfortable running a bank from a phone or PC
Who should look elsewhere
- Anyone who needs easy access to the money, since fixed is fixed and locked lines run to the end of the term
- Customers who want to handle cash in person, given the digital only setup listed under digital only
- Balances that sit below the €1,000 minimum
TrueMoney
Who it suits
- People wanting everyday money and savings together
- Beginners seeking simple easy-access structures
Country by country
| Country | Illimity | TrueMoney |
|---|---|---|
| Cambodia | No | Yes |
| Indonesia | No | Yes |
| Italy | Yes | No |
| Myanmar | No | Yes |
| Philippines | No | Yes |
| Thailand | No | Yes |
| Vietnam | No | Yes |
Questions about each
Illimity
Is there a monthly fee?+
The account carries a monthly fee of €0, and no monthly fee and fixed rate lists Illimity as a no monthly fee provider. That puts it among the cheaper places to park savings, which means the rate and the term are the things worth weighing rather than the cost of keeping the account open.
What rate do I get on the money?+
The headline rate runs 2% to 3.9% and the rate type is fixed, so the return is set for the whole term instead of moving with the market. Where you land inside that range depends on the line you open and how much you keep in it.
TrueMoney
What does TrueMoney offer for everyday money?+
TrueMoney provides everyday account use with an easy-access savings choice for daily money goals. You keep awareness of spending and intention to save in one app view. Check how that structure matches the way you organise money each month.
Who is the easy-access option suited to?+
The easy-access choice suits people who prefer flexible saving alongside everyday money. It gives beginners a simple structure with clear purposes for short term needs. Review whether this combined approach supports habits you want to keep.
Other options to compare
Other matchups
Related by the facts
Illimity
TrueMoney