Mexico
activeWallet / e-money
- HQ
- Mexico City
- Fee
- Freemium / plus SKUs — confirm live
Klar
Mexican SOFIPO. CNBV. Fondo de Protección up to 25,000 UDIS. Not IPAB. Not a banco.
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6.4Mixed
AlternativesFive questions
At a glance
Is it a bank?
No. Klar is not a bank. Your money sits with Servicios Financieros Alternativos, S.A., S.F.P..
If it fails?
SOFIPO Fondo de Protección up to 25,000 UDIS per person — not IPAB. IPAB is for banks. Klar is not a bank.
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 / credit SKUs — confirm live
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
6.4
/10 · Mixed
Klar is a CNBV SOFIPO (Servicios Financieros Alternativos / Turbofin stack). Eligible view and savings balances sit under the SOFIPO Fondo de Protección up to 25,000 UDIS per person. That is not IPAB. albo is an IFPE. Nu México is a bank conversion. Three different Mexican objects. Keep a banco salary pot. Use Klar if the credit-and-app loop wins.
What it is
Mexico City, 2019. Directories say neobank. The Ley de Ahorro y Crédito Popular is the file. Auxi-class SOFIPO failures are why this desk writes the UDIS number in full.
Best for: Mexico residents who understand a SOFIPO is not a bank and already keep a banco salary account.
Last checked 2026-08-30. Not advice.
What it does well
- +Named CNBV SOFIPO
- +Fondo de Protección exists
- +Honest on the Klar blog that it is not a banco
- +Strong local app ratings
What to watch
- −Not IPAB
- −25,000 UDIS is not a bank cap
- −SOFIPO sector has had revocations
- −Credit is not the deposit
Who holds the money
The account
How money actually moves
- Who holds the cash
- Issued / held via Servicios Financieros Alternativos, S.A., S.F.P.
- 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
- Klar 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
SOFIPO Fondo de Protección up to 25,000 UDIS per person — not IPAB. IPAB is for banks. Klar is not a bank.
Who holds the money: Servicios Financieros Alternativos, S.A., S.F.P.
- CNBVSOFIPO — Servicios Financieros Alternativos, S.A., S.F.P. (Klar). Not a banco múltiple · Mexico
Fees
- Monthly
- Freemium / credit SKUs — confirm live
- FX markup
- Not a travel bank
- ATM
- Network schedule
- Interest
- Cuenta a la vista / ahorro — rates move
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- MXN SOFIPO account
- Credit card adjacency
- 25,000 UDIS protection
- CNBV
- Not IPAB
Score
- Safety25%
- 6.0
- Fees20%
- 7.4
- Features15%
- 7.6
- App15%
- 8.0
- Global15%
- 3.0
- Support10%
- 6.2
Change log
Full logLicence
CNBV SOFIPO — not IPAB
Fondo de Protección 25,000 UDIS. Not a banco múltiple.
Available in
Straight answers
FAQ
01Is Klar a bank?
Klar is not a licensed deposit-taker in the classic sense. Money, if any, sits with Servicios Financieros Alternativos, S.A., S.F.P..
02How is money protected?
SOFIPO Fondo de Protección up to 25,000 UDIS per person — not IPAB. IPAB is for banks. Klar is not a bank.
03Where is Klar available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with Klar.
04Card and wallets?
Klar 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 Klar 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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