Memo Bank vs Tonik.
Memo Bank (M72/100) and Tonik (T53/100), 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 Tonik 4-3.
| M Memo Bank №31 · ACPR 72 /100 | T Tonik №61 · BSP 53 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 72 /100 | 53 /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 | Payment inst. BSP |
| Deposit guarantee Per depositor | €100,000 EU.DGS.FR | Safeguarded PH.PDIC |
| 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 | 4.5 ★ iOS 4.6 · And 4.5 |
| 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 Tonik if…
First holder of one of the 6 BSP digital-bank licences. Headline 6.0% APY on Stash savings is among the highest in PH retail banking — the structural inflation hedge for PHP holders. PDIC-insured, BSP-supervised — fully chartered, not partner-bank.
- Best for fees Tonik won 2 of 4
- Best for protection Memo Bank won 2 of 2
- Best for reach Tied
- Best for ux Tied
Memo Bank vs Tonik — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Memo Bank better than Tonik?
Under our v3 methodology, Memo Bank leads Tonik 4–3 across 12 dimensions. Composite scores: Memo Bank 72/100 vs Tonik 53/100. 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 Tonik cheaper?
Monthly fee — Memo Bank: €449; Tonik: €0. Card FX markup — Memo Bank: 0.50%; Tonik: Interbank. Tonik 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 Tonik?
Memo Bank holds a Full bank licence under ACPR; deposit guarantee per depositor: €100,000. Tonik holds a Payment inst. licence under BSP; deposit guarantee per depositor: Safeguarded. Memo Bank is the stronger pick on regulatory protection.
Where can I use Memo Bank and Tonik?
Memo Bank operates in 1 country; Tonik 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.