# MTB Neo vs MBL Rainbow

The clearest difference is rating: MBL Rainbow at 3.6 against MTB Neo's 3.4. MTB Neo's advantage is review sentiment (41% vs 27%) and ratings volume (242 vs 38). On price, update cadence, ads and in-app purchases there is nothing between them.

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

MBL Rainbow holds the better App Store score, 3.6 against 3.4. That said, the two scores are not equally well evidenced: MTB Neo has 242 ratings behind it against 38, so its average is the more settled of the two. Written reviews complicate that: 41% of MTB Neo's written reviews are positive against 27% of MBL Rainbow's, so the app with the better star average is not the one people write more warmly about.

MTB Neo ships an update monthly, MBL Rainbow every 2 months. The most recent releases landed on October 23, 2026 and October 24, 2026 respectively.

## The numbers

| Metric | MTB Neo | MBL Rainbow |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [3.4 (242 ratings)](https://appshunter.io/ios/app/mtb-neo/id893471328/reviews) | **[3.6 (38 ratings)](https://appshunter.io/ios/app/mbl-rainbow/id1541602835/reviews)** |
| Number of ratings | **242** | 38 |
| Positive reviews | **40.7% of reviews** | 27.3% of reviews |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Monthly** | Every 2 months |
| Monetization | Free | Free |
| Size | 140 MB | 86 MB |
| Requires iOS | 15.6 | **14.0** |
| Devices | **iPhone, iPad, iPod** | iPhone, iPod |
| Age rating | 4+ | 4+ |
| Developer | [Mutual Trust Bank Limited](https://appshunter.io/developer/1568280319) | [Mercantile Bank Ltd](https://appshunter.io/developer/1473119174) |

## What reviewers say

### MTB Neo

[App page](https://appshunter.io/ios/app/mtb-neo/id893471328)

Manage your bank accounts and perform various financial transactions on the go. This app allows real-time account viewing, fund transfers, mobile recharges, and bill payments. It also facilitates opening new products and ordering checkbooks, all secured with advanced encryption and two-factor authentication.

**Highlights:** Real-time account information, Fund transfers (local & international), Mobile top-up, Credit card management, Bill payments, FDR & DPS account opening, Checkbook ordering

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none

**What reviewers like**

- 👍 Excellent user interface
- 🚀 Smooth and fast performance
- 🔒 Enhanced security features
- 💡 Convenient features like DPS and FDR opening
- 👍 Fresh and new UI design

**What reviewers complain about**

- 🐛 App crashes frequently
- 🐛 Biometric login not working
- 🐛 Compatibility issues with new iOS versions
- 🐛 Slow loading times and server connection issues
- 🐛 Bugs in specific features like mobile recharge and QR payment

**Reported bugs**

- App crashes on launch for new iPhones
- App not working on iPad Air 6
- Credit card details not visible in the app
- QR payment not working
- Registration process bug causing app to close

**Requested features**

- Add option to choose OTP delivery method
- Provide deposit scheme closure option in the app
- Bring back transaction screenshot sharing feature
- Add card to Apple Wallet integration
- Improve RTGS feature


### MBL Rainbow

[App page](https://appshunter.io/ios/app/mbl-rainbow/id1541602835)

Manage your banking needs conveniently from your smartphone. Facilitates various transactions including payments, online purchases, fund transfers, and mobile top-ups. Offers digital account and card management, with real-time notifications for all your activities.

**Highlights:** Digital account and card onboarding, Fund transfers (internal, bKash, Nagad, bank), e-Commerce and bill payments, Mobile top-ups, Account balance and summary view, Real-time transaction notifications, QR Cash withdrawal

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


## Frequently asked questions

### Is MTB Neo free?

MTB Neo is free to download, with no in-app purchases.

### Is MBL Rainbow free?

MBL Rainbow is free to download, with no in-app purchases.

### Which has better reviews, MTB Neo or MBL Rainbow?

MBL Rainbow is rated higher. MTB Neo averages 3.4 out of 5 from 242 ratings, while MBL Rainbow averages 3.6 from 38 ratings.

### Do MTB Neo or MBL Rainbow have ads?

Neither MTB Neo nor MBL Rainbow shows ads.

### Which is updated more often, MTB Neo or MBL Rainbow?

MTB Neo ships an update monthly, and MBL Rainbow every 2 months. Most recently, MTB Neo was updated on October 23, 2026 and MBL Rainbow on October 24, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*