ALAT by Wema vs Bank Jago.
ALAT by Wema (A75/100) and Bank Jago (B75/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Bank Jago leads ALAT by Wema 3-1.
| A ALAT by Wema №19 · CBN 75 /100 | B Bank Jago №22 · Full Indonesian banking licence 75 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 75 /100 | 75 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | 3.00% | 2.00% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank CBN | Full bank |
| Deposit guarantee Per depositor | €5,000,000 NG.NDIC | €2,000,000,000 ID.LPS |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | Yes | No |
| UX | ||
| Trustpilot Customer score | — | — |
| App store iOS + Android avg | 4.5 ★ iOS 4.4 · And 4.5 | 4.5 ★ iOS 4.6 · And 4.5 |
| Read review → | Read review → | |
Pick ALAT by Wema if…
Nigeria's first fully-digital bank — launched 2017 as a digital arm of Wema Bank (NGX-listed, CBN-licensed since 1945). Operates under the parent's full-bank licence (so NDIC ₦5M cover applies, vs. the ₦2M microfinance ceiling that Kuda + OPay sit under). Strongest domestic savings rate ladder in NG (up to 12% on goal-locked tenures).
Pick Bank Jago if…
Largest Indonesian neobank by users — ~9M Indonesians. OJK-regulated full bank, IDX-listed (ARTO). GoTo (Gojek + Tokopedia) major shareholder. Multi-pocket structure ('Jago Pockets'). Sharia-compliant Jago Syariah variant.
- Best for fees Bank Jago won 1 of 4
- Best for protection Bank Jago won 1 of 2
- Best for reach ALAT by Wema won 1 of 3
- Best for ux Bank Jago won 1 of 2
ALAT by Wema vs Bank Jago — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is ALAT by Wema better than Bank Jago?
Under our v3 methodology, Bank Jago leads ALAT by Wema 3–1 across 12 dimensions. Composite scores: ALAT by Wema 75/100 vs Bank Jago 75/100. Bank Jago is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is ALAT by Wema or Bank Jago cheaper?
Monthly fee — ALAT by Wema: €0; Bank Jago: €0. Card FX markup — ALAT by Wema: 3.00%; Bank Jago: 2.00%. Bank Jago 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, ALAT by Wema or Bank Jago?
ALAT by Wema holds a Full bank licence under CBN; deposit guarantee per depositor: €5,000,000. Bank Jago holds a Full bank licence under Full Indonesian banking licence (OJK regulated); LPS member, IDR 2,000,000,000 cover per depositor per institution. IDX-listed (ARTO). // TODO(verify).; deposit guarantee per depositor: €2,000,000,000. Bank Jago is the stronger pick on regulatory protection.
Where can I use ALAT by Wema and Bank Jago?
ALAT by Wema operates in 1 country; Bank Jago 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.