Online Only & Digital Banks

With no physical branches and generally no telephone banking, online-only banks are accessible only via smartphone, computer and other digital devices. These banking services are fast, free and paperless, making them ideal for paying bills and transferring money quickly and conveniently. Most new banks are online or app-only; find out more about them below.

Overview First Glance Chase is a digital challenger bank in the UK, first launched in 2021 by JPMorgan, one of the largest banks in the US. With over 56 million existing customers...
Learn More
An online-only bank, Tandem is based in London and offers customers a different approach to traditional banking. The focus of their website is on helping people manage their finances...
Learn More
Last updated:  About Atom Bank Atom Bank is a digital-only financial company and ‘challenger bank’ established in Durham in 2014. Challenger banks are smaller,...
Learn More
Pocket money has evolved from the days of handing out spare change for doing chores around the house. The latest (and easiest) way to manage and keep track of your children’s finance...
Learn More
Transferring money was traditionally a long, arduous, and expensive process. Sending funds overseas often required you to wait until the perfect moment, when exchange rates were favourable....
Learn More
Offering savings accounts that encourage you to ‘put the interest back into your savings’, Marcus is a trading name of Goldman Sachs. Though you might not have heard of Marcus, you’ll...
Learn More
Their slogan is ‘banking made easy’, and they say that you can open an account in less than 10 minutes.  Should you add a Hot Coral Monzo card to your wallet? First Glance If...
Learn More
About Oaknorth Bank Oaknorth is a UK bank founded in 2015 by Joel Perlman and Rishi Khosia, founders of Copal Amba. They were inspired to start the company after coming up against...
Learn More
About Shawbrook Shawbrook is a commercial and retail bank based in the United Kingdom. Until 2017 it was part of Shawbrook Group PLC but was acquired in July 2017 by a consortium...
Learn More
Its name suggests that it’s revolutionary. It also makes it sound like a vodka brand. For frequent travellers and those with friends overseas, this may be the ideal bank. First...
Learn More
Describing itself as a ‘100% mobile, multi-award-winning current account provider’, Monese offers bank accounts that you can open ‘in minutes’. Does Monese make money easy, as their...
Learn More
Talking of ‘digital and financial innovation’, Dozens provides a current account alongside investment opportunities. It claims to help you ‘maximise your money’s potential’, but is...
Learn More