We’ve ordered the table based on our most popular digital banking reviews. This list contains all of them.
Why should I use a banking app?
The new wave of banking apps come with a whole range of benefits, and each bank offers a slightly different service. Overall though, the benefit is taking your bank with you wherever you go. In your pocket you can make payments, contact customer service, freeze your card, and get an overview of your spending.
The other benefit of banking with these new start ups, is their agility. With constant updates, funding and collaborations, more features and products are being added every month. As time goes on, these banks resemble traditional banks more and more closely – but without the clunky apps, queues in branches, and staying on hold to customer service.
The other benefit is that the apps are mostly free! While some charge a fee, many banking apps don’t (such as Revolut, Monzo, Starling, Monese). For no money, you can visualise your spending on-the-go and in real time.
If they’re free, how do banking apps make money?
A lot of banking apps are drawing in customers with free services, and the companies plan to diversify later with more traditional banking products (such as savings accounts, mortgages, loans, overdrafts). These products provide the apps with potential revenue in the future.
Some apps are partnering with other fintech startups, to cross-sell each others’ services. Head to our news section for the latest developments in digital banking.
What is CASS?
The Current Account Switch Service is a free to use government initiative. Banks that are signed up make switching your current account simple, reliable and stress-free. Switching direct debits, overdrafts and standing orders was never easier. In our table above, we’ve identified which digital banks support CASS.
Charlie Barton is a publisher at Finder. He specialises in banking and investments products, including banking apps, current accounts, share-dealing platforms and stocks and shares ISAs. Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.