Ualá review

The account pays a variable rate of 19% to 24%, credited daily including weekends and holidays. That sits well above the site median (3%). Because the rate is variable, the headline band can change, so read it as a guide rather than a promise.

The monthly fee is ARS 0, which matches the site median (€0). Transfers are Free (0 ARS), so moving money in and out adds nothing on top. That makes it a low running cost for an easy-access account.

The minimum opening deposit is ARS 10,000. After that the money stays available at any time and interest is credited daily, including weekends and holidays. The account can be opened from a minimum age, so a teenager can hold one in their own name.

The account is aimed at teens and businesses (teen and business) and is based in Argentina. It is run by Ualá Bank S.A.U., supervised by the Banco Central de la República Argentina (BCRA). The account is digital-only (digital only), so it is opened and used in the app.

The free allowance for cash machine withdrawals is ARS 0, so budget for each visit rather than treating withdrawals as costless. Support runs on chat, email and help centre, and there is no phone line in that list.

The account covers 2 currencies, a smaller set than the site median (5). The listing also carries local account details, so check that the payment details you need for your own market are there before you lean on it for cross-border money.

Ualá was founded in 2017 and is headquartered in Argentina, so it is a relatively young operation rather than a long-established institution. The savings account is offered by Ualá Bank S.A.U. as an easy-access account (easy access).

AXI Card lists a headline rate of 21.59% and Plazo ES lists 24.19%, close to the 19% to 24% band here, while PayPal Colombia lists 3.3%, well below it. Ualá's easy-access terms and a ARS 0 monthly fee are what separate it.