Best ONE ZERO alternatives

#1 alternative

Pepper

active

Bank Leumi’s digital account. Not a separate bank licence. Israel residents, age 16.

Tel Aviv · Leumi digital current account · Bank Leumi le-Israel Ltd

7.4Solid

PEPPER’s own Hebrew homepage says it in one line: a digital bank account of Leumi, the digital banking platform of the Bank Leumi Group. It does not have an independent banking licence. That is the review. ONE ZERO is the independent digital bank. Pepper is the incumbent skin that actually works. Israel residents only. Age 16. Opening is free and in-app: ID card, selfie, a few minutes. Basic current-account operations are free on their copy; special operations and the investment sleeve have a published tariff (including ₪4 / $4 trading lines). Eligible deposits sit at Bank Leumi le-Israel Ltd. Do not call Pepper a new bank.

Best for: Israeli residents who want a zero-basic-fee Leumi current account without a branch.

Licence

Digital bank account of Bank Leumi le-Israel Ltd — not a separate charter

Protection

PEPPER is a digital bank account of Bank Leumi (official Hebrew copy). Eligible deposits sit at Bank Leumi le-Israel Ltd, a licensed Israeli bank. Not a standalone deposit-taker. This file does not invent a shekel cap Pepper’s homepage did not print.

Monthly

Zero basic current-account commissions on Pepper’s own page; special operations extra

#2 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

#3 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

#4 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

#5 alternative

Zak

active

Zak is Bank Cler’s digital account. Swiss IBAN, FINMA bank, esisuisse up to CHF 100,000.

Basel · Bank Cler digital · Basler Kantonalbank

7.5Solid

Zak is not a neobank startup. It is Bank Cler’s app. Bank Cler AG is a FINMA bank in Basel, owned by Basler Kantonalbank. You get a Swiss IBAN and esisuisse cover up to CHF 100,000. File it next to Yuh and Neon, but remember the difference: Yuh is Swissquote. Zak is Bank Cler. Neon is still Neon.

Best for: People who live in Switzerland and want a real CHF IBAN without a fintech wrapper.

Licence

Swiss bank (Bank Cler AG)

Protection

esisuisse up to CHF 100,000 per client at Bank Cler AG.

Monthly

CHF 0 on Zak. Zak Plus is CHF 8/month.