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What are the best digital banks around the world?

The best digital banks around the world can vary depending on specific criteria, including the range of services offered, customer satisfaction, user experience, fees, and accessibility. As of my last knowledge update in January 2022, here are some of the well-regarded digital banks from different regions:

 

  1. N26 (Germany): N26 is a popular European digital bank known for its user-friendly mobile app and comprehensive range of banking services, including a checking account, savings account, and investment options.

 

  1. Revolut (UK): Revolut gained recognition for its multi-currency accounts, prepaid debit cards, and low-cost international transfers. It offers features like budgeting, cryptocurrency trading, and travel insurance.

 

  1. Chime (USA): Chime is a U.S.-based digital bank that focuses on providing a no-fee, mobile-first banking experience. It offers features like early direct deposit, savings accounts, and a round-up savings feature.

 

  1. Monzo (UK): Monzo is a UK-based digital bank known for its transparent fee structure, budgeting tools, and real-time transaction notifications. It also offers overdraft facilities and savings options.

 

  1. Ally Bank (USA): Ally Bank offers a wide range of digital banking services, including high-yield savings accounts, checking accounts, auto loans, and mortgages. They are known for competitive interest rates and customer service.

 

  1. ING Direct (Netherlands): ING Direct operates in multiple countries and offers various online banking services, including savings accounts, mortgages, and investment options.

 

  1. Société Générale's Boursorama (France): Boursorama, a subsidiary of Société Générale, offers a popular online bank in France, providing free checking accounts, savings accounts, and investment services.

 

  1. Up (Australia): Up is an Australian neobank known for its innovative features, including real-time transaction notifications, joint accounts, and digital card management.

 

  1. TransferWise (Wise): While primarily known for international money transfers, TransferWise (now known as Wise) also offers a multi-currency borderless account that functions as a digital wallet.

 

  1. Monese (UK/Europe): Monese caters to international customers, providing digital banking services even without a local address or credit history. They offer a range of accounts and features for global travelers.

 

Please note that the digital banking landscape is dynamic, and new players enter the market regularly, while existing banks may expand their services. It's advisable to research and compare digital banks based on your specific needs and location, as offerings may have evolved since my last update in January 2022.