Updated September 28, 2026 · VaultCue Editorial Team
Nequi vs SeaBank Indonesia
Nequi
SeaBank Indonesia
Higher score in this comparison
What sets them apart
| Compare | NequiReviewSee alternativesSee alternatives | SeaBank IndonesiaReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | COP 0 | IDR 0 |
| Transfer fee | Free (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR | Free transfer up to 100 times per month |
| Currency conversion fee | 3% | Not confirmed |
| Currencies | 2 | Not confirmed |
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Key differences
- SeaBank Indonesia scores higher overall: 8.9 vs 8.5.
- Support channels: only Nequi offers Phone, Chat, Community.
- Audience: only Nequi offers Teen, Freelancer.
- Audience: only SeaBank Indonesia offers Student.
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.
SeaBank Indonesia
SeaBank Indonesia suits business owners and students who want an easy-access savings account with a monthly fee of IDR 0 and free transfers within a monthly allowance. Its headline rate of 3.5% sits close to the savings account median, 3.08%, so the case rests on cost and access.
Score breakdown
| Area | Nequi | SeaBank Indonesia |
|---|---|---|
| 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%. | 9.1HigherNo monthly charge: IDR 0, with transfers free within a monthly allowance at IDR 0. |
| Offer | 9.1Higher | 8.6Easy-access balance with interest paid every day at a variable rate of 3.5%. |
| Trust | 8.4 | Not confirmed |
How they place
| Ranking | Nequi | SeaBank Indonesia |
|---|---|---|
| Savings accounts | 582 of 1420 | 436 of 1420 |
| Business bank accounts | 266 of 563 | 186 of 563 |
| Money transfer services | 446 of 1564 | 323 of 1564 |
| Student, teen and kids accounts | 178 of 273 | 133 of 273 |
Every fact side by side
| Fact | Nequi | SeaBank Indonesia |
|---|---|---|
| Audience | Teen, Business, Freelancer | Business, Student |
| Pricing model | No monthly fee | No monthly fee |
| Features | Free ATM | Not confirmed |
| Legal entity | Nequi S.A. Compania de Financiamiento | PT Bank Seabank Indonesia |
| Headquarters | Colombia | Indonesia |
| Founded | 2015 | Not confirmed |
| Support channels | Phone, Chat, Help centre, CommunityCovers more | Help centre |
Money transfer
| Fact | Nequi | SeaBank Indonesia |
|---|---|---|
| Exchange rate markup | 3% | Not confirmed |
| Delivery time | Within 24 hours | Not confirmed |
| Payout methods | Bank, Cash pickup, Wallet | Bank, Cash pickup, Wallet |
| Fee to send 1,000 | COP 0 | IDR 0 |
Savings
| Fact | Nequi | SeaBank Indonesia |
|---|---|---|
| Headline rate | Not confirmed | 3.5% |
| Rate type | Variable | Variable |
| 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 | Savings interest calculated and paid daily |
| Account kind | Easy access | Easy access |
Where each stands against the rest
| Fact | Nequi | SeaBank Indonesia | 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.
SeaBank Indonesia
Pros
- Interest is calculated and credited every day on an easy-access balance, so money earns without waiting on a cycle.
- Transfers are free within a monthly allowance, with the fee set at IDR 0.
- Payouts reach a bank account, cash pickup or a wallet: bank, cash pickup and wallet.
Cons
- The headline rate ranks 184 of 473 compared brands, so rate is not the reason to choose it.
- Support runs on help centre alone, so questions have no phone or live chat route listed.
- The rate is variable rather than fixed, so the 3.5% headline can move and returns are not locked in.
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
SeaBank Indonesia
Who it suits
- Indonesian business owners who want a plain savings balance for day to day cash, with the fee at IDR 0
- Students starting to save who want easy access and interest credited every day
- Anyone who takes payouts to a bank account, cash pickup or a wallet, as bank, cash pickup and wallet allows
Who should look elsewhere
- Plazo ES, which lists a headline rate of 24.19%, far above 3.5% here
- AXI Card, where 21.59% applies to a card offer rather than a savings balance
- PayPal Colombia, which reaches saving through a wallet at 3.3% instead of a bank savings account
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 | SeaBank Indonesia |
|---|---|---|
| Colombia | Yes | No |
| Indonesia | 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.
SeaBank Indonesia
What does the account cost to run?+
The account carries a monthly fee of IDR 0, in line with the site median, €0. Transfers are free within a monthly allowance, and the transfer fee is set at IDR 0, so there is little to pay for everyday use.
How is interest paid on the balance?+
Interest is calculated and paid every day rather than at the end of a cycle. The account is easy-access, so money stays reachable while it earns, and the rate is variable at 3.5%. The savings account median, 3.08%, is close by.
Other options to compare
Other matchups
Related by the facts
Nequi
SeaBank Indonesia