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Memo Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Memo Bank is a French easy-access savings account for anyone who wants a parked balance that stays reachable. It pays 1.75% at a variable rate with a minimum deposit of €0, so the trade-off is liquidity rather than a high return.

Key facts

Best for
A savings pot you may need to reach at short notice, at no entry cost.
Headline rate
1.75%↗
Rate type
Variable↗
Minimum deposit
€0↗
Deposit protection
EU DGS up to EUR 100,000↗
Access terms
100% liquid savings account: funds can be added or withdrawn instantly and autonomously at any time↗
Account kind
Easy access↗
Legal entity
Memo Bank SA↗
Headquarters
France↗
Founded
2017↗
Support channels
Email, Phone, Help-centre↗
Official website
memo.bank

Facts checked September 26, 2026, 4 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataLinkedInXTrustpilotregafi.fr

Pros and cons

Pros

  • Deposits and withdrawals are instant and self-service at any time, so the pot stays liquid.
  • A Banque Centrale Europeenne licence under FR17338 sits alongside EU DGS up to EUR 100,000 cover on balances.
  • The whole proposition is one easy access account, which keeps the decision simple.

Cons

  • 1.75% sits well under the savings median 3.06%, so the return is modest.
  • The rate is variable, which means it can move down and is not fixed for a term.
  • Help runs on email, phone and help centre, with no branch counter service.
Memo Bank

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • People keeping an emergency fund that must stay instant
  • Savers starting small, since the minimum deposit is €0
  • Holders of euros who are comfortable with a variable rate

Who should look elsewhere

  • Savers chasing the highest return, where Wise pays 3.29%
  • bunq, which pays 3.01%, if the rate matters more than instant access
  • Finteres, which offers rates of 0% to 36%, if you would rather commit to a term

Deposit protection

Memo Bank is a licensed French bank, and its Banque Centrale Europeenne licence is FR17338. Deposits are covered by EU DGS up to EUR 100,000, the EU deposit guarantee scheme, so eligible balances are reimbursed by the scheme rather than by the bank if it fails.

How Memo Bank compares

Where Memo Bank is available

Available
Belgium, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Spain
Licence in France
Banque Centrale Europeenne (ECB) (FR17338), checked September 26, 2026
Licence in France
Autorite de Controle Prudentiel et de Resolution (ACPR), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Memo Bank pay on savings?+

Memo Bank pays a headline rate of 1.75% on its savings account, and that rate is variable. A variable rate means the figure can move, so it reads as the current level rather than a promise. It sits below the savings median 3.06%.

Is there a minimum deposit to open the account?+

The minimum deposit is €0, and the account ranks at 1 on this measure among the brands compared. Because the account is easy access, money can move in or out at any time, so there is no reason to hold a balance you might need.

Is my money protected?+

Memo Bank is a licensed French bank, and its Banque Centrale Europeenne licence is FR17338. Deposits are covered by EU DGS up to EUR 100,000, the EU deposit guarantee scheme, so eligible balances are reimbursed by the scheme rather than by the bank if it fails.

How quickly can I get money out?+

The account is easy access, and Memo Bank describes the balance as fully liquid: money can be added or taken out instantly, on your own, at any time. Nothing has to be requested in advance, which suits an emergency fund or a pot that doubles as a current balance.

How do I contact Memo Bank?+

Support runs on email, phone and help centre, covering email, phone and a help centre. Help is handled remotely, with no branch counter in the mix, so questions are answered in writing or by phone rather than face to face. As a bank based in France, the account suits savers holding euros.

Who is Memo Bank suited to?+

Memo Bank fits a saver with a short horizon: the money needs to stay available, and the minimum deposit of €0 means there is no bar to starting. It suits a saver less well who will lock funds for a term, or who is chasing the highest available return. The rate is a modest one, and that is the trade.

How does Memo Bank compare with Wise on rate?+

Wise pays 3.29% on its interest product, a clear step up from 1.75% at Memo Bank. The difference is access: Memo Bank is an easy-access account built for money you may need immediately, while a higher rate usually comes with more conditions. Memo Bank makes more sense when instant access matters more than the size of the return.

Sources

  • memo.bank/a-propos checked September 26, 2026

    Backs: Founded

    “The Memo Bank story begins in 2017 under the name TrustBK”

  • memo.bank/contact checked September 26, 2026

    Backs: Support channels

    “Need help? Consult our help site or write to us from your workspace; if you are already a customer you can call your relationship manager directly; for any other request write to contact@memo.bank”

  • memo.bank/mentions-legales checked September 26, 2026

    Backs: Deposit protection, Headquarters, Legal entity, Licences

    “Registered office: 50 avenue des Champs-Elysees 75008 PARIS”

  • memo.bank/produit/compte-booster checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type

    “The Booster savings account is 100% liquid. Add or withdraw funds instantly and autonomously”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

Memo Bank

Memo Bank

A savings pot you may need to reach at short notice, at no entry cost.

8.9/10See alternatives