Meem vs Tonik.
Meem (M74/100) 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. Meem leads Tonik 4-2.
| M Meem №24 · SAMA 74 /100 | T Tonik №62 · BSP 53 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 74 /100 | 53 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | 2.00% | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank SAMA | Payment inst. BSP |
| Deposit guarantee Per depositor | €200,000 SA.SAMA-DPS | Safeguarded PH.PDIC |
| 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 | 4.1 ★ iOS 4.2 · And 4.0 | 4.5 ★ iOS 4.6 · And 4.5 |
| Read review → | Read review → | |
Pick Meem if…
Digital banking arm of Gulf International Bank — one of the first KSA digital-only banking offerings (launched 2014). Sharia-compliant by structure (profit-share rather than interest). SA Deposit Protection cover via the GIB licence. Distinguishes itself vs. stc Bank by depth of wealth-management access through the GIB private-banking heritage.
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.
- Best for fees Tonik won 1 of 4
- Best for protection Meem won 2 of 2
- Best for reach Meem won 1 of 3
- Best for ux Tonik won 1 of 2
Meem vs Tonik — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Meem better than Tonik?
Under our v3 methodology, Meem leads Tonik 4–2 across 12 dimensions. Composite scores: Meem 74/100 vs Tonik 53/100. Meem is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Meem or Tonik cheaper?
Monthly fee — Meem: €0; Tonik: €0. Card FX markup — Meem: 2.00%; Tonik: Interbank. Tonik 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, Meem or Tonik?
Meem holds a Full bank licence under SAMA; deposit guarantee per depositor: €200,000. Tonik holds a Payment inst. licence under BSP; deposit guarantee per depositor: Safeguarded. Meem is the stronger pick on regulatory protection.
Where can I use Meem and Tonik?
Meem operates in 1 country; Tonik 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.