ALAT by Wema vs Tiger BBP.
ALAT by Wema (A75/100) and Tiger BBP (T45/100), 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 Tiger BBP 5-2.
| A ALAT by Wema №19 · CBN 75 /100 | T Tiger BBP №84 · MAS 45 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 75 /100 | 45 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €60 /mo |
| FX markup Debit card abroad | 3.00% | 0.50% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank CBN | Payment inst. MAS |
| Deposit guarantee Per depositor | €5,000,000 NG.NDIC | Safeguarded SG.SDIC |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 2 countries |
| 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 | — |
| 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 Tiger BBP if…
APAC SMB platform from UP Fintech (NASDAQ: TIGR / Tiger Brokers parent). Broker-dealer-backed treasury yield via UP Fintech's brokerage infrastructure is the structural moat versus Aspire (no native yield) and Airwallex (optional Yield in select markets). Cross-Asia payment corridors plus public-company parent transparency (NASDAQ filings). Structurally distinct from APAC payment-institution alternatives.
- Best for fees Tied
- Best for protection ALAT by Wema won 2 of 2
- Best for reach Tiger BBP won 1 of 3
- Best for ux ALAT by Wema won 1 of 2
ALAT by Wema vs Tiger BBP — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is ALAT by Wema better than Tiger BBP?
Under our v3 methodology, ALAT by Wema leads Tiger BBP 5–2 across 12 dimensions. Composite scores: ALAT by Wema 75/100 vs Tiger BBP 45/100. 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 Tiger BBP cheaper?
Monthly fee — ALAT by Wema: €0; Tiger BBP: €60. Card FX markup — ALAT by Wema: 3.00%; Tiger BBP: 0.50%. 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 Tiger BBP?
ALAT by Wema holds a Full bank licence under CBN; deposit guarantee per depositor: €5,000,000. Tiger BBP holds a Payment inst. licence under MAS; deposit guarantee per depositor: Safeguarded. ALAT by Wema is the stronger pick on regulatory protection.
Where can I use ALAT by Wema and Tiger BBP?
ALAT by Wema operates in 1 country; Tiger BBP operates in 2 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.