Comparison

Terabank vs Silk Bank

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

Terabank

Manage your finances securely and conveniently from your mobile device. Access your accounts, make payments, transfer funds, and even apply for new banking products with an intuitive interface.

Highlights
  • Secure login with Face ID/Touch ID
  • Easy and scheduled payments
  • Open any type of account
  • Block or replace cards instantly
  • Domestic and international transfers
  • Effortless bill payments
  • Apply for banking products
Features
Read full description

Terabank is your ultimate mobile banking companion, designed to offer unparalleled convenience and security to control your finances anytime, anywhere , with a simple yet intuitive interface with an array of convenient features. Secure Login with Face ID & Touch ID: Enjoy swift and secure access to your account with Face ID or Touch ID authentication. Keep your banking safe and hassle-free. Payments Made Easy: Experience the simplicity of quick and secure transactions at your fingertips. Make same day or scheduled payments easily Open Any Type of Account: Whether you need a savings account, or a special deposit account, open any type, right from the app in minutes. Block or Replace Cards: Misplaced your card? No worries! Instantly block or request a replacement card with just a few taps, ensuring your finances are always secure. Transfer & Remittance: Transfer funds between your accounts or remit money domestically and internationally with ease and confidence. Bill Payments: Effortlessly pay your bills directly from the app. Manage utilities, credit card bills, and other payments all in one place. Request Banking Products: Apply for personal, home, or auto loans directly through the app. Get quick approvals and manage your loans seamlessly. Account information: View your statements, check balances, and recent transactions

About

Silk Bank

Manage your finances, transfer money instantly to any bank, and make commission-free payments for utilities and more. Connect with friends in-app, discuss finances, and send money directly through chat.

Highlights
  • Instant P2P transfers
  • Commission-free payments
  • Digital assistant advice
  • In-app chat for finance discussions
  • Direct in-chat money transfers
Features
Read full description

With Silk, you can effortlessly manage your funds, transfer money to any bank at any time, get recommendations and advice from a digital assistant, and make various payments without a commission fee. Features include: P2P transfers instant P2P transfers with Silk are available to any bank at any given time. Payments Making payments such as utilities, insurance payments, etc, is easy and quick with 0 commission fee. Chat In-app chat where you can chat with friends, discuss finances and make direct in-chat money transfers on the spot. Silk is here to make your life easier and give you access to a bettered financial experience. Download now and unlock a new era of banking.

Screenshots

Terabank4 screens
Silk Bank4 screens

Verdict

The call

The clearest difference is review sentiment: Terabank at 100% against Silk Bank's 18%. Terabank also leads on rating (4.8 vs 4.0) and ads (none vs shown). Silk Bank's advantage is update cadence (every 2 weeks vs every 3 weeks). On price, ratings volume, in-app purchases and device support 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

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ReceptionRating · Positive reviews · Number of ratings

Terabank holds the better App Store score, 4.8 against 4.0. Both are backed by a comparable volume of ratings — 230 and 120 respectively. Written reviews point the same way: 100% of Terabank's written reviews are positive against 18% of Silk Bank's.

UpkeepUpdate frequency

Terabank ships an update every 3 weeks, Silk Bank every 2 weeks. Both last shipped on November 3, 2026.

Scorecard5 real differences · 5 level
Terabank versus Silk Bank: the parameters behind the verdict, then further details
ParameterTerabankSilk Bank
PriceFreeFree
Rating4.8 (230 ratings) — better4.0 (120 ratings)
Positive reviews100.0% of reviews — better17.6% of reviews
Number of ratings230 — better120
Update frequencyEvery 3 weeksEvery 2 weeks — better
AdsNo — betterYes
In-app purchasesNoNo
MonetizationFree — betterAd-supported
DevicesiPhone, iPodiPhone, iPad, iPod — better
Requires iOS15.1 — better15.6
Further details — not scored
Size56 MB152 MB
Age rating4+17+
DeveloperTerabank JSCSilk Technology

Customer experience

Terabank

All ratings230 ratings
Positive96.1%
Neutral1.3%
Negative2.6%
Written reviews7 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

Silk Bank

All ratings120 ratings
Positive74.2%
Neutral1.7%
Negative24.2%
Written reviews17 reviews
Positive17.6%
Neutral0.0%
Negative82.4%

In-app purchases

None

Terabank

No in-app purchases

None

Silk Bank

No in-app purchases

Questions

Is Terabank free?
Terabank is free to download, with no in-app purchases.
Is Silk Bank free?
Silk Bank is free to download, with no in-app purchases.
Which has better reviews, Terabank or Silk Bank?
Terabank is rated higher. Terabank averages 4.8 out of 5 from 230 ratings, while Silk Bank averages 4.0 from 120 ratings.
Do Terabank or Silk Bank have ads?
Silk Bank shows ads; Terabank does not.
Which is updated more often, Terabank or Silk Bank?
Terabank ships an update every 3 weeks, and Silk Bank every 2 weeks. Most recently, Terabank was updated on November 3, 2026 and Silk Bank on November 3, 2026.

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