Best iti alternatives

#1 alternative

Inter

active

Banco Inter S.A. Brazilian bank. BCB. FGC. Super-app, not a wallet.

4.9

Belo Horizonte · Tens of millions · Listed

7.3Solid

Banco Inter S.A. is a Brazilian bank. BCB. FGC up to R$250,000 on eligible deposits. Belo Horizonte. The orange app is a bank, a shop and a broker. Score the deposit as FGC. Score the shop as a shop. Nubank is the other giant on this desk. Inter is not a wallet.

Best for: Brazil residents who want a listed BCB bank with a super-app, not only Nubank.

Licence

Multiple bank — Banco Inter S.A.

Protection

FGC up to R$250,000 per CPF per institution on eligible deposits

Monthly

Free current-account pitch — confirm live

#2 alternative

Nubank

active

Latin America’s default digital bank, listed in New York.

4.7

São Paulo · 100M+ · Public (NU)

8.1Strong

If you live in Brazil, Nu is the control account every comparison starts from. If you do not, skip it.

Best for: Residents of Brazil (and Nu’s other LATAM markets) who want the default digital bank.

Licence

Financial institution / credit card issuer

Protection

FGC on qualifying Brazilian deposit products at the local Nu deposit-taking entity — product-dependent. The card is not the deposit.

Monthly

No annual fee on core card

#3 alternative

Agibank

active

Brazilian bank for people the branches ignored. FGC, not a wallet.

Porto Alegre · 6M+ · Listed (Agi Inc. / NYSE path 2026)

6.8Mixed

Agibank is a Banco Central bank with FGC. Put it next to Nubank as a different object: hubs and payroll credit versus a purple card. Do not list it as a fintech wallet.

Best for: Brazilians who want a bank that still has a human desk, with FGC on the deposit.

Licence

Bank (Banco Agibank)

Protection

FGC up to R$250,000 per CPF per member institution on eligible deposits

Monthly

Pack-dependent

#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