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 eligible deposits at the licensed 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 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

Kestrl is a habit layer. Keep a Monzo/Starling/high-street account for the actual deposit. Halal branding does not move FSCS.

Best for: UK Muslims who want a money app that speaks their constraints, with a real bank still underneath.

Licence

App + partner EMI/bank rails

Protection

If a spending account exists, it is partner-EMI or bank — not Kestrl-as-bank

Monthly

Freemium / subscription SKUs — confirm live

#6 alternative

Found

active

US banking for the self-employed: taxes, invoices, and a debit card.

4.8

San Francisco · Self-employed base · Series-era (Allianz x others)

7.3Solid

Found is the freelancer current account. Novo is generic SMB. Relay is multi-entity ops.

Best for: US freelancers who hate QuickBooks more than they hate banks.

Licence

Fintech with partner banks

Protection

FDIC via Piermont Bank and partners

Monthly

Free core