Yapeal review 2022: Pros, Cons and Features of Yapeal

Yapeal may seem like a new player in the field of digital banking, but it is much more than that. Want to know about it? Read our review here.

Founded in 2018, Yapeal is a digital banking startup that offers bank accounts, budgeting, peer-to-peer payments, debit cards, feature-rich mobile banking apps and mobile wallet services. The project has also successfully obtained a Swiss fintech license and investor funding to move ahead. It is now growing rapidly and realising new updates to its mobile banking apps.

YAPEAL offers a digital banking service that allows you to have full control over your money that has some highlighting points mentioned below:- 

• No paperwork

• No hidden charges

• Transactions

• Charge low fees for payments 

• Instant Transactions 

Since the establishment of Yapeal, the company has updated many features and the continuously working on releasing new updates and solidifying its platform for a wider audience.

Yapeal Features 

Yapeal is a new player in the market trying hard to make it stand out from others. It is offering unique features to grab the attention of users. The features of Yapeal are mentioned below:- 

Mobile Payment

You can make mobile payments or bills from any corner of the world securely and contactless via the app. 

Payments

Yapeal allows you to make the payments of bills conveniently and effortlessly with your mobile app. 

Visa Debit Card

Yapeal is offering the facility of a Visa Debit card that accepts offline as well as online payments at the global level. 

Yapeal Verify 

Yapeal focuses on maximum security as each transaction is secured and verified by the Swiss-based platform. 

Freeze/Unfreeze Card 

If your card is stolen or you are not able to find it, you have the option to freeze the card. 

Best FX Rates

Avail the benefit of the best exchange rates at the global level. 

Yapster 2 Yapster

You can transfer money to your friend or any family member in real-time by using Yapster 2 Yapster. 

Never Forget

Yapeal focuses on improving the quality of transactions through image and location. 

Pension Savings 

Yapeal has implemented 3A’s that include investing easy, save easy taxes and all are fully integrated. 

Ebill

Yapeal has the facility that everything is automatically linked in the application. 

Cashback

Take the advantage of cashback, bonuses, and rewards with the Yapeal. 

Send Funds Internationally

Yapeal offers cheaper and faster abroad fund transfer. The process is simple and efficient.

eCom-Shopping

With the best exchange rates and no processing fee (markup), enjoy the offers from worldwide.

ATM Abroad

If you are on holiday abroad and need some cash there. Just go to the next ATM and get cash instantly.

Handle Money Better

With a feature-rich dashboard, users can manage, analyze and plan their spending in a better way.

How to create Yapeal Account 

The process of creating an account on Yapeal and funding it is longer than usual but it has very simple steps. Just follow the step-by-step procedure engraved below:

Create and Yapeal Account

1. Visit Yapeal Website.

2. Click on the app store link of your choice and download the app.

3. Open apps and tap on ‘Become a Yapster’.

4. Tap ‘Register’.

5. Download and install a second app (Yapeal Shield App) to complete the verification process.

6. Enter your nickname, select where you live, and tap Continue.

7. Tap ‘To the Scan’ and scan your documents, upload your photo (3D Selfie), and answer a few simple questions.

8. You should see a ‘Tick’ and confirmation message a few seconds later.

9. Click on confirm, and on the next screen enter your email.

10. Enter the verification code you have received in the given Email.

11. Click on confirm, and on the next screen enter your address and mobile Number.

12. Select and upload a memorable picture as a recovery option for your account.

13. Set the app pin and confirm.

14. Check and agree to the legal conditions and tap on confirm.

15. Now tap ‘Get your account’ to move on.

16. Before you tap ‘Confirm’ , get the ‘Promo code’ label on the Visa card.

17. Enter the Promo code and tap on confirm.

18. Now select occupation, and account number.

19. Double-check your account number and confirm.

How to Funding Yapeal Account

• Open the app and log in.

• Copy your personal IBAN.

• From another bank account make a normal transfer to your Yapeal Account.

• Once again open the Yapeal app again after funding it.

• You will receive the confirmation Message.

That’s it. You have created an account and also funded it. 

Pros and Cons of Yapeal 

To be very honest, the product of Yapeal is not completed yet as their team is constantly working on it and planning to launch it officially next year. It is quite surprising for everyone what they are going to offer and how things will develop. What we can do, wait for the time and see what features they will offer. 

Conclusion

Yapeal is a Swiss-based platform that is regulated and authorised by financial supervisory authority FINMA. It is a digital bank app that allows users to open an account at Yapeal in less than 5 minutes which is the USP of the application. Users can install the Yapeal from Google Play Store and Apple Store. The application has a lot to offer such as ebill, visa debit card, cashbacks, pension and among others. Also, the team is putting efforts to roll-out new features and updates in between intervals.