Updated September 29, 2026 · VaultCue Editorial Team
Mox Bank vs Nequi
Mox Bank
Higher score in this comparison
Nequi
What sets them apart
| Compare | Mox BankReviewSee alternativesSee alternatives | NequiReviewSee alternativesSee alternatives |
|---|---|---|
| Access terms | Interest credited daily to the Mox Account; savings balance usable for daily purchases | Nequi savings account for Colombian natural persons over 18, unlimited balance and no transaction cap, one savings account per user, deposit insured by FOGAFIN |
| Monthly fee | HK$0 | COP 0 |
| Headline rate | 0.001% | Not confirmed |
Same on both: Rate type (Variable), Account kind (Easy access).
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Key differences
- Mox Bank scores higher overall: 8.6 vs 8.5.
- Founded is lower at Nequi: 2015 vs 2020.
- Support channels: only Mox Bank offers Email.
- Support channels: only Nequi offers Chat.
- Pricing model: only Mox Bank offers Low FX.
Our verdict on each
Mox Bank
Mox Bank suits readers who want a digital-only account that credits interest daily and moves money across several currencies, not the highest savings rate. The monthly fee on the easy access account is HKD 0, transfers carry fees of HKD 0, and the savings rate is 0.001%.
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 | Mox Bank | Nequi |
|---|---|---|
| Cost | 9.1Higher | 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 | 8.9A variable savings rate of 0.001% and delivery in 20 seconds to 1 week keep the offer modest. | 9.1Higher |
| Trust | 8.1 | 8.4Higher |
How they place
| Ranking | Mox Bank | Nequi |
|---|---|---|
| Savings accounts | 559 of 1420 | 582 of 1420 |
| Money transfer services | 425 of 1564 | 446 of 1564 |
Every fact side by side
| Fact | Mox Bank | Nequi |
|---|---|---|
| Pricing model | No monthly fee, Low FXCovers more | No monthly fee |
| Legal entity | Mox Bank Limited | Nequi S.A. Compania de Financiamiento |
| Headquarters | Hong Kong | Colombia |
| Founded | 2020 | 2015Lower |
| Support channels | Email, Phone, Help centre, Community | Phone, Chat, Help centre, Community |
Everyday accounts
| Fact | Mox Bank | Nequi |
|---|---|---|
| Currency conversion fee | Not confirmed | 3% |
| Currencies | 17Higher | 2 |
| Audience | Not confirmed | Teen, Business, Freelancer |
| Features | Digital only | Free ATM |
| Transfer fee | 0 remit fees on all global money transfers (Express Remit) from 2 July 2024 | Free (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR |
Money transfer
| Fact | Mox Bank | Nequi |
|---|---|---|
| Exchange rate markup | Not confirmed | 3% |
| Delivery time | 20 seconds to 1 week | Within 24 hours |
| Payout methods | Bank, Wallet | Bank, Cash pickup, WalletCovers more |
| Fee to send 1,000 | HK$0 | COP 0 |
Where each stands against the rest
| Fact | Mox Bank | Nequi | Median |
|---|---|---|---|
| Headline rate | 0.001%lowest quarter | Not confirmed | 3.25% |
Median across 658 listed accounts.
Pros and cons
Mox Bank
Pros
- A monthly fee of HKD 0 on the account, with a no monthly fee and low fx pricing model.
- Transfer fees of HKD 0 on Express Remit transfers, paying out to bank and wallet.
- Interest is credited daily and the savings balance is usable for daily purchases.
Cons
- The savings rate of 0.001% sits far under the 3% common across the accounts compared here.
- The service is digital only, so everything runs through the app rather than a branch.
- Transfers can take 20 seconds to 1 week to arrive.
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
Mox Bank
Who it suits
- People who want the same balance to cover daily spending and savings, with interest credited daily.
- Readers who send money abroad regularly and value transfer fees of HKD 0.
- Anyone banking entirely in an app across 17 currencies.
Who should look elsewhere
- Anyone chasing a high savings rate, since AXI Card Tarjeta y Credito shows 21.59%.
- Readers who want more from a savings product: PayPal Colombia lists 3.3%.
- Plazo ES suits people who prefer a headline rate of 24.19% over daily crediting.
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
Mox Bank
Current offer
Bonus
Mission Bonus Rate: Up to 3.5% p.a. on deposit
Stacking missions; see Mission Bonus Rate Promotion (2026) Terms and Conditions
Source, checked September 26, 2026
Bonus
Mox Payroll: 1.5% p.a. savings top up
Set payroll with Mox; see Payroll Transfer Promotion Terms and Conditions
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 | Mox Bank | Nequi |
|---|---|---|
| Colombia | No | Yes |
| Hong Kong | Yes | No |
Questions about each
Mox Bank
What does Mox Bank charge to keep an account open?+
The account carries a monthly fee of HKD 0, and the pricing model is no monthly fee and low fx. That matches the €0 median monthly fee across the accounts compared here, which leaves the account among the cheapest digital banks to hold.
How much interest do I earn on Mox savings?+
The headline rate is 0.001% and the rate type is variable, so the return can move rather than staying fixed for a term. Interest is credited daily to the Mox Account, and the savings balance can be spent on everyday purchases. Readers shopping for yield should compare the 3% median here.
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.
Other options to compare
Other matchups
Related by the facts
Mox Bank
Nequi