Updated October 21, 2026 · VaultCue Editorial Team
Illimity vs Yape
Illimity
Yape
Higher score in this comparison
Where Illimity and Yape differ
| Compare | IllimityReviewSee alternativesSee alternatives | YapeReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | €0 | PEN 0 |
| Deposit protection | EU DGS up to EUR 100,000 | Not confirmed |
| Currency conversion fee | Not confirmed | 0% |
| Currencies | Not confirmed | 2 |
| Transfer fee | Not confirmed | Free (0) to send a Yape payment; remittance receiving also free |
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Key differences
- Yape scores higher overall: 9.1 vs 9.0.
- Support channels: only Illimity offers Phone, Chat, Email.
- 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.
Yape
Yape suits people in Peru who want a wallet for everyday payments and money sent home, not a multi-currency account. The monthly fee is PEN 0 and the currency conversion fee is 0%, so the cost is hard to argue with, but the offer is thin at 2 currencies.
Score breakdown
| Area | Illimity | Yape |
|---|---|---|
| Cost | 9.3 | 9.6HigherMonthly fee of PEN 0, a currency conversion fee of 0% and free transfers on a single-currency wallet. |
| Offer | 9.8Higher | 8.3Covers 2 currencies, pays out to the wallet only and runs as a digital-only service. |
| Trust | 8.2 | Not confirmed |
How they place
| Ranking | Illimity | Yape |
|---|---|---|
| Online banks | 108 of 402 | 93 of 402 |
Every fact side by side
| Fact | Illimity | Yape |
|---|---|---|
| Audience | Business | Not confirmed |
| Pricing model | No monthly fee, Fixed rateCovers more | No monthly fee |
| Features | Digital only | Digital only |
| Legal entity | Illimity Bank S.p.A. | Not confirmed |
| Headquarters | Italy | Not confirmed |
| Founded | 2018 | Not confirmed |
| Support channels | Help centre, Phone, Chat, EmailCovers more | Help centre |
Savings
| Fact | Illimity | Yape |
|---|---|---|
| Headline rate | 2% to 3.9% | Not confirmed |
| Rate type | Fixed | Not confirmed |
| Term | 6 to 60 months | Not confirmed |
| Minimum deposit | €1,000 | Not confirmed |
| 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 | Not confirmed |
| Account kind | Fixed | Not confirmed |
Money transfer
| Fact | Illimity | Yape |
|---|---|---|
| Delivery time | Not confirmed | Instant, credited directly to the Yape wallet |
| Payout methods | Not confirmed | Wallet |
| Fee to send 1,000 | Not confirmed | PEN 0 |
Where each stands against the rest
| Fact | Illimity | Yape | Median |
|---|---|---|---|
| Currency conversion fee | Not confirmed | 0%below the median | 0.5% |
| Currencies | Not confirmed | 2lowest quarter | 5 |
Median across 536 listed accounts.
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
Yape
Pros
- Monthly fee of PEN 0 on the everyday account
- Currency conversion fee of 0%, top of the multi-currency table
- Sending a Yape payment and receiving a remittance are both free
Cons
- Only 2 currencies, near the bottom of the multi-currency table
- Payouts run to the wallet only, so money cannot be withdrawn to a bank account
- Support runs on help centre only, with no phone or email line
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
Yape
Who it suits
- People living in Peru paying everyday bills from a phone
- Family members abroad sending remittances to a Yape wallet
- Anyone who wants to receive money without opening a bank account
Who should look elsewhere
- PayPal Colombia or Skrill if you hold money in several currencies
- eToro if you want a card account that pays out to a bank
- Anyone who needs help by phone, since support runs on help centre only
Current offers
Yape
Current offer
Discount code
Hasta 50% de descuento en electrodomésticos en Yape Tienda: Up to 50% off appliances
Source, checked September 26, 2026
Country by country
| Country | Illimity | Yape |
|---|---|---|
| Italy | Yes | No |
| Peru | 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.
Yape
How much does a Yape account cost to keep?+
The monthly fee on the everyday account is PEN 0. Sending a Yape payment carries no charge, and receiving a remittance is free as well, so the everyday cost of running the wallet is close to nothing.
What does it cost to change currency in a Yape wallet?+
The currency conversion fee is 0%, which sits at the top of the multi-currency ranking. The catch is that Yape only holds 2 currencies, so a wider currency basket is not available here.
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Illimity
Yape