Nequi vs Ualá.
Nequi (N75/100) and Ualá (U49/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Ualá leads Nequi 5-4.
| N Nequi №19 · Full Colombian banking licence via Bancolombia parent 75 /100 | U Ualá №66 · BCRA 49 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 75 /100 | 49 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | 3.00% | 4.00% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank | Payment inst. BCRA |
| Deposit guarantee Per depositor | €50,000,000 CO.FOGAFIN | Safeguarded AR.SEDESA |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 3 countries |
| Crypto Coins available | No | 6 coins |
| Stocks & ETFs Self-directed | No | Yes |
| UX | ||
| Trustpilot Customer score | — | 2.4 ★ 5k 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 Nequi if…
Bancolombia's digital banking arm — Colombia's largest neobank by user count (~17M). Operates under the Bancolombia full-bank licence; FOGAFIN cover applies. Mass-market reach + Bancolombia ATM network. The default Colombian neobank for COP-resident readers.
Pick Ualá if…
The default Argentine fintech card (~9M users in AR). Wilobank acquisition (2022) gave Ualá a full Argentine banking licence — converts the wallet to a chartered bank for AR depositors. Mexican + Colombian expansions via local subsidiaries. Argentine inflation-hedge yield (Rendimientos) is a near-mandatory product for ARS holders.
- Best for fees Nequi won 1 of 4
- Best for protection Nequi won 2 of 2
- Best for reach Ualá won 3 of 3
- Best for ux Ualá won 2 of 2
Nequi vs Ualá — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Nequi better than Ualá?
Under our v3 methodology, Ualá leads Nequi 5–4 across 12 dimensions. Composite scores: Nequi 75/100 vs Ualá 49/100. Ualá is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Nequi or Ualá cheaper?
Monthly fee — Nequi: €0; Ualá: €0. Card FX markup — Nequi: 3.00%; Ualá: 4.00%. Nequi 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, Nequi or Ualá?
Nequi holds a Full bank licence under Full Colombian banking licence via Bancolombia parent (Superintendencia Financiera de Colombia regulated); FOGAFIN member, COP 50,000,000 cover per depositor. // TODO(verify).; deposit guarantee per depositor: €50,000,000. Ualá holds a Payment inst. licence under BCRA; deposit guarantee per depositor: Safeguarded. Nequi is the stronger pick on regulatory protection.
Where can I use Nequi and Ualá?
Nequi operates in 1 country; Ualá operates in 3 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.