MYbank
Ant Group's SME digital bank.
- Who holds it
- The company itself — it holds a full banking licence — Private bank license (CN).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from MYbank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · SMB & startups |
| AI | AI underwriting in production |
| HQ | Hangzhou, CN |
| Founded | 2015 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Private bank license (CN) |
| Card | No card |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
| Founders | Ant Group-led |
Verified links: official site ↗
Common questions about MYbank
What is MYbank?
MYbank is a fiat neobank built for SMB & startups, headquartered in Hangzhou, CN and founded in 2015. Your money is held custodially, so MYbank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Private bank license (CN)).
Does MYbank have a card, and where can you use it?
It issues no card of its own. It is available in Asia.
Does MYbank require KYC?
Yes. MYbank requires identity verification (KYC) to open an account, as a licensed bank.
Early investors
Head-to-head
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
MYbank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Asia (132) · Neobanks for small businesses and startups (33) · Neobanks with no card of their own (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.