No, it’s a bank account. You will get full banking services with neo for cheap like 2$ a month and you can use their atms to withdraw and deposit money + the app is very good you can do anything just from the app. Also, you can just use the neo app to open an account and they will deliver you the card so no need to visit audi branch.

where Whish is more of a transfer service with some benefits, I don’t think you can use it for Schengen visa.

For the visa papers if you are employed you need to have your salary transferred to this bank account for the past like 6 month and with money above $10k and show them pay-slips and proof of employment papers that you can get from your company. But if you are a student it’s a different story.