peiGo review
Updated October 12, 2026 · VaultCue Editorial Team
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Our verdict
peiGo works as a phone based wallet instead of a branch based account. It combines transfers, remittances, service payments and physical or virtual cards in one app for people in Ecuador who want everyday money management from a mobile without queuing for cash or visiting counters.
Key facts
- Best for
- People in Ecuador managing money by mobile app
- Monthly fee
- $0↗
- Free ATM withdrawals
- $0↗
- Transfer fee
- Free peer-to-peer transfers and service payments; Banco del Barrio withdrawal costs USD 0.36 per transaction↗
- Legal entity
- Banco Guayaquil S. A.↗
- Headquarters
- Ecuador↗
- Support channels
- Email, Chat, Help-centre, Community↗
- Audience
- Business, Freelancers
- Pricing model
- No monthly fee
- Features
- Digital-only, No credit check
- Official website
- peigo.com.ec
Savings
- Rate type
- Variable↗
- Minimum deposit
- $0↗
- Access terms
- 100% digital savings account opened or upgraded in the app, no branch visit; up to USD 17,498 per month in transfers and payments and up to USD 5,250 per month in service payments; cash withdrawals at Banco del Barrio points and Banco Guayaquil ATMs↗
- Account kind
- Easy access↗
Money transfer
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
Pros and cons
Pros
- Opens a digital account in minutes from a mobile with identity validation.
- Receives remittances digitally to a phone without queues or cash handling.
- Pays utilities and mobile top ups from the wallet inside Ecuador.
- Issues physical and virtual debit and credit cards for national and international purchases.
Cons
- Operates only in Ecuador, so access stays limited to one market.
- Runs as a digital only service, so help comes through remote channels.
- Requires a mobile app for opening, cards and everyday management.
Who it suits
- Residents of Ecuador managing money by phone
- Recipients of remittances wanting phone collection
- Card users wanting physical and virtual choice
Who should look elsewhere
- People living outside Ecuador
- People wanting branch based account opening
How peiGo compares
Where peiGo is available
- Available
- Ecuador
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Who can open a peiGo account?+
Residents in Ecuador can open a digital account by downloading the app, completing personal details and validating identity. The opening finishes within minutes and the account is managed entirely from a mobile. Activation then allows use of cards, transfers and other wallet functions.
Which countries does peiGo serve?+
peiGo serves users in Ecuador for everyday transfers, remittances and service payments from the wallet. Cards can pay in national and international shops and online stores. Account opening and management remain centered on Ecuador.
What cards does peiGo offer?+
peiGo offers debit and credit cards in physical and virtual form. Users select the card that suits their spending and pay in shops or online. Cards support national and international purchases from the same wallet.
How do remittances work with peiGo?+
peiGo receives remittances digitally straight to the phone without queues or cash collection. The money arrives quickly in the wallet and stays available for spending or transfers. The process avoids branch visits and manual handling.
What service payments does peiGo cover?+
peiGo pays household services such as electricity, water and internet from the app. Users also top up mobile phones for use inside Ecuador. Both options sit alongside transfers and card spending in one wallet.
Sources
- peigo.com.ec/cuenta-de-ahorros checked September 26, 2026
Backs: Access terms, Account kind, Rate type
- peigo.com.ec/preguntas-frecuentes/todas checked September 26, 2026
Backs: Minimum deposit
- peigo.com.ec checked September 26, 2026
Backs: Audience, Headquarters
“PeiGo(R) - Banco Guayaquil S. A. Edificio Matriz, Pichincha 107 y P. Icaza, Guayaquil, Ecuador.”
- peigo.com.ec/funcionalidades/remesas checked September 26, 2026
Backs: Delivery time
- peigo.com.ec/funcionalidades/retira-dinero-con-peigo checked September 26, 2026
Backs: Free ATM withdrawals
- peigo.com.ec/preguntas-frecuentes/todas checked September 26, 2026
Backs: Monthly fee, Support channels, Transfer fee, Fee to send 1,000
- peigo.com.ec/tarjetas-peigo checked September 26, 2026
Backs: Features, Pricing model
“$0 costo mensual - Tarjeta debito peiGo”
- peigo.com.ec/terminos-y-condiciones checked September 26, 2026
Backs: Legal entity, Payout methods
Compiled from 8 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee, Currencies.