Updated October 14, 2026 · VaultCue Editorial Team
ubank vs Yape
ubank
Yape
Higher score in this comparison
What sets them apart
| Compare | ubankReviewSee alternativesSee alternatives | YapeReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | Not confirmed | PEN 0 |
| Currency conversion fee | Not confirmed | 0% |
| Currencies | Not confirmed | 2 |
| Transfer fee | Not confirmed | Free (0) to send a Yape payment; remittance receiving also free |
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Our verdict on each
ubank
Ubank lists goal-oriented savings, Autosave, savings accounts and Shared Save accounts.
Yape
Yape suits people in Peru who want a wallet for everyday payments and money sent home, not a multi-currency account. The monthly fee is PEN 0 and the currency conversion fee is 0%, so the cost is hard to argue with, but the offer is thin at 2 currencies.
Score breakdown
| Area | ubank | Yape |
|---|---|---|
| Cost | Not confirmed | 9.6Monthly fee of PEN 0, a currency conversion fee of 0% and free transfers on a single-currency wallet. |
| Offer | Not confirmed | 8.3Covers 2 currencies, pays out to the wallet only and runs as a digital-only service. |
Every fact side by side
| Fact | ubank | Yape |
|---|---|---|
| Pricing model | Not confirmed | No monthly fee |
| Features | Not confirmed | Digital only |
| Legal entity | National Australia Bank | Not confirmed |
| Headquarters | Australia | Not confirmed |
| Founded | 2008 | Not confirmed |
| Support channels | Not confirmed | Help centre |
Money transfer
| Fact | ubank | Yape |
|---|---|---|
| Delivery time | Not confirmed | Instant, credited directly to the Yape wallet |
| Payout methods | Not confirmed | Wallet |
| Fee to send 1,000 | Not confirmed | PEN 0 |
Where each stands against the rest
| Fact | ubank | Yape | Median |
|---|---|---|---|
| Monthly fee | Not confirmed | PEN 0at the median | PEN 0 |
| Currency conversion fee | Not confirmed | 0%below the median | 0.5% |
| Currencies | Not confirmed | 2lowest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
ubank
Pros
- Ubank lists goal-oriented savings, Autosave, savings accounts and Shared Save accounts.
- The captured overview does not provide rates.
Yape
Pros
- Monthly fee of PEN 0 on the everyday account
- Currency conversion fee of 0%, top of the multi-currency table
- Sending a Yape payment and receiving a remittance are both free
Cons
- Only 2 currencies, near the bottom of the multi-currency table
- Payouts run to the wallet only, so money cannot be withdrawn to a bank account
- Support runs on help centre only, with no phone or email line
Who each suits
ubank
Who it suits
- Australia Ubank customers choosing goal-based, automatic or shared savings tools
Yape
Who it suits
- People living in Peru paying everyday bills from a phone
- Family members abroad sending remittances to a Yape wallet
- Anyone who wants to receive money without opening a bank account
Who should look elsewhere
- PayPal Colombia or Skrill if you hold money in several currencies
- eToro if you want a card account that pays out to a bank
- Anyone who needs help by phone, since support runs on help centre only
Current offers
Yape
Current offer
Discount code
Hasta 50% de descuento en electrodomésticos en Yape Tienda: Up to 50% off appliances
Source, checked September 26, 2026
Country by country
| Country | ubank | Yape |
|---|---|---|
| Australia | Yes | No |
| Peru | No | Yes |
Questions about each
Yape
How much does a Yape account cost to keep?+
The monthly fee on the everyday account is PEN 0. Sending a Yape payment carries no charge, and receiving a remittance is free as well, so the everyday cost of running the wallet is close to nothing.
What does it cost to change currency in a Yape wallet?+
The currency conversion fee is 0%, which sits at the top of the multi-currency ranking. The catch is that Yape only holds 2 currencies, so a wider currency basket is not available here.
How fast is a remittance sent to a Yape wallet?+
Delivery is Instant, credited directly to the Yape wallet. The money appears in the wallet itself rather than on a bank account, and receiving it carries no fee.
Can I get my money out of a Yape wallet?+
Payouts run to the wallet, so the balance stays in the app. Yape is listed as a digital-only service, which fits paying and receiving rather than holding savings in a separate account.
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ubank
Yape