Updated October 13, 2026 · VaultCue Editorial Team
Moniepoint vs Nequi
Moniepoint
Nequi
Higher score in this comparison
Where Moniepoint and Nequi differ
| Compare | MoniepointReviewSee alternativesSee alternatives | NequiReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | NGN 0 | COP 0 |
| Transfer fee | Free for Moniepoint-to-Moniepoint transfers to the same BVN; NGN 50 stamp duty on electronic transfers of NGN 10,000 and above | Free (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR |
| Currency conversion fee | Not confirmed | 3% |
| Currencies | Not confirmed | 2 |
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Key differences
- Founded is lower at Nequi: 2015 vs 2019.
- Moniepoint is available in 1 more country.
- Support channels: only Moniepoint offers Email.
- Support channels: only Nequi offers Chat, Community.
- Audience: only Nequi offers Teen, Freelancer.
Our verdict on each
Moniepoint
Moniepoint leans toward businesses first, so personal everyday banking sits beside merchant tools rather than apart. Moniepoint Inc runs a combined payments, banking and operations platform that serves business owners and their customers across African markets seeking unified daily money management.
Nequi
Nequi suits Colombian adults who want everyday spending and an insured savings balance in a single free account, not readers who need a long currency list. The monthly fee is COP 0, and currency conversion at 3% is the only charge that adds up.
Score breakdown
| Area | Moniepoint | Nequi |
|---|---|---|
| Cost | Not confirmed | 8.2The monthly fee is COP 0 and transfers are free, but conversion at 3% is well above the everyday-accounts median 0.22%. |
| Offer | 9.2Higher | 9.1 |
| Trust | 8.2 | 8.4Higher |
How they place
| Ranking | Moniepoint | Nequi |
|---|---|---|
| Business bank accounts | 451 of 563 | 266 of 563 |
| Money transfer services | 1163 of 1564 | 446 of 1564 |
Every fact side by side
| Fact | Moniepoint | Nequi |
|---|---|---|
| Audience | Business | Teen, Business, FreelancerCovers more |
| Pricing model | No monthly fee | No monthly fee |
| Features | Not confirmed | Free ATM |
| Legal entity | Moniepoint Microfinance Bank Limited | Nequi S.A. Compania de Financiamiento |
| Headquarters | Nigeria | Colombia |
| Founded | 2019 | 2015Lower |
| Support channels | Phone, Email, Help centre | Phone, Chat, Help centre, Community |
Money transfer
| Fact | Moniepoint | Nequi |
|---|---|---|
| Exchange rate markup | Not confirmed | 3% |
| Delivery time | Not confirmed | Within 24 hours |
| Payout methods | Not confirmed | Bank, Cash pickup, Wallet |
| Fee to send 1,000 | Not confirmed | COP 0 |
Savings
| Fact | Moniepoint | Nequi |
|---|---|---|
| Rate type | Not confirmed | Variable |
| Access terms | Not confirmed | Nequi savings account for Colombian natural persons over 18, unlimited balance and no transaction cap, one savings account per user, deposit insured by FOGAFIN |
| Account kind | Not confirmed | Easy access |
Where each stands against the rest
| Fact | Moniepoint | Nequi | Median |
|---|---|---|---|
| Currency conversion fee | Not confirmed | 3%highest quarter | 0.5% |
| Currencies | Not confirmed | 2lowest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
Moniepoint
Pros
- Combines payments acceptance, banking and operational tools in one platform.
- Serves more than 20,000,000 business and individual accounts.
- Provides expense cards plus accounting and book keeping support for firms.
Cons
- Business centred design leaves less room for standalone personal banking.
- African market focus limits relevance for people banking elsewhere.
Nequi
Pros
- Deposits are insured by FOGAFAN, and the balance is unlimited with no transaction cap.
- The account kind is easy access and the savings rate is variable.
- Money can go to a bank, a cash pickup point or a wallet, per bank, cash pickup and wallet.
Cons
- Currency conversion costs 3% with a markup of 3%, above the everyday-accounts fee median of 0.22%.
- Only 2 currencies are supported, against an everyday-accounts median of 9.
- A single savings account per user, and only Colombian natural persons can open it.
Who each suits
Moniepoint
Who it suits
- Business owners managing payments, banking and operations together
- Individuals handling everyday transactions through business linked accounts
Who should look elsewhere
- People seeking personal only banking outside African markets
Nequi
Who it suits
- Colombian adults who want savings and everyday spending in a single free account with insured deposits
- People in Nequi's core audience of teen, business and freelancer, from teens to freelancers
- Freelancers in Colombia who take payouts to a bank, a cash pickup point or a wallet, per bank, cash pickup and wallet
Who should look elsewhere
- Readers who hold many currencies: Nequi covers 2 and charges 3% to convert, so Skrill is the one to compare
- Anyone earning or saving in euros rather than pesos, since Plazo ES is priced in euros with a monthly fee of €0
- Readers who want a payment wallet rather than an insured savings balance, since PayPal Colombia also has a $0 monthly fee
Current offers
Moniepoint
Current offer
Bonus
Get instant cash back on transfers
Source, checked September 26, 2026
Nequi
Current offer
Bonus
Tienda Virtual Nequi: Walaky cashback: Up to 7% money back
Devolucion de plata on digital purchases at Walaky through Tienda Virtual Nequi
Source, checked September 26, 2026
Bonus
Tienda Virtual Nequi: Clevercel cashback: Up to 4% cashback
Devolucion de plata on digital purchases at Clevercel through Tienda Virtual Nequi
Source, checked September 26, 2026
Country by country
| Country | Moniepoint | Nequi |
|---|---|---|
| Colombia | No | Yes |
| Kenya | Yes | No |
| Nigeria | Yes | No |
Questions about each
Moniepoint
What does Moniepoint offer businesses and their customers?+
Moniepoint covers payment acceptance for merchants together with business and personal banking. It also provides operational tools such as expense cards and accounting and book keeping support. Business loans help owners finance inventory and expand.
Who uses Moniepoint?+
Moniepoint serves small businesses through to large companies and also serves their customers. It reports trust from more than 20,000,000 business and individual accounts. Thousands of people around the world rely on it to grow business activity.
Nequi
What does Nequi cost to keep each month?+
The Nequi savings account carries a monthly fee of COP 0, so there is no standing charge for Colombian adults. Transfers to Nequi or Bancolombia accounts, to other Colombian banks by ACH and by QR are free, with a transfer fee of COP 0.
Is my money protected in a Nequi savings account?+
Deposits in the Nequi savings account are insured by FOGAFIN, and the account kind is easy access. The balance is unlimited with no transaction cap, and the account is open to Colombian natural persons with a single savings account per user.
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