Neobanks Ranking: Our 10 Favourite

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Banking is undergoing a major revolution, with the emergence of so-called “neobanks” that are changing the way we manage and access our finances. Neobanks are digital-only, technology-led banks that are designed to provide a better, more intuitive banking experience, without the fees and restrictions associated with traditional banks.

Unlike traditional banks, neobanks don’t have branches or require physical locations, instead allowing customers to access their accounts and services entirely online or via an app. This makes it easier and more convenient to manage finances and make payments, as well as giving customers more control over their money.

In this article, we’ll rank some of the top 10 neobanks operating today, so you can decide which digital bank is the best for you. We’ll also explain how neobanks differ from traditional banks, go over their features and benefits, and discuss the safety of online banking options.

What Are Neobanks?

Neobanks are digital-only financial institutions that don’t have physical locations or branches. They provide all the services of traditional banks, but without the fees, restrictions, and physical locations. Neobanks use cutting-edge technology to make managing finances easier and more intuitive, without compromising security and privacy. Some of these services may include transfers, loans, investments, credit cards, payments, and more.

Most neobanks offer competitive interest rates and low fees, as they don’t have the same overhead costs as traditional banks. They also offer features such as real-time payments, peer-to-peer transfers, and contactless payment options for added convenience.

Another major selling point of neobanks is that they focus on customer experience, with user-friendly interfaces and personalized services. Many of them also have helpful customer support teams who can answer your questions quickly and efficiently.

How Safe Are Neobank Accounts?

Neobanks are subject to the same regulatory requirements as traditional banks, so they must abide by the same laws and maintain the same risk management processes. This includes safeguarding customer information, complying with anti-money laundering regulations, and providing secure banking services.

In addition, neobanks are required to have secure data encryption protocols in place to protect your accounts from cyber attacks. Most of them also offer two-factor authentication, which adds an extra layer of protection to your accounts.

Our Top 10 Neobanks

Now that we’ve gone over the basics of neobanks, let’s take a look at some of the best neobanks out there. Here are 10 of the top neobanks operating today, ranked in order of their global valuation as of 2023:


Nubank is one of the world’s most valued independent neobank. Founded in 2013, it offers banking services through a digital-only platform with no branches. Its services include digital accounts, prepaid cards, and a range of other financial services.


Chime is another extremely highly valued neobank. Founded in 2013 in San Francisco, Chime is a mobile-first bank that offers no-fee banking services to its customers. Its products include personal loans, prepaid cards, and saving accounts.


Monzo is a digital-only bank based in the UK. It was founded in 2015 and offers a range of banking products, including deposit accounts, savings accounts, and prepaid cards. It also provides modern features such as real-time payments and home banking.


Revolut is a digital banking service. It was founded in 2015 and offers both personal and business banking services. Its services include contactless payments, foreign exchange, savings accounts, and prepaid cards.


Simple is a U.S.-based digital-only banking service. It was founded in 2009 and provides banking services such as spending insights, budgeting tools, and cash flow tracking. It also offers bill pay, credit cards, prepaid cards, and more.


BankMobile is a digital banking service. Founded in 2015, it provides mobile banking services to customers, ranging from checking accounts to debit cards and loans.

Ally Bank

Ally Bank is a digital-only bank. It was founded in 2009 and offers high-yield deposit accounts, money market accounts, loans, and more. Its services also include a rewards program, savings tools, and investment services.

Atom Bank

Atom Bank is another digital-only bank. It was founded in 2014 and provides modern banking products such as current accounts, investments, and mortgages. It also offers a range of international payments and money transfer services.


N26 is a digital-only bank based in Germany. Founded in 2013, it provides banking services such as cashback rewards, real-time payments, and travel payments.

Starling Bank

Starling Bank is a mobile-first bank. Founded in 2014, it offers a range of digital banking services, including current accounts, overdrafts, and savings accounts. It also offers financial planning tools and automated savings products.


Neobanks are revolutionizing the way we bank, with digital-only banking services that offer more features and a better user experience than traditional banks. With their competitive interest rates, low fees, and cutting-edge technology, these digital banks are certainly worth considering for your banking needs.

We hope that this article has helped you understand and compare some of the best neobanks operating today. Remember to do your own research to decide which bank is the best for you. Happy banking!

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