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Updated September 28, 2026 · VaultCue Editorial Team

N26 vs Nequi

N26 scores 9.1 and Nequi 8.5 out of 10. Compare their differences and shared features below.
N26

N26

Higher score in this comparison

9.1/10
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Nequi

Nequi

8.5/10
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Where N26 and Nequi differ

N26 vs Nequi
CompareN26N26ReviewVisitVisitNequiNequiReviewSee alternativesSee alternatives
Monthly fee€0COP 0
Currency conversion fee0%Lower3%
Currenciesfrom 352
Transfer feeFree: no extra charge for Wise-powered international transfers; MoneyBeam domestic transfers freeFree (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR
Deposit protectionEU DGS up to EUR 100,000Not confirmed
Local account detailsIBANNot confirmed
Free ATM withdrawals€2Not confirmed

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Key differences

  • N26 scores higher overall: 9.1 vs 8.5.
  • Founded is lower at N26: 2013 vs 2015.
  • N26 is available in 20 more countries.
  • Currency conversion fee is lower at N26: 0% vs 3%.
  • Support channels: only N26 offers Email.
  • Support channels: only Nequi offers Community.
  • Audience: only N26 offers Expats, Travelers, Student.
  • Audience: only Nequi offers Business, Freelancer.
  • Pricing model: only N26 offers Low FX.
  • Features: only N26 offers Joint account, Digital only.

Our verdict on each

N26

N26 suits people who want banking costs to stay flat and who move money across currencies often: the monthly fee is €0 and the currency conversion fee is 0%. It is aimed at expats, travelers, students and teens, and savings sit alongside the everyday account.

Read the full N26 review

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.

Read the full Nequi review

Score breakdown

N26 vs Nequi
AreaN26Nequi
Cost9.4HigherFees of €0 monthly and 0% to convert sit at position 1 of 500 and 1 of 312.8.2The monthly fee is COP 0 and transfers are free, but conversion at 3% is well above the everyday-accounts median 0.22%.
Offer9.5HigherAimed at expats, travelers and student, holding from 35 currencies, with a joint account, digital-only service and easy-access savings.9.1
Trust8.5Higher8.4

Spending 1,000 abroad

N26

0

0% of 1,000

Nequi

30

3% of 1,000

N26 comes out 30 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.

Positions in our rankings

N26 vs Nequi
RankingN26Nequi
Savings accounts22 of 1420582 of 1420
Money transfer services11 of 1564446 of 1564
Student, teen and kids accounts6 of 273178 of 273

Sources behind this comparison

N26

  • n26.com: 14 facts, checked September 26, 2026

Nequi

  • nequi.com.co: 11 facts, checked September 26, 2026

Every fact side by side

N26 vs Nequi
FactN26Nequi
AudienceExpats, Travelers, Student, TeenTeen, Business, Freelancer
Pricing modelNo monthly fee, Low FXCovers moreNo monthly fee
FeaturesFree ATM, Joint account, Digital onlyCovers moreFree ATM
Legal entityN26 Bank SENequi S.A. Compania de Financiamiento
HeadquartersGermanyColombia
Founded2013Lower2015
Support channelsEmail, Chat, Phone, Help centrePhone, Chat, Help centre, Community

Savings

N26 vs Nequi
FactN26Nequi
Headline rate0.3% to 1.5%Not confirmed
Rate typeVariableVariable
Access terms100% flexible: deposit and withdraw any amount, whenever you wantNequi savings account for Colombian natural persons over 18, unlimited balance and no transaction cap, one savings account per user, deposit insured by FOGAFIN
Account kindEasy accessEasy access

Money transfer

N26 vs Nequi
FactN26Nequi
Exchange rate markup0%Lower3%
Delivery timeInstant to 1 business dayWithin 24 hours
Payout methodsBank, CardBank, Cash pickup, Wallet
Fee to send 1,000€0COP 0

Where each stands against the rest

N26 vs Nequi
FactN26NequiMedian
Currency conversion fee0%below the median3%highest quarter0.5%
Currenciesfrom 35highest quarter2lowest quarter5
Free ATM withdrawals€2above the medianNot confirmed€1

Median across 536 listed accounts.

Pros and cons

N26

Pros

  • Deposits are protected through EU DGS up to EUR 100,000, with N26 Bank SE supervised by BaFin in Germany.
  • The savings pot is easy access and fully flexible, so deposits and withdrawals happen in any amount, whenever you want.
  • Support is broad for an app-based bank, running on email, chat and phone.

Cons

  • The savings rate is variable and sits at 0.3% to 1.5%, below the 3% median across savings accounts on the site.
  • Local payment details run on iban, so UK sort codes and US ACH numbers are not part of the standard setup.

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

N26

Who it suits

  • Expats, travelers, students and teens who want spending and savings in the same app, with from 35 currencies to hold.
  • Readers who move money across borders, since transfers arrive in Instant to 1 business day and pay out to a bank account or a card.

Who should look elsewhere

  • Pixpay FR, because its monthly fee of €3.99 suits readers who will put regular use through the account rather than those who want a fee-free everyday account.
  • bunq Spain Bank Account, because a currency conversion fee of 3% suits readers banking mainly in euros and converting rarely.

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

N26

Current offer

  • Bonus

    1% travel cashback: 1% cashback for up to 12 months on qualifying Mastercard transactions outside the EEA, Switzerland and the UK

    N26 Go and Metal customers only; enrolment required via in-app message, email or push notification; up to 12 months

    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

N26 vs Nequi
CountryN26Nequi
AustriaYesNo
BelgiumYesNo
ColombiaNoYes
DenmarkYesNo
EstoniaYesNo
FinlandYesNo
FranceYesNo
GermanyYesNo

8 of 22 countries where either is available.

Questions about each

N26

What does N26 cost to keep open each month?+

The everyday account is free to run: the monthly fee is €0, and N26 sits at position 1 of 500 brands on that column. Spending, savings and support all sit in the same app, so holding the account costs nothing to maintain.

How much does it cost to convert or send money abroad?+

Foreign currency conversion costs 0%, and the exchange rate margin is 0%. The transfer fee is free: no extra charge is added to Wise-powered international transfers, and MoneyBeam domestic transfers are free. That keeps the cost of moving money abroad close to nothing.

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

N26

Visit

Nequi

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