Up Bank vs Tonik.
Up Bank (U55/100) 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. Up Bank leads Tonik 3-0.
| T Tonik №62 · BSP 53 /100 | U Up Bank №60 · PRA 55 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 53 /100 | 55 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | Interbank | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Payment inst. BSP | Payment inst. PRA |
| Deposit guarantee Per depositor | Safeguarded PH.PDIC | Safeguarded AU.FCS |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | No |
| UX | ||
| Trustpilot Customer score | — | 4.0 ★ 2k reviews |
| App store iOS + Android avg | 4.5 ★ iOS 4.6 · And 4.5 | 4.8 ★ iOS 4.8 · And 4.7 |
| Read review → | Read review → | |
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.
Pick Up Bank if…
Australian neobank built on top of Bendigo and Adelaide Bank's APRA-regulated charter — direct FCS AUD 250,000 cover via the parent. Strongest Australian neobank UX for under-35 consumers; budgeting and pay-day forecasting are best-in-class. No FX markup makes it travel-friendly.
- Best for fees Tied
- Best for protection Tied
- Best for reach Tied
- Best for ux Up Bank won 2 of 2
Up Bank vs Tonik — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Tonik better than Up Bank?
Under our v3 methodology, Up Bank leads Tonik 3–0 across 12 dimensions. Composite scores: Tonik 53/100 vs Up Bank 55/100. Up Bank is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Tonik or Up Bank cheaper?
Monthly fee — Tonik: €0; Up Bank: €0. Card FX markup — Tonik: Interbank; Up Bank: Interbank. Tied across fee rows. See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Tonik or Up Bank?
Tonik holds a Payment inst. licence under BSP; deposit guarantee per depositor: Safeguarded. Up Bank holds a Payment inst. licence under PRA; deposit guarantee per depositor: Safeguarded. Both score equally on regulatory protection rows.
Where can I use Tonik and Up Bank?
Tonik operates in 1 country; Up Bank 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.