T Neo bank SBI

[bryanc]

Hi.
Could someone tell what the difference betweeen SBI neo bank and t neo bank?is it the same thing?
I have an SBI acct but wondering if can change to the t neo bank as it seems to have less ATM charges..is this correct?

[Moneymatters]

Hi.
Could someone tell what the difference betweeen SBI neo bank and t neo bank?is it the same thing?
I have an SBI acct but wondering if can change to the t neo bank as it seems to have less ATM charges..is this correct?

It seems to be a separate company but operates as a branch of SBI Bank.

The advertised purpose is to help people acquire T-points. But it does appear to offer a fewer services compared to the normal account.

https://nukunukusas.com/t-neobank-sbi-difference

Check the various tables here. Can’t access with a website, only mobile app, no international transfers, no hybrid or sweep with the SBI broker.

Rather than “less ATM charges” it appears to have fewer free ATM interactions. And as you can’t join the smart program that might be hard to easily increase.

I don’t carry a T-Point card, my wife and daughter were competing to present theirs first after brunch the other day. Daughter won with some Jumble sale elbows my mother would be proud of.

[bryanc]

thanks!