Memo Bank vs Now Money.
Memo Bank (M72/100) and Now Money (N60/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Memo Bank leads Now Money 5-2.
| M Memo Bank №31 · ACPR 72 /100 | N Now Money №52 · CBUAE 60 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 72 /100 | 60 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €449 /mo | €0 Free tier |
| FX markup Debit card abroad | 0.50% | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank ACPR | E-money inst. CBUAE |
| Deposit guarantee Per depositor | €100,000 EU.DGS.FR | Safeguarded AE.DPS |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | No |
| UX | ||
| Trustpilot Customer score | 4.6 ★ 0k reviews | — |
| App store iOS + Android avg | 4.5 ★ iOS 4.5 · And 4.4 | 4.0 ★ iOS 4.0 · And 3.9 |
| Read review → | Read review → | |
Pick Memo Bank if…
The French mid-market SME bank that fills the structural gap between Qonto (freelancer-and-SME-led, ACPR credit institution) and chartered legacy banks (BNP Paribas Business, Société Générale Business). Full ACPR credit-institution licence with DGS protection. Mid-market SME tier (€1M-100M revenue) is the target audience; API-first treasury + Pennylane integration is the SMB-tech moat.
Pick Now Money if…
Migrant-worker-focused EMI in the UAE. Built-in remittance to South Asia at competitive FX. CBUAE-supervised EMI; not a bank — funds are safeguarded, not deposit-insured. Fills the underbanked segment that Liv/Wio/Mashreq Neo don't directly serve.
- Best for fees Now Money won 2 of 4
- Best for protection Memo Bank won 2 of 2
- Best for reach Tied
- Best for ux Memo Bank won 2 of 2
Memo Bank vs Now Money — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Memo Bank better than Now Money?
Under our v3 methodology, Memo Bank leads Now Money 5–2 across 12 dimensions. Composite scores: Memo Bank 72/100 vs Now Money 60/100. Memo Bank is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Memo Bank or Now Money cheaper?
Monthly fee — Memo Bank: €449; Now Money: €0. Card FX markup — Memo Bank: 0.50%; Now Money: Interbank. Now Money wins more fee rows (2 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Memo Bank or Now Money?
Memo Bank holds a Full bank licence under ACPR; deposit guarantee per depositor: €100,000. Now Money holds a E-money inst. licence under CBUAE; deposit guarantee per depositor: Safeguarded. Memo Bank is the stronger pick on regulatory protection.
Where can I use Memo Bank and Now Money?
Memo Bank operates in 1 country; Now Money operates in 1 country. 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.