Best SeaBank alternatives

#1 alternative

Bank Jago

active

OJK digital bank. LPS. Gojek in the cap table is distribution, not the deposit.

4.7

Jakarta · Digital-bank scale · Listed / Gojek-era shareholders

7.0Solid

PT Bank Jago Tbk is an OJK bank, Bank Indonesia-supervised, LPS participant. Jago Syariah is the Islamic SKU, DSN-MUI and a Sharia board. Gojek is a shareholder and a channel. The deposit is Jago. Krom is the other Indonesian digital bank on this desk.

Best for: Indonesia residents who want an OJK bank with a Gojek-era app, including a Sharia SKU.

Licence

Bank — PT Bank Jago Tbk. Jago Syariah is the Sharia SKU

Protection

LPS on eligible deposits at PT Bank Jago Tbk — confirm live cap

Monthly

Free-transfer pitch — confirm live

#2 alternative

Krom Bank

active

OJK digital bank. LPS. Kredivo-group. Not a wallet.

4.8

Jakarta · Digital-bank scale · Kredivo / FinAccel

7.0Solid

PT Krom Bank Indonesia Tbk is an OJK bank, BI-supervised, LPS participant. Ex Bank Bisnis Internasional, bought into the Kredivo/FinAccel group, relaunched as Krom. Jago is the other Indonesian digital bank on this desk. BNPL is a SKU. The deposit is the bank.

Best for: Indonesia residents who want an OJK bank with a Kredivo-era app.

Licence

Bank — PT Krom Bank Indonesia Tbk (ex Bank Bisnis Internasional)

Protection

LPS on eligible deposits at PT Krom Bank Indonesia Tbk — confirm live cap

Monthly

Free-transfer quota pitch — confirm live

#3 alternative

Jenius

active

SMBC Indonesia (ex BTPN) digital brand. OJK. LPS. Not the US Jenius Bank file.

4.4

Jakarta · SMBC Indonesia digital · SMBC / BTPN

6.8Mixed

Jenius is PT Bank SMBC Indonesia Tbk’s digital brand (the BTPN name is still on old tiles). OJK, BI, LPS. $Cashtag is a product, not a licence. The US Jenius Bank file is SMBC MANUBANK’s American experiment — wound down, deposits sold to Axos in May 2026. Two countries. Two objects.

Best for: Indonesia residents who want a big-bank digital current at SMBC Indonesia, not a 2020 startup.

Licence

Digital brand of PT Bank SMBC Indonesia Tbk (ex BTPN)

Protection

LPS on eligible deposits at PT Bank SMBC Indonesia Tbk — Jenius is the skin

Monthly

Digital SKU — confirm live

#4 alternative

Rakuten Bank

active

Japanese internet bank. FSA licensed. DIC on eligible yen deposits.

Tokyo · 18.07 million accounts (31 Mar 2026, IR) · Listed TSE 5838

7.5Solid

Rakuten Bank is Japan’s scale internet bank. 18.07 million accounts and ¥12.9 trillion in deposits at 31 March 2026, per its own IR. Directories skip it because the app is in Japanese. NeoBankDB files the FSA bank, not the Rakuten points catalogue. Put salary and yen deposits here if you can onboard. Do not confuse it with Rakuten Pay, Rakuten Card, or Rakuten Securities. Money Bridge is a securities link, not a second charter.

Best for: Japan residents who already live in the Rakuten ecosystem and want a licensed yen account.

Licence

Licensed bank — Rakuten Bank, Ltd.

Protection

Deposit Insurance Corporation of Japan. Eligible yen ordinary deposits: principal ¥10 million plus interest per depositor per bank. Payment-and-settlement non-interest demand deposits are fully protected. Foreign-currency products are usually outside that box — confirm live on rakuten-bank.co.jp/info/deposit-insurance.html.

Monthly

Confirm live tariff in-app. Core yen accounts are not sold as a Western free plan.

#5 alternative

Kestrl is a habit layer. Keep a Monzo/Starling/high-street account for the actual deposit. Halal branding does not move FSCS.

Best for: UK Muslims who want a money app that speaks their constraints, with a real bank still underneath.

Licence

App + partner EMI/bank rails

Protection

If a spending account exists, it is partner-EMI or bank — not Kestrl-as-bank

Monthly

Freemium / subscription SKUs — confirm live

#6 alternative

Found

active

US banking for the self-employed: taxes, invoices, and a debit card.

4.8

San Francisco · Self-employed base · Series-era (Allianz x others)

7.3Solid

Found is the freelancer current account. Novo is generic SMB. Relay is multi-entity ops.

Best for: US freelancers who hate QuickBooks more than they hate banks.

Licence

Fintech with partner banks

Protection

FDIC via Piermont Bank and partners

Monthly

Free core