Best AEON Bank alternatives

#1 alternative

Be U

active

Bank Islam Malaysia’s digital brand. PIDM follows Bank Islam. Migrating into BIMB Mobile.

4.3

Kuala Lumpur · Bank Islam digital · Bank Islam Malaysia Berhad

6.7Mixed

Be U is Bank Islam Malaysia Berhad’s digital brand. PIDM follows Bank Islam. In 2026 the Be U app is being onboarded into BIMB Mobile and progressively phased out. That is a skin change, not a wind-down of the deposit. AEON Bank is the separate BNM Islamic digital bank on this desk.

Best for: Malaysian residents who want Bank Islam PIDM with a pink app, and will move to BIMB Mobile when told.

Licence

Digital brand of Bank Islam Malaysia Berhad — Islamic bank

Protection

PIDM on eligible deposits at Bank Islam Malaysia Berhad — Be U is the skin, Bank Islam is the member

Monthly

Islamic current / savings SKUs — confirm live

#2 alternative

Kuda

active

Nigerian digital bank for free transfers and a naira card.

4.3

Lagos · 7M+ · ~$90M raised

7.2Solid

Correct Nigerian digital bank to put on a comparison table. Confirm the current CBN class and whether USD cards are issuing before you recommend it for dollar spend.

Best for: Nigerian residents who want a mobile bank with free transfers.

Licence

Digital / commercial bank licence

Protection

NDIC on funds in the Kuda account, subject to prevailing NDIC limits (Kuda terms). Do not call it a CBN commercial-bank licence — the terms name a microfinance bank.

Monthly

Free core account

#3 alternative

ALAT

active

Nigeria’s first fully digital bank. Powered by Wema Bank. NDIC follows Wema.

3.8

Lagos · Millions on Wema rails · Wema Bank product

6.8Mixed

ALAT is Wema Bank’s digital brand, not a mysterious EMI. NDIC follows Wema. Score it as a naira current account. Kuda is the other Nigerian digital-bank search; the licence lines differ — read both.

Best for: Nigerians who want a CBN-bank deposit with an app, and will read ‘Wema’ on the statement.

Licence

Digital bank product of Wema Bank Plc

Protection

NDIC on eligible deposits at Wema Bank Plc — ALAT is the app, Wema is the bank

Monthly

Digital SKU — confirm live

#4 alternative

Wahed

active

Sharia-screened investing. Not a current account.

4.4

New York · 300k+ · Series-era

7.3Solid

Wahed is a screened robo, not a current account. Pair it with a real bank. Do not describe the cash sleeve as FSCS current-account money without reading the entity.

Best for: Muslims who want a screened portfolio without building one from a brokerage blank page.

Licence

Investment adviser / manager — confirm the local entity

Protection

Securities accounts, not a bank deposit scheme — SIPC/FSCS-class wrapping depends on entity

Monthly

AUM fee on portfolios (live rate on site)

#5 alternative

Yuh

active

Yuh is not a bank. Swissquote Bank Ltd is. esisuisse cover is CHF 100,000, shared.

Gland · Swiss all-in-one app · Swissquote (100% after July 2025)

7.6Solid

Yuh is not a bank. The English homepage says it in one paragraph: Swissquote Bank Ltd provides the banking, FINMA authorises that bank, and esisuisse cover is CHF 100,000 shared with Swissquote. July 2025 ended the PostFinance joint venture. If you already hold cash at Swissquote, do not count CHF 100,000 twice. Zak is Bank Cler. Neon sits at Hypothekarbank Lenzburg. Read those files separately.

Best for: People who live in Switzerland and want spend plus invest, and who accept Swissquote as the bank.

Licence

Fintech app — not a bank

Protection

Yuh itself is not a bank. Banking sits at Swissquote Bank Ltd, FINMA-authorised. esisuisse covers eligible deposits up to CHF 100,000. Yuh and Swissquote are one entity, so the cap is shared.

Monthly

No fees whenever possible — live list on yuh.com/en/pricing

#6 alternative

Chase UK

active

J.P. Morgan Europe Limited trading as Chase. UK bank, PRA/FCA, FSCS up to £120,000.

London · UK digital bank · JPMorgan Chase

7.6Solid

Chase UK is a bank. The legal name is J.P. Morgan Europe Limited. PRA-authorised, FCA-regulated, FSCS up to £120,000. It is a useful UK current account with honest travel spend. It is not Revolut’s multi-country stack and not a US Chase login. UK tax residents only.

Best for: UK residents who want a JPMorgan current account in an app, with FSCS, and cheap travel spend.

Licence

UK bank

Protection

FSCS up to £120,000 per depositor per bank (Chase UK FSCS page) at J.P. Morgan Europe Limited.

Monthly

£0