NEO vs Rasheed
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
NEO
This digital banking app allows users to open accounts, transfer money globally with competitive rates, and manage multiple currencies from a single platform. It offers travel cards with exclusive benefits, secure transactions, and a rewards program for purchases.
- Open account in minutes
- International money transfers
- Multi-currency account management
- Travel cards with lounge access and discounts
- Earn rewards points (Neons)
- Secure, bank-grade encryption
- Islamic Sharia compliant banking
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NEO is a smart digital banking app that lets you open an account in minutes, transfer money worldwide, and manage multiple currencies, all in one secure app. Start today and experience secure, fast, and modern digital banking with NEO. Our Services International Money Transfers ● Competitive exchange rates ● Low transfer fees with no hidden costs ● Receiving options tailored to the recipient’s needs ● Earn "NEONS" points when issuing a card Your money reaches the world in moments! Send SAR, USD, EUR, and more worldwide in seconds. No borders, no delays. Multi-Currency Account ● Manage multiple currencies from a single account ● Easily exchange between currencies with no hidden fees ● Perfect for travel enthusiasts and global shoppers ● Supports over 19 currencies, including QAR, USD, EUR, GBP, and more Travel Cards ● Access to international and local airport lounges ● Exclusive discounts ● Uniquely tailored benefits for each card ● Get neons on every purchase Currency Exchange – Best Rates, No Surprises ● Instant exchange through the app with no delays ● Best exchange rates ● No hidden fees ● Supports multiple currencies All in One Digital Banking App Your banking, simplified into one secure app. Key Features: ● Open your bank account in minutes ● Transfer money locally and internationally ● Track your spending and manage expenses ● Earn Neons with every purchase ● Pay bills instantly ● Onboarding Minors (15-18) years old ● Issue and manage your cards ● Request money (Qattah) ● Bank-grade encryption for 24/7 security ● Available for users aged 15 and above Islamic Digital Banking At NEO, we provide a fully integrated digital banking experience, 100% compliant with Islamic Sharia principles, ensuring every financial transaction you make aligns with approved Sharia standards. NEO App is fully compliant with Islamic Sharia standards. Track Your Money – Easily and Securely With the smart tracking feature, you can: ● Monitor all your transactions ● Receive personalized notifications for every financial movement ● Get a clear view of your cash flow with smart income and expense insights, all in one simple dashboard. Stay on top of your spending with smart alerts, income insights, and a simple dashboard. Exclusive Offers & Vouchers Open your account and start enjoying rewards. Neo offers real benefits and valuable promotions that make every transaction count: ● Earn “Neons” points for every Riyal you spend ● Get bonus Neons when you sign up and issue your first card ● Enjoy instant discounts with our partners ● Unlock exclusive offers tailored for you ● Redeem digital vouchers for shopping, dining, and entertainment With NEO, every transaction = added value, Download NEO digital banking app today and let the rewards begin! Flexible Payment Methods Your Card, Is Your Phone or Smartwatch. Pay effortlessly with Apple Pay, Google Pay, Mada Pay, or Samsung Pay. No need to carry a physical card. Request a physical card anytime, delivered straight to your door Smart Payment Benefits: ● Instant, secure payment with a single tap ● Compatible with major smart payment platforms ● Advanced protection to keep your data safe Issue and manage virtual or physical cards anytime. Explore the App Features Your NEO Account Offers: ● Open an account in minutes with our digital banking app ● Issue an instant virtual/physical card ● Multi-currency account ● International money transfer ● local transfer ● Easy transfer using phone number ● Expense tracking and categorization ● Savings & investment calculator ● Government payments ● Freeze or cancel your card instantly ● 24/7 customer support and security Whether you're opening your first account or managing money across currencies, NEO gives you full control with simplicity and security. Start your digital banking journey today with NEO.
Rasheed
Simplify your finances and manage your budget with this expense tracking tool. Capture receipts digitally, automatically categorize spending, and set budget goals for real-time progress updates. Gain insights into your habits to make informed financial decisions.
- Digital receipt capture
- Automatic expense categorization
- Budget goal setting
- Real-time progress updates
- Spending insights and reports
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Rasheed: Your Smart Financial Hub Organize your spending, save every receipt with a single tap, and turn everyday purchases into rewards. Some features are subject to usage limits. A paid subscription is required for continued access after the free usage limit is reached. Rasheed is not another expense tracker. It is a smart financial companion powered by TapCeit — the one-tap device that captures your receipt the moment you pay. No paper. No shoebox of faded slips. No lost warranties. Organize money the way you live Create Pockets for what matters — Personal, Shared, or Business — and set Slices inside each one to budget by category. See exactly where your money goes, and decide where it should go next. One tap, every receipt Tap TapCeit at checkout, and your receipt is saved instantly. Warranty cards, vouchers, and medicine notes are filed automatically in your Cabinet, so you can find them the day you actually need them. Share budgets, build awareness Invite family or friends to a Shared Pocket, split costs fairly, and settle up in a few taps. It is also a natural way to teach children how money really works. Earn as you spend Every tap grows your Green Score and moves you up the tiers — Leaf, Plant, Tree, Forest. Redeem your points in the Offers Hub for exclusive gifts and partner discounts. Understand your habits Simple visual reports and spending trends turn raw numbers into decisions you can act on. Better for the planet Every digital receipt is one less printed. A small tap, with a real cumulative impact on paper waste. Get started in three steps • Capture — log expenses by text, voice, or photo, or just tap TapCeit at checkout. • Review — check your reports to see where your money actually goes. • Earn — keep your warranties safe and turn your points into rewards. Be Rasheed. Spend with intention. Download Rasheed today — organize your spending, keep every receipt, and earn as you go Terms of Use are https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Screenshots
Verdict
The clearest difference is rating: Rasheed at 5.0 against NEO's 4.4. NEO's advantage is ratings volume (214 vs 3). On price, update cadence, ads and in-app purchases there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Rasheed holds the better App Store score, 5.0 against 4.4. That said, the two scores are not equally well evidenced: NEO has 214 ratings behind it against 3, so its average is the more settled of the two.
NEO ships an update monthly, Rasheed fortnightly. The most recent releases landed on October 18, 2026 and October 4, 2026 respectively.
| Parameter | NEO | Rasheed |
|---|---|---|
| Price | Free | Free |
| Rating | 4.4 (214 ratings) | 5.0 (3 ratings) — better |
| Positive reviews | 31.7% of reviews | — |
| Number of ratings | 214 — better | 3 |
| Update frequency | Monthly | Fortnightly — better |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPod | iPhone, iPad, iPod — better |
| Requires iOS | 15.0 — better | 15.5 |
| Further details — not scored | ||
| Size | 675 MB | 125 MB |
| Age rating | 12+ | 4+ |
| Developer | The Saudi National Bank | Innovative Digital Solutions Company |
Customer experience
NEO
Rasheed
In-app purchases
NEO
No in-app purchases
Rasheed
No in-app purchases









