Comparison

ActivoBank vs Coverflex

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

Head to head
About

ActivoBank

Manage your finances with this app, offering account management, card services, loan applications, and secure payment options. It also allows for international transfers and bill splitting with friends. Open a new account entirely online in just 15 minutes.

Highlights
  • Integrated account management
  • Card services and management
  • Loan simulation and application
  • International transfers
  • Bill payment and splitting
  • Secure mobile payments
  • Account aggregation
Features
Read full description

Everything you need to know about our App’s functionalities is here! Did you know you can: Manage your accounts in an integrated and intuitive way: check, transfer, pay and save; Hide your balances in order to have more privacy; Request a new Debit or Credit Card and revoke ( up to 14 days) or even cancel it due to loss or theft; Simulate and apply for a Personal Loan, with the possibility of immediate online approval (subject to automatic credit assessment); Simulate a Home Loan: apply and upload the first required documents; Subscribe our ON/OFF Travel Insurance; Make international transfers directly with TransferWise; Use Widgets for a simpler access to your account movements; Set notifications when your balance is below a certain amount or when your Credit Card is used. With Apple Pay you can make simple, fast and secure purchases in stores, in Apps, and on the web. Leave your cards at home and pay using only your Apple device. It’s simple, fast and safe. In the area “More” you can find: MB WAY, where you can send, withdraw and request money or even pay and split your bills with friends; Finance Manager, onde pode controlar os seus gastos; Configurations; Contacts; Legal information; Logout. Request your Loan Moratorium, without leaving your house. It’s the safest option! Upload the documents, wait for an answer and, if you fulfil the requirements, accept! 
With PSD2 you can aggregate, on your App, information about your other Bank Accounts: balances, movements and account details. You can aggregate Accounts from 17 national Banks, that joined to the SIBS solution. Share Beneficiaries and Favourites info between the App and website. Not our Client yet? Then open an Account without leaving your house! 
You’ll only need: 15 minutes; Portuguese Identification Document, proof of address and employment; Make a videocall at the end of the process. Don’t waste any time: download it now and make your life simpler!

About

Coverflex

Manage your flexible compensation with this app, designed exclusively for employees of client companies. Access your compensation options and a dedicated card to spend on benefits. Take ownership of your financial well-being.

Highlights
  • Personalized compensation management
  • Dedicated spending card
  • Understand compensation details
  • Manage benefits options
  • Exclusive client company access
Features
Read full description

**Meant exclusively for employees working at companies that are Coverflex clients. The only way to have access to the Coverflex App is if the company you work at invites you to join.** Coverflex makes flexible compensation personal and simple to understand and manage on the palm of your hand. You have ownership of your process, no one else. You’ll have an app and a card to spend on all of your flexible compensation options. If you're here, it means you got an email with an invite from your company to join Coverflex. Here are your next steps: * If you’ve already set up your account, all you need to do is download the app here and fill out your details to start exploring. * If you haven’t set up your account yet, use the link on the email you got with the invitation to join Coverflex and set up to get access to the app. When that’s done, download the app here, fill out your details and start exploring. Understand your compensation and manage it your way.

Screenshots

ActivoBank4 screens
Coverflex4 screens

Verdict

The call

The clearest difference is review sentiment: ActivoBank at 46% against Coverflex's 11%. ActivoBank also leads on ratings volume (555 vs 54) and device support (3 vs 1). Coverflex's advantage is monetization model (free vs free with in-app purchases) and rating (5.0 vs 4.7). On price, ads, in-app purchases and iOS requirement 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

Coverflex holds the better App Store score, 5.0 against 4.7. That said, the two scores are not equally well evidenced: ActivoBank has 555 ratings behind it against 54, so its average is the more settled of the two. Written reviews complicate that: 46% of ActivoBank's written reviews are positive against 11% of Coverflex's, so the app with the better star average is not the one people write more warmly about.

UpkeepUpdate frequency

ActivoBank ships an update every 4 weeks, Coverflex every 6 days. The most recent releases landed on October 23, 2026 and October 24, 2026 respectively.

Scorecard6 real differences · 4 level
ActivoBank versus Coverflex: the parameters behind the verdict, then further details
ParameterActivoBankCoverflex
PriceFreeFree
Rating4.7 (555 ratings)5.0 (54 ratings) — better
Positive reviews46.1% of reviews — better11.1% of reviews
Number of ratings555 — better54
Update frequencyEvery 4 weeksEvery 6 days — better
AdsNoNo
In-app purchasesNoNo
MonetizationFree with in-app purchasesFree — better
DevicesiPhone, iPad, Apple Watch — betteriPhone
Requires iOS17.616.4 — better
Further details — not scored
Size396 MB104 MB
Age rating4+4+
DeveloperBanco ActivoBank (Portugal), SACoverflex S.A.

Customer experience

ActivoBank

All ratings550 ratings
Positive92.4%
Neutral1.1%
Negative6.5%
Written reviews180 reviews
Positive46.1%
Neutral8.9%
Negative45.0%

Coverflex

All ratings54 ratings
Positive100.0%
Neutral0.0%
Negative0.0%
Written reviews9 reviews
Positive11.1%
Neutral0.0%
Negative88.9%

Bugs and requests

ActivoBank

Reported bugs

16 issues
  • App fails to open after recent updates
  • Login requires multiple attempts
  • Numpad appears instead of keyboard for company name input
  • IBAN not recognized error on transfer finalization
  • Face ID compliance error on compatible devices
Show 11 more
  • App reports offline status despite active connection
  • Website freezes at Terms and Conditions review step
  • Chave Movel Digital button non-functional
  • Email notifications blocked after customer replies
  • App crashes on version 4.0+
  • Pending and wallet transactions not visible
  • Language selection reverts to Portuguese
  • Dismissed advertisements reappear on screen reload
  • Update requires re-activation with failed credential acceptance
  • Back button disappears in navigation settings view
  • Connection problems persist after reinstallation

Requested features

11 requests
  • Separate marketing notification toggle from security alerts
  • Support for non-Portuguese IBAN beneficiaries
  • Landscape/horizontal orientation support for iPad
  • Easier tax address and postal address updates
  • Card blocking functionality within the app
Show 6 more
  • Optional hidden balance feature in settings
  • Increased PIN security (minimum 6 digits)
  • Waived foreign currency fees for free accounts
  • Real-time transaction date display for contactless payments
  • Consistent language support throughout entire app
  • SMS activation code delivery improvements

Coverflex

Not enough reviews yet to summarise bugs or requests.

In-app purchases

None

ActivoBank

No in-app purchases

None

Coverflex

No in-app purchases

Questions

Is ActivoBank free?
ActivoBank is free to download, with no in-app purchases.
Is Coverflex free?
Coverflex is free to download, with no in-app purchases.
Which has better reviews, ActivoBank or Coverflex?
Coverflex is rated higher. ActivoBank averages 4.7 out of 5 from 555 ratings, while Coverflex averages 5.0 from 54 ratings.
Do ActivoBank or Coverflex have ads?
Neither ActivoBank nor Coverflex shows ads.
Which is updated more often, ActivoBank or Coverflex?
ActivoBank ships an update every 4 weeks, and Coverflex every 6 days. Most recently, ActivoBank was updated on October 23, 2026 and Coverflex on October 24, 2026.

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