Mexico
activeFeaturedNeobank
- HQ
- São Paulo
- Fee
- No annual fee on core card
albo
Mexican IFPE. CNBV payments licence. Not IPAB. Not a bank.
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6.5Mixed
AlternativesFive questions
At a glance
Is it a bank?
No. albo is not a bank. Your money sits with albo (IFPE) — not a banco.
If it fails?
Not IPAB. IFPE balances are a payments product, not a bank deposit. Nu México’s bank conversion is a different file.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Freemium / plus SKUs — confirm live
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
6.5
/10 · Mixed
albo is an IFPE. Write that on the card. IPAB does not follow the brand. If you need a Mexican bank deposit, wait for a banco licence or use a bank. The Mastercard is a spend rail.
What it is
albo is a Mexico City fintech authorised by CNBV as an IFPE. It is not a SOFIPO and not a bank. That three-letter class is the review.
Best for: Mexico-resident users who want a CNBV-authorised payments account and will keep IPAB money at a bank.
Last checked 2026-08-28. Not advice.
What it does well
- +Named CNBV class
- +Honest IFPE, not fake banco
- +Good consumer app
- +SPEI
What to watch
- −Not IPAB
- −Not a bank
- −Mexico-only KYC
- −Nu is converting to bank — albo is not
Who holds the money
The account
- Platforms
- iOS · Android
- Account types
- MXN payments account + card
- Minimum balance
- $0 MXN
- Lowest monthly fee
- Freemium / plus — confirm live
- Who can open
- Mexico residents
- Availability
- Mexico
How money actually moves
- Who holds the cash
- E-money / stored-value — not a bank deposit
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Fintech reviews can pause inbound while they check a transfer
- Card
- albo lists a physical card and a virtual card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Not IPAB. IFPE balances are a payments product, not a bank deposit. Nu México’s bank conversion is a different file.
Who holds the money: albo (IFPE) — not a banco
- CNBVIFPE (institución de fondos de pago electrónico) · Mexico
Fees
- Monthly
- Freemium / plus SKUs — confirm live
- FX markup
- USD sleeves if any are a tariff, not a US bank
- ATM
- Red / partner ATM schedule
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- MXN account + card
- SPEI
- App-first
- CNBV IFPE
- Physical + virtual
Score
- Safety25%
- 6.0
- Fees20%
- 7.6
- Features15%
- 7.2
- App15%
- 8.0
- Global15%
- 4.0
- Support10%
- 6.2
Change log
Full logLicence
CNBV IFPE — not IPAB, not a banco
Mexico City payments account. Nu’s bank conversion is a different file.
Available in
Straight answers
FAQ
01Is albo a bank?
albo is not a licensed deposit-taker in the classic sense. Money, if any, sits with albo (IFPE) — not a banco.
02How is money protected?
Not IPAB. IFPE balances are a payments product, not a bank deposit. Nu México’s bank conversion is a different file.
03Where is albo available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with albo.
04Card and wallets?
albo lists a physical card and a virtual card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open albo remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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