Best Online Banking Providers in the UK
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No monthly fees
& quick online setup
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See interest, fees & rewards
in real-time
Top Rated Choice
Why Use an Online Bank
24/7 availability
Access your bank account anytime, anywhere through the app. Check your balance, manage savings, make payments, lock your card, and get support in seconds. Real-time notifications keep you in control of your spending – no appointments, no queues, no wasted time.
Get approved quickly
Opening an account with an online bank is simple, with no lengthy forms or paperwork. Just download the app, verify your identity, top up your account, and you’re ready to go.
Lower fees
Another main reason to use an online bank is the low (or even no) fees. As an online platform with no physical branches, online banks can offer lower fees than traditional banks – especially for cashpoint withdrawals, currency exchange, transfers, and overseas payments.
Makes travel easier
Online banks mean borderless banking. With low exchange rates and low or no ATM withdrawal fees worldwide, online banking makes travelling much easier (and more affordable) than with traditional banks – especially across the Eurozone. For added safety, you can lock or unlock your debit card while abroad, directly in the app.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts, and letters they post to you. With online banks, everything you need is in the app, and all communications are sent to your app or email. Gone are the days of rummaging through piles of paper at home – and helping the environment is just the icing on the cake.
Fast 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 approval.
What is an Online Bank
How to Compare Online Banks
To compare online banks and find the right app for your banking needs, there are several factors to consider.
Transaction & ATM fees
Although most online banks offer lower fees than traditional banks, there are still differences between them. It’s worth checking additional fees such as card replacement, overdraft charges, and top-up fees before choosing your preferred online bank.
Monthly plans
The leading online banks offer a free account, so you only need to pay a small fee for the services you use. Many also provide premium plans with added benefits such as free cashpoint withdrawals, lower fees, insurance, and more.
Savings & budgeting
Some online banks offer separate savings accounts, while others include handy tools such as rounding up your purchases and placing the spare change into a digital ‘savings pot’ within the app, along with options for setting budgeting goals and targets.
Security
The leading online banks, including those featured on this website, adhere to the highest security standards, ensuring your money and data are protected 24/7. All banks reviewed by top10mobilebanks.com are authorised and regulated by the relevant financial authorities.
Payments
All online banks offer a debit card for payments and cashpoint withdrawals from your online bank account. In addition, many banking apps also support digital wallets such as Google Pay and Apple Pay, making online and in-store payments easier than ever.