Updated September 28, 2026 · VaultCue Editorial Team
MoMo vs Salt Bank
MoMo
Salt Bank
Higher score in this comparison
What sets them apart
| Compare | MoMoReviewSee alternativesSee alternatives | Salt BankReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | ₫0 | RON 0 |
| Currency conversion fee | 2% | 0%Lower |
| Currencies | 1 | 19Higher |
| Free ATM withdrawals | ₫30,000,000 | RON 900 |
| Transfer fee | Bank 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 VND | 0 commission for incoming and outgoing payments in Romania |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Local account details | Not confirmed | IBAN |
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Key differences
- Salt Bank scores higher overall: 9.5 vs 8.8.
- Salt Bank is available in 9 more countries.
- Currency conversion fee is lower at Salt Bank: 0% vs 2%.
- Currencies is higher at Salt Bank: 19 vs 1.
- Audience: only MoMo offers Teen, Student, Business.
- Audience: only Salt Bank offers Expats, Travelers.
- Pricing model: only Salt Bank offers Low FX.
- Features: only Salt Bank offers Free ATM.
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.
Salt Bank
Salt Bank is built for expats and travellers who bank across Romania and further afield: 19 currencies sit on the same account, local receiving details are iban, and Banca Nationala a Romaniei supervises the bank, with a savings option alongside that pays out at maturity. It scores 7.7 in the comparison.
Score breakdown
| Area | MoMo | Salt Bank |
|---|---|---|
| Cost | 8.6The monthly fee is VND 0 and the transfer fee is VND 0, but conversion at 2% sits above the site median of 0.5%. | 9.4HigherMonthly charge of RON 0, conversion of 0% and 0 commission for incoming and outgoing payments in Romania in Romania. |
| Offer | 9.0 | 9.5HigherA fixed deposit at 5.3% to 5.9% over 3 to 12, under EU DGS up to EUR 100,000. |
| Trust | 8.8 | Not confirmed |
Where they rank in our lists
| Ranking | MoMo | Salt Bank |
|---|---|---|
| Online banks | 146 of 402 | 17 of 402 |
Licences and countries
| Country | MoMo | Salt Bank |
|---|---|---|
| Romania | Not confirmed | Banca Nationala a Romaniei (National Bank of Romania) P.J.R. 40-043 |
| Vietnam | State Bank of Vietnam (Ngan hang Nha nuoc) 16/GP-NHNN | Not confirmed |
Additional countries for MoMo: 1. Additional countries for Salt Bank: 10.
Spending 1,000 abroad
MoMo
20
2% of 1,000
Salt Bank
0
0% of 1,000
Salt Bank comes out 20 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Where these facts come from
MoMo
- momo.vn: 12 facts, checked September 26, 2026
Salt Bank
- salt.bank: 13 facts, checked September 26, 2026
Every fact side by side
| Fact | MoMo | Salt Bank |
|---|---|---|
| Audience | Teen, Student, Business | Expats, Travelers |
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Features | Digital only | Free ATM, Digital onlyCovers more |
| Legal entity | Mobile Services Joint Stock Company (M_Service JSC) | Salt Bank S.A. |
| Headquarters | Vietnam | Romania |
| Founded | 2007 | Not confirmed |
| Support channels | Phone, Email, Help centre, Chat | Email, Chat, Phone, Help centre |
Money transfer
| Fact | MoMo | Salt Bank |
|---|---|---|
| Delivery time | Instant | Not confirmed |
| Payout methods | Bank, Cash pickup, Wallet | Not confirmed |
| Fee to send 1,000 | ₫0 | Not confirmed |
Savings
| Fact | MoMo | Salt Bank |
|---|---|---|
| Headline rate | Not confirmed | 5.3% to 5.9% |
| Rate type | Not confirmed | Fixed |
| Term | Not confirmed | 3 to 12 months |
| Minimum deposit | Not confirmed | RON 500 |
| Access terms | Not confirmed | 3, 6 or 12 month terms in RON, EUR or USD; interest paid at maturity to the current account; deposits guaranteed up to EUR 100,000 per depositor by FGDB |
| Account kind | Not confirmed | Fixed |
Where each stands against the rest
| Fact | MoMo | Salt Bank | Median |
|---|---|---|---|
| Currency conversion fee | 2%above the median | 0%below the median | 0.5% |
| Currencies | 1lowest quarter | 19highest quarter | 5 |
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
Salt Bank
Pros
- Help is available by email, chat and phone.
- Cash withdrawals come with a free allowance of RON 900.
- Term deposits run in RON, EUR or USD and the interest lands in the current account at maturity.
Cons
- The service is digital only, per free atm and digital only, so there is no branch counter for cash or paperwork.
- Local receiving details are iban only, which limits how money can be received from other markets.
- The fixed deposit needs a minimum of RON 500 and ties the money up for the whole term.
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
Salt Bank
Who it suits
- Expats and travellers named under expats and travelers, who want local and overseas money in the same account.
- Anyone paid in and out in Romania, since 0 commission for incoming and outgoing payments in Romania there.
- Savers who can wait for interest at maturity and collect it in the current account.
Who should look elsewhere
- Not a fee-based decision: Skrill charges €0 a month and eToro £0, so price alone does not separate them.
- Not for people who need UK sort code or US routing numbers for incoming pay, since local details are iban only, the gap to weigh against PayPal Colombia.
Current offers
MoMo
Current offer
Salt Bank
Current offer
First period offer
Prima luna este gratuit (first month free): First month of any Salt plan free
Applies to the Salt, Salt Everyday and Salt Premium plans on opening
Source, checked September 26, 2026
Bonus
13-lea salariu (13th salary campaign): An extra salary when you bring your salary to Salt
Source, checked September 26, 2026
Country by country
| Country | MoMo | Salt Bank |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| France | No | Yes |
| Germany | No | Yes |
| Ireland | No | Yes |
| Italy | No | Yes |
| Netherlands | No | Yes |
| Portugal | No | Yes |
8 of 11 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.
Salt Bank
What does a Salt Bank account cost?+
The monthly fee is RON 0 and the currency conversion fee is 0%, so there is no monthly or conversion charge to budget for. Payments in and out in Romania run at 0 commission for incoming and outgoing payments in Romania, and cash withdrawals include a free allowance of RON 900. The conversion fee sits at rank 1 among the brands compared.
Is my money protected at Salt Bank?+
Deposits are covered by EU DGS up to EUR 100,000, so a balance up to that limit is repaid by the scheme if the bank fails. The Romanian guarantee fund FGDB guarantees deposits per depositor as well, and the bank answers to Banca Nationala a Romaniei under licence P.J.R. 40-043.
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Related by the facts
MoMo
Salt Bank