Updated September 28, 2026 · VaultCue Editorial Team
Scotiabank Uruguay Cuenta Digital vs Up
Scotiabank Uruguay Cuenta Digital
Up
Higher score in this comparison
What sets them apart
| Compare | Scotiabank Uruguay Cuenta DigitalReviewSee alternativesSee alternatives | UpReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | UYU 0 | A$0 |
| Free ATM withdrawals | UYU 5 | A$0 |
| Transfer fee | 2 cost-free transfers per month up to USD 10.000 or UYU 300.000, then UYU 10 per transfer (Scotiabank to Scotiabank unlimited and free) | Free for domestic Pay Anyone transfers, BPAY and direct debits; international transfers sent via Wise |
| Currency conversion fee | Not confirmed | 0% |
| Currencies | 2 | Not confirmed |
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Key differences
- Up scores higher overall: 9.4 vs 8.7.
- Support channels: only Up offers Chat.
- Pricing model: only Up offers Low FX.
- Features: only Scotiabank Uruguay Cuenta Digital offers Digital only.
- Features: only Up offers Joint account.
Our verdict on each
Scotiabank Uruguay Cuenta Digital
Scotiabank Uruguay Cuenta Digital suits anyone in Uruguay who wants a savings account run entirely from the app and pays nothing to keep it open. The catch is reach: it holds 2 currencies and needs a minimum deposit of UYU 5,000 to open, so it is a local tool rather than a global one.
Up
Up suits anyone who wants an everyday Australian account that charges no monthly fee and no currency conversion fee. The monthly fee is AUD 0, the currency conversion fee is 0%, and the account is provided by Bendigo and Adelaide Bank Limited, with a variable rate on balances.
Score breakdown
| Area | Scotiabank Uruguay Cuenta Digital | Up |
|---|---|---|
| Cost | Not confirmed | 9.4Cash withdrawals are free within the allowance of AUD 0 and the minimum deposit is AUD 0, so running costs stay low. |
| Offer | 8.8No monthly charge of UYU 0, but only 2 currencies and a minimum opening deposit of UYU 5,000 | 9.2HigherBuilt for travelers, with help on chat, phone and email and an Australian Credit Licence, 237879. |
| Trust | 8.6 | Not confirmed |
How they place
| Ranking | Scotiabank Uruguay Cuenta Digital | Up |
|---|---|---|
| Savings accounts | 536 of 1420 | 110 of 1420 |
Every fact side by side
| Fact | Scotiabank Uruguay Cuenta Digital | Up |
|---|---|---|
| Audience | Not confirmed | Travelers |
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Features | Free ATM, Digital only | Free ATM, Joint account |
| Legal entity | Scotiabank Uruguay S.A. | Bendigo and Adelaide Bank Limited |
| Headquarters | Uruguay | Australia |
| Founded | 2011 | Not confirmed |
| Support channels | Phone, Help centre, Email | Chat, Phone, Email, Help centreCovers more |
Savings
| Fact | Scotiabank Uruguay Cuenta Digital | Up |
|---|---|---|
| Rate type | Variable | Variable |
| Minimum deposit | UYU 5,000 | A$0 |
| Access terms | Bimonetary savings account in pesos and USD, managed 100% through digital channels, on-demand deposits and withdrawals; 5 free Banred ATM withdrawals and 2 free transfers (up to USD 10,000 or $300,000) per month | On-demand easy access via the Up app; interest activates after 5 eligible card purchases in a month, no deposit required |
| Account kind | Easy access | Easy access |
Where each stands against the rest
| Fact | Scotiabank Uruguay Cuenta Digital | Up | Median |
|---|---|---|---|
| Currency conversion fee | Not confirmed | 0%below the median | 0.5% |
| Currencies | 2lowest quarter | Not confirmed | 5 |
Median across 536 listed accounts.
Pros and cons
Scotiabank Uruguay Cuenta Digital
Pros
- No monthly maintenance charge on the account
- Runs entirely through digital channels, with deposits and withdrawals on demand
- Free ATM withdrawals up to an allowance of UYU 5 a month
Cons
- Only 2 currencies are held, so travel money beyond pesos and USD means another provider
- Transfers outside the free monthly allowance are charged per transfer, and only Scotiabank to Scotiabank transfers stay free
- A minimum deposit of UYU 5,000 is needed to open the account
Up
Pros
- No monthly charge on the everyday account: AUD 0.
- No currency conversion fee: 0%.
- Joint accounts and free cash machine withdrawals are both on the free atm and joint account list.
Cons
- Interest activates only after a set number of eligible card purchases in a month, so a balance must see card spending first.
- The account kind is easy access with a variable rate, so a fixed-rate term is not part of the deal.
Who each suits
Scotiabank Uruguay Cuenta Digital
Who it suits
- Uruguay residents paid in pesos who also earn or hold dollars
- People who bank by phone and do not want branch visits
- Savings customers content with a variable rate that moves with the bank
Who should look elsewhere
- Travellers holding more than 2 currencies, where Skrill or PayPal Colombia cover more currencies
- Anyone unwilling to meet the minimum deposit of UYU 5,000
- Users who want a fixed-rate term, since the rate is variable
Up
Who it suits
- People in Australia who want a current account with AUD 0 a month and 0% on currency conversion.
- The travellers Up is aimed at, since its listed audience is travelers.
- Pairs who want to share one account, as a joint account appears under free atm and joint account.
Who should look elsewhere
- Readers who want a euro account rather than an Australian one, since €0 a month at XTB and €0 at AXI Card Tarjeta y Credito sit outside Up's Australian base.
- Anyone focused mainly on moving money rather than holding a bank balance, where Skrill charges €0 a month.
Current offers
Up
Current offer
Bonus
Sign up & SCORE $10 with code UPYEAH10: $10 AUD
Code must be used at sign-up via the Up app; offer only applies to individuals opening a new Up Everyday Account
Source, checked September 26, 2026
Country by country
| Country | Scotiabank Uruguay Cuenta Digital | Up |
|---|---|---|
| Australia | No | Yes |
| Uruguay | Yes | No |
Questions about each
Scotiabank Uruguay Cuenta Digital
Does the Cuenta Digital charge a monthly fee?+
No. The monthly fee is UYU 0, so the account costs nothing to keep open. Costs come from spending beyond the free allowances, mostly transfers and extra ATM withdrawals. Scotiabank to Scotiabank transfers stay free.
What can I hold in the account?+
The account is bimonetary, holding pesos and US dollars, which is 2 currencies in total. Anything beyond those two means a separate provider. Providers such as Skrill hold many more currencies for the same kind of task.
Up
What does it cost to hold an Up account?+
Up charges a monthly fee of AUD 0 on the everyday account, and the currency conversion fee is 0%. The minimum deposit is AUD 0. Domestic Pay Anyone transfers, BPAY and direct debits are free, while international transfers are sent through Wise.
Who provides the account and what licence is behind it?+
The account comes from Bendigo and Adelaide Bank Limited, Bendigo and Adelaide Bank Limited, which is based in Australia, AU. Up also holds an Australian Credit Licence, 237879, and an Australian Financial Services Licence in Australia.
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Related by the facts
Scotiabank Uruguay Cuenta Digital