Top 10 best banking apps UK 2020

Tired of clunky apps that make you think you’ve travelled back to the early 2000s? We’ve picked out the best banking apps in the UK for you.

Updated

Fact checked
Promoted
HSBC Advance Bank Account

Switch and receive a £125 reward

  • £125 reward when you switch your main current account (from non HSBC-Group products)
  • Minimum arranged overdraft of £1,000 on account opening
  • Earn 2.75% AER / gross interest with the linked HSBC Regular Saver
  • To be eligible for HSBC Advance, customers will need to pay in a minimum of £1,750 per month or £10,500 over 6 months
A slick and easy-to-use mobile app has become a must-have for both digital and challenger banks, but not all financial institutions are quite there yet. We’ve had a look at who’s able to offer you the best journey purely from your phone.

While challenger banks are still taking the lion’s share, some traditional banks are catching up and adding innovative features to their banking apps, so the competition is hotting up.

Our top 10 mobile banking apps

RankAppReview
#1StarlingAbsolutely packed with features, Starling Bank’s banking app is easy to use and lets you handle all the aspects of your current account, including managing overdrafts, setting savings goals and adding receipts and notes to your payments.Visit Starling
#2Monzo Monzo’s reputation for being one of the coolest banking apps available isn’t unwarranted. It’s slick and colourful, lets you access all the features of your bank account and its spending reports make budgeting almost fun. Read our review
#3RevolutBeside being super competitive when it comes to travelling and sending money overseas, the Revolut app also integrates effortlessly in your day-to-day money life, offering a series of useful features for saving and organising your finances. Read our review
#4BarclaysBarclays tops the chart of traditional banks and its banking app is more techy than you’d expect from such a heavyweight. Cool features include the ability to categorise your spending and to see accounts you hold with other banks. Read our review
#5MoneseBuilt for expats who have just moved to the UK, Monese has all you can expect from a digital banking app, from the ability to instantly freeze your card if you lose it to a nice visualisation of your spending data. Read our review
#6HalifaxHalifax has built a solid banking app that looks clean and tidy. It lets you apply directly for other products and services including overdrafts, send money abroad and log in using face or touch ID. Read our review
#7Lloyds BankThe Lloyds banking app has got all the basic banking features covered, from checking your transactions to locating the nearest branch. Unlike many traditional banks’ apps, it also supports push notifications. Read our review
#8CashplusCashplus is another next-gen current account which lets you manage everything from your phone. It’s growing in the UK and definitely one to watch.Visit Cashplus
#9dozensThis brand new digital banking app has ambitious plans for the future and already stands out thanks to some handy features such as the ability to freeze your card, categorise your spending and visualise it in different ways. Read our review
#10NatWestWhile not being the slickest on the UK market, the NatWest app does the job with grace. Aside from all the basic features you can expect, it also lets you withdraw cash through a unique code on your phone if you forget your card. Read our review

How we picked our top 10 best banking apps

Did we choose according to who we liked best or who used the brightest colours? Not really. We developed a methodology that comes with a huge spreadsheet you don’t really want to have to look at, assigned points to each banking app available on the UK market (yes, all of them!) and then ranked them accordingly.

Our methodology essentially takes two factors into account:

  • Features. The more the merrier. We like apps that let you manage and personalise your money stuff as much as possible. We also have a soft spot for budgeting features that help you understand where and what you usually spend your money on.
  • Simplicity of use. An app can have a million features and still be a user experience nightmare. All the top apps that we’ve selected look clean and tidy and are fairly easy to use from the first time you start fiddling around with them.

Best banking app for business

Best business bank account for small businesses, sole traders and freelancers: Tide

Tide

★★★★★

Go to site Read review

24/7 customer support

Instant notifications

Software integration
Tide is a fintech app which offers business accounts to small businesses and freelancers, hoping to relieve them of some of the financial stress that comes with a growing company. Tide’s business accounts come with a number of features that address some of the most stressful aspects of working for yourself and offer all of this for free.
  • 24/7 customer support
  • Categorised spending
  • FCA regulated
  • Quick set-up
  • No monthly fees
  • Easy to manage accounts and track payments within the app
  • Ability to set up direct debits and standing orders
  • Can receive online bank statements
  • No branches - all done via the web
  • Doesn't accept cheque deposits
  • No personal accounts
  • No international
  • Transfers or interest offered
Account fee £0
UK ATM Charge £1
Account software integration platforms Xero, QuickBooks, FreeAgent, ReckonOne, Kashflow and Sage
UK transfer charge £0.20
Additional cards 35 additional cards
Additional card fee Free
Credit check No - Tide performs an electronic check but no credit check

Best banking app for kids

gohenry - with free custom card and one month free

£2.99

Monthly fee

Free customised card

Card delivery fee

£0

Cash withdrawal fee

gohenry is designed for children aged 6 to 18, and is managed digitally through an app for a monthly fee. It consists of a parent and child account combination, which sees parents use their account to top up the child’s balance and set limits on their spending. The child can check the available balance in their account and spend the money they’ve been given using a prepaid Visa debit card. Its free to use the card to make purchases online and in-store, as well as to make ATM withdrawals in the UK. But you only get one free money load from the parent’s account to the child’s account each month – after that it’s 50p per top-up.
  • Full parental control thanks to instant notifications and spending limits
  • Spend abroad fee-free
  • One-month free trial
  • It can be used by children as young as six
  • Reward system for completed tasks
  • Children learn about personal finance in a controlled environment
  • Relatives can also send money to the children
  • You can manage up to four child accounts from the same parent account
  • Monthly fee
  • Only one free top-up to the child account a month
  • Safe, but not as safe and regulated as a bank
  • You cannot load cash onto the account
  • It doesn’t pay any interest
Monthly fee £2.99
Card delivery fee Free customised card
Card transaction fee Free
Cash withdrawal fee Free
Loading fee 50p (one free top-up per month)
Replacement card fee £4.99
Network VISA

Compare banking app features

Tick the features you’re most keen on to narrow down the selection:

Data indicated here is updated daily
Name Product Ratings Interest (AER) Arranged overdraft Key benefits Link Representative example
We say
★★★★★
You say
★★★★★
0%
39.9% EAR variable
£125 when you switch
Go to site
Current account switch service guarantee badge
Plus earn 2.75% AER / gross interest with the linked HSBC Regular Saver
To be eligible for HSBC Advance, customers will need to pay in a minimum of £1,750 per month or £10,500 over 6 months and must qualify for a minimum £1,000 arranged overdraft. To be eligible for the £125 switching offer, customers must switch from a non-HSBC Group current account product. Other T&Cs apply. Representative example: If you use an arranged overdraft of £1,200, you’ll be charged interest at 38.9% (0% EAR variable on first £25, 39.9% thereafter).
We say
★★★★★
You say
★★★★★
0%
15% EAR variable
Award-winning current account, apply in minutes
Go to site
Current account switch service guarantee badge
No fees for spending or withdrawing cash overseas - currencies are converted at Mastercard’s standard exchange rate
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 15% EAR variable.
We say
★★★★★
You say
★★★★★
0%
39.94% EAR variable
Interest and fee free overdraft
for first four months when you switch
Go to site
Current account switch service guarantee badge
Up to 15% cashback at a range of major retailers
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable.
We say
★★★★★
0%
N/A
Guaranteed acceptance plus a credit building feature
Go to site
Account fee of £5.95 per month.
We say
★★★★★
0%
N/A
Guaranteed acceptance
Go to site
Current account switch service guarantee badge
Earn cashback on your purchases when you shop through the ThinkMoney rewards portal
Account fee of £10 per month or £15 per month.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Foreign ATM withdrawals Foreign transactions fee Card cost Delivery speed
Starling Bank
Free
No fees
Free
Between 3-5 working days
Everything you get from a current account, but with new features for mobile living. (E.g. Goals for saving, spending catgorisation, interest on your balances)
WeSwap
Withdrawals of £200/$200/€200 or more – free
smaller withdrawals – a charge of £1.50 per withdrawal

No transaction fees (if you spend in one of the 18 wallet currencies)
Free
Between 3-5 working days in the UK, or within 10 days if you live outside the UK
Tandem (Credit Card)
No ATM fees. However you'll be charged interest from the day you withdraw cash.
No fees
Free
-
Tandem's credit card doesn't charge fees on purchases abroad, leaving you with more money for your travels.
Loot
Two free cash withdrawals per month, £1 thereafter
No fees
Free
-
App-based current account that keeps you on top of your spending. You can set goals and Loot will help you get there.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Fees and charges Interest Savings goals
Revolut (Standard)
Card delivery is £4.99
No interest
Set budgets in the app
Starling Bank
Free
0.05% on up to £85,000
Create different spending goals and protect money from daily spending
Monese (Starter)
None
No interest
Not a feature
Monzo
Free
Marketplace with 8 savings accounts both fixed rate and easy access, £500 minimum deposit.
Monzo pots let you put money aside, protected from your daily spending
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Data indicated here is updated regularly
Name Product Direct debits UK ATM withdrawals Payments Freeze your card
Revolut (Standard)
Supported with both the UK account and the Euro IBAN account
£200 free monthly
Easy UK payments and can transfer money between 23 countries
Yes: touch of a button in app
App-based current account with loads of extra features. (e.g. Real time transactions, payment categorisation, save spare change, free international money transfers, buy cryptocurrency)
Starling Bank
Yes - future Direct Debits shown as alerts
Free
Pay via bank transfer or using PayPal or Google Nearby
Yes: touch of a button in app
Everything you get from a current account, but with new features for mobile living. (E.g. Goals for saving, spending catgorisation, interest on your balances)
Monese (Starter)
Yes - can cancel with touch of a button too
£200 free monthly
Pay via bank transfer, easier to send to another Monese account.
Report lost/stolen in app to be sent replacement
A multi-currency mobile banking app that aims to be ‘built around you’. Use it to open a fully functional current account instantly, straight from your phone, all supported by a feature-rich mobile app
Monzo
Yes - future payments shown in homefeed
Free
Pay via bank transfer or send instantly to other Monzo account
Yes: touch of a button in app
Monzo is free to spend anywhere in the world and in any currency, with no fees. All money is exchanged using the MasterCard rate.
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