ALAT by Wema vs Banco PAN.
ALAT by Wema (A75/100) and Banco PAN (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. ALAT by Wema leads Banco PAN 1-0.
| A ALAT by Wema №19 · CBN 75 /100 | B Banco PAN №21 · BACEN 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% | 3.00% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank CBN | Full bank BACEN |
| Deposit guarantee Per depositor | €5,000,000 NG.NDIC | €250,000 BR.FGC |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | Yes | Yes |
| UX | ||
| Trustpilot Customer score | — | — |
| App store iOS + Android avg | 4.5 ★ iOS 4.4 · And 4.5 | 4.5 ★ iOS 4.5 · And 4.4 |
| 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 Banco PAN if…
Brazilian full bank, BACEN-licensed since 1969 (digital pivot 2018). BTG Pactual majority owner since 2021. B3-listed. ~28M customers. FGC cover. Adds full-bank diversity to Nubank/Inter/C6 in BR; differentiates by payroll-deductible lending heritage.
- Best for fees Tied
- Best for protection ALAT by Wema won 1 of 2
- Best for reach Tied
- Best for ux Tied
ALAT by Wema vs Banco PAN — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is ALAT by Wema better than Banco PAN?
Under our v3 methodology, ALAT by Wema leads Banco PAN 1–0 across 12 dimensions. Composite scores: ALAT by Wema 75/100 vs Banco PAN 75/100. ALAT by Wema 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 Banco PAN cheaper?
Monthly fee — ALAT by Wema: €0; Banco PAN: €0. Card FX markup — ALAT by Wema: 3.00%; Banco PAN: 3.00%. Tied across fee rows. See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, ALAT by Wema or Banco PAN?
ALAT by Wema holds a Full bank licence under CBN; deposit guarantee per depositor: €5,000,000. Banco PAN holds a Full bank licence under BACEN; deposit guarantee per depositor: €250,000. ALAT by Wema is the stronger pick on regulatory protection.
Where can I use ALAT by Wema and Banco PAN?
ALAT by Wema operates in 1 country; Banco PAN 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.