Tomorrow Bank review
Manage your money while saving the environment.
Tomorrow Bank is a sustainable banking solution that helps users manage their finances while reducing their carbon footprint. It offers clean banking tools and invests in community-development initiatives all over the world. This review will explore how Tomorrow Bank works in Germany, including the account features and fees involved.
1.5% per payment
Currency conversion fee
What's in this review?
How does Tomorrow Bank work?
Tomorrow Bank offers digital financial tools while guaranteeing that profits aren’t directed to harmful trades. Instead, Tomorrow Bank invests its capital in sustainable and eco-friendly services. Additionally, users can benefit from schemes that reduce their carbon footprint when they use Tomorrow Bank financial products. Tomorrow Bank offers two digital accounts, the Tomorrow and Tomorrow Zero accounts.
What can you do with a Tomorrow Bank account?
All Tomorrow Bank accounts come with the following standard features.
- Free Visa Debit Card
- Free transactions worldwide
- Further Tomorrow Bank’s climate contribution efforts
- Contain Insights feature for digital budgeting
- Provide push notifications for each transaction
The two Tomorrow accounts also come with distinct features, which are detailed below:
Compare Tomorrow Bank products
How much does a Tomorrow account cost?
Keep in mind the following costs before you sign up for an account:
- Monthly fees. The Tomorrow account comes with a €0 monthly fee while Tomorrow Zero costs €15 per month.
- ATM withdrawals. You can make three withdrawals free of charge with the Tomorrow account, after which a €2 fee applies. ATM withdrawals are free of charge with Tomorrow Zero.
- Foreign currency. If you make purchases in a foreign currency you will be charged a 1.5% fee. There is no foreign currency fee for Tomorrow Zero.
- Card replacement fee. A fee of 10 € applies.
Is Tomorrow Bank safe?
Tomorrow Bank offers a range of security features to help users protect their digital wallets. Here are some of such features.
- Data encryption. User data is transmitted in an encrypted form, which protects it from “man-in-the-middle” attacks.
- Penetration tests. Tomorrow Bank conducts regular penetration tests to locate and eliminate vulnerabilities in their system.
- Privacy. Tomorrow Bank does not disclosure of information to third party companies.
- Monetary protection. The credit balance of Tomorrow users is managed by SolarisBank, which holds a German banking license. It is a member of the deposit insurance fund of the Federal Association of German Banks. Each Tomorrow Bank account is thus protected up to €100,000.
- Card security. You may change your card pin or block your card using the Tomorrow Bank app.
- App security. Important in-app changes, transfers and online debit card payments must be authorized via TAN authentication.
- Account security. Tomorrow Bank accounts are protected by two-factor authentication.
Pros and cons
- No SCHUFA information is required when opening an account.
- An eco-friendly tool that fights combat climate change by helping you reduce your carbon footprint.
- In comparison to other digital banks, the basic Tomorrow account offers very few sub-account options and only three free withdrawals per month, which could be impractical for some users.
- The basic Tomorrow account does not come with carbon offsetting benefits yet offers fewer perks than competitor digital banks, making it a less appealing financial tool.
How to sign up for a Tomorrow account
You can sign up with Tomorrow on the website (just click “Go to Site” from this page). You can sign up for an account in eight minutes. You’ll need your phone, address and your ID to sign up. Once you’ve got your account, your card will be sent to you.