- No monthly fee
November 2024
UK
– November 2024
Top Banking Service Providers in The UK
Top Banking Service Providers
UK
– November 2024
- Secured banking services
- Immediate account opening
- Simple, cost-effective, 100% app-based banking
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.
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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
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8.8
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5
Best for Travel
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8.5
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6
Best for Business
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8.2
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7
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7.9
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8
Business Account
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7.5
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Our score
9.8
Monzo Review
Regulation
FCA
Pricing
No monthly fee
Wallets
Based on 24036 reviews
Why open an account
- Send payments via SMS and Email
- Get instant notifications
- No fee for spending abroad
- 1% currency conversion fee
1
- Free ATM withdrawals up to £200/month
- Set budgets for your spending
Our score
9.5
Revolut Review
Regulation
EMI
Pricing
No monthly fee
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
2
- Easily link all your accounts and cards to Revolut
- 24/7 award-winning support in 100+ languages
Get a £20 welcome bonus when you sign up
Our score
Regulation
FCA
Pricing
No monthly fee
Wallets
Based on 15405 reviews
Why open an account
- Withdraw & deposit cash at the Post Office
- Round up transactions automatically & save the change
- International money transfers at a competitive rate
3
- Earn interest of 0.05% AER (up to £85,000)
- Free ATM withdrawals & transactions abroad
Our score
8.8
Chase UK Review
Regulation
FCA
Pricing
No monthly fee
Wallets
Based on 10684 reviews
Why open an account
- Round up your spending to the nearest £1, and earn 5% AER (4.89% Gross)
- Open up to 10 saver accounts, each will earn interest
- Support 24/7 by phone or in-app message
- Open extra current accounts for free
4
- 3.50% AER (3.45% gross) with linked saver account
Our score
8.5
Currensea Review
Regulation
FCA
Pricing
Free plan
Upgrade: £25+/year
Upgrade: £25+/year
Wallets
Based on 1545 reviews
Why open an account
- Worldwide acceptance in all 180 currencies
- Fee-free ATM withdrawals abroad up to £500/m
- 0% FX rate across spending & withdrawals (Premium £25/year)
- Mastercard chargeback protection
- Partners with all UK’s leading high street banks
5
- Travel card – saves 85% on FX fees
Our score
8.2
Pleo Review
Regulation
DFSA
Pricing
Free account
Plans from: £35+/m
Plans from: £35+/m
Wallets
Based on 411 reviews
Why open an account
- Cards for all teammates
- Business fuel cards with spending limits
- Automatic categorisation & foreign VAT reclaim
- Bills processing and payments
6
- Digital & audit-proof receipt capture
Our score
7.9
Tally Review
Regulation
FCA
Pricing
£19 activation fee
0.9% p.a. account keeping fee
0.9% p.a. account keeping fee
Wallets
Based on 228 reviews
Why open an account
- No transaction or foreign exchange fees (even at ATMs)
- Convert to the global gold wholesale price
- Automatically convert to the relevant fiat currency
- Easy to use app & Tally Debit Mastercard
7
- Links your money to gold to protect its value
Our score
7.5
Anna Review
Regulation
FCA
Pricing
No monthly fee
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
8
- Free business account – no credit check required
User Testimonials
“Since I got monzo a few years ago it’s gotten progressively better, I use a lot of the budgeting tools and savings tools on a daily basis, you can connect to other banks which helps keep everything in the one place, the flex function is especially useful for splitting up payments, overall I love the app, I use it daily, and would recommend to others“
“Can we take a moment to appreciate the Halloween get-paid early feature…love it! Brilliant app, it’s great to have the trends and pots to manage your finances,or at least attempt to! The support team are always so friendly and helpful if I ever have any queries. Loving the flex feature too, thank you guys for all your hard work“
“Monzo used to be great. I’ve used it for a number of years. The app is good. However my card is buggy (only works for TFL contactless, doesn’t work for anything else). They want to charge £5 for a new card even though it’s not my fault that it doesn’t work. I’ve stopped using my account because I don’t have a card. I think I will close it soon.“
“Monzo is quick and easy. It lets you freeze your card if you’ve lost it or don’t want to use it in the meantime. Not other banks do that, they do but there’s a whole process to do so but with Monzo it’s just a few clicks. t also tells you when and where you’ve spent money and has trends which I really find fascinating.“
“Very simple and easy to use app for legit and safe banking. Monzo has change my life drastically since I have signed up with them, haven’t met in any problems at all and I hope I don’t in the future. With their quick payment features, banking with monzo has been a breeze so far and I’m looking forward to see newer and interactive features to bring this to another level.“
“I love this app. Having opened a Monzo account just for a trip abroad, I have quickly found it to be far, far better than my high street bank and now use it as my main account. The app always works, is user-friendly and allows for loads more analysis and flexibility than others. It’s so simple to control budgets and set aside savings pots.“
“I got Monzo to help automate & track my banking . It’s great for that and really easy to use. What loses it 2 stars though is the almost total lack of security in opening the app. There is fingerprint biometrics, but that’s not on by default. It’s also the only way to secure the app and your banking details. Fingerprint is ok, but certainly not as reliable. “
“highly recommend Monzo for a nice and pleasant experience with banking, so easy so straight forward and simple to use. If you haven’t already I strongly suggest trying it out !!!“
“I originally saw people paying with Monzo when I used to work in retail. I’ve been with Monzo for over 2 years now. They are by far the best Bank I have had dealings with, you can see the time and effort that goes into this online bank and I am 100% sure others like me really appreciate how simple and easy going this bank is.“
User Testimonials
“Iv had my account now for a year or 2. Can’t fault it. Able to use vaults to store money. Helps me budget fir the month. The advantage of being able to pay in other currency and not be charged the fees that comes with a normal account is a bonus too.“
“My Revolut card was stolen in Sollier Malaga on the 20th Sept…the card was used on two occasions before I could cancel it…loss 86 euros. Revolut refunded the money to my account in two days. Very very impressive.“
“I really appreciate Revolut application It’s make banking system easier. When I travel everywhere I don’t need to change my money , I can transfer or receive money in seconds. Best if luck“
“The only problem I am having with Revolut is that sometimes the payments with the visa card are not going through. It needs some tries to be executed.“
“I really enjoy Revolut! It has so many cool features, like creating multiple virtual cards to use for paying specific things (i.e. subscriptions like Netflix, etc, or one for bills, another for shopping, etc). The Revolut debit card is also really cool and the fancier ones are even cooler being actual metal cards in different colors.“
“I’ve been using Revolut for 6 months as main account, it’s incredible the amount of features I have. I’m exchanging currencies very easily from my home country. I can use the Revolut contactless everywhere, and withdraw in almost every cash machine I found without extra fees. I recommend choosing the Premium account, it’s definitely worth it. I’m not into Investment yet, but it’s also possible to do it.“
“I was pleasantly surprised, to the extent that I decided to only keep a current bank account in the UK and close currency accounts in other countries and then use Revolut to take care of foreign payments. The exchange rate is more favourable than currency exchange organisations. No annual foreign bank charges. Debit card is conveniently multi-currency.“
“I received my forest Revolut card a few weeks ago. It’s everything I hoped it would be. Super easy to use. The app is great. Customer support is responsive. I travel loads and card saves me so much in bank fees. I’ve just ordered the metal card – why not? Thanks for all at Revolut.“
“An absolutely game changer, great in any aspect, don’t know why I waited so ling before I finaaly got it. (Ido know, got tired of Wise). Heads up to Revolut.“
User Testimonials
“I started out with a business account as Starling was one of the first not to change a monthly fee. I was impressed. I now have my currently account with them also. My only critique, which is personal, is the app. The layout and function isn’t to my liking. Nevertheless, Starling still provide a 5/5 experience. Recommended.“
“What a wonderful bank. Great service, great services, easy to deal with and no hidden fees. I couldn’t be happier with my Starling Bank account. It makes travel to the continent easy, I never feel ripped off when I want to spend Euros, they convert it for me and have a convenient Euro account linked to my £ GBP account.“
“I cannot always use my Starling card. It keeps being rejected. I top it up and then I have to go to an ATM to “activate” it. I didn’t know this had to be done in order to be able to use the card. However I did top it up and wanted to use it at the supermarket and still was rejected.“
“Extremely straightforward and convenient banking service. The alerts are great. Very impressed with this bank and the business features that are included. I do wish there was an easier “bank statement” type view of all incoming and outgoing transactions“
“The Starling app has a clean UI, easy to use interface and its overall very speedy. I’ve tried several banking apps beforehand and I can say that Starlings app is the best one I have ever used. Its backed with lots of helpful features. The only feature that is missing and would be great is the ability to make virtual cards so you don’t have to give out your card details every single time.“
“No Budgeting, otherwise great. Easy to use and to track spending and categorise it, sending money is easy, setting up a joint account with another starling user is the easiest thing in the world. The only thing it’s lacking is a Budgeting tool, I’d like to put in my budget and see if I’m sticking to that, going over/under etc.“
“Love the Starling app- intuitive and easy to use. The savings pots are a great feature, I’d like the freedom to be able to add ANY regular debits to my ‘monthly bills’ pot- it’s currently confined to a limited list. It would also be nice to be able to add round ups to more than one pot at a time. As far as I know, they’re a reasonably ethical bank, and on the one occasion I’ve had trouble with a company taking money fraudulently, Starling were very helpful in resolving the issue and refunding me“
“OK, that sounded a bit gushy, but I currently have over 10 different online accounts – including with most of the high street banks. None are better than Starling, and many are absolutely atrocious. Starling works – very well. You WILL be impressed. It’s as instant as you can get, has every feature you need, and none that you don’t. I also love getting the real international exchange rate when using it abroad without any nasty loading or fees. “
“I love the starling bank app! It’s very simple and intuitive to use and all the features embedded within it are genuinely useful. The spaces that allow you to store money in different sub accounts is the feature that I use most. But plz starling allow us to delete a space that we have no longer any use for. If I created a space in order to save enough money to go on a trip and I’ve accomplished that, went on the trip and had fun, I would like to delete that space and move on.“
What is a Mobile Bank
Mobile-only 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. Mobile 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.
Mobile-only banks, also known as digital banks or challenger banks, should not be confused with an online account from your traditional bank. Mobile-only 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 mobile banks, it is clear that mobile-only banking apps are the future for hassle-free, borderless banking.
Why Use a Mobile 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 mobile-only 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 mobile bank is the low (or no!) fees. As a mobile-only platform with no physical branches, mobile banks can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad.
Makes traveling easier
Mobile 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 mobile 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 mobile 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.
How to Compare Mobile Banks
To compare mobile banks and find the right app for your banking needs, there are a number of factors you should consider:
Fees, including transaction & ATM withdrawal fees
Although all mobile banks offer lower fees than traditional banks, there are still differences between each and every mobile bank. You may also wish to check other fees such as card replacement, overdraught and top-up fees before selecting your preferred mobile bank.
Monthly Plans
The leading mobile banks offer a free account, so you only have to pay a small fee for the services you use. Many mobile banks also offer premium plans, offering additional benefits such as free withdrawals, even lower fees, insurance and more.
Saving and budgeting tools
Some mobile 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 mobile banks, including those on this website, adhere to the highest safety standards, ensuring your money and data are protected 24/7. The mobile banks compared and reviewed by top10mobilebanks.com are authorised and regulated by local authorities, safeguarding their customers’ funds using a network of stable European banks.
Payments
All mobile banks offer a debit card for payments and withdrawals from your mobile 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.