Updated September 28, 2026 · VaultCue Editorial Team
Nequi vs Scotiabank Uruguay Cuenta Digital
Nequi
Scotiabank Uruguay Cuenta Digital
Higher score in this comparison
What sets them apart
| Compare | NequiReviewSee alternativesSee alternatives | Scotiabank Uruguay Cuenta DigitalReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | COP 0 | UYU 0 |
| Transfer fee | Free (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR | 2 cost-free transfers per month up to USD 10.000 or UYU 300.000, then UYU 10 per transfer (Scotiabank to Scotiabank unlimited and free) |
| Currency conversion fee | 3% | Not confirmed |
| Free ATM withdrawals | Not confirmed | UYU 5 |
Same on both: Currencies (2).
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Key differences
- Scotiabank Uruguay Cuenta Digital scores higher overall: 8.7 vs 8.5.
- Founded is lower at Scotiabank Uruguay Cuenta Digital: 2011 vs 2015.
- Support channels: only Nequi offers Chat, Community.
- Support channels: only Scotiabank Uruguay Cuenta Digital offers Email.
- Features: only Scotiabank Uruguay Cuenta Digital 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.
Scotiabank Uruguay Cuenta Digital
Scotiabank Uruguay Cuenta Digital suits anyone in Uruguay who wants a savings account run entirely from the app and pays nothing to keep it open. The catch is reach: it holds 2 currencies and needs a minimum deposit of UYU 5,000 to open, so it is a local tool rather than a global one.
Score breakdown
| Area | Nequi | Scotiabank Uruguay Cuenta Digital |
|---|---|---|
| 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 | 9.1Higher | 8.8No monthly charge of UYU 0, but only 2 currencies and a minimum opening deposit of UYU 5,000 |
| Trust | 8.4 | 8.6Higher |
How they place
| Ranking | Nequi | Scotiabank Uruguay Cuenta Digital |
|---|---|---|
| Savings accounts | 582 of 1420 | 536 of 1420 |
Every fact side by side
| Fact | Nequi | Scotiabank Uruguay Cuenta Digital |
|---|---|---|
| Audience | Teen, Business, Freelancer | Not confirmed |
| Pricing model | No monthly fee | No monthly fee |
| Features | Free ATM | Free ATM, Digital onlyCovers more |
| Legal entity | Nequi S.A. Compania de Financiamiento | Scotiabank Uruguay S.A. |
| Headquarters | Colombia | Uruguay |
| Founded | 2015 | 2011Lower |
| Support channels | Phone, Chat, Help centre, Community | Phone, Help centre, Email |
Money transfer
| Fact | Nequi | Scotiabank Uruguay Cuenta Digital |
|---|---|---|
| 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 | Scotiabank Uruguay Cuenta Digital |
|---|---|---|
| Rate type | Variable | Variable |
| Minimum deposit | Not confirmed | UYU 5,000 |
| 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 | Bimonetary savings account in pesos and USD, managed 100% through digital channels, on-demand deposits and withdrawals; 5 free Banred ATM withdrawals and 2 free transfers (up to USD 10,000 or $300,000) per month |
| Account kind | Easy access | Easy access |
Where each stands against the rest
| Fact | Nequi | Scotiabank Uruguay Cuenta Digital | Median |
|---|---|---|---|
| Currency conversion fee | 3%highest quarter | Not confirmed | 0.5% |
| Currencies | 2lowest quarter | 2lowest quarter | 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.
Scotiabank Uruguay Cuenta Digital
Pros
- No monthly maintenance charge on the account
- Runs entirely through digital channels, with deposits and withdrawals on demand
- Free ATM withdrawals up to an allowance of UYU 5 a month
Cons
- Only 2 currencies are held, so travel money beyond pesos and USD means another provider
- Transfers outside the free monthly allowance are charged per transfer, and only Scotiabank to Scotiabank transfers stay free
- A minimum deposit of UYU 5,000 is needed to open the account
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
Scotiabank Uruguay Cuenta Digital
Who it suits
- Uruguay residents paid in pesos who also earn or hold dollars
- People who bank by phone and do not want branch visits
- Savings customers content with a variable rate that moves with the bank
Who should look elsewhere
- Travellers holding more than 2 currencies, where Skrill or PayPal Colombia cover more currencies
- Anyone unwilling to meet the minimum deposit of UYU 5,000
- Users who want a fixed-rate term, since the rate is variable
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 | Scotiabank Uruguay Cuenta Digital |
|---|---|---|
| Colombia | Yes | No |
| Uruguay | 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.
Scotiabank Uruguay Cuenta Digital
Does the Cuenta Digital charge a monthly fee?+
No. The monthly fee is UYU 0, so the account costs nothing to keep open. Costs come from spending beyond the free allowances, mostly transfers and extra ATM withdrawals. Scotiabank to Scotiabank transfers stay free.
What can I hold in the account?+
The account is bimonetary, holding pesos and US dollars, which is 2 currencies in total. Anything beyond those two means a separate provider. Providers such as Skrill hold many more currencies for the same kind of task.
Other options to compare
Other matchups
Related by the facts
Nequi
Scotiabank Uruguay Cuenta Digital