Updated October 13, 2026 · VaultCue Editorial Team
Nequi vs Nu Mexico
Nequi
Higher score in this comparison
Nu Mexico
Nequi vs Nu Mexico: the differences
| Compare | NequiReviewSee alternativesSee alternatives | Nu MexicoReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | COP 0 | MX$0 |
| Transfer fee | Free (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR | Free: SPEI transfers, no commission |
| Currency conversion fee | 3% | Not confirmed |
| Currencies | 2 | Not confirmed |
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Key differences
- Founded is lower at Nequi: 2015 vs 2019.
- Features: only Nequi offers Free ATM.
- Features: only Nu Mexico offers Digital only.
Our verdict on each
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.
Nu Mexico
Nu Mexico offers an everyday account built around Cajitas Nu for organising money alongside routine spending. The service provides easy-access savings with a structured option for money set apart and appeals to people who prefer managing finances through a digital channel in Mexico.
Score breakdown
| Area | Nequi | Nu Mexico |
|---|---|---|
| Cost | 8.2The monthly fee is COP 0 and transfers are free, but conversion at 3% is well above the everyday-accounts median 0.22%. | 9.3Higher |
| Offer | 9.1 | 9.8Higher |
| Trust | 8.4Higher | 8.2 |
How they place
| Ranking | Nequi | Nu Mexico |
|---|---|---|
| Savings accounts | 582 of 1420 | 1276 of 1420 |
Every fact side by side
| Fact | Nequi | Nu Mexico |
|---|---|---|
| Audience | Teen, Business, Freelancer | Not confirmed |
| Pricing model | No monthly fee | No monthly fee |
| Features | Free ATM | Digital only |
| Legal entity | Nequi S.A. Compania de Financiamiento | Nubank S.A., Institucion de Banca Multiple |
| Headquarters | Colombia | Mexico |
| Founded | 2015Lower | 2019 |
| Support channels | Phone, Chat, Help centre, Community | Chat, Phone, Help centre, Community |
Money transfer
| Fact | Nequi | Nu Mexico |
|---|---|---|
| Exchange rate markup | 3% | Not confirmed |
| Delivery time | Within 24 hours | Not confirmed |
| Payout methods | Bank, Cash pickup, Wallet | Not confirmed |
| Fee to send 1,000 | COP 0 | Not confirmed |
Savings
| Fact | Nequi | Nu Mexico |
|---|---|---|
| Headline rate | Not confirmed | 6.5% to 13% |
| Rate type | Variable | Fixed |
| Minimum deposit | Not confirmed | MX$0.010 |
| Access terms | Nequi savings account for Colombian natural persons over 18, unlimited balance and no transaction cap, one savings account per user, deposit insured by FOGAFIN | Cajitas Nu pay daily yield and stay available 24/7; optional frozen savings of 7, 28, 90 or 180 days |
| Account kind | Easy access | Easy access |
Where each stands against the rest
| Fact | Nequi | Nu Mexico | Median |
|---|---|---|---|
| Currency conversion fee | 3%highest quarter | Not confirmed | 0.5% |
| Currencies | 2lowest quarter | Not confirmed | 5 |
Median across 536 listed accounts.
Pros and cons
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.
Nu Mexico
Pros
- Everyday account that organises money through savings pots
- Accessible savings paired with optional frozen savings structure
Who each suits
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
Nu Mexico
Who it suits
- People who prefer digital management for routine money
- People who like separate pots for everyday goals
Current offers
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
Nu Mexico
Current offer
Discount code
Cinepolis 2x1 with the Nu credit card: 2x1 (buy one ticket, get one free) at Cinepolis
Exclusive promo for Nu credit card holders, listed as a limited-time Mastercard benefit on the promotions page
Source, checked September 26, 2026
Country by country
| Country | Nequi | Nu Mexico |
|---|---|---|
| Colombia | Yes | No |
| Mexico | No | Yes |
Questions about each
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.
Nu Mexico
What does Nu Mexico offer for everyday banking?+
Nu Mexico provides an account for routine use that includes easy-access savings for organising money. It combines accessible pots with a structured option for money set apart. The experience focuses on digital management for spending and saving together.
Who is Nu Mexico designed for?+
Nu Mexico appeals to people who want banking and savings in one digital place. It attracts those who value organised pots for plans and routine costs. Check whether flexible access with added structure matches your habits.
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Nequi
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