Updated October 13, 2026 · VaultCue Editorial Team
Nu Mexico vs Step
Nu Mexico
Step
Higher score in this comparison
Where Nu Mexico and Step differ
| Compare | Nu MexicoReviewSee alternativesSee alternatives | StepReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | MX$0 | $0 |
| Transfer fee | Free: SPEI transfers, no commission | Small fee for Instant Transfer to a linked debit card |
| Deposit protection | Not confirmed | FDIC up to USD 250,000 |
| Local account details | Not confirmed | Us ACH |
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Key differences
- Founded is lower at Nu Mexico: 2019 vs 2020.
- Support channels: only Nu Mexico offers Community.
- Support channels: only Step offers Email.
- Features: only Nu Mexico offers Digital only.
- Features: only Step offers Free ATM.
Our verdict on each
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.
Step
Step suits teens and students in the US who want a free everyday account and easy access savings, with an overall score of 6.3. Costs sit at $0 a month and savings run at 3% variable, but that rate waits on a status earned by card spending or qualifying direct deposits.
Score breakdown
| Area | Nu Mexico | Step |
|---|---|---|
| Cost | 9.3 | 9.3Monthly fee of $0 on a no monthly fee model, with free atm for ATM withdrawals. |
| Offer | 9.8Higher | 9.4 |
| Trust | 8.2Higher | 8.1 |
How they place
| Ranking | Nu Mexico | Step |
|---|---|---|
| Savings accounts | 1276 of 1420 | 490 of 1420 |
Every fact side by side
| Fact | Nu Mexico | Step |
|---|---|---|
| Audience | Not confirmed | Teen |
| Pricing model | No monthly fee | No monthly fee |
| Features | Digital only | Free ATM |
| Legal entity | Nubank S.A., Institucion de Banca Multiple | Step Financial LLC |
| Headquarters | Mexico | United States |
| Founded | 2019Lower | 2020 |
| Support channels | Chat, Phone, Help centre, Community | Chat, Email, Phone, Help centre |
Savings
| Fact | Nu Mexico | Step |
|---|---|---|
| Headline rate | 6.5% to 13%Higher | 3% |
| Rate type | Fixed | Variable |
| Minimum deposit | MX$0.010 | $0 |
| Access terms | Cajitas Nu pay daily yield and stay available 24/7; optional frozen savings of 7, 28, 90 or 180 days | No savings minimums; 3.00% on savings requires Step Black status, earned by spending $500 with the Step Card or $300 in qualifying direct deposits each calendar month |
| Account kind | Easy access | Easy access |
Pros and cons
Nu Mexico
Pros
- Everyday account that organises money through savings pots
- Accessible savings paired with optional frozen savings structure
Step
Pros
- Monthly fee of $0 on a no monthly fee account
- Savings rate of 3% variable with a minimum deposit of $0
- free atm means no ATM charge when you need cash
Cons
- The full savings rate is tied to a status earned by card spending or qualifying direct deposits, so an inactive month earns less
- Small fee for Instant Transfer to a linked debit card for an Instant Transfer to a linked debit card
Who each suits
Nu Mexico
Who it suits
- People who prefer digital management for routine money
- People who like separate pots for everyday goals
Step
Who it suits
- Teens in the US building their first account
- Students who keep a direct deposit in place to keep the better savings rate
Who should look elsewhere
- bunq and bunq Spain Bank Account, where a euro account serves a euro market rather than a US teen account
- Pixpay FR, which charges a monthly fee of €3.99
Current offers
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
Step
Current offer
Bonus
Cashback on Step Card purchases with Step Black: Up to 10% cashback on purchases with select Step Black Partners, and unlimited 1% cashback on everything else
Requires Step Black enrollment; Step Black is an earned status available at no cost and full status is earned by meeting qualifying activity thresholds each month
Source, checked September 26, 2026
Bonus
Step savings reward: 3.00% on your savings balance (cash rewards, not interest)
Step Black is an earned status available at no cost; full status is earned by meeting qualifying activity thresholds each month; percentage is variable and may change
Source, checked September 26, 2026
Country by country
| Country | Nu Mexico | Step |
|---|---|---|
| Mexico | Yes | No |
| United States | No | Yes |
Questions about each
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.
Step
How much does a Step account cost each month?+
The monthly fee is $0 and the account follows a no monthly fee model, so there is nothing to pay simply for holding it. Cash handling is covered by free atm, so withdrawing at an ATM costs nothing either. The one charge to watch is Small fee for Instant Transfer to a linked debit card to a linked debit card.
What interest do I get on savings?+
The headline savings rate is 3% and it is variable, so it can move rather than being locked. The minimum deposit is $0, which means you can start small. Savings are easy access, so you can take money out without giving up a fixed term.
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Related by the facts
Nu Mexico
Step