Previously known as MyPocket, Lekka wants to achieve inclusive banking for all by promising cheap access and easy access to fundamental financial services. Here’s what you need to know about this up-and-coming digital bank. Note that UK account registration has currently been paused but should resume in 2025.
What is Lekka?
Lekka is a digital banking service with a specific focus on inclusion and financial accessibility. The company says it wants to acknowledge the discrepancies between the access to banking that marginalised groups such as immigrants and low-income households face, and make banking more accessible to broader segments of society.
The French-based company wants to set itself apart by offering some of the cheapest banking options on the market. By signing up, users receive a current account, an IBAN and an international Mastercard, coupled with a mobile app. Lekka accounts should be available to UK customers in 2025.
How does Lekka work?
The banking service offers a current account that is connected to a mobile banking app and a Mastercard prepaid card. Available through a monthly or yearly subscription plan, users can choose between the Free Access or Premium Access plans.
Despite being a fee-based service, Lekka’s Premium Access comes with a fee. The account costs a single payment of €25 per year, or €2.08 a month. Along with the current account and banking services that Lekka offers, its users also receive an IBAN (International Banking Account Number) to help give users mobility and ease of use while banking across Europe.
Signing up for a Lekka account is easy and only requires proof of ID and a document detailing proof of address.
Is Lekka worth it?
While Lekka is still a relatively new service and is still in the process of developing more features and exciting innovations, it is worth keeping an eye on. Its mission of inclusive banking for all sets it apart from the other digital banking available on the market, though its features are limited.
Both the free and premium versions provide basic banking features, however, it does come with certain restrictions and additional fees for things such as ATM withdrawals, transfers, and declines. So while Lekka’s subscription fees are low and affordable, there are added charges and restrictions that come with both the free and premium plans that are important to keep in mind.
Lekka’s fees and restrictions
Lekka’s Free and Premium accounts both come with certain fees and restrictions on many banking features, which should be taken into consideration if you are looking into getting a Lekka account. These include:
ATM withdrawal fees in the SEPA Zone
Limited free transfers
ATM withdrawal limits
International payment fees
Decline fee of €0.15 per transaction
Monthly spending limits
Is Lekka safe?
MyPocket was regulated and authorised by the Financial Conduct Authority as an Electronic Money Institution. However, since MyPocket became Lekka, registration has paused in the UK – we’ll update this page when we have more information.
Pros
No credit check needed to open an account.
Free transfers to other Lekka customers.
Cons
Registration currently paused in the UK.
Limits on the amount you can load into your account without incurring fees.
Limits on free cash withdrawals.
Limited number of fee-free money transfers per month.
Customer service information for Lekka
Email support
Telephone support
In-app or live chat
Contact form
Branch support
Bottom line
While it’s still too early to pass any substantive judgement on Lekka, with an interesting mission and vision, this is definitely one product we’ll be keeping an eye on. Though the features are a bit limited at the moment, as Lekka looks to roll out more features and services, it will definitely be a digital provider to look out for.
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Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio
Matthew's expertise
Matthew has written 279 Finder guides across topics including:
Helping first-time buyers apply for a mortgage
Comparing bank accounts and highlighting useful features
Just got a job in the UK and need a bank account to have your salary paid into, but have no proof of address? Here’s what you can do.
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