Meem vs Nomo.
Meem (M74/100) and Nomo (N52/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. A close tie.
| M Meem №24 · SAMA 74 /100 | N Nomo №68 · FCA 52 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 74 /100 | 52 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | 2.00% | 1.00% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank SAMA | Payment inst. FCA |
| Deposit guarantee Per depositor | €200,000 SA.SAMA-DPS | Safeguarded GB.FSCS |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 2 countries |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | Yes | Yes |
| UX | ||
| Trustpilot Customer score | — | — |
| App store iOS + Android avg | 4.1 ★ iOS 4.2 · And 4.0 | 4.3 ★ iOS 4.4 · And 4.2 |
| Read review → | Read review → | |
Pick Meem if…
Digital banking arm of Gulf International Bank — one of the first KSA digital-only banking offerings (launched 2014). Sharia-compliant by structure (profit-share rather than interest). SA Deposit Protection cover via the GIB licence. Distinguishes itself vs. stc Bank by depth of wealth-management access through the GIB private-banking heritage.
Pick Nomo if…
Sharia-compliant digital bank — Boubyan Bank Kuwait digital arm via Bank of London + The Middle East (BLME, FCA-licensed). Cross-border GCC-UK money management. UK FSCS GBP 85K + Kuwait DPS via parent. Unique dual-passport structure.
- Best for fees Nomo won 1 of 4
- Best for protection Meem won 2 of 2
- Best for reach Nomo won 1 of 3
- Best for ux Nomo won 1 of 2
Meem vs Nomo — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Meem better than Nomo?
Meem and Nomo are tied 3–3 across 12 dimensions under our v3 methodology. Composite scores: Meem 74/100 vs Nomo 52/100. The right pick depends on which dimension you weight most heavily.
Is Meem or Nomo cheaper?
Monthly fee — Meem: €0; Nomo: €0. Card FX markup — Meem: 2.00%; Nomo: 1.00%. Nomo wins more fee rows (1 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Meem or Nomo?
Meem holds a Full bank licence under SAMA; deposit guarantee per depositor: €200,000. Nomo holds a Payment inst. licence under FCA; deposit guarantee per depositor: Safeguarded. Meem is the stronger pick on regulatory protection.
Where can I use Meem and Nomo?
Meem operates in 1 country; Nomo operates in 2 countries. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.