Wise vs Kuda.
Wise (W68/100) and Kuda (K60/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Wise leads Kuda 5-1.
| K Kuda №50 · FCA 60 /100 | W Wise №42 · FCA 68 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 60 /100 | 68 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 /mo |
| FX markup Debit card abroad | 5.00% | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | €200 /mo |
| Protection | ||
| Banking licence Tier | E-money inst. FCA | E-money inst. FCA |
| Deposit guarantee Per depositor | Safeguarded NG.NDIC | Safeguarded GB.FSCS |
| Reach | ||
| Markets served Licensed jurisdictions | 2 countries | 160 countries |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | Yes | Yes |
| UX | ||
| Trustpilot Customer score | 4.0 ★ 1k reviews | 4.3 ★ 220k reviews |
| App store iOS + Android avg | 4.7 ★ iOS 4.7 · And 4.6 | 4.5 ★ iOS 4.7 · And 4.2 |
| Read review → | Read review → | |
Pick Kuda if…
Largest Nigerian neobank by user count (~7M+). CBN microfinance bank charter — NDIC-insured but with the smaller microfinance-class ceiling. UK presence as Kuda Technologies adds GBP exposure for Nigerian diaspora customers. Free transfer limit (25/mo) is generous for the Nigerian market.
Pick Wise if…
Pick if FX and multi-currency receiving accounts dominate your usage — not for stocks or crypto.
- Best for fees Wise won 2 of 4
- Best for protection Tied
- Best for reach Wise won 1 of 3
- Best for ux Tied
Wise vs Kuda — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Kuda better than Wise?
Under our v3 methodology, Wise leads Kuda 5–1 across 12 dimensions. Composite scores: Kuda 60/100 vs Wise 68/100. Wise is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Kuda or Wise cheaper?
Monthly fee — Kuda: €0; Wise: €0. Card FX markup — Kuda: 5.00%; Wise: Interbank. Wise wins more fee rows (2 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Kuda or Wise?
Kuda holds a E-money inst. licence under FCA; deposit guarantee per depositor: Safeguarded. Wise holds a E-money inst. licence under FCA; deposit guarantee per depositor: Safeguarded. Both score equally on regulatory protection rows.
Where can I use Kuda and Wise?
Kuda operates in 2 countries; Wise operates in 160 countries. 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.