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Updated September 28, 2026 · VaultCue Editorial Team

MoMo vs N26

MoMo scores 8.8 and N26 9.1 out of 10. Compare their differences and shared features below.
N26

N26

Higher score in this comparison

9.1/10
Visit
MoMo

MoMo

8.8/10
See alternatives

What sets them apart

MoMo vs N26
CompareMoMoMoMoReviewSee alternativesSee alternativesN26N26ReviewVisitVisit
Monthly fee₫0€0
Currency conversion fee2%0%Lower
Currencies1from 35
Free ATM withdrawals₫30,000,000€2
Transfer feeBank cash-out free up to 30,000,000 VND per month, then 0.5% of transaction value; 1% of transaction value once the monthly total exceeds 100,000,000 VNDFree: no extra charge for Wise-powered international transfers; MoneyBeam domestic transfers free
Deposit protectionNot confirmedEU DGS up to EUR 100,000
Local account detailsNot confirmedIBAN

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

  • N26 scores higher overall: 9.1 vs 8.8.
  • Founded is lower at MoMo: 2007 vs 2013.
  • N26 is available in 20 more countries.
  • Currency conversion fee is lower at N26: 0% vs 2%.
  • Audience: only MoMo offers Business.
  • Audience: only N26 offers Expats, Travelers.
  • Pricing model: only N26 offers Low FX.
  • Features: only N26 offers Free ATM, Joint account.

Our verdict on each

MoMo

MoMo is a digital wallet for people living in Vietnam who want everyday payments handled from a phone rather than a branch. It charges a monthly fee of VND 0 and holds a State Bank of Vietnam licence, and it covers 1 currency, which points to a local account.

Read the full MoMo review

N26

N26 suits people who want banking costs to stay flat and who move money across currencies often: the monthly fee is €0 and the currency conversion fee is 0%. It is aimed at expats, travelers, students and teens, and savings sit alongside the everyday account.

Read the full N26 review

Score breakdown

MoMo vs N26
AreaMoMoN26
Cost8.6The monthly fee is VND 0 and the transfer fee is VND 0, but conversion at 2% sits above the site median of 0.5%.9.4HigherFees of €0 monthly and 0% to convert sit at position 1 of 500 and 1 of 312.
Offer9.09.5HigherAimed at expats, travelers and student, holding from 35 currencies, with a joint account, digital-only service and easy-access savings.
Trust8.8Higher8.5

Pick MoMo if, pick N26 if

Pick MoMo if trust matter most.

Pick N26 if cost, offer, and currency conversion fee matter most.

What we checked

MoMo

  • momo.vn: 12 facts, checked September 26, 2026

N26

  • n26.com: 14 facts, checked September 26, 2026

How they place

MoMo vs N26
RankingMoMoN26
Money transfer services352 of 156411 of 1564
Student, teen and kids accounts143 of 2736 of 273
Online banks146 of 4029 of 402

Every fact side by side

MoMo vs N26
FactMoMoN26
AudienceTeen, Student, BusinessExpats, Travelers, Student, Teen
Pricing modelNo monthly feeNo monthly fee, Low FXCovers more
FeaturesDigital onlyFree ATM, Joint account, Digital onlyCovers more
Legal entityMobile Services Joint Stock Company (M_Service JSC)N26 Bank SE
HeadquartersVietnamGermany
Founded2007Lower2013
Support channelsPhone, Email, Help centre, ChatEmail, Chat, Phone, Help centre

Money transfer

MoMo vs N26
FactMoMoN26
Exchange rate markupNot confirmed0%
Delivery timeInstantInstant to 1 business day
Payout methodsBank, Cash pickup, WalletBank, Card
Fee to send 1,000₫0€0

Savings

MoMo vs N26
FactMoMoN26
Headline rateNot confirmed0.3% to 1.5%
Rate typeNot confirmedVariable
Access termsNot confirmed100% flexible: deposit and withdraw any amount, whenever you want
Account kindNot confirmedEasy access

Where each stands against the rest

MoMo vs N26
FactMoMoN26Median
Currency conversion fee2%above the median0%below the median0.5%
Currencies1lowest quarterfrom 35highest quarter5

Median across 536 listed accounts.

Pros and cons

MoMo

Pros

  • No monthly charge, listed at VND 0 for the everyday account
  • Transfers land Instant, so payments and payouts clear quickly
  • Cash-out reaches banks, pick-up points and wallets through bank, cash pickup and wallet

Cons

  • Currency conversion costs 2%, above the site median of 0.5%
  • Only 1 currency is covered, against a site median of 5
  • The account is digital only, so there is no branch to visit

N26

Pros

  • Deposits are protected through EU DGS up to EUR 100,000, with N26 Bank SE supervised by BaFin in Germany.
  • The savings pot is easy access and fully flexible, so deposits and withdrawals happen in any amount, whenever you want.
  • Support is broad for an app-based bank, running on email, chat and phone.

Cons

  • The savings rate is variable and sits at 0.3% to 1.5%, below the 3% median across savings accounts on the site.
  • Local payment details run on iban, so UK sort codes and US ACH numbers are not part of the standard setup.

Who each suits

MoMo

Who it suits

  • Teenagers and students who pay and receive money by phone
  • Small businesses in Vietnam taking daily payments from customers
  • Anyone who wants money to move instantly inside the country

Who should look elsewhere

  • Skrill or Plazo ES, euro wallets at a €0 monthly fee for another market
  • PayPal Colombia, whose cross-border reach suits international payments more than local ones
  • Anyone who wants a branch to visit, since the account is digital only

N26

Who it suits

  • Expats, travelers, students and teens who want spending and savings in the same app, with from 35 currencies to hold.
  • Readers who move money across borders, since transfers arrive in Instant to 1 business day and pay out to a bank account or a card.

Who should look elsewhere

  • Pixpay FR, because its monthly fee of €3.99 suits readers who will put regular use through the account rather than those who want a fee-free everyday account.
  • bunq Spain Bank Account, because a currency conversion fee of 3% suits readers banking mainly in euros and converting rarely.

Current offers

MoMo

Current offer

  • Bonus

    CHAOMOMO new-user code: 500,000 VND gift pack for new users

    New MoMo users entering code CHAOMOMO; budget limited

    Source, checked September 26, 2026

  • Bonus

    IDOL new-user code: 1,500,000 VND in transport, food and concert spending

    New MoMo users entering code IDOL

    Source, checked September 26, 2026

N26

Current offer

  • Bonus

    1% travel cashback: 1% cashback for up to 12 months on qualifying Mastercard transactions outside the EEA, Switzerland and the UK

    N26 Go and Metal customers only; enrolment required via in-app message, email or push notification; up to 12 months

    Source, checked September 26, 2026

Country by country

MoMo vs N26
CountryMoMoN26
AustriaNoYes
BelgiumNoYes
DenmarkNoYes
EstoniaNoYes
FinlandNoYes
FranceNoYes
GermanyNoYes
GreeceNoYes

8 of 22 countries where either is available.

Questions about each

MoMo

Does MoMo charge a monthly fee?+

No. The monthly fee is VND 0, and the service runs on a no-monthly-fee model. The transfer fee is also listed at VND 0, with charges applying only once cash-out allowances are passed. The free tier is what most everyday users rely on.

What does it cost to change currency?+

Currency conversion costs 2%. That is above the 0.5% median across the brands on the site, and MoMo sits at 214 of 312 on this measure, so conversion is the weak point of an otherwise free service.

N26

What does N26 cost to keep open each month?+

The everyday account is free to run: the monthly fee is €0, and N26 sits at position 1 of 500 brands on that column. Spending, savings and support all sit in the same app, so holding the account costs nothing to maintain.

How much does it cost to convert or send money abroad?+

Foreign currency conversion costs 0%, and the exchange rate margin is 0%. The transfer fee is free: no extra charge is added to Wise-powered international transfers, and MoneyBeam domestic transfers are free. That keeps the cost of moving money abroad close to nothing.

Other options to compare

N26

Visit

MoMo

See alternatives