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.
Online Only & Digital Banks
About
Nomo is a UK-based, Sharia-compliant digital bank. The company aims its services to people that travel and do business internationally and who want to manage their money easily...
Chase Bank UK
Who Owns Chase Bank?
Chase is a digital challenger bank in the UK, first launched in 2021 by JPMorgan, one of the largest banks in the US. With...
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...
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About Atom Bank
Atom Bank is a digital-only financial company and ‘challenger bank’ established in Durham in 2014. Challenger banks...
About Fidor
German online-only bank Fidor was founded in 2009, expanding into the United Kingdom in 2015. The bank was opened as an attempt to restore customers’ confidence in...
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...
About First Direct
First Direct is a retail bank based in the United Kingdom, headquartered in Leeds. It is a telephone and internet-based bank, with no physical branches, and...
Bo Bank was a branded bank that fell under the parent company National Westminster Bank, which later was renamed to NatWest Group. These fall under the Royal Bank of Scotland Group....
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...
Which? Banking Brand of the Year 2023 - The Winner
Winning Britain's Best Bank from 2018 until 2021, and Best Current Account Provider from 2018 until the most recent in 2022,...
With its headquarters in Berlin, N26 offers bank accounts in
the UK and throughout the Eurozone, as well as in the US. Could this
rapidly-growing German bank be one to join as an account...
Their slogan is ‘banking made easy’, and they say that you can open an account in less than 10 minutes. So should you add a hot coral Monzo card to your wallet?
First Glance
If...
About Triodos
Triodos is an ‘ethical’ bank based in the Netherlands. It also has branches in Germany, Belgium, Spain and the United Kingdom. The name ‘Triodos’ means ‘three-way...
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...
About Wyelands Bank
Wyelands bank is a bank for small and medium-sized businesses in the UK. It began life in 2016 when it was acquired by entrepreneur Sanjeev Gupta through...
About PCF Bank
PCF Bank was founded in 1993. Based in London, United Kingdom, the company offers a wide portfolio of personal and business banking services. Originally established...
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...
About Loot
Loot is a financial services company based in the UK, founded in 2014 by then-student Ollie Purdue. It offers a digital-only current account specifically aimed at students...
About Masthaven Bank
Masthaven Bank was founded in 2004. At that time, the company only offered secured lending and bridging loans. After receiving a banking licence in 2016, Masthaven...
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...
Its name suggests that it’s revolutionary. It also makes it sound like a vodka brand. For frequent travelers and those with friends overseas, this may be the ideal.
Our Revolut...
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...
About Charter Court Financial Services
A financial services company based in the United Kingdom, Charter Court Financial Services operates across three separate, specialised strands....
When you’re first starting out with your business or start-up, it’s often tempting to use your own personal bank account for your finances.
It’s easy, doesn’t cost any extra fees,...