Updated September 29, 2026 · VaultCue Editorial Team
Scotiabank Uruguay Cuenta Digital vs Vivid Money
Scotiabank Uruguay Cuenta Digital
Vivid Money
Higher score in this comparison
What sets them apart
| Compare | Scotiabank Uruguay Cuenta DigitalReviewSee alternativesSee alternatives | Vivid MoneyReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | UYU 0 | €0 |
| Currencies | 2 | 22Higher |
| 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 |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
| Currency conversion fee | Not confirmed | 0.25% |
| Local account details | Not confirmed | IBAN |
| Free ATM withdrawals | UYU 5 | Not confirmed |
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Key differences
- Vivid Money scores higher overall: 8.8 vs 8.7.
- Founded is lower at Scotiabank Uruguay Cuenta Digital: 2011 vs 2019.
- Vivid Money is licensed in 1 more country.
- Currencies is higher at Vivid Money: 22 vs 2.
- Support channels: only Scotiabank Uruguay Cuenta Digital offers Phone, Email.
- Support channels: only Vivid Money offers Chat.
- Features: only Scotiabank Uruguay Cuenta Digital offers Free ATM.
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.
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 | Scotiabank Uruguay Cuenta Digital | Vivid Money |
|---|---|---|
| Cost | Not confirmed | 9.2Conversion priced at 0.25% keeps cross currency spend modest versus broader market levels |
| Offer | 8.8No monthly charge of UYU 0, but only 2 currencies and a minimum opening deposit of UYU 5,000 | 9.1HigherInterest pocket pays 3% on instant access balances with low entry threshold |
| Trust | 8.6Higher | 8.3Eligible balances covered by EU DGS up to EUR 100,000 with licensed EU supervision |
How they place
| Ranking | Scotiabank Uruguay Cuenta Digital | Vivid Money |
|---|---|---|
| Savings accounts | 536 of 1420 | 496 of 1420 |
| Multi-currency accounts | 223 of 348 | 206 of 348 |
| Online banks | 178 of 402 | 155 of 402 |
Every fact side by side
| Fact | Scotiabank Uruguay Cuenta Digital | Vivid Money |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee |
| Features | Free ATM, Digital onlyCovers more | Digital only |
| Legal entity | Scotiabank Uruguay S.A. | Vivid Money B.V. |
| Headquarters | Uruguay | Netherlands |
| Founded | 2011Lower | 2019 |
| Support channels | Phone, Help centre, Email | Chat, Help centre |
Savings
| Fact | Scotiabank Uruguay Cuenta Digital | Vivid Money |
|---|---|---|
| Headline rate | Not confirmed | 3% |
| Rate type | Variable | Fixed |
| Minimum deposit | UYU 5,000 | €0.010 |
| 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 | 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 | Scotiabank Uruguay Cuenta Digital | Vivid Money | Median |
|---|---|---|---|
| Currency conversion fee | Not confirmed | 0.25%below the median | 0.5% |
| Currencies | 2lowest quarter | 22highest quarter | 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
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
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
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
Country by country
| Country | Scotiabank Uruguay Cuenta Digital | Vivid Money |
|---|---|---|
| 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.
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
Scotiabank Uruguay Cuenta Digital
Vivid Money