Nu Colombia vs Revolut UK

Nu Colombia

Who it suits

• Colombian residents who want a peso account for daily spending
• People who move money often and want unlimited free transfers to local banks and wallets
• Holders who accept a variable low yield in exchange for no monthly charge

Who should look elsewhere

• PayPal Colombia, which lists a headline rate of 3.3% against 0.1% here
• AXI Card, which shows 21.59% for anyone chasing the rate rather than free transfers
• Plazo ES, which lists 24.19% for anyone focused on rate rather than free local transfers

Revolut UK

Who it suits

• Savers who want instant app access and no charge for holding the balance, rather than a card and credit deal such as AXI Card Tarjeta y Credito at 21.59%.
• Travelers, freelancers and teens, the audience named in travelers, freelancer and teen, who want 30 currencies and a conversion fee that runs 0% to 1%.
• Anyone starting out with a wallet, since PayPal Colombia is the listed alternative at 3.3% and this balance pays 4% with iban details.

Who should look elsewhere

• Savers shopping on the headline rate alone: the listed alternative Plazo ES shows 24.19% and AXI Card Tarjeta y Credito shows 21.59%, both far above the 4% paid here.
• People who need the return fixed for a set period, since the rate type is variable and the balance is easy-access by design.
• Customers who want the deposits held by the brand itself: the account licence type is e money and the savings sit with a savings deposit partner, a different structure from the listed wallet alternative PayPal Colombia at 3.3%.

Nu Colombia