Updated September 28, 2026 · VaultCue Editorial Team
MoMo vs SeaBank Indonesia
MoMo
SeaBank Indonesia
Higher score in this comparison
MoMo vs SeaBank Indonesia: the differences
| Compare | MoMoReviewSee alternativesSee alternatives | SeaBank IndonesiaReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | ₫0 | IDR 0 |
| 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 | Free transfer up to 100 times per month |
| Currency conversion fee | 2% | Not confirmed |
| Currencies | 1 | Not confirmed |
| Free ATM withdrawals | ₫30,000,000 | Not confirmed |
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Key differences
- SeaBank Indonesia scores higher overall: 8.9 vs 8.8.
- Support channels: only MoMo offers Phone, Email, Chat.
- Audience: only MoMo offers Teen.
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.
SeaBank Indonesia
SeaBank Indonesia suits business owners and students who want an easy-access savings account with a monthly fee of IDR 0 and free transfers within a monthly allowance. Its headline rate of 3.5% sits close to the savings account median, 3.08%, so the case rests on cost and access.
Score breakdown
| Area | MoMo | SeaBank Indonesia |
|---|---|---|
| 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%. | 9.1HigherNo monthly charge: IDR 0, with transfers free within a monthly allowance at IDR 0. |
| Offer | 9.0Higher | 8.6Easy-access balance with interest paid every day at a variable rate of 3.5%. |
| Trust | 8.8 | Not confirmed |
How they place
| Ranking | MoMo | SeaBank Indonesia |
|---|---|---|
| Business bank accounts | 204 of 563 | 186 of 563 |
| Money transfer services | 352 of 1564 | 323 of 1564 |
| Student, teen and kids accounts | 143 of 273 | 133 of 273 |
Every fact side by side
| Fact | MoMo | SeaBank Indonesia |
|---|---|---|
| Audience | Teen, Student, BusinessCovers more | Business, Student |
| Pricing model | No monthly fee | No monthly fee |
| Features | Digital only | Not confirmed |
| Legal entity | Mobile Services Joint Stock Company (M_Service JSC) | PT Bank Seabank Indonesia |
| Headquarters | Vietnam | Indonesia |
| Founded | 2007 | Not confirmed |
| Support channels | Phone, Email, Help centre, ChatCovers more | Help centre |
Money transfer
| Fact | MoMo | SeaBank Indonesia |
|---|---|---|
| Delivery time | Instant | Not confirmed |
| Payout methods | Bank, Cash pickup, Wallet | Bank, Cash pickup, Wallet |
| Fee to send 1,000 | ₫0 | IDR 0 |
Where each stands against the rest
| Fact | MoMo | SeaBank Indonesia | Median |
|---|---|---|---|
| Currency conversion fee | 2%above the median | Not confirmed | 0.5% |
| Currencies | 1lowest quarter | Not confirmed | 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
SeaBank Indonesia
Pros
- Interest is calculated and credited every day on an easy-access balance, so money earns without waiting on a cycle.
- Transfers are free within a monthly allowance, with the fee set at IDR 0.
- Payouts reach a bank account, cash pickup or a wallet: bank, cash pickup and wallet.
Cons
- The headline rate ranks 184 of 473 compared brands, so rate is not the reason to choose it.
- Support runs on help centre alone, so questions have no phone or live chat route listed.
- The rate is variable rather than fixed, so the 3.5% headline can move and returns are not locked in.
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
SeaBank Indonesia
Who it suits
- Indonesian business owners who want a plain savings balance for day to day cash, with the fee at IDR 0
- Students starting to save who want easy access and interest credited every day
- Anyone who takes payouts to a bank account, cash pickup or a wallet, as bank, cash pickup and wallet allows
Who should look elsewhere
- Plazo ES, which lists a headline rate of 24.19%, far above 3.5% here
- AXI Card, where 21.59% applies to a card offer rather than a savings balance
- PayPal Colombia, which reaches saving through a wallet at 3.3% instead of a bank savings account
Current offers
MoMo
Current offer
Country by country
| Country | MoMo | SeaBank Indonesia |
|---|---|---|
| Indonesia | No | Yes |
| Vietnam | Yes | No |
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.
SeaBank Indonesia
What does the account cost to run?+
The account carries a monthly fee of IDR 0, in line with the site median, €0. Transfers are free within a monthly allowance, and the transfer fee is set at IDR 0, so there is little to pay for everyday use.
How is interest paid on the balance?+
Interest is calculated and paid every day rather than at the end of a cycle. The account is easy-access, so money stays reachable while it earns, and the rate is variable at 3.5%. The savings account median, 3.08%, is close by.
Other options to compare
Other matchups
Related by the facts
MoMo
SeaBank Indonesia