Updated September 29, 2026 · VaultCue Editorial Team
Nequi vs Vivid Money
Nequi
Vivid Money
Higher score in this comparison
Where Nequi and Vivid Money differ
| Compare | NequiReviewSee alternativesSee alternatives | Vivid MoneyReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | COP 0 | €0 |
| Currency conversion fee | 3% | 0.25%Lower |
| Currencies | 2 | 22Higher |
| Transfer fee | Free (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR | Free |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Local account details | Not confirmed | IBAN |
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Key differences
- Vivid Money scores higher overall: 8.8 vs 8.5.
- Founded is lower at Nequi: 2015 vs 2019.
- Vivid Money is licensed in 1 more country.
- Currency conversion fee is lower at Vivid Money: 0.25% vs 3%.
- Currencies is higher at Vivid Money: 22 vs 2.
- Support channels: only Nequi offers Phone, Community.
- Features: only Nequi offers Free ATM.
- Features: only Vivid Money 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.
Vivid Money
Vivid Money suits people who want everyday spending plus savings in the same app without monthly upkeep, with the standard plan priced at €0 a month. Cash stays within instant access pockets that suit flexible savers who also move money across currencies for travel or daily life abroad.
Score breakdown
| Area | Nequi | Vivid Money |
|---|---|---|
| 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%. | 9.2HigherConversion priced at 0.25% keeps cross currency spend modest versus broader market levels |
| Offer | 9.1 | 9.1Interest pocket pays 3% on instant access balances with low entry threshold |
| Trust | 8.4Higher | 8.3Eligible balances covered by EU DGS up to EUR 100,000 with licensed EU supervision |
A third option
eToro has currency conversion fee at 0%, against 3% for Nequi and 0.25% for Vivid Money.
eToro reviewWhat we checked
Nequi
- nequi.com.co: 11 facts, checked September 26, 2026
Vivid Money
- vivid.money: 10 facts, checked September 29, 2026
- esma.europa.eu: 2 facts, checked September 28, 2026
How they place
| Ranking | Nequi | Vivid Money |
|---|---|---|
| Savings accounts | 582 of 1420 | 496 of 1420 |
Every fact side by side
| Fact | Nequi | Vivid Money |
|---|---|---|
| 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 | Vivid Money B.V. |
| Headquarters | Colombia | Netherlands |
| Founded | 2015Lower | 2019 |
| Support channels | Phone, Chat, Help centre, CommunityCovers more | Chat, Help centre |
Money transfer
| Fact | Nequi | Vivid Money |
|---|---|---|
| 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 | Vivid Money |
|---|---|---|
| Headline rate | Not confirmed | 3% |
| Rate type | Variable | Fixed |
| Minimum deposit | Not confirmed | €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 | Instant access |
| Account kind | Easy access | Easy access |
| Regulators | Not confirmed | Commission de Surveillance du Secteur Financier (CSSF), Dutch Authority for Financial Markets (AFM), Netherlands Authority for the Financial Markets (AFM) |
Where each stands against the rest
| Fact | Nequi | Vivid Money | Median |
|---|---|---|---|
| Currency conversion fee | 3%highest quarter | 0.25%below the median | 0.5% |
| Currencies | 2lowest quarter | 22highest 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.
Vivid Money
Pros
- Transfers cost free, which keeps routine euro moves easy to budget
- Supports 22 currencies and issues IBAN for getting paid across borders
- Savings start from €0.01 with withdrawals under Instant access for flexible access
Cons
- Support runs on chat and help centre only, so callers must use chat or articles
- Account is digital only through digital only, with no branch option for cash service
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
Vivid Money
Who it suits
- Travellers and expats holding balances across currencies
- Flexible savers wanting instant access pockets in the same app
- App led users happy with chat based service
Who should look elsewhere
- Consider bunq if conversion cost matters most and you want to compare against 3%
- Consider Bit2Me if crypto linked services matter and you want to compare against 0.95%
- Consider eToro if trading features matter and you want to compare upkeep against £0
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 | Vivid Money |
|---|---|---|
| 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.
Vivid Money
What does Vivid Money charge for the account+
The standard plan is priced at €0 a month, which keeps upkeep predictable for everyday use. Transfers are listed at free, while currency conversion is listed at 0.25% for cross currency moves.
How many currencies can you hold+
Vivid Money supports 22 currencies, which helps if you hold balances for travel or pay across borders. Local euro details come through IBAN, making it easier to receive salary or transfers within the region.
Other options to compare
Other matchups
Related by the facts
Nequi
Vivid Money