- Free account available
April 2025
UK
– April 2025
Top Online Banks in The UK
Top Online Banks
UK
– April 2025
- Free online bank accounts
- Quick & easy account opening
- Safe & regulated banking services
How we rank
Our research considers customer testimonials, security levels, pricing, and key advantages when ranking banking service providers. While we receive referral fees from our partners, it’s important to note that it’s not possible to purchase a favorable review or position on this site.
Advertiser disclosure
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Please note:
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| Mobile Bank | Pricing | Card | What We Like | Score | Open an Account | ||
|---|---|---|---|---|---|---|---|
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1
Our Top Choice
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9.8
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2
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9.5
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3
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9.1
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4
Business Only
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8.8
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5
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8.5
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6
Business Only
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8.2
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Our score
9.8
Revolut Review
Regulation
FCA authorised EMI
Pricing
Free account available
Wallets
Based on 161248 reviews
Why open an account
- Pay like a local, hold 30+ currencies
- Withdraw cash anywhere in the world
- Stop unwanted payments & subscriptions in-app
- Grow your savings in multiple currencies
- Robust fraud monitoring and protection
Get a £20 welcome bonus when you sign up
Spend at least £20 within one month of opening your account to receive your £20 welcome reward. 18+, new customers in eligible countries only. Promotion T&Cs apply
1
- Easily link all your accounts and cards to Revolut
- Up to 5% AER (variable) interest paid daily. No withdrawal fees. No minimums.
Get a £20 welcome bonus when you sign up
Spend at least £20 within one month of opening your account to receive your £20 welcome reward. 18+, new customers in eligible countries only. Promotion T&Cs apply
Our score
9.5
Monzo Review
Regulation
FCA
Pricing
Free account available
Wallets
Based on 24036 reviews
Why open an account
- Fully-regulated with no hidden monthly fees.
- 24/7 customer support.
- Pay anywhere, in any currency.
- Split one-off and ongoing bills.
UK Residents only. Ts&Cs apply.
2
- Fully-regulated UK currrent account.
- Pay anywhere, in any currency.
UK Residents only. Ts&Cs apply.
Our score
9.1
Suits Me Review
Regulation
FCA
Pricing
Free account available
Wallets
Based on 8532 reviews
Why open an account
- 20+ shops to receive cashback & rewards
- Open a UK account with ID & phone for selfie
- 99.8% of applications are approved
- Withdraw money at any ATM or cash point
- Multi-lingual support (by phone, email, live chat)
3
- Anyone can apply, no credit checks
- Exclusive cashback rewards up to 15%
Our score
8.8
Tide Review
Regulation
FCA
Pricing
Free account available
Wallets
Based on 22348 reviews
Why open an account
- Upload receipts, auto-match them to transactions
- Income and spending auto-categorisation
- Hold up to 5 business accounts
- Read access, expense cards for your teams
- Accounting integrations: Quickbooks, Xero, Sage and more
Quick sign-up. Same-day company registration for free.
4
- Free business account, same-day company registration
Quick sign-up. Same-day company registration for free.
Our score
8.5
FairFX Review
Regulation
FCA
Pricing
Free account available
Wallets
Based on 12532 reviews
Why open an account
- Unlimited free card loads
- Hold 20 currencies, save on FX fees
- Card acceptance in 170+ countries
5
- Multi-currency account, zero transaction fees
FairFX accounts don’t fall under the Financial Services Compensation Scheme, instead your money is protected via safeguarding. We hold your funds in specially designated, safeguarded bank accounts, which keep them separate from our other assets.
Our score
8.2
Anna Review
Regulation
FCA
Pricing
Free account available
Wallets
Based on 2115 reviews
Why open an account
- Link your other bank accounts with ANNA
- Free card payment in any country
- Automates your VAT Return calculation
- Calculates the amount you owe HMRC
- Reminders about upcoming HMRC requirements
6
- Free business account – no credit check required
WAIT!
72% of our users choose Revolut
72% of our users choose Revolut
vs
Why Use a Online Bank
24/7 availability
No matter where you are, at home or abroad, you can access your bank account via the app, check your account balance, control your savings, get customer support, make payments and even lock your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Get approved fast
Opening an account with a online bank is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go.
Lower fees
Another main reason to use a online bank is the low (or no!) fees. As a online platform with no physical branches, online banks can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad.
Makes traveling easier
Online banks = borderless banking. Low exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, lock or unlock your debit card while you travel, directly in the app.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With online banks everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.
Quick loans
Unlike traditional banks, some online banks offer loans with a much simpler process. In most cases, if you apply for a loan and are approved, your funds will be transferred to your bank account within minutes of agreeing to the terms and conditions.
What is a Online Bank
Online banks (and EMI/ financial apps) are revolutionising personal banking, offering an alternative to traditional brick-and-mortar banks with fast, secure and easy to use apps for iOS and Android. Online banks offer competitive banking services such as current accounts, savings accounts, loans, insurance, and debit/credit cards, often at a cheaper rate than traditional banks.
Online banks, also known as digital banks or challenger banks, should not be confused with an online account from your traditional bank. Online banks are 100% app-based, offering more transparency and convenience with fewer restrictions and waiting times than your common bank. And with millions of users across Europe and the UK already using online banks, it is clear that online banking apps are the future for hassle-free, borderless banking.
How to Compare Online Banks
To compare online banks and find the right app for your banking needs, there are a number of factors you should consider:
Transaction & ATM fees
Although all online banks offer lower fees than traditional banks, there are still differences between each and every online bank. You may also wish to check other fees such as card replacement, overdraught and top-up fees before selecting your preferred online bank.
Monthly Plans
The leading online banks offer a free account, so you only have to pay a small fee for the services you use. Many online banks also offer premium plans, offering additional benefits such as free withdrawals, even lower fees, insurance and more.
Saving & budgeting
Some online banks offer stand-alone savings accounts, while others offer nifty features such as rounding up your purchases and placing the difference in a ‘piggy-bank’ in the app as well as budgeting goals and targets.
Security
The leading online banks, including those on this website, adhere to the highest safety standards, ensuring your money and data are protected 24/7. The online banks compared and reviewed by top10mobilebanks.com are authorised and regulated by local authorities.
Payments
All online banks offer a debit card for payments and withdrawals from your online bank account. In addition, many banking apps also offer e-wallets such as Google Pay or Apple Pay, making online and in-store payments even easier.