Bankily review

Bankily lists a monthly fee of MRU 0 for the account, so holding it carries no recurring charge. That matches the listings at Wise and Monzo Flex, which show £0 and £0 respectively, though both are priced in sterling rather than the local currency here.

Bankily issues a prepaid card on the mastercard network, so money comes off a loaded balance rather than straight from a current account. Prepaid is the smaller group in this comparison, at 19.3% of the cards compared with 74.7% for debit cards.

Multi-currency is what Bankily lists for the account, at multi currency. Balances can sit in several currencies at the same time, which suits readers who earn in the local currency and spend in another, or who hold a little in a currency they expect to need later.

Support runs on email and phone, so you reach the bank by phone or by email. There is no live chat channel listed, which matters if you would rather type with an agent while a payment or transfer is in progress. Have your account reference ready when you call.

Bankily is the digital banking platform of Banque Populaire de Mauritanie, based in Mauritania and trading since 1998. The parent bank name is the detail to weigh for a new account, since the app extends an existing bank rather than standing alone as a wallet or an exchange.

Monzo Flex and Wise list monthly fees of £0 and £0, while Bitpanda lists €0. None of the three shows a monthly charge in these listings, so the comparison turns on which market and currency your spending sits in, and on what the card does with a loaded balance.

The card Bankily lists is prepaid, and prepaid is a minority choice in this comparison, at 19.3% of the cards against 74.7% for debit. If you want spending to come straight from a bank balance, raise that with the bank before you apply.

Bankily suits customers in MR who want a multi-currency account and a mastercard card with a monthly fee of MRU 0. It is aimed at everyday spending in the local market, so readers whose cards are used mostly abroad would find the pricing and the balance less useful.