Vybe bank account review

The latest kid on the neobank block, Vybe offers a free-to-use digital bank account with perks and discounts through its range of brand partners.


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Targeting teens and above, Vybe is a digital banking app that doesn’t offer the full range of current account features (there’s no overdraft) but it’s free and offers lots of perks and deals, including on festivals and eating out. Here’s what you need to know.

What is Vybe?

Vybe is a digital banking brand that claims to be the “neobank for young people”, offering free digital banking as well as discounts on a range of products and services. It’s available to everyone over the age of the 13, but you’ll currently need to join a waiting list to open an account.

How does Vybe work?

Vybe is digital-only, which means it operates without any branches and lets you manage your account entirely through its app. What sets it apart from its competitors is its emphasis on perks and discounts that it offers through its range of partners.

As with most challenger banking brands, it offers instant money transfers, secure spending, online management and payment notifications. There’s also no overdraft feature, which means you’ll only be able to spend the money that’s in your account.

Once your account is opened, you can then transfer money to your Vybe account via bank transfer and use your personalised card in person and online. You’ll then be sent discounts and perks from Vybe’s partners, which include restaurants, lifestyle brands and even festivals.

Is Vybe safe?

Vybe is not a fully licensed UK bank, but it is a payment service that operates through its partner Railsbank, which is registered with the Financial Conduct Authority. Your personal data is also protected under the Data Protection Act 2018 in the UK and other general data privacy regulations.

How do I apply for Vybe?

You can open a Vybe account by completing the following steps:

  1. Sign up using your email
  2. Validate your account
  3. Add your phone number
  4. Wait for your card to arrive

Vybe referrals

You can start referring as soon as you’ve registered your account by sharing your referral link with your friends or family. You’ll receive £2 for every person that registers and validates an account using your referral code, and they’ll also receive £2 when they open their account.

How much does Vybe cost?

Vybe is entirely free to use, and this includes using the card and app, as well as transferring money between Vybe accounts and other accounts. You’ll also get 3 free ATM withdrawals, but you’ll need to pay £1 for each subsequent ATM withdrawal. As there’s no overdraft feature, you won’t be charged any overdraft fees.

How does Vybe make money?

Unlike most challenger banks, Vybe primarily makes money through its brand partners, which offer benefits and discounts to Vybe customers.

Pros and cons


  • Free to use
  • Quick and easy to apply
  • Simple online and in-app management
  • Discounts on a range of products and services
  • No fees on overseas transactions


  • Vybe is not technically a bank, so your money’s not protected by the Financial Services Compensation Scheme
  • You’ll need to transfer money into your Vybe account to use it
  • Fee on ATM withdrawals after your quota’s used

Our verdict

If you’re looking to get something else out of your digital bank account beyond the regular app-based features, Vybe offers discounts on a range of products and services, with no account fees. While it lacks the full features of the leading neobanks like Monzo and Starling, it could be a good option for younger customers looking for more control over their banking.

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