Bank Jago vs Discovery Bank.
Bank Jago (B75/100) and Discovery Bank (D45/100), 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 Discovery Bank 5-2.
| B Bank Jago №22 · Full Indonesian banking licence 75 /100 | D Discovery Bank №82 · SARB 45 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 75 /100 | 45 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €95 /mo |
| FX markup Debit card abroad | 2.00% | 1.50% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank | Payment inst. SARB |
| Deposit guarantee Per depositor | €2,000,000,000 ID.LPS | Safeguarded ZA.CODI |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | Yes |
| UX | ||
| Trustpilot Customer score | — | — |
| App store iOS + Android avg | 4.5 ★ iOS 4.6 · And 4.5 | 4.5 ★ iOS 4.6 · And 4.4 |
| Read review → | Read review → | |
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.
Pick Discovery Bank if…
Premium ZA digital-first bank backed by JSE-listed Discovery Group. SARB full-bank licence since 2019. Vitality Money behavioural-banking model — your rates and rewards rise with healthy financial behaviour, integrated with Discovery Health/Life. CODI cover. The only ZA digital bank with a serious premium-tier offering (Black tier with metal card, lounges, Vitality Travel).
- Best for fees Tied
- Best for protection Bank Jago won 2 of 2
- Best for reach Discovery Bank won 1 of 3
- Best for ux Bank Jago won 1 of 2
Bank Jago vs Discovery Bank — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Bank Jago better than Discovery Bank?
Under our v3 methodology, Bank Jago leads Discovery Bank 5–2 across 12 dimensions. Composite scores: Bank Jago 75/100 vs Discovery Bank 45/100. Bank Jago is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Bank Jago or Discovery Bank cheaper?
Monthly fee — Bank Jago: €0; Discovery Bank: €95. Card FX markup — Bank Jago: 2.00%; Discovery Bank: 1.50%. Tied across fee rows. See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Bank Jago or Discovery Bank?
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. Discovery Bank holds a Payment inst. licence under SARB; deposit guarantee per depositor: Safeguarded. Bank Jago is the stronger pick on regulatory protection.
Where can I use Bank Jago and Discovery Bank?
Bank Jago operates in 1 country; Discovery 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.