- $4.95+/month
October 2024
US
– October 2024
Top Mobile Banking Providers in the United States
Top Mobile Banking Providers
US
– October 2024
- Immediate account opening
- Safe & regulated US banking services
- 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.
Advertiser disclosure
Top10MobileBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end.
Please note:
All the information displayed in this site is completely subjective. Moreover, we have broad editorial discretion as to the content we publish on the site and due to various reasons, the information you see may be incomplete and/or inaccurate. Please don’t hesitate to double-check the information we provide. It’s okay, we won’t be offended – on the contrary, we would love to hear your feedback!
We’re able to offer this completely free-of-charge online resource thanks to the referral fees we receive from our partners (some of the companies listed on this site). While this may affect the location of these companies and the content we feature on the site, it’s not possible to purchase a favorable review or a position on this site.
| 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
Best for Freelancers
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9.1
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4
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8.8
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5
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8.5
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6
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Free plan |
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8.2
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Our score
9.8
Chase Review
Regulation
FDIC
Pricing
$4.95+/month
Wallets
Based on 1104 reviews
Why open an account
- 15,000+ free Chase ATMs
- Simplifies saving with automatic transfers
- No monthly fee for college students age 17-24
1
- $5/mo. fee on savings account, 0.01% APY interest
- $1,000 minimum balance for saving account
Our score
9.5
Sable Review
Regulation
FDIC
Pricing
Free Plan
Wallets
Why open an account
- 1% cash back on purchases from Netflix, spotify & more
- $0 fee on ATM Withdrawals & domestic + international transfers
2
- No credit checks & no SSN required
- No minimum balance or monthly fee
Our score
9.1
North One Review
Regulation
FDIC
Pricing
$10/month
Wallets
Based on 116 reviews
Why open an account
- Human customer support on your schedule
- Network of 300,000+ ATMs nationwide
3
- ACH transfers on the same day
- Envelope feature for automatic finance planning
Our score
Regulation
FDIC
Pricing
No monthly fee
Wallets
Based on 2348 reviews
Why open an account
- No minimum balance required
- Get access to 40,000+ ATMs
- Realtime mobile alerts
4
- Send money to anyone from the Varo app
Our score
8.5
Chime Review
Regulation
FDIC
Pricing
No monthly fee
Wallets
Based on 9284 reviews
Why open an account
- No credit check to apply
- Block your card in one tap
- 24/7 live support, with a real human
5
- Access cash at 50,000+ ATMs
Our score
8.2
Cash App Review
Regulation
Pricing
Free plan
Wallets
Why open an account
Transactions are encrypted and safe
ATM withdrawals are free from 300$/m
6
- Connect bank account or debit card
What is a Mobile Bank
A mobile bank, also known as a neobank, is a financial institution that operates entirely online through mobile apps and websites, eliminating the need for physical branches. This digital-only approach offers unparalleled convenience, allowing customers to manage their finances from their smartphones or computers 24/7. With lower operating costs compared to traditional banks, mobile banks often have fewer fees and offer higher interest rates on savings accounts. They provide intuitive, user-friendly apps designed to make managing money simple and efficient. These apps typically include features like budgeting tools, spending insights, and real-time notifications for account activity.
Additionaly, mobile banks collaborate with traditional banks to provide customers with a seamless, digital banking experience. These partnerships allow mobile banks to leverage the established infrastructure and services of traditional banks, such as secure payment processing, account management, and financial compliance. By working together, they can offer customers innovative features like real-time notifications, easy money transfers, and user-friendly mobile apps, all backed by the reliability and security of traditional banking institutions.
Why Use a Mobile Bank
24/7 availability- anytime, anywhere
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. Some mobile banks, such as Chime don’t even require credit checks, so you can open an account and get access to it in minutes.
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.
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, such as Varo, 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 virtual cards and e-wallets such as Google Pay or Apple Pay, making online and in-store payments even easier.