Midinero review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Midinero suits Uruguay-based travelers and teens who want a free everyday account rather than a wide currency wallet. The monthly fee is UYU 0, transfers to other financial institutions cost more, and the conversion fee of 2.5% puts it mid-table among rivals.
Key facts
- Best for
- A low-cost everyday account in Uruguay for travelers and teens.
- Monthly fee
- UYU 0↗
- Currency conversion fee
- 2.5%↗
- Currencies
- 2↗
- Transfer fee
- Free between Midinero accounts; $60 + IVA or USD 1.9 + IVA to other financial institutions↗
- Legal entity
- Findarin S.A.↗
- Headquarters
- Uruguay↗
- Support channels
- Phone, Email, Help-centre↗
- Audience
- Travelers, Teens
- Pricing model
- No monthly fee
- Features
- No credit check
- Official website
- midinero.com.uy
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- LinkedInXappgallery5.huawei.com
Pros and cons
Pros
- Monthly fee of UYU 0, with a no monthly fee model
- Transfers between Midinero accounts are free
- Support runs on phone, email and help centre
- No credit check needed to open
Cons
- Currency conversion costs 2.5%, ranking 241 of 312 on that measure
- Only 2 currencies, ranking 274 of 379
- Transfers to other financial institutions carry a fee that includes IVA
Who it suits
- Travelers in Uruguay who mostly hold local money
- Teens opening a first account without a credit check
- Anyone who wants everyday banking without a monthly charge
Who should look elsewhere
- People who need a long list of currencies, where Skrill serves better
- Those who convert money often, since eToro charges less on conversion
- PayPal Colombia users who want a wallet tied to a wider online payment network
Fees and currency costs
The monthly fee is UYU 0, so the account runs at no ongoing cost under its no monthly fee model. Converting between the 2 currencies it supports costs 2.5%, above the 0.22% median for everyday accounts. Transfers between Midinero accounts are free, while transfers to other financial institutions carry a fee that adds IVA on top.
Where it sits among rivals
On currency count, Midinero ranks 274 of 379 brands, with 2 currencies against a site median of 5. On currency conversion, it sits at 241 of 312 brands, with 2.5% set against a site median of 0.5%. Its overall score is 2.2 out of ten.
How Midinero compares
8.6 vs 8.7
8.6 vs 8.6
8.6 vs 8.0
8.6 vs 8.9Conversion at £0 monthly fee and a lighter conversion charge suits frequent currency switches.
8.6 vs 9.1
8.6 vs 9.2
8.6 vs 8.7
8.6 vs 8.7
8.6 vs 8.7
8.6 vs 9.0A wider currency range suits readers who hold more than the 2 currencies Midinero supports.
8.6 vs 8.7
8.6 vs 9.5
8.6 vs 9.4
8.6 vs 9.3
8.6 vs 9.2
8.6 vs 9.2
8.6 vs 9.2
8.6 vs 9.2
8.6 vs 9.2
8.6 vs 9.2
8.6 vs 9.1
8.6 vs 9.0
8.6 vs 9.0
8.6 vs 8.9
8.6 vs 8.9- 8.6 vs 8.9
8.6 vs 8.7
8.6 vs 8.5
8.6 vs 8.5
8.6 vs 8.5
8.6 vs 8.4
8.6 vs 8.3
8.6 vs 8.2
8.6 vs 8.1- 8.6 vs 8.1
8.6 vs 8.0
8.6 vs 8.0
8.6 vs 8.0
8.6 vs 9.1
Where Midinero is available
- Available
- Argentina, Brazil, Paraguay, Uruguay
- Licence in Uruguay
- Banco Central del Uruguay, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Midinero cost to hold each month?+
The monthly fee is UYU 0 under a no monthly fee model, so keeping the account open adds no recurring charge. Transfers between Midinero accounts are also free.
How much does Midinero charge to convert currency?+
Conversion costs 2.5%, which is above the 0.5% site median and puts Midinero at rank 241 of 312. Frequent converters pay more here than with a lower conversion brand.
How many currencies can I hold?+
Midinero supports 2 currencies, ranking 274 of 379 brands on that measure. The site median is 5, so the account suits local use more than multi-currency holding.
Who regulates Midinero?+
Midinero is supervised by the Banco Central del Uruguay, its home country. The account is run by Findarin S.A..
Do I need a credit check to open an account?+
No credit check applies, so approval does not depend on a credit file. That makes Midinero practical for teens and first-time account holders in Uruguay.
What are the transfer fees?+
Transfers between Midinero accounts are free. Transfers to other financial institutions cost a fee in pesos or dollars with IVA added on top.
How can I reach Midinero support?+
Support runs through phone, email and help centre, giving a choice of phone, email or a help centre. No live chat channel is listed.
Who is Midinero aimed at?+
Midinero lists travelers and teens among its audiences. It suits everyday spending in Uruguay rather than holding many currencies at once.
Sources
- midinero.com.uy checked September 26, 2026
Backs: Currencies
- midinero.com.uy/detalle-de-tarifas-midinero checked September 26, 2026
Backs: Currency conversion fee
- midinero.com.uy/politica-de-privacidad checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
- midinero.com.uy/preguntas-frecuentes checked September 26, 2026
Backs: Audience, Features, Pricing model, Monthly fee, Support channels, Transfer fee
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection.