Best D360 Bank alternatives

#1 alternative

STC Bank

active

Ex-stc pay. SAMA digital bank. Same company numbers, new licence class.

Riyadh · stc pay base converting to bank · Saudi Telecom Company subsidiary

6.9Mixed

STC Bank’s own notice is the file: formerly Saudi Digital Payments Company, owner of stc pay, now licensed by SAMA to carry out digital banking. Same corporate registration numbers. SAMA no-objection to commence banking operations effective 28 January 2025. Directories that still say ‘stc pay e-wallet’ are describing the previous class. Barq remains an e-wallet. D360 is a digital bank built as a bank. STC Bank is a wallet that became a bank. During conversion, read which product you actually hold. Eligible deposits follow SAMA bank rules only on the bank product.

Best for: Existing stc pay users in Saudi Arabia whose balance is moving onto a SAMA digital bank.

Licence

Licensed digital bank (formerly Saudi Digital Payments Company / stc pay)

Protection

SAMA-licensed digital bank after the transformation from Saudi Digital Payments Company. Eligible bank deposits follow the kingdom’s bank scheme. The old e-wallet recovery story is not this file — read which product you still hold.

Monthly

Confirm live in the STC Bank app

#2 alternative

meem

active

Gulf International Bank digital brand. SAMA. Sharia-screened. Not a separate digital-bank licence.

4.4

Dhahran / Riyadh · GIB digital · Gulf International Bank

6.8Mixed

meem is Gulf International Bank’s digital brand in Saudi Arabia. SAMA. Sharia-compliant current and cards. Barq is a SAMA e-wallet. STC Pay is payments. This is a bank skin. Deposit protection, if it applies, follows GIB — confirm the live scheme sentence. Directories dump it next to a 2020 neobank. GIB is older than that.

Best for: Saudi residents who want GIB in an app and a Sharia-screened current, not STC Pay.

Licence

Digital brand of Gulf International Bank — Saudi Arabia. Not a separate SAMA digital-bank licence

Protection

SAMA bank-deposit protection follows Gulf International Bank as a licensed bank. meem is a brand — shared with other GIB deposits. Confirm the live scheme copy.

Monthly

Digital SKU — confirm live

#3 alternative

Barq

active

Riyadh SAMA e-wallet. Barraq Finance Company. Explicitly not a bank account.

Riyadh · 1M in 21 days at launch (claimed) · Private / SAMA e-wallet era

6.7Mixed

Barq is Barraq Finance Company, a SAMA e-wallet. Decision 26/M SM/1445. The privacy policy names a closed joint-stock company in Riyadh, not a bank. One million users in 21 days is a launch stat, not a balance-sheet. Keep salary at a SAMA bank. Use Barq as a wallet.

Best for: Saudi residents who want a licensed wallet and already keep salary at a SAMA bank.

Licence

E-wallet — Barraq Finance Company (Decision 26/M SM/1445). Not a bank

Protection

Not a SAMA bank deposit. SAMA e-wallet rules apply. Barq’s own copy says this is not a bank account.

Monthly

Wallet SKU — confirm live

#4 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

#5 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

#6 alternative

Neo Financial

active

Calgary fintech. Not an OSFI bank. Eligible cash sits in trust at CDIC-member institutions.

Calgary · Canadian fintech · Private

6.8Mixed

Neo Financial is not a bank. Neo Financial Technologies Inc. is a Calgary fintech, a FINTRAC money-services business and a payments-Canada PSP. CDIC cover, when it applies, follows the member institution that holds the funds in trust — Peoples Bank of Canada is named on the HISA. File it as a Canadian app with a partner-bank deposit, not as EQ Bank.

Best for: Canadian residents who want the Neo app and will read which CDIC member holds the cash.

Licence

MSB and payment service provider

Protection

Neo is not a CDIC member. Eligible funds held in trust at CDIC-member institutions can be covered up to CAD $100,000 per beneficiary per member institution.

Monthly

$0 monthly on chequing, on the September 2026 agreement