Nequi vs Mashreq Neo.
Nequi (N75/100) and Mashreq Neo (M52/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Nequi leads Mashreq Neo 4-2.
| M Mashreq Neo №66 · CBUAE 52 /100 | N Nequi №20 · Full Colombian banking licence via Bancolombia parent 75 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 53 /100 | 75 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | Interbank | 3.00% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Payment inst. CBUAE | Full bank |
| Deposit guarantee Per depositor | Safeguarded AE.DPS | €50,000,000 CO.FOGAFIN |
| 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 | 4.2 ★ iOS 4.3 · And 4.1 | 4.5 ★ iOS 4.5 · And 4.4 |
| Read review → | Read review → | |
Pick Mashreq Neo if…
Digital arm of Mashreq Bank — one of UAE's oldest private banks. Multi-currency (AED + USD + GBP + EUR) is the structural differentiator vs. AED-only competitors like Liv. AE DPS cover via parent. Mashreq Neo Wealth adds investment access in the same app.
Pick Nequi if…
Bancolombia's digital banking arm — Colombia's largest neobank by user count (~17M). Operates under the Bancolombia full-bank licence; FOGAFIN cover applies. Mass-market reach + Bancolombia ATM network. The default Colombian neobank for COP-resident readers.
- Best for fees Mashreq Neo won 1 of 4
- Best for protection Nequi won 2 of 2
- Best for reach Mashreq Neo won 1 of 3
- Best for ux Nequi won 1 of 2
Nequi vs Mashreq Neo — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Mashreq Neo better than Nequi?
Under our v3 methodology, Nequi leads Mashreq Neo 4–2 across 12 dimensions. Composite scores: Mashreq Neo 52/100 vs Nequi 75/100. Nequi is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Mashreq Neo or Nequi cheaper?
Monthly fee — Mashreq Neo: €0; Nequi: €0. Card FX markup — Mashreq Neo: Interbank; Nequi: 3.00%. Mashreq Neo 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, Mashreq Neo or Nequi?
Mashreq Neo holds a Payment inst. licence under CBUAE; deposit guarantee per depositor: Safeguarded. Nequi holds a Full bank licence under Full Colombian banking licence via Bancolombia parent (Superintendencia Financiera de Colombia regulated); FOGAFIN member, COP 50,000,000 cover per depositor. // TODO(verify).; deposit guarantee per depositor: €50,000,000. Nequi is the stronger pick on regulatory protection.
Where can I use Mashreq Neo and Nequi?
Mashreq Neo operates in 1 country; Nequi 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.