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
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...
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...
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...
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...
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,...
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...
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...
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...