Previously known as MyPocket, Lekka wants to achieve inclusive banking for all by promising cheap access and easy access to fundamental financial services. Here\u2019s 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.<\/p>
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.<\/p>
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.<\/p>
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.<\/p>
Despite being a fee-based service, Lekka\u2019s Premium Access comes with a fee. The account costs a single payment of \u20ac25 per year, or \u20ac2.08 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.<\/p>
Signing up for a Lekka account is easy and only requires proof of ID and a document detailing proof of address.<\/p>
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.<\/p>
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\u2019s 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.<\/p>
Lekka\u2019s 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:<\/p>
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 \u2013 we\u2019ll update this page when we have more information.<\/p>
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