Updated October 13, 2026 · VaultCue Editorial Team
Nequi vs Reflect
Nequi
Higher score in this comparison
Reflect
What sets them apart
| Compare | NequiReviewSee alternativesSee alternatives | ReflectReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | COP 0 | Not confirmed |
| Currency conversion fee | 3% | Not confirmed |
| Currencies | 2 | Not confirmed |
| Transfer fee | Free (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR | Not confirmed |
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Key differences
- Support channels: only Nequi offers Chat, Help centre, Community.
- Support channels: only Reflect offers Email.
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.
Reflect
For residents in Jordan seeking phone based daily money management, Reflect provides a focused mobile option. Reflect is a lifestyle digital mobile banking app with current and savings accounts plus cards and lending features for local everyday use and multicurrency needs.
Score breakdown
| Area | Nequi | Reflect |
|---|---|---|
| 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%. | Not confirmed |
| Offer | 9.1 | Not confirmed |
| Trust | 8.4 | Not confirmed |
How they place
| Ranking | Nequi | Reflect |
|---|---|---|
| Savings accounts | 582 of 1420 | 1266 of 1420 |
Every fact side by side
| Fact | Nequi | Reflect |
|---|---|---|
| Audience | Teen, Business, Freelancer | Not confirmed |
| Pricing model | No monthly fee | Not confirmed |
| Features | Free ATM | Not confirmed |
| Legal entity | Nequi S.A. Compania de Financiamiento | Not confirmed |
| Headquarters | Colombia | Jordan |
| Founded | 2015 | Not confirmed |
| Support channels | Phone, Chat, Help centre, Community | Email, Phone |
Money transfer
| Fact | Nequi | Reflect |
|---|---|---|
| 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 | Reflect |
|---|---|---|
| Rate type | Variable | Not confirmed |
| 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 | Free withdrawals at any Arab Bank ATM in Jordan; 5-500 JOD per day, same-day access via app |
| Account kind | Easy access | Easy access |
Where each stands against the rest
| Fact | Nequi | Reflect | Median |
|---|---|---|---|
| Monthly fee | COP 0at the median | Not confirmed | COP 0 |
| 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.
Reflect
Pros
- Holds current and savings balances together in one mobile app
- Provides physical, virtual and multicurrency card options for transactions
- Combines everyday accounts with personal lending in one application
Cons
- Operates as a mobile app without physical branches for counter service
- Serves Jordan, which narrows options for people based elsewhere
- Centres on card spending, which reduces choice for cash led routines
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
Reflect
Who it suits
- People in Jordan who want app based current and savings accounts
- Users who want multicurrency balances and card choice in one place
Who should look elsewhere
- People who prefer branch based banking with counter service
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
Country by country
| Country | Nequi | Reflect |
|---|---|---|
| Colombia | Yes | No |
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.
Reflect
What does Reflect offer for everyday banking?+
Reflect provides digital current accounts and savings accounts for everyday money management in one application. It also provides debit cards, a virtual card for online transactions, a credit card option and multicurrency balances. Personal loans sit alongside those accounts for additional borrowing needs.
Which currencies can Reflect hold?+
Reflect supports multicurrency accounts in USD, EUR, GBP, AED and SAR. Those balances sit beside Jordanian dinar accounts within the same application. Users can spend and manage money across those currencies from one place.
Other options to compare
Other matchups
Related by the facts
Nequi
Reflect