Updated September 29, 2026 · VaultCue Editorial Team
monobank vs Yape
monobank
Yape
Higher score in this comparison
What sets them apart
| Compare | monobankReviewSee alternativesSee alternatives | YapeReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | UAH 0 | PEN 0 |
| Currencies | 3Higher | 2 |
| Transfer fee | 0 UAH for transfers to any IBAN account | Free (0) to send a Yape payment; remittance receiving also free |
| Local account details | IBAN | Not confirmed |
| Free ATM withdrawals | UAH 50,000 | Not confirmed |
Same on both: Currency conversion fee (0%).
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Key differences
- Currencies is higher at monobank: 3 vs 2.
- Support channels: only monobank offers Email, Chat, Phone.
- Pricing model: only monobank offers Fixed rate.
- Pricing model: only Yape offers No monthly fee.
Our verdict on each
monobank
Monobank offers a headline rate of 16% with a business and freelancer account that costs nothing to run, which suits traders who can leave hryvnia alone for a set term. The trade-off is the minimum you must place and the lock-in, so anyone wanting same-day access should weigh an easy-access account.
Yape
Yape suits people in Peru who want a wallet for everyday payments and money sent home, not a multi-currency account. The monthly fee is PEN 0 and the currency conversion fee is 0%, so the cost is hard to argue with, but the offer is thin at 2 currencies.
Score breakdown
| Area | monobank | Yape |
|---|---|---|
| Cost | Not confirmed | 9.6Monthly fee of PEN 0, a currency conversion fee of 0% and free transfers on a single-currency wallet. |
| Offer | Not confirmed | 8.3Covers 2 currencies, pays out to the wallet only and runs as a digital-only service. |
How they place
| Ranking | monobank | Yape |
|---|---|---|
| Multi-currency accounts | 313 of 348 | 129 of 348 |
| Online banks | 328 of 402 | 93 of 402 |
Every fact side by side
| Fact | monobank | Yape |
|---|---|---|
| Audience | Business, Freelancer | Not confirmed |
| Pricing model | Fixed rate | No monthly fee |
| Features | Digital only | Digital only |
| Legal entity | JOINT STOCK COMPANY "UNIVERSAL BANK" | Not confirmed |
| Headquarters | Ukraine | Not confirmed |
| Support channels | Email, Chat, Phone, Help centreCovers more | Help centre |
Money transfer
| Fact | monobank | Yape |
|---|---|---|
| Delivery time | Not confirmed | Instant, credited directly to the Yape wallet |
| Payout methods | Not confirmed | Wallet |
| Fee to send 1,000 | Not confirmed | PEN 0 |
Where each stands against the rest
| Fact | monobank | Yape | Median |
|---|---|---|---|
| Currency conversion fee | 0%below the median | 0%below the median | 0.5% |
| Currencies | 3below the median | 2lowest quarter | 5 |
| Free ATM withdrawals | UAH 50,000at the median | Not confirmed | UAH 50,000 |
Median across 536 listed accounts.
Pros and cons
monobank
Pros
- A headline rate of 16% on a fixed deposit sits far above PayPal Colombia at 3.3%.
- The monthly fee is UAH 0, and sending money to another IBAN account costs 0 UAH for transfers to any IBAN account.
- Currency conversion is 0%, so converting between currencies costs nothing.
Cons
- The term runs 12 to 24 and the deposit renews itself by default, so a long commitment keeps rolling.
- A minimum deposit of UAH 1,000 has to sit in the account before the balance starts earning.
- The headline rate of 16% is below Plazo ES at 24.19% and AXI Card Tarjeta y Credito at 21.59%.
Yape
Pros
- Monthly fee of PEN 0 on the everyday account
- Currency conversion fee of 0%, top of the multi-currency table
- Sending a Yape payment and receiving a remittance are both free
Cons
- Only 2 currencies, near the bottom of the multi-currency table
- Payouts run to the wallet only, so money cannot be withdrawn to a bank account
- Support runs on help centre only, with no phone or email line
Who each suits
monobank
Who it suits
- A Ukrainian business that can leave its balance alone for 12 to 24 and wants the return fixed.
- A freelancer paid by Ukrainian clients who wants local account details in the form of iban.
- A saver who reads the rate before anything else: 16% sits well above the 3% median across the site.
Who should look elsewhere
- Rate chasers: Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%, both above monobank's 16%.
- Anyone who needs the money on demand, because the term runs 12 to 24 and the deposit renews itself by default. PayPal Colombia at 3.3% is worth weighing for anyone who accepts a much smaller return.
Yape
Who it suits
- People living in Peru paying everyday bills from a phone
- Family members abroad sending remittances to a Yape wallet
- Anyone who wants to receive money without opening a bank account
Who should look elsewhere
- PayPal Colombia or Skrill if you hold money in several currencies
- eToro if you want a card account that pays out to a bank
- Anyone who needs help by phone, since support runs on help centre only
Current offers
Yape
Current offer
Discount code
Hasta 50% de descuento en electrodomésticos en Yape Tienda: Up to 50% off appliances
Source, checked September 26, 2026
Country by country
| Country | monobank | Yape |
|---|---|---|
| Peru | No | Yes |
| Ukraine | Yes | No |
Questions about each
monobank
What rate does monobank pay on its deposit?+
The deposit advertises a headline rate of 16% and the rate is fixed, so the figure holds for the whole placement rather than drifting with the market. For context, PayPal Colombia lists 3.3% on its savings product. That gap is the main reason a saver would pick this account.
How long do I have to leave the money in the deposit?+
The published term is 12 to 24 and the rate is fixed for that whole period. Terms can be taken as a fixed stretch or as a flexible one, so the length you sign up for is a choice rather than a single window. Readers who want shorter placements should set this against an easy-access account.
Yape
How much does a Yape account cost to keep?+
The monthly fee on the everyday account is PEN 0. Sending a Yape payment carries no charge, and receiving a remittance is free as well, so the everyday cost of running the wallet is close to nothing.
What does it cost to change currency in a Yape wallet?+
The currency conversion fee is 0%, which sits at the top of the multi-currency ranking. The catch is that Yape only holds 2 currencies, so a wider currency basket is not available here.
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monobank
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